Common use of Instructions of Principal Clause in Contracts

Instructions of Principal. All instructions of Principal to Bank shall be provided as set forth in the Custodian Agreement. Bank shall be entitled to accept and rely on any written instruction Bank reasonably believes to have been authorized by Principal. Bank shall have no obligation to act in the absence of instructions. If at anytime the circumstances require immediate action and Bank endeavors to obtain instructions from Principal, but is unable to so obtain them, Bank may act and is fully protected in acting in such manner as it considers appropriate hereunder.

Appears in 3 contracts

Samples: Master Repurchase Agreement (Parkstone Group of Funds /Oh/), Reverse Repurchase Agreement (Parkstone Group of Funds /Oh/), Repurchase Agreement (Highmark Funds /Ma/)

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Instructions of Principal. All instructions of Principal to Bank shall be provided as set forth in accordance with the terms of this Addendum and the Custodian Agreement. Bank shall be entitled to accept and rely on any written instruction instructions Bank reasonably believes to have been authorized by Principal. Bank shall have no obligation to act in the absence of instructions. If at anytime any time the circumstances require immediate action and Bank endeavors to obtain instructions from Principal, but is unable to so obtain them, Bank may act act, and is will be fully protected indemnified by Principal in acting acting, in such manner as it considers appropriate hereunder.

Appears in 2 contracts

Samples: Securities Lending Services Agreement (First Focus Funds Inc), Repurchase Agreement (North Track Funds Inc)

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Instructions of Principal. All instructions of Principal to Bank shall be provided as set forth in accordance with the Custodian terms of this Agreement. Bank shall be entitled to accept and rely on any written instruction instructions Bank reasonably believes to have been authorized by Principal. Bank shall have no obligation to act in the absence of instructions. If at anytime the any time circumstances require immediate action action, and Bank endeavors to obtain instructions from Principal, Principal but is unable to so obtain themdo so, Bank may act and is fully protected in acting in such manner as it considers appropriate hereunder, and will be fully indemnified by Principal for such acts.

Appears in 1 contract

Samples: Securities Lending Services Agreement (First Focus Funds Inc)

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