Common use of Instructions, Opinion of Counsel and Signatures Clause in Contracts

Instructions, Opinion of Counsel and Signatures. At any time DST may apply to any person authorized by Fund, including without limitation the duly authorized representative of any Authorized Person and any Authorized Personnel set forth on Exhibit D to this Agreement, to give instructions to DST, and may with the approval of a Fund officer consult with legal counsel for Fund or its own legal counsel at the expense of Fund, with respect to any matter arising in connection with the agency and it will not be liable for any action taken or omitted by it in good faith in reliance upon such instructions or upon the opinion of such counsel. DST will be protected in acting upon any paper or document reasonably believed by it to be genuine and to have been signed by the proper person or persons and will not be held to have notice of any change of authority of any person, until receipt of written notice thereof from Fund. It will also be protected in recognizing stock certificates which it reasonably believes to bear the proper manual or facsimile signatures of the officers of Fund, and the proper countersignature of any former Transfer Agent or Registrar, or of a present or former co-Transfer Agent or co-Registrar.

Appears in 12 contracts

Samples: Agency Agreement (Ing Prime Rate Trust), Agency Agreement (Pilgrim Equity Trust), Agency Agreement (Ing Variable Products Trust)

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Instructions, Opinion of Counsel and Signatures. At Except as otherwise provided for in a written memorandum signed by both parties hereto, at any time DST may apply to any person authorized by officer of the Fund, including without limitation the duly authorized representative of any Authorized Person and any Authorized Personnel set forth on Exhibit D to this Agreement, to give instructions to DSTThe Chase Manhattan Bank ("Chase") or Mutual Fund Select Group for instructions, and may if such instructions are not received within a reasonable time following subsequent notification with the approval of a Fund officer Fund's Chief Executive Officer, then DST may consult with legal counsel for the Fund or its own legal counsel at the expense of the Fund, with respect to any matter arising in connection with the agency and it will not be liable for any action taken or omitted by it in good faith in reliance upon such instructions or upon the opinion of such counsel. DST will be protected in acting upon any paper or document reasonably believed by it to be genuine and to have been signed by the proper person or persons and will not be held to have notice of any change of authority of any person, until receipt of written notice thereof from the Fund. It will also be protected in recognizing stock share certificates which it reasonably believes to bear the proper manual or facsimile signatures of the officers of the Fund, and the proper countersignature of any former Transfer Agent or Registrar, or of a present or former co-Transfer Agent or co-Registrar.

Appears in 1 contract

Samples: Transfer Agency Agreement (Mutual Fund Select Group)

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Instructions, Opinion of Counsel and Signatures. At Except as otherwise provided for in a written memorandum signed by both parties hereto, at any time DST may apply to any person authorized by Fund, including without limitation officer of the duly authorized representative of any Authorized Person and any Authorized Personnel set forth on Exhibit D to this Agreement, to give instructions to DSTFund or The Chase Manhattan Bank ("Chase") for instructions, and may if such instructions are not received within a reasonable time following subsequent notification with the approval of a Fund officer Fund's Chief Executive Officer, then DST may consult with legal counsel for the Fund or its own legal counsel at the expense of the Fund, with respect to any matter arising in connection with the agency and it will not be liable for any action taken or omitted by it in good faith in reliance upon such instructions or upon the opinion of such counsel. DST will be protected in acting upon any paper or document reasonably believed by it to be genuine and to have been signed by the proper person or persons and will not be held to have notice of any change of authority of any person, until receipt of written notice thereof from the Fund. It will also be protected in recognizing stock share certificates which it reasonably believes to bear the proper manual or facsimile signatures of the officers of the Fund, and the proper countersignature of any former Transfer Agent or Registrar, or of a present or former co-Transfer Agent or co-Registrar.

Appears in 1 contract

Samples: Transfer Agency Agreement (Avesta Trust)

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