Common use of Investment Documentation Clause in Contracts

Investment Documentation. Any direction from the Depositor, the Depositor’s agent and/or Designated Representative to the Custodian with respect to any investment, withdrawal and/or transfer of an asset from the Depositor’s Custodial Account, shall be in writing on a form acceptable to the Custodian (“Direction of Investment”). The Custodian may remit funding for the Depositor’s investment upon receipt of such Direction of Investment, without regard to any supporting documentation. The Custodian shall be fully protected in acting upon any instrument, certificate, paper or transmission believed to be genuine and to be signed or presented by the proper person or persons whether or not by facsimile or other form acceptable to the Custodian, and the Custodian shall be under no duty to make any investigation or inquiry as to any statement contained in any such communication, but may accept the same as conclusive evidence of the truth and accuracy of the statements therein contained. The Depositor authorizes and directs the Custodian to execute and deliver, on behalf of the Depositor’s Custodial Account, any and all documents delivered to the Custodian in connection with the Depositor’s investments; although the Custodian shall have no duty to deliver such documents and the Custodian shall have no responsibility to verify or determine that any such documents are complete, accurate or constitute the documents necessary to comply with the Depositor’s Investment Direction, unless said directions from the Depositor comply with the requirements of this Agreement. Depositor authorizes and directs the Custodian to correct scrivener errors in investment titling and other minor clerical errors with telephone or email consent from the Depositor, the Depositor’s agent and/or Designated Representative upon verification of the Depositor, Xxxxxxxxx’s agent and/or Designated Representative’s identity.