Common use of Reliance by Transfer Agent; Instructions Clause in Contracts

Reliance by Transfer Agent; Instructions. (a) FTIS will be protected in acting upon Written or Oral Instructions reasonably believed to have been executed or orally communicated by an Authorized Person and will not be held to have any notice of any change of authority of any person until receipt of a Written Instruction thereof from an officer of the Investment Company. FTIS will also be protected in processing Share certificates which it reasonably believes to bear the proper manual or facsimile signatures of the officers of the Investment Company and the proper countersignature of FTIS.

Appears in 31 contracts

Samples: Agent and Shareholder Services Agreement (Franklin Resources Inc), Transfer Agent and Shareholder Services Agreement (Templeton Growth Fund Inc), Templeton Institutional Funds

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Reliance by Transfer Agent; Instructions. (a) FTIS will be protected in acting upon Written or Oral Instructions reasonably believed to have been executed or orally communicated by an Authorized Person and will not be held to have any notice of any change of authority of any person until receipt of a Written Instruction thereof from an officer of the Investment CompanyFund. FTIS will also be protected in processing Share certificates which it reasonably believes to bear the proper manual or facsimile signatures of the officers of the Investment Company Fund and the proper countersignature of FTIS.

Appears in 12 contracts

Samples: Transfer Agent Agreement (Templeton American Trust Inc), Transfer Agent Agreement (Templeton Smaller Companies Growth Fund Inc), Transfer Agent Agreement (Templeton Global Smaller Companies Fund Inc)

Reliance by Transfer Agent; Instructions. (a) FTIS will be protected in acting upon Written or Oral Instructions reasonably believed to have been executed or orally communicated by an Authorized Person and will not be held to have any notice of any change of authority of any person until receipt of a Written Instruction thereof from an officer of the Investment CompanyTrust. FTIS will also be protected in processing Share certificates which it reasonably believes to bear the proper manual or facsimile signatures of the officers of the Investment Company Trust and the proper countersignature of FTIS.

Appears in 5 contracts

Samples: Transfer Agent Agreement (Templeton Income Trust), Transfer Agent Agreement (Franklin Templeton Japan Fund), Transfer Agent Agreement (Templeton Developing Markets Trust)

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Reliance by Transfer Agent; Instructions. (a) FTIS will be protected in acting upon Written or Oral Instructions reasonably believed to have been executed or orally communicated by an Authorized Person and will not be held to have any notice of any change of authority of any person until receipt of a Written Instruction thereof from an officer of the Investment Company. FTIS will also be protected in processing Share certificates which it reasonably believes to bear the proper manual or facsimile signatures of the officers of the Investment Company and the proper countersignature of FTIS.

Appears in 4 contracts

Samples: Transfer Agent Agreement (Templeton Funds Inc), Transfer Agent Agreement (Templeton Funds Inc), Transfer Agent Agreement (Templeton Institutional Funds Inc)

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