Reliance on Oral/Written Instructions. Custodian shall be entitled to rely upon any Written Instruction or Oral Instruction received by Custodian and reasonably believed by Custodian to be delivered by an Authorized Person. Buyer and Seller agree to forward to Custodian Written Instructions confirming any and all Oral Instructions in such manner that such Written Instructions are received by Custodian by the close of business of the same day that such Oral Instructions are given to Custodian. Buyer and Seller agree that the fact that such confirming Written Instructions are not received or that contrary Written Instructions are received by Custodian shall in no way affect the validity or enforceability of the transactions previously authorized and effected by Custodian.
Reliance on Oral/Written Instructions. Subcustodian shall be entitled to rely upon any Written Instruction or Oral Instruction received by Subcustodian and reasonably believed by Subcustodian to be delivered by an Authorized Person. Buyer, Custodian, and Seller agree to forward to Subcustodian Written Instructions confirming any and all Oral Instructions in such manner that such Written Instructions are received by Subcustodian by the close of business of the same day that such Oral Instructions are given to Subcustodian. Buyer, Custodian and Seller agree that the fact that such confirming Written Instructions are not received or that contrary Written Instructions are received by Subcustodian shall in no way affect the validity or enforceability of the transactions previously authorized and effected by Subcustodian. Custodian shall give instructions under this Subcustodial Undertaking only upon receipt of Proper Instructions (as defined in the Custodian Contract) from a Buyer.
