REPETITIVE FUNDS TRANSFERS. Repetitive funds transfers may be initiated via facsimile by Principal or Appointed Person after Custodian has performed an initial call back to a different Appointed Person to verify the repetitive transfer information. Upon receiving each funds transfer request, Custodian will verify that the individual whose signature appears on the funds transfer request is an Appointed Person, and that the repetitive payment destination matches the beneficiary data on the initial authorization.
Appears in 8 contracts
Samples: Custodian Agreement (Advisors' Inner Circle Fund), Custodian Agreement (Advisors Inner Circle Fund), Custodian Agreement (Highmark Funds /Ma/)
REPETITIVE FUNDS TRANSFERS. Repetitive funds transfers may be initiated via facsimile by Principal Client or Appointed Person Authorized Representative after Custodian Xxxx has performed an initial call back to a different Appointed Person Authorized Representative to verify the repetitive transfer information. Upon receiving each funds transfer request, Custodian Bank will verify that the individual whose signature appears on the funds transfer request is an Appointed PersonAuthorized Representative, and that the repetitive payment destination matches the beneficiary data on the initial authorization.
Appears in 4 contracts
Samples: Custody Agreement (Venture Lending & Leasing VI, Inc.), Custody Agreement (Venture Lending & Leasing Iv Inc), Custody Agreement (Venture Lending & Leasing V, Inc.)
REPETITIVE FUNDS TRANSFERS. Repetitive funds transfers may be initiated via facsimile by Principal Trust or Appointed Person after Custodian has performed an initial call back to a different Appointed Person to verify the repetitive transfer information. Upon receiving each funds transfer request, Custodian will verify that the individual whose signature appears on the funds transfer request is an Appointed Person, and that the repetitive payment destination matches the beneficiary data on the initial authorization.
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