Common use of Security; Reliance; Unauthorized Use Clause in Contracts

Security; Reliance; Unauthorized Use. Each Fund will, and will cause all persons utilizing Electronic Service to, treat the user and authorization codes, passwords and authentication keys applicable to Electronic Service with extreme care. The Bank is hereby irrevocably authorized to act in accordance with and rely on Written Instructions received by it through Electronic Service. Each Fund acknowledges that it is its sole responsibility to assure that only Authorized Persons use Electronic Service and that the Bank shall not be responsible nor liable for any unauthorized use thereof, and agrees that the security procedures to be followed in connection with the Fund's transmission of Written Instructions through Electronic Service provide to it a commercially reasonable degree of protection in light of its particular needs and circumstances.

Security; Reliance; Unauthorized Use. Each Fund will, and will cause all persons utilizing an Electronic Service to, treat the user and authorization codes, passwords and authentication keys applicable to an Electronic Service with extreme care. The Bank is hereby irrevocably authorized to act in accordance with and rely on Written Instructions received by it through an Electronic Service. Each Fund acknowledges that it is its sole responsibility to assure that only Authorized Persons use an Electronic Service and that the Bank shall not be responsible nor liable for any unauthorized use thereof, and agrees that the security procedures (if any) to be followed in connection with the Fund's transmission of Written Instructions through an Electronic Service provide to it a commercially reasonable degree of protection in light of its particular needs and circumstances.