Examples of Authorised Instructions in a sentence
The Custodian shall make Distributions or transfers of cash and monies out of a Cash Account pursuant to Authorised Instructions in accordance with Section 7.2. In making payments to service providers pursuant to such Authorised Instructions, each of the Issuer, the Note Trustee and the Security Trustee acknowledges that the Custodian is acting as a paying agent, and not as the payer, for tax information reporting and withholding purposes.
The Custodian may follow Authorised Instructions in providing pricing or other Market Data, even if such Authorised Instructions direct the Custodian to override its usual procedures and Market Data sources.
The ability to service such Authorised Instructions will only apply on the business days that such Mutual Fund is available for transactions in accordance with its own terms and Mutual Fund Documents.
The Issuer assumes full responsibility for all risks involved in connection with the Custodian's delivery of Securities pursuant to Authorised Instructions in accordance with local market practice.
The Custodian shall be entitled to rely without inquiry on all Market Data (and all Authorised Instructions related to Market Data) provided to it, and the Custodian shall not be liable for any Losses incurred as a result of errors or omissions with respect to any Market Data (including but not limited to the accuracy or completeness of such Market Data) utilised by the Custodian or the Issuer hereunder.
In order for the Custodian to act, it must receive Authorised Instructions clearly marked as instructions for the decision via an Electronic Platform, SWIFT or, only to the extent that the Electronic Platform or SWIFT, as the case may be, is not available or if so agreed between the Custodian and the Issuer from time to time, by fax and by such time as the Custodian shall advise the Issuer from time to time.
Absent the Custodian's actual receipt of such Authorised Instructions by such deadline, the Custodian shall not be liable for failure to take any action relating to or to exercise any rights conferred by such Securities.
Authorised Instructions received with less than required notice will be dealt with on a reasonable efforts basis.
The Custodian shall be entitled to rely upon any Instructions actually received by the Custodian and believed by the Custodian to be from an Authorised Person ("Authorised Instructions".