Facsimile Instruction definition
Examples of Facsimile Instruction in a sentence
Subsequent to the transmission of a Written Direction in the form of a Facsimile Instruction, the Company agrees to transmit to the Trustee or such Agent, in a timely manner, the originally executed Written Direction if required pursuant to the Governing Documents or at the request of the Trustee or such Agent.
The provision of various accounts or facilities through Facsimile Instruction and Facsimile Transaction Services shall be governed by the contract rules and terms, letter of authorisation and the guidelines and manuals issued by the Bank as supplemented, amended or substituted from time to time.
The Customer authorises the Bank to accept the instructions of the Customer transmitted by means of facsimile (“Facsimile Instructions”), provided that such Facsimile Instruction shall be in the form for various businesses of the Bank and affixed with the specimen signature of such account holder or an Authorised Signatory.
If the Customer has applied for transactions at the Bank’s counters, the Customer shall ensure that he/she will not repeat the same Instruction by means of Facsimile Instruction.
The Bank shall be entitled to treat the copy of Facsimile Instruction sent to it as conclusive evidence as against the Customer of the existence of such transactions and the facts contained in such Facsimile Instruction.
The Bank may (but is not obliged to) verify the Facsimile Instructions by such means as it considers appropriate, including calling the Customer or any Authorised Signatory or requesting any other documentation or requiring that the Customer provide the Bank with written confirmation of each Facsimile Instruction within such period as the Bank may specify.
The Bank may (but is not obliged to) verify the Facsimile Instructions by such means as it considers appropriate, including calling the Customer or any Authorised Signatory or requesting any other documentation or requiring that the Customer provide the Bank with the original Facsimile Instruction or written confirmation of each Facsimile Instruction within such period as the Bank may specify.
If the original of the Facsimile Instruction is not delivered to or received by the Bank, the Bank shall be entitled to treat the copy of Facsimile Instruction sent to it as conclusive evidence as against the Customer of the existence of such transactions and the facts contained in such Facsimile Instruction.
For the avoidance of doubt, shareholder name, address and bank account details cannot be changed by Facsimile Instruction; the Intermediary must arrange to provide the Company with pre-authorised bank account details before redemption proceeds can be paid.