Examples of Remedy Notice in a sentence
Nothing herein shall be construed as authorizing Custodian to reject for settlement securities transactions for which trade instructions were issued prior to Custodian's receipt of a Remedy Notice with respect to the relevant Portfolio or Portfolios.
Such Cure Notice, which shall be considered Proper Instructions under this Agreement, shall specify: (a) the names of a Portfolio or Portfolios that are subject to an existing Remedy Notice and the date of such notice; (b) that such Portfolio or Portfolios are no longer under default and thus no longer subject to instructions by PGF to the Custodian on their behalf; and (c) that the Custodian may now accept instructions from AIG Series Trust or its investment adviser for such Portfolio or Portfolios.
The Custodian shall have no responsibility or liability to AIG Series Trust or any Portfolio for complying with a Remedy Notice received from PGF and may rely upon such Remedy Notice as genuine, without further investigation or inquiry.
Upon its receipt of such Remedy Notice, the Custodian is authorized by AIG Series Trust, on behalf of the applicable Portfolio, to follow instructions given by PGF to the Custodian with regard to that Portfolio(s) without further consent of AIG Series Trust, its investment adviser, or any other person.
Each Remedy Notice from PGF to the Custodian shall be deemed to constitute Proper Instructions as defined in Section 7 of this Agreement.