Common use of Ambiguous Instructions Clause in Contracts

Ambiguous Instructions. If a Purchase Order Form or a Redemption Order Form otherwise in good form contains order terms that differ from the information provided in the telephone call at the time of issuance of the applicable order number, the Trustee will attempt to contact one of the Authorized Persons of the Authorized Participant to request confirmation of the terms of the Order. If an Authorized Person confirms the terms as they appear in the Order, then the Order will be accepted and processed. If an Authorized Person contradicts the Order terms, the Order will be deemed invalid, and a corrected Order must be received by the Trustee. If the Trustee is not able to contact an Authorized Person, then the Order shall be accepted and processed in accordance with its terms notwithstanding any inconsistency from the terms of the telephone information. In the event that an Order contains terms that are not complete or are illegible, the Order will be deemed invalid and the Trustee will attempt to contact one of the Authorized Persons of the Authorized Participant to request retransmission of the Order.

Appears in 76 contracts

Samples: Participant Agreement (Invesco CurrencyShares Canadian Dollar Trust), Form of Participant Agreement (CurrencyShares Russian Ruble Trust), Participant Agreement (Currencyshares Chinese Renminbi Trust)

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Ambiguous Instructions. If a Purchase Order Form or a Redemption Order Form otherwise in good form Request contains order terms that differ from the information provided in the telephone call at the time of issuance of the applicable order number, the Trustee Distributor will attempt use commercially reasonable efforts to contact one of the Authorized Persons of the Authorized Participant to request confirmation of the terms of the Order. If an Authorized Person confirms the terms as they appear in the Order, then the Order will be accepted and processed. If an Authorized Person contradicts the Order terms, the Order will be deemed invalid, and a corrected Order must be received by the TrusteeDistributor. If the Trustee Distributor is not able to contact an Authorized Person, then the Order shall be accepted and processed in accordance with its terms notwithstanding any inconsistency from the terms of the telephone informationinitially given. In the event that an Order contains terms that are not complete or are illegible, the Order will be deemed invalid and the Trustee Distributor will attempt to contact one of the Authorized Persons of the Authorized Participant to request retransmission of the Order.

Appears in 1 contract

Samples: Authorized Participant Agreement (Proshares Trust)

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Ambiguous Instructions. If a Purchase Order Form or a Redemption Order Form otherwise in good form Request contains order terms that differ from the information provided in the telephone call at the time of issuance of the applicable order number, the Trustee Distributor will attempt use commercially reasonable efforts to contact one of the Authorized Persons of the Authorized Participant to request confirmation of the terms of the Order. If an Authorized Person confirms the terms as they appear in the Order, then the Order will be accepted and processed. If an Authorized Person contradicts the Order terms, the Order will be deemed invalid, and a corrected Order must be received by the TrusteeDistributor. If the Trustee Distributor is not able to contact an Authorized Person, then the Order shall be accepted and processed in accordance with its terms notwithstanding any inconsistency from the terms of the telephone informationinitially given. In the event that an Order contains terms that are not complete or are illegible, 15 the Order will be deemed invalid and the Trustee Distributor will attempt to contact one of the Authorized Persons of the Authorized Participant to request retransmission of the Order.

Appears in 1 contract

Samples: Authorized Participant Agreement (Proshares Trust)

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