Common use of Ambiguous Instructions Clause in Contracts

Ambiguous Instructions. If any Creation or Redemption Order 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 Administrative Agent 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 Administrative Agent, as the case may be, not later than within fifteen (15) minutes of such contact with the Authorized Person. If the Administrative Agent 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 illegible, the Order will be deemed invalid and the Administrative Agent will attempt to contact one of the Authorized Persons of the Authorized Participant to request retransmission of the Order. A corrected Order must be received by the Administrative Agent not later than within fifteen (15) minutes of such contact with the Authorized Person. The Administrative Agent will incur no liabilities under this Section 19.

Appears in 6 contracts

Samples: Macroshares Participants Agreement (MacroShares $100 Oil Up Trust), Macroshares Participants Agreement (MacroShares $100 Oil Down Trust), MacroShares $100 Oil Down Trust

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Ambiguous Instructions. If any Creation Creation, Redemption or Redemption Exchange 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 Administrative Agent 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 Administrative Agent, as the case may be, not later than within fifteen (15) minutes of such contact with the Authorized Person. If the Administrative Agent 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 illegible, the Order will be deemed invalid and the Administrative Agent will attempt to contact one of the Authorized Persons of the each Authorized Participant to request retransmission of the Order. A corrected Order must be received by the Administrative Agent not later than within fifteen (15) minutes of such contact with the Authorized Person. The Administrative Agent will incur no liabilities under this Section 1920.

Appears in 5 contracts

Samples: Participants Agreement (MACRO Securities Depositor, LLC), Participants Agreement (MACRO Securities Depositor, LLC), Participants Agreement (MACROshares Oil Up Holding Trust)

Ambiguous Instructions. If any Creation or Redemption an 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 numberOrder Number, the Administrative Transfer Agent will attempt to contact one of the Authorized Persons Representatives of the Authorized Participant to request confirmation of the terms of the Order. If an Authorized Person Representative confirms the terms as they appear in the Order, then the Order will shall be accepted and processed. If an Authorized Person Representative contradicts the Order terms, the Order will shall be deemed invalid, and a corrected Order must be received by the Administrative Agent, as the case may be, Transfer Agent not later than the earlier of: (a) within fifteen (15) 15 minutes of such contact with the Authorized PersonRepresentative; or (b) 45 minutes after the Order Cut-Off Time. If the Administrative Transfer Agent is not able to contact an Authorized PersonRepresentative, then the Order shall be accepted and processed in accordance with its terms notwithstanding any inconsistency from with the terms of the telephone information. In the event that an Order contains terms that are illegible, the Order will shall be deemed invalid and the Administrative Transfer Agent will attempt to contact one of the Authorized Persons Representatives of the Authorized Participant to request retransmission of the Order. A corrected Order must be received by the Administrative Transfer Agent not later than the earlier of (i) within fifteen (15) 15 minutes of such contact with the Authorized Person. The Administrative Agent will incur no liabilities under this Section 19Representative or (ii) 45 minutes after the Order Cut-Off Time, as the case may be.

Appears in 3 contracts

Samples: Authorized Participant Agreement (AccuShares Commodities Trust I), Authorized Participant Agreement (AccuShares Commodities Trust I), Authorized Participant Agreement (AccuShares Commodities Trust I)

Ambiguous Instructions. If any Creation or Redemption an 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 Administrative Agent 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 Administrative Agent, as the case may be, not later than within fifteen (15) minutes of such contact with the Authorized Person. If the Administrative Agent 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 illegible, the Order will be deemed invalid and the Administrative Agent will attempt to contact one of the Authorized Persons of the each Authorized Participant to request retransmission of the Order. A corrected Order must be received by the Administrative Agent not later than within fifteen (15) minutes of such contact with the Authorized Person. The Administrative Agent will incur no liabilities under this Section 1920.

Appears in 2 contracts

Samples: Participants Agreement (MACRO Securities Depositor, LLC), Participants Agreement (MACRO Securities Depositor, LLC)

Ambiguous Instructions. If any Creation or 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 Administrative Agent 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 Administrative Agent, as the case may be, not later than within fifteen (15) minutes of such contact with the Authorized Person. If the Administrative Agent 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 illegible, the Order will be deemed invalid and the Administrative Agent will attempt to contact one of the Authorized Persons of the Authorized Participant to request retransmission of the Order. A corrected Order must be received by the Administrative Agent not later than within fifteen (15) minutes of such contact with the Authorized Person. The Administrative Agent will incur no liabilities under this Section 19. Section 20.

Appears in 1 contract

Samples: Macroshares Participants Agreement (MacroShares $100 Oil Up Trust)

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Ambiguous Instructions. If any Creation or Redemption Order 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 Administrative Agent 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 Administrative Agent, as the case may be, not later than within fifteen (15) minutes of such contact with the Authorized Person. If the Administrative Agent 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 illegible, the Order will be deemed invalid and the Administrative Agent will attempt to contact one of the Authorized Persons of the Authorized Participant to request retransmission of the Order. A corrected Order must be received by the Administrative Agent not later than within fifteen (15) minutes of such contact with the Authorized Person. The Administrative Agent will incur no liabilities under this Section 1918.

Appears in 1 contract

Samples: MacroShares Housing Depositor, LLC

Ambiguous Instructions. If any Creation or Redemption an 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 Administrative Agent 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 Administrative Agent, as the case may be, not later than within fifteen (15) minutes of such contact with the Authorized Person. If the Administrative Agent 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 illegible, the Order will be deemed invalid and the Administrative Agent will attempt to contact one of the Authorized Persons of the each Authorized Participant to request retransmission of the Order. A corrected Order must be received by the Administrative Agent not later than within fifteen (15) minutes of such contact with the Authorized Person. The Administrative Agent will incur no liabilities under this Section 19.

Appears in 1 contract

Samples: Participants Agreement (MACRO Securities Depositor, LLC)

Ambiguous Instructions. If any Creation or Redemption Order 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 Administrative Agent 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 Administrative Agent, as the case may be, not later than within fifteen (15) minutes of such contact with the Authorized Person. If the Administrative Agent 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 illegible, the Order will be deemed invalid and the Administrative Agent will attempt to contact one of the Authorized Persons of the Authorized Participant to request retransmission of the Order. A corrected Order must be received by the Administrative Agent not later than within fifteen (15) minutes of such contact with the Authorized Person. The Administrative Agent will incur no liabilities under this Section 19.18. 18

Appears in 1 contract

Samples: MacroShares Major Metro Housing Up Trust

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