Common use of Authorised Instructions Clause in Contracts

Authorised Instructions. 6.1 ▇▇▇ may restate, rely and act only upon any Authorised Instructions. Authorised Instructions shall continue in full force and effect until cancelled or superseded; provided that any Authorised Instruction cancelling or superseding a prior Authorised Instruction must be received by ▇▇▇ at a time and in a manner that accords ▇▇▇ a reasonable opportunity to act upon such Authorised Instruction. ▇▇▇ shall be entitled to rely upon the continued authority of any Authorised Person to give Authorised Instructions until ▇▇▇ receives notice from the Client to the contrary. 6.2 ▇▇▇ shall not be liable for the execution of instructions which ▇▇▇ has accepted in good faith as being Authorised Instructions, provided that ▇▇▇ has made reasonable inquiries regarding the completion, correctness and accuracy of such Authorised Instructions 6.3 If any Authorised Instructions are unclear or ambiguous, ▇▇▇ may act upon what it believes in good faith such Authorised Instructions to be or refuse to execute such Authorised Instructions until any ambiguity or conflict has been resolved to the satisfaction of ▇▇▇. In the event that ▇▇▇ requires a clarification or confirmation from the Client in respect of an Authorised Instruction, it shall notify the Client forthwith of such requirement. ▇▇▇ may refuse to execute Authorised Instructions if in ▇▇▇’s reasonable opinion they are contrary to the Applicable Laws. 6.4 ▇▇▇ shall not be liable for any loss arising from any reasonable delay whilst seeking clarification or confirmation or refusing to execute such Authorised Instructions in the absence of clarification or confirmation in its satisfaction.