Common use of BIDS and BIDS Worldview Payment Products Clause in Contracts

BIDS and BIDS Worldview Payment Products. BIDS and BIDS Worldview Payment Products, are on-line payment order authorization facilities with built-in authentication procedures. The Custodian and the Fund shall each be responsible for maintaining the confidentiality of passwords or other codes to be used by them in connection with BIDS. The Custodian will act on instructions received through BIDS without duty of further confirmation unless the Fund notifies the Custodian that its password is not secure.

Appears in 7 contracts

Samples: Custodian Agreement (PowerShares India Exchange-Traded Fund Trust), Custodian Agreement (Alger Institutional Funds), Custodian Agreement (Alger China-Us Growth Fund)

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BIDS and BIDS Worldview Payment Products. BIDS and BIDS Worldview Payment Products, are on-line payment order authorization facilities with built-in authentication procedures. The Custodian and the Fund shall each be responsible for maintaining the confidentiality of passwords or other codes to be used by them in connection with BIDS. The Custodian will act on instructions received through though BIDS without duty of further confirmation unless the Fund notifies the Custodian that its password is not secure.. [ ]

Appears in 1 contract

Samples: Form of Custodian Agreement (Javelin Exchange-Traded Trust)

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