Common use of Cancellation of Payment Orders Clause in Contracts

Cancellation of Payment Orders. The Fund may cancel a payment order but the Custodian shall have no liability for the Custodian’s failure to act on a cancellation instruction unless the Custodian has received such cancellation instruction at a time and in a manner affording the Custodian reasonable opportunity to act prior to the Custodian’s execution of the order. Any cancellation shall be sent and confirmed in the manner set forth in Paragraph 2 above.

Appears in 43 contracts

Samples: Custodian Agreement (Alger China-Us Growth Fund), Custodian Agreement (PowerShares India Exchange-Traded Fund Trust), Custodian Services Agreement (Consulting Group Capital Markets Funds)

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Cancellation of Payment Orders. The Fund may cancel a payment order but the Custodian shall have no liability for the Custodian’s 's failure to act on a cancellation instruction unless the Custodian has received such cancellation instruction at a time and in a manner affording the Custodian reasonable opportunity to act prior to the Custodian’s 's execution of the order. Any cancellation shall be sent and confirmed in the manner set forth in Paragraph 2 above.

Appears in 18 contracts

Samples: Custody Agreement (Pilgrim Advisory Funds Inc), Form of Custodian Agreement (Aetna Series Fund Inc), Custodian Agreement (Touchstone Tax Free Trust)

Cancellation of Payment Orders. The Fund or the General Partner may cancel a payment order but the Custodian shall have no liability for the Custodian’s failure to act on a cancellation instruction unless the Custodian has received such cancellation instruction at a time and in a manner affording the Custodian reasonable opportunity to act prior to the Custodian’s execution of the order. Any cancellation shall be sent and confirmed in the manner set forth in Paragraph 2 above.

Appears in 14 contracts

Samples: Custodian Agreement (United States Gasoline Fund, LP), Custodian Agreement (United States Oil Fund, LP), Custodian Agreement (United States Short Oil Fund, LP)

Cancellation of Payment Orders. The Fund Trust may cancel a payment order but the Custodian shall have no liability for the Custodian’s failure to act on a cancellation instruction unless the Custodian has received such cancellation instruction at a time and in a manner affording the Custodian reasonable opportunity to act prior to the Custodian’s execution of the order. Any cancellation shall be sent and confirmed in the manner set forth in Paragraph 2 above.

Appears in 7 contracts

Samples: Custodian Agreement (Burnham Investors Trust), Agreement (Adviser Managed Trust), Custodian Agreement (Sei Institutional Managed Trust)

Cancellation of Payment Orders. The Fund Funds may cancel a payment order but the Custodian shall have no liability for the Custodian’s 's failure to act on a cancellation instruction unless the Custodian has received such cancellation instruction at a time and in a manner affording the Custodian reasonable opportunity to act prior to the Custodian’s 's execution of the order. Any cancellation shall be sent and confirmed in the manner set forth in Paragraph 2 above.

Appears in 3 contracts

Samples: Custodian Agreement (Touchstone Investment Trust), Custodian Agreement (Touchstone Strategic Trust), Custodian Agreement (Touchstone Variable Series Trust)

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Cancellation of Payment Orders. The Fund may cancel a payment order but ------------------------------ the Custodian shall have no liability for the Custodian’s 's failure to act on a cancellation instruction unless the Custodian has received such cancellation instruction at a time and in a manner affording the Custodian reasonable opportunity to act prior to the Custodian’s 's execution of the order. Any cancellation shall be sent and confirmed in the manner set forth in Paragraph 2 above.

Appears in 1 contract

Samples: Form of Custodian Agreement (Lexington Emerging Markets Fund Inc)

Cancellation of Payment Orders. The Fund Trust or Authorized Person may cancel a payment order but the Custodian shall have no liability for the Custodian’s failure to act on a cancellation instruction unless the Custodian has received such cancellation instruction at a time and in a manner affording the Custodian reasonable opportunity to act prior to the Custodian’s execution of the order. Any cancellation shall be sent and confirmed in the manner set forth in Paragraph 2 above.

Appears in 1 contract

Samples: Custodian Agreement (Ameristock ETF Trust)

Cancellation of Payment Orders. The Fund Trust or Authorized Person may cancel a payment order but the Custodian shall have no liability for the Custodian’s 's failure to act on a cancellation instruction unless the Custodian has received such cancellation instruction at a time and in a manner affording the Custodian reasonable opportunity to act prior to the Custodian’s 's execution of the order. Any cancellation shall be sent and confirmed in the manner set forth in Paragraph 2 above.

Appears in 1 contract

Samples: Custodian Agreement (Ameristock ETF Trust)

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