Common use of Confirmation of Oral Instructions Clause in Contracts

Confirmation of Oral Instructions. Security Devices. --- ---------------------------------------------------- Any Instructions delivered to Bank by telephone shall promptly thereafter be confirmed in writing by an Authorized Person. Each confirmation is to be clearly marked "Confirmation." Bank shall not be liable for having followed such Instructions notwithstanding the failure of an Authorized Person to send such confirmation in writing or the failure of such confirmation to conform to the telephone Instructions received. Bank shall notify Customer as soon as reasonably practicable if Bank does not receive a written confirmation or if such written confirmation fails to conform to the telephone Instructions received. Either party may record any of their telephonic communications. Customer shall comply with any security procedures reasonably required by Bank from time to time with respect to verification of Instructions. Customer shall be responsible for safeguarding any test keys, identification codes or other security devices that Bank shall make available to Customer or any Authorized Person.

Appears in 36 contracts

Samples: Country Sub (Vanguard Specialized Funds), Global Custody Agreement (Vanguard Chester Funds), Global Custody Agreement (Vanguard Star Funds)

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Confirmation of Oral Instructions. Security Devices. --- ---------------------------------------------------- -------------------------------------------------- Any Instructions delivered to Bank by telephone shall will promptly thereafter be confirmed in writing by an Authorized Person. Each confirmation is to be clearly marked "Confirmation." Bank shall will not be liable for having followed such Instructions notwithstanding the failure of an Authorized Person to send such confirmation in writing or the failure of such confirmation to conform to the telephone Instructions received. , provided that Bank shall have exercised reasonable care in following such Instructions. In the event of a discrepancy between Instructions and a subsequent confirmation, Bank will immediately notify Customer as soon as reasonably practicable if Bank does not receive a written confirmation or if of such written confirmation fails to conform to the telephone Instructions receiveddiscrepancy. Either party may record any of their telephonic communications. Customer shall will comply with any security procedures reasonably required by Bank from time to time with respect to verification of Instructions. Customer shall will be responsible for safeguarding any test keys, identification codes or other security devices that Bank shall will make available to Customer or any Authorized Person.

Appears in 3 contracts

Samples: Global Custody Agreement (Oppenheimer Variable Account Funds), Global Custody Agreement (Oppenheimer Principal Protected Trust), Global Custody Agreement (Oppenheimer Principal Protected Trust Ii)

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Confirmation of Oral Instructions. Security Devices. --- ---------------------------------------------------- Any Instructions delivered to Bank by telephone shall will promptly thereafter be confirmed in writing by an Authorized Person. Each confirmation is to be clearly marked "Confirmation." Bank shall will not be liable for having followed such telephonic Instructions notwithstanding the failure of an Authorized Person to send such confirmation in writing or the failure of such confirmation to conform to the telephone Instructions received. , provided that Bank shall have exercised reasonable care in following such Instructions. In the event of a discrepancy between Instructions and a subsequent confirmation, Bank will promptly notify Customer as soon as reasonably practicable if Bank does not receive a written confirmation or if of such written confirmation fails to conform to the telephone Instructions receiveddiscrepancy. Either party may record any of their telephonic communications. Customer shall will comply with any security procedures reasonably required by Bank from time to time with respect to verification of Instructions. Customer shall will be responsible for safeguarding any test keys, identification codes or other security devices that Bank shall will make available to Customer or any Authorized Person.

Appears in 1 contract

Samples: Global Custody Agreement (Oppenheimer Quest Value Fund Inc)

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