Common use of Conflicting Advice Clause in Contracts

Conflicting Advice. In the event of a conflict between directions, advice or Oral or Written Instructions PNC Bank receives from the Fund, and the advice it receives from counsel, PNC Bank shall be entitled to rely upon and follow the advice of counsel.

Appears in 28 contracts

Sources: Custodian Services Agreement (Concert Investment Series), Custodian Services Agreement (Warburg Pincus Small Co Growth Fund Inc), Custodian Services Agreement (Smith Barney Shearson New Jersey Municipals Fund Inc)

Conflicting Advice. In the event of a conflict between directions, advice or Oral Instructions or Written Instructions PNC Bank receives from the Fund, and the advice it receives from counsel, PNC Bank shall be entitled to rely upon and follow the advice of counsel.

Appears in 4 contracts

Sources: Credit Agreement (Nicholas Applegate Fund Inc), Custodian Services Agreement (Chartwell Dividend & Income Fund Inc), Custodian Services Agreement (American Skandia Master Trust)

Conflicting Advice. In the event of a conflict between directions, directions or advice or Oral Instructions or Written Instructions PNC Bank receives from the Fund, and the advice it receives from counsel, PNC Bank shall be entitled to may rely upon and follow the advice of counsel, unless such advice materially conflicts with the advice given by the Fund’s Counsel as to a legal requirement under the Securities Laws. If practical under the circumstance, PNC shall notify the Fund prior to taking or not taking any action as a result of such conflicting advice.

Appears in 2 contracts

Sources: Accounting Services Agreement (Meridian Fund Inc), Shareholder Services Agreement (Meridian Fund Inc)

Conflicting Advice. In the event of a conflict between directions, advice or Oral or Written Instructions PNC Bank receives from the Fund, and the written advice it receives from counsel, PNC Bank shall be entitled to rely upon and follow the such advice of counselcounsel after notice to the Fund.

Appears in 2 contracts

Sources: Custodian Services Agreement (Pacific Horizon Funds Inc), Custodian Services Agreement (Master Investment Trust Series I)

Conflicting Advice. In the event of a conflict between directions, ------------------ advice or Oral or Written Instructions PNC Bank receives from the Fund, and the advice it receives from counsel, PNC Bank shall be entitled to rely upon and follow the advice of counsel.

Appears in 2 contracts

Sources: Custodian Services Agreement (Travelers Corp Loan Fund Inc), Custodian Services Agreement (Centurion Funds Inc)

Conflicting Advice. In the event of a conflict between directions, advice or Oral or Written Instructions PNC Bank receives from the Fund, and the written advice it receives from counsel, PNC Bank shall be entitled to rely upon and follow the such advice of counselcounsel after notice to the Fund.

Appears in 1 contract

Sources: Custodian Services Agreement (Time Horizon Funds)