Decline/Delay in Processing Sample Clauses
The Decline/Delay in Processing clause outlines the circumstances under which a party may refuse or postpone the handling of a request, application, or transaction. Typically, this clause specifies the reasons for which processing may be delayed or declined, such as incomplete documentation, failure to meet eligibility criteria, or the need for additional verification. By clearly defining these conditions, the clause helps manage expectations, reduces disputes, and ensures that both parties understand the legitimate grounds for any interruptions or refusals in processing.
Decline/Delay in Processing. The Custodian reserves the right to decline to process or delay the processing of any purported Proper Instruction where:
22.6.1 the Custodian, in good faith, determines that the instruction may not have been properly authorized;
22.6.2 the instruction is inaccurate, incomplete or unclear;
22.6.3 the instruction conflicts with the terms of this Agreement or any Law applicable to either Party, Local Market Practice or the Custodian’s standard operating procedures; or
22.6.4 the Custodian has not been given a reasonable time period to effect the instruction. In these circumstances, the Custodian will promptly seek authentication, clarification, correction or amendment of any Proper Instruction, as the case may be.
Decline/Delay in Processing. The Custodian reserves the right to decline to process or delay the processing of any purported Proper Instruction where:
22.6.1 the Custodian, in good faith, determines that the instruction may not have been properly authorized;
22.6.2 the instruction is inaccurate, incomplete or unclear; Information Classification: Limited Access
22.6.3 the instruction conflicts with the terms of this Agreement or any Law applicable to either Party, Local Market Practice or the Custodian’s standard operating procedures; or
22.6.4 the Custodian has not been given a reasonable time period to effect the instruction. In these circumstances, the Custodian will promptly seek authentication, clarification, correction or amendment of any Proper Instruction, as the case may be.
Decline/Delay in Processing. The Custodian reserves the right to decline to process or delay the processing of any purported Proper Instruction where:
22.6.1 the Custodian, in good faith, determines that the instruction may not have been properly authorized;
22.6.2 the instruction is inaccurate, incomplete, or unclear;
22.6.3 the instruction conflicts with the terms of this Agreement or any Law applicable to either Party, Local Market Practice, or the Custodian’s standard operating procedures; or
22.6.4 the Custodian has not been given a reasonable time period to affect the instruction. In these circumstances, the Custodian will promptly seek authentication, clarification, correction, or amendment of any Proper Instruction, as the case may be.
Decline/Delay in Processing. The Custodian reserves the right to decline to process or delay the processing of any purported Proper Instruction where:
22.6.1 the Custodian, in good faith, determines that the instruction may not have been properly authorized;
22.6.2 the instruction is inaccurate, incomplete or unclear;
22.6.3 the instruction conflicts with the terms of this Agreement or any Law applicable to either Party, Local Market Practice or the Custodian’s standard operating procedures; or
22.6.4 the Custodian has not been given a reasonable time period to effect the instruction. Information Classification: Limited Access 15 GCA.US40ACT.20240823 In these circumstances, the Custodian will promptly seek authentication, clarification, correction or amendment of any Proper Instruction, as the case may be.
Decline/Delay in Processing. State Street reserves the right to decline to process or delay the processing of any purported Proper Instruction where:
7.6.1 State Street, in good faith, determines that the instruction may not have been properly authorized;
7.6.2 the instruction is inaccurate, incomplete or unclear;
7.6.3 the instruction conflicts with the terms of this Agreement or any Law applicable to either Party, Local Market Practice or State Street’s standard operating procedures; or
7.6.4 State Street has not been given a reasonable time period to effect the instruction. Information Classification: Limited Access In these circumstances, State Street will promptly seek authentication, clarification, correction or amendment of any Proper Instruction, as the case may be.
Decline/Delay in Processing. The Custodian reserves the right to decline to process or delay the processing of any purported Proper Instruction where:
22.6.1 the Custodian, in good faith, determines that the instruction may not have been properly authorized;
22.6.2 the instruction is inaccurate, incomplete or unclear;