Common use of Decline/Delay in Processing Clause in Contracts

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.

Appears in 1 contract

Sources: Custody Agreement (Apollo S3 Private Markets Fund)

Decline/Delay in Processing. The Custodian reserves the right to decline to process or delay the processing of any purported Proper Instruction where:: Information Classification: Limited Access 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.

Appears in 1 contract

Sources: Custody Agreement (Elevation Series Trust)

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; oror Information Classification: Limited Access 15 GCA.US40ACT.20240823 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.

Appears in 1 contract

Sources: Custody Agreement (PennantPark Enhanced Income Fund)

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; oror Information Classification: Limited Access 15 GCA.US40ACT.20210617 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.

Appears in 1 contract

Sources: Custody Agreement (HarbourVest Private Investments Fund)

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 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, or Local Market Practice or the Custodian’s standard operating proceduresprocedures as communicated to the Client; 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.

Appears in 1 contract

Sources: Custody Agreement (Calamos Aksia Private Equity & Alternatives Fund)