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; 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, 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, Practice or the Custodian’s standard operating procedures; oror Information Classification: Limited Access 22.6.4 the Custodian has not been given a reasonable time period to affect effect the instruction. In these circumstances, the Custodian will promptly seek authentication, clarification, correction, correction or amendment of any Proper Instruction, as the case may be.