Common use of Electronic Instructions Clause in Contracts

Electronic Instructions. Either party shall be entitled to rely upon facsimile or email instructions (“Electronic Instructions”) received from the other party or reasonably believed to be received from the other party or such persons as each party may from time to time nominate to send Electronic Instructions. (a) Each party may decline to act on Electronic Instructions unless such instructions are sent from the email address designated by the other party or the facsimile number designated by the other party and the facsimile which has been transmitted bears the other party’s authorized signature or the authorized signature of the party’s nominee. Neither party shall have any obligation to check or verify the authenticity or accuracy of such instructions purporting to have been sent by the other party; (b) In acting on the Electronic Instructions, the Dealer shall be deemed to have acted properly notwithstanding that the instructions may have been sent fraudulently or by error. The Client shall be bound by any instructions on which the Dealer and or any party instructed by the Dealer in accordance with such Electronic Instructions acted, if the Dealer acted in good faith on the belief that the instructions were sent by the Client; (c) The Client consents to release the Dealer from and indemnify the Dealer against all claims, losses, damages and expenses however arising in connection with the Dealer having acted in accordance with the whole or part of the Electronic Instructions.

Electronic Instructions. Either party shall be entitled to rely upon facsimile or email instructions (“Electronic Instructions”) received from the other party or reasonably believed to be received from the other party or such persons as each party may from time to time nominate to send Electronic Instructions. (a) a. Each party may decline to act on Electronic Instructions unless such instructions are sent from the email address designated by the other party or the facsimile number designated by the other party and the facsimile which has been transmitted bears the other party’s authorized signature or the authorized signature of the party’s nominee. Neither party shall have any obligation to check or verify the authenticity or accuracy of such instructions purporting to have been sent by the other party; (b) b. In acting on the Electronic Instructions, the Dealer shall be deemed to have acted properly notwithstanding that the instructions may have been sent fraudulently or by error. The Client shall be bound by any instructions on which the Dealer and or any party instructed by the Dealer in accordance with such Electronic Instructions acted, if the Dealer acted in good faith on the belief that the instructions were sent by the Client; (c) c. The Client consents to release the Dealer from and indemnify the Dealer against all claims, losses, damages and expenses however arising in connection with the Dealer having acted in accordance with the whole or part of the Electronic Instructions.

Electronic Instructions. Either party shall be entitled to rely upon facsimile or email instructions (“Electronic Instructions”) received from the other party or reasonably believed to be received from the other party or such persons as each party may from time to time nominate to send Electronic Instructions. (a) a. Each party may decline to act on Electronic Instructions unless such instructions are sent from the email address designated by the other party or the facsimile number designated by the other party and the facsimile which has been transmitted bears the other party’s authorized signature or the authorized signature of the party’s nominee. Neither party shall have any obligation to check or verify the authenticity or accuracy of such instructions purporting to have been sent by the other party; (b) b. In acting on the Electronic Instructions, the Dealer shall be deemed to have acted properly notwithstanding that the instructions may have been sent fraudulently or by error. The Client shall be bound by any instructions on which the Dealer and or any party instructed by the Dealer in accordance with such Electronic Instructions acted, if the Dealer acted in good faith on the belief that the instructions were sent by the Client; (c) The Client consents to release the Dealer from and indemnify the Dealer against all claims, losses, damages and expenses however arising in connection with the Dealer having acted in accordance with the whole or part of the Electronic Instructions.

Electronic Instructions. Either party shall be entitled to rely upon facsimile or email instructions (““ Electronic Instructions”) received from the other party or reasonably believed to be received from the other party or such persons as each party may from time to time nominate to send Electronic Instructions. (a) a. Each party may decline to act on Electronic Instructions unless such instructions are sent from the email address designated by the other party or the facsimile number designated by the other party and the facsimile which has been transmitted bears the other party’s authorized signature or the authorized signature of the party’s nominee. Neither party shall have any obligation to check or verify the authenticity or accuracy of such instructions purporting to have been sent by the other party; (b) b. In acting on the Electronic Instructions, the Dealer shall be deemed to have acted properly notwithstanding that the instructions may have been sent fraudulently or by error. The Client shall be bound by any instructions on which the Dealer and or any party instructed by the Dealer in accordance with such Electronic Instructions acted, if the Dealer acted in good faith on the belief that the instructions were sent by the Client; (c) c. The Client consents to release the Dealer from and indemnify the Dealer against all claims, losses, damages and expenses however arising in connection with the Dealer having acted in accordance with the whole or part of the Electronic Instructions.