Common use of FORM AND SECURITY PROCEDURES Clause in Contracts

FORM AND SECURITY PROCEDURES. Proper Instructions may be in writing signed by the authorized individual or individuals or may be in a tested communication or in a communication utilizing access codes effected between electro-mechanical or electronic devices or may be by such other means and utilizing such intermediary systems and utilities as may be agreed to from time to time by the Custodian and the individual or organization giving the instruction, provided that the Fund has followed any security procedures agreed to from time to time by the applicable Fund and the Custodian including, but not limited to, the security procedures selected by the Fund by reference to the form of Funds Transfer Addendum hereto, the terms of which are part of this Agreement. The Custodian may agree to accept oral instructions, and in such case oral instructions will be considered Proper Instructions if the Custodian reasonably believes them to have been given by a person authorized to provide such instructions with respect to the transaction involved. The Fund shall cause all oral instructions to be confirmed in writing, but the Fund’s failure to do so shall not affect the Custodian’s authority to rely on the oral instructions.

Appears in 1 contract

Sources: Master Custodian Agreement (Smead Funds Trust)

FORM AND SECURITY PROCEDURES. Proper Instructions may be in writing signed by the authorized individual or individuals or may be in a tested communication or in a communication utilizing access codes effected between electro-mechanical or electronic devices or may be by such other means and utilizing such intermediary systems and utilities as may be agreed to from time to time by the Custodian and the individual or organization giving the instruction, provided that the Fund has followed any security procedures agreed to from time to time by the applicable Fund and the Custodian including, but not limited to, the security procedures selected by the Fund by reference to the form of Funds Transfer Addendum hereto, the terms of which are part of this Agreement. The To the extent the above communication methods are not able to be used, the Custodian may agree to accept oral instructionsinstructions from an authorized individual or individuals, and in such case oral instructions will be considered Proper Instructions if the Custodian reasonably believes them to have been given by a person authorized to provide such instructions with respect to the transaction involvedInstructions. The Fund shall cause all oral instructions to be confirmed in writingwriting as soon as practicable, but the Fund’s failure to do so shall not affect the Custodian’s authority to rely on the oral instructions.

Appears in 1 contract

Sources: Custodian Agreement (Ohio National Fund Inc)

FORM AND SECURITY PROCEDURES. Proper Instructions Instructions, when deemed appropriate by the parties, may be in writing signed by the authorized individual or individuals or may be in a tested communication or in a communication utilizing access codes effected between electro-mechanical or electronic devices or may be by such other means and utilizing such intermediary systems and utilities as may be agreed to from time to time by the Custodian and the individual or organization giving the instruction, provided that the Fund has followed any security procedures agreed to from time to time by the applicable Fund and the Custodian including, but not limited to, the security procedures selected by the Fund by reference to the form of Funds Transfer Addendum hereto, the terms of which are part of this Agreement. The Custodian may agree to accept oral instructions, and in such case oral instructions will be considered Proper Instructions Instructions, if the Custodian reasonably believes them to have been given by a person authorized to provide such instructions with respect to the transaction involved. The Fund shall cause all oral instructions to be confirmed in writing, but the Fund’s 's failure to do so shall not affect the Custodian’s 's authority to rely on the oral instructions.

Appears in 1 contract

Sources: Master Custodian Agreement (Forum Funds)

FORM AND SECURITY PROCEDURES. Proper Instructions may be in writing signed by the authorized individual or individuals or may be in a tested communication or in a communication utilizing access codes effected between electro-mechanical or electronic devices or may be by such other means and utilizing such intermediary systems and utilities as may be agreed to from time to time by the Custodian and the individual or organization giving the instruction, provided that the Fund has followed any security procedures agreed to from time to time by the applicable Fund and the Custodian including, but not limited to, the security procedures selected by the Fund by reference to the form of Funds Transfer Addendum hereto, the terms of which are part of this Agreement. The Custodian may agree to accept oral instructions that it reasonably believes to have been given by a person authorized to give such instructions, and in such case oral instructions will be considered Proper Instructions if the Custodian reasonably believes them to have been given by a person authorized to provide such instructions with respect to the transaction involvedInstructions. The Fund shall cause all oral instructions to be confirmed in writing, but provided that the Fund’s failure to do so shall not affect impact the Custodian’s authority to rely on the such oral instructions.

Appears in 1 contract

Sources: Master Custodian Agreement (Ivy NextShares)