Common use of FUND DESIGNATED SECURED Clause in Contracts

FUND DESIGNATED SECURED. Transmission Method. Instructions may be transmitted through a secured or tested electro-mechanical means identified by the Fund or by an Authorized Person entitled to give Instruction and acknowledged and accepted by the Custodian; it being understood that such acknowledgment shall authorize the Custodian to receive and process such means of delivery but shall not represent a judgment by the Custodian as to the reasonableness or security of the method determined by the Authorized Person.

FUND DESIGNATED SECURED. Transmission Method. Instructions may be transmitted through a secured or tested electro-mechanical means identified by the Fund or by an Authorized Person entitled to give Instruction and acknowledged and accepted by the Custodian; , it being understood that such acknowledgment shall authorize the Custodian to receive and process accept such means of delivery but shall not represent a judgment by the Custodian as to the reasonableness or security of the method determined means utilized by the Authorized Person.