Instructions from Principal Clause Samples
The "Instructions from Principal" clause establishes that the agent or contractor must follow the directions provided by the principal during the course of their engagement. In practice, this means the agent is obligated to act in accordance with specific instructions regarding how to perform tasks, make decisions, or handle particular situations, unless those instructions are illegal or outside the scope of the agreement. This clause ensures that the principal retains control over the agent's actions, thereby maintaining oversight and reducing the risk of unauthorized or undesirable conduct.
Instructions from Principal. 15.1 Principal shall certify or cause to be certified to Custodian in writing the names and specimen signatures of all persons authorized to give instructions, notices, or other communications on behalf of Principal or any Investment Manager. Such certification shall remain effective until Custodian receives notice to the contrary.
15.2 Principal or authorized Investment Manager, as the case may be, may give instruction, notice, or other communication called for by this Agreement to Custodian in writing, or by telecopy, telex, telegram, or other form of electronic communication acceptable to Custodian. Unless otherwise expressly provided, all Instructions shall continue in full force and effect until canceled or superseded. Principal or Investment Manager may give and Custodian may accept oral instructions on an exception basis; provided, however, that Principal or Investment Manager shall promptly confirm any oral communications in writing or by telecopy or other means permitted hereunder. Principal will hold Custodian harmless for the failure of Principal or Investment Manager to send confirmation in writing, the failure of such confirmation to conform to the telephone instructions received or Custodian's failure to produce such confirmation at any subsequent time. Custodian may electronically record any instruction given by telephone, and any other telephone discussions with respect to the Custody Account.
15.3 All such communications shall be deemed effective upon receipt by Custodian at its address specified in Paragraph 17 of this Agreement, as amended from time to time. Custodian without liability may rely upon and act in accordance with any instruction that Custodian using ordinary care believes has been given by Principal or an Investment Manager.
15.4 Custodian may at any time request instructions from Principal and may await such instructions without incurring liability. Custodian has no obligation to act in the absence of such requested instructions, but may, however, without liability take such action as it deems appropriate to carry out the purposes of this Agreement.
Instructions from Principal. No directions, instructions or notices to be given by Principal to Agent shall be effective until received by Agent in writing; provided however, Agent may, in its sole discretion, act upon telephonic instructions or communications received other than in writing believed by Agent to be genuine. Agent shall be entitled to presume the validity and due authority of any approval, instructions, notice, authorization or communication by or on behalf of Principal.