Liability for Instructions Clause Samples

The 'Liability for Instructions' clause defines which party is responsible for any consequences arising from following instructions provided under the agreement. Typically, this clause clarifies that if one party acts on the instructions of the other—such as processing a transaction or carrying out a service—they are not liable for any resulting loss or damage, provided they acted in good faith and within the scope of the instructions. This provision ensures that responsibility for errors or issues caused by incorrect or unauthorized instructions rests with the party issuing those instructions, thereby allocating risk and preventing disputes over accountability.
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Liability for Instructions. We will not be liable for any loss or damage suffered by you or by a third party because of any failure of or refusal by us to give effect to any Instructions or for any delay in implementing Instructions regardless of the reasons for such failure, refusal or delay, (other than our gross negligence or wilful misconduct).
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Liability for Instructions. The PAMM Investor acknowledges that he/she will remain liable for all instructions given to Raze Global Markets Ltd and/or the PAMM Manager prior to the revocation of this Agreement being effective and that he/ she will be responsible for any losses which may arise on any transactions which are open during such time. The PAMM Investor will indemnify and keep the Company indemnified in respect of any such losses.
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Liability for Instructions. 6.1. Kina will treat any instructions given to it using your User ID and Password as an instruction given by you with your authority. We are under no obligation to enquire whether an act purporting to be done using your User ID and Password is a proper act in accordance with your authority. 6.2. Kina will not be liable for any loss or damage suffered by you arising from any transactions effected in accordance with instructions given to us using your User ID and Password. 6.3. Kina will not be liable for any claims against or sustained by you arising from delays or errors in the execution of or failure to execute any instructions occasioned by fault or negligence of any other banks or financial institutions. 6.4. Kina will not be liable for or in connection with its inability to receive or process instructions as a result of technical failure for any reason.
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Liability for Instructions. We will not be liable for any Loss you incur if: (a) we act on instructions in accordance with your Account Operating Authority or a power of attorney; (b) we act on instructions that are unauthorised, forged or fraudulently given where we could not reasonably have detected that from the instructions; (c) we decline to act on instructions where we consider clause 2.11 applies; or (d) you do not comply with any relevant terms for giving instructions. Ownership of funds
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Related to Liability for Instructions

  • Trustee’s Application for Instructions from the Company Any application by the Trustee for written instructions from the Company (other than with regard to any action proposed to be taken or omitted to be taken by the Trustee that affects the rights of the Holders of the Notes under this Indenture) may, at the option of the Trustee, set forth in writing any action proposed to be taken or omitted by the Trustee under this Indenture and the date on and/or after which such action shall be taken or such omission shall be effective. The Trustee shall not be liable to the Company for any action taken by, or omission of, the Trustee in accordance with a proposal included in such application on or after the date specified in such application (which date shall not be less than three Business Days after the date any officer that the Company has indicated to the Trustee should receive such application actually receives such application, unless any such officer shall have consented in writing to any earlier date), unless, prior to taking any such action (or the effective date in the case of any omission), the Trustee shall have received written instructions in accordance with this Indenture in response to such application specifying the action to be taken or omitted.

  • REQUEST FOR INSTRUCTIONS If, in performing its duties under this Agreement, the Custodian is required to decide between alternative courses of action, the Custodian may (but shall not be obliged to) request written instructions from the Company as to the course of action desired by it. If the Custodian does not receive such instructions within two (2) Business Days after it has requested them, the Custodian may, but shall be under no duty to, take or refrain from taking any such courses of action. The Custodian shall act in accordance with instructions received from the Company in response to such request after such two-Business Day period except to the extent it has already taken, or committed itself to take, action inconsistent with such instructions.

  • PROCEDURE FOR NOTIFICATION AND APPLICATION FOR INDEMNIFICATION (a) Indemnitee agrees to notify promptly the Company in writing upon being served with any summons, citation, subpoena, complaint, indictment, information or other document relating to any Proceeding, claim, issue or matter therein which may be subject to indemnification, hold harmless or exoneration rights, or advancement of Expenses covered hereunder. The failure of Indemnitee to so notify the Company shall not relieve the Company of any obligation which it may have to Indemnitee under this Agreement, or otherwise. (b) Indemnitee may deliver to the Company a written application to indemnify, hold harmless or exonerate Indemnitee in accordance with this Agreement. Such application(s) may be delivered from time to time and at such time(s) as Indemnitee deems appropriate in his or her sole discretion. Following such a written application for indemnification by Indemnitee, Indemnitee’s entitlement to indemnification shall be determined according to Section 12(a) of this Agreement.

  • No Liability for Invalidity The Warrant Agent shall have no liability with respect to any invalidity of this Agreement or any of the Warrant Certificates (except as to the Warrant Agent’s countersignature thereon).

  • Request for Indemnification To obtain indemnification, Indemnitee shall submit to the Secretary of the Corporation a written claim or request. Such written claim or request shall contain sufficient information to reasonably inform the Corporation about the nature and extent of the indemnification or advance sought by Indemnitee. The Secretary of the Corporation shall promptly advise the Board of Directors of such request.