Common use of On-Line Systems Clause in Contracts

On-Line Systems. If an Authorized Party elects to transmit Written Instructions through an on-line communication system offered by the Custodian or an Affiliate of the Custodian, the use thereof shall be subject to any terms and conditions contained in a separate agreement. If the Depositary or an Authorized Party elects, with the Custodian’s prior consent, to transmit Written Instructions through an on-line communications service owned or operated by a third party, the Depositary agrees that the Custodian shall not be responsible or liable for the reliability or availability of any such service.