Processing of Instructions Sample Clauses
Processing of Instructions. The Bank shall be entitled to consider any instructions and communication received via the Electronic Services to be issued by the Authorised User, authorised by the Professional and to be at the Client’s initiative. Instructions may be inspected and checked by the Bank before execution. The Bank reserves the right to: (a) suspend the execution of any instruction (including where the Account to be debited following the instructions does not have sufficient available funds) and request confirmation for any instruction transmitted via the Electronic Services; and (b) ask for additional information before executing instructions.
Processing of Instructions. 6.1 The Customer can issue Purchase Instructions by submitting a Subscription Form(s) in person or by mail to the Bank’s address provided on the Citi Website, or to any other address which the Bank shall from time to time notify the Customer, in writing. The Bank does not accept Subscription Form(s) by email or facsimile.
6.2 The Customer can issue a Sale Instructions by submitting a Redemption Form in person, by mail or facsimile to the Bank’s address and/or facsimile number provided on the Citi Website or to any other address or facsimile number which the Bank shall from time to time notify the Customer, in writing. The Bank does not accept Redemption Forms by email.
6.3 Upon receipt of an Instruction, the Bank shall call the Customer to obtain a verbal confirmation on a recorded line, before executing the Instruction and that the Customer fully understands the terms and conditions related thereto. Upon receipt of the verbal confirmation from the Customer, the Bank may proceed with executing the Instructions in accordance with these Terms. If the Customer has not received a call from the Bank for a verbal confirmation on the Instruction(s), the Instruction may have not been received by the Bank, and accordingly, may have not been executed.
6.4 Once a verbal confirmation has been received by the Bank, subject to these Terms the Instruction will be executed by the Bank.
6.5 Without prejudice to the generality of the foregoing, the Bank (a) shall use its best efforts to execute all Instructions in accordance with these Terms and the Bank shall not be liable to the Customer for any Loss by doing so; and (b) shall be under no obligation to investigate the authenticity or authority of persons effecting the Instructions. Accordingly, the Bank may treat the Instructions as valid and binding Instructions of the Customer notwithstanding any error, fraud, or lack of clarity in the terms of such Instructions. Any risk of misunderstanding, error or Loss resulting from the use of the Services are entirely at the risk of the Customer and the Bank shall not be liable therefor.
6.6 If the Customer wishes to change or cancel an Instruction, the Customer must do so in sufficient time to enable the Bank to receive and act upon such request and before the Bank has made arrangements for processing the original Instruction.
6.7 The Bank reserves the right to reject any Instructions, funds transfer orders, payment orders, or requests for changes or cancellations if, in the Bank...
Processing of Instructions. Save in the case of specific circumstances as dealt with in Clause 5.4, 5.5 (cases where the Bank may or shall refrain from acting), 6 (sufficient funds) or 7 (confirmation from the Bank), Instructions initiated during Business Hours shall be executed by the Bank within 3 Business Days (and as of 1 January 2012 within 1 Business Day). For Instructions initiated during non- Business Hours, this delay will start on the next Business Day.
Processing of Instructions. The last sentence in Paragraph 1 of Section II of the Agreement is deleted and replaced with the following three new sentences: "With respect to processing of Instructions received by the Close of Trading on a Business Day, the Trust Entity shall transmit such Instructions to the Fund Agent through Fund/SERV and DCC&S by 9:30 a.m. Eastern Time on the next Business Day. The Fund Agent hereby appoints the Trust Entity as limited purpose agent with respect to orders for the purchase and redemption of shares of the Funds held by the Client-shareholders, and the Trust Entity accepts such appointment, on the terms set forth herein. The Trust Entity may utilize the services of one or more of its affiliates, including without limitation RSI, MFS Fund Distributors, Inc. and MFS Service Center, Inc., in performing its obligations hereunder."