Common use of Reliance on Certificates and Instructions Clause in Contracts

Reliance on Certificates and Instructions. The Bank shall be entitled to rely upon any Written Instructions or Oral Instructions actually received by the Bank pursuant to the applicable Sections of this Agreement and reasonably believed by the Bank to be genuine and to be given by an Authorized Person. The Fund agrees to forward to the Bank Written Instructions from an Authorized Person confirming such Oral Instructions in such manner so that such Written Instructions are received by the Bank, whether by hand delivery, telex, or otherwise, by the close of business on the same day that such Oral Instructions are given to the Bank. The Fund agrees that the fact that such confirming instructions are not received by the Bank shall in no way affect the validity for the transactions or enforceability of the transactions hereby authorized by the Fund. The Fund agrees that the Bank shall incur no liability to the Fund in acting upon Oral Instructions given to the Bank hereunder concerning such transactions provided such instructions reasonably appear to have been received from a duly Authorized Person.

Appears in 8 contracts

Samples: Custody Agreement (First Pacific Mutual Fund Inc /Hi/), Custody Agreement (Bb&t Funds /), Custody Agreement (Parkstone Advantage Fund)

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Reliance on Certificates and Instructions. The Bank shall be entitled to rely upon any Written Instructions or Oral Instructions actually received by the Bank pursuant to the applicable Sections of this Agreement and reasonably believed by the Bank to be genuine and to be given by an Authorized Person. The Fund Trust agrees to forward to the Bank Written Instructions from an Authorized Person confirming such Oral Instructions in such manner so that such Written Instructions are received by the Bank, whether by hand delivery, telex, or otherwise, by the close of business on the same day that such Oral Instructions are given to the Bank. The Fund Trust agrees that the fact that if such confirming instructions are not received by the Bank that it shall in no way affect the validity for the transactions or enforceability of the transactions hereby authorized by the FundTrust. The Fund Trust agrees that the Bank shall incur no liability to the Fund Trust in acting upon Oral Instructions given to the Bank hereunder concerning such transactions provided such instructions reasonably appear to have been received from a duly Authorized Person.

Appears in 7 contracts

Samples: Agreement (Questar Funds Inc), Fund Custody Agreement (Coventry Group), Agreement (Islamia Group of Funds)

Reliance on Certificates and Instructions. The Bank Custodian shall be entitled to rely upon any Written Instructions or Oral Instructions actually received by the Bank Custodian pursuant to the applicable Sections of this Agreement and reasonably believed by the Bank Custodian to be genuine and to be given by an Authorized Person. The Fund agrees to forward to the Bank Custodian Written Instructions from an Authorized Person confirming such Oral Instructions in such manner so that such Written Instructions are received by the BankCustodian, whether by hand delivery, telex, or otherwise, by the close of business on the same day that such Oral Instructions are given to the BankCustodian. The Fund agrees that the fact that such confirming instructions instruction are not received by the Bank Custodian shall in no way affect the validity for of the transactions or enforceability of the transactions hereby authorized by the Fund. The Fund agrees that the Bank Custodian shall incur no liability to the Fund in acting upon Oral Instructions given to the Bank Custodian hereunder concerning such transactions transactions, provided that such instructions reasonably appear to have been received from a duly Authorized Person.

Appears in 2 contracts

Samples: Custodian Agreement (Integrity Small Cap Fund of Funds Inc), Custodian Agreement (Integrity Small Cap Fund of Funds Inc)

Reliance on Certificates and Instructions. The Bank Custodian shall be entitled to rely upon any Written Instructions or Oral Instructions actually received by the Bank Custodian pursuant to the applicable Sections of this Agreement and reasonably believed by the Bank Custodian to be genuine and to be given by an Authorized Person. The Fund agrees to forward to the Bank Custodian Written Instructions from an Authorized Person confirming such Oral Instructions in such manner so that such Written Instructions are received by the BankCustodian, whether by hand delivery, telex, or otherwise, by the close of business on the same day that such Oral Instructions are given to the BankCustodian. The Fund agrees that the fact that such confirming instructions are not received by the Bank Custodian shall in no way affect the validity for of the transactions or enforceability of the transactions hereby authorized by the Fund. The Fund agrees that the Bank Custodian shall incur no liability to the Fund in acting upon Oral Instructions given to the Bank Custodian hereunder concerning such transactions transactions, provided that such instructions reasonably appear to have been received from a duly Authorized Person.

Appears in 2 contracts

Samples: Form of Custodian Agreement (Integrity Fund of Funds Inc), Form of Custodian Agreement (Montana Tax Free Fund Inc)

Reliance on Certificates and Instructions. The Bank shall be entitled to rely upon any Written Instructions or Oral Instructions actually received by the Bank pursuant to the applicable Sections of this Agreement and reasonably believed by the Bank to be genuine and to be given by an Authorized Person. The Fund agrees to forward to the Bank Written Instructions from an Authorized Person confirming such Oral Instructions in such manner so that such Written Instructions are received by the Bank, whether by hand delivery, telex, or otherwise, by the close of business on the same day that such Oral Instructions are given to the Bank. The Fund agrees that the fact that such confirming instructions are not received by the Bank shall in no way affect the validity for the transactions or enforceability of the transactions hereby authorized by the Fund. The Fund agrees that the Bank shall incur no liability to the Fund in acting upon Oral Instructions given to the Bank hereunder concerning such 14 transactions provided such instructions reasonably appear to have been received from a duly Authorized Person.

Appears in 1 contract

Samples: Amsouth Mutual Funds

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Reliance on Certificates and Instructions. The Bank shall ---------------------------------------------------- be entitled to rely upon any Written Instructions or Oral Instructions actually received by the Bank pursuant to the applicable Sections of this Agreement and reasonably believed by the Bank to be genuine and to be given by an Authorized Person. The Fund agrees to forward to the Bank Written Instructions from an Authorized Person confirming such Oral Instructions in such manner so that such Written Instructions are received by the Bank, whether by hand delivery, telex, or otherwise, by the close of business on the same day that such Oral Instructions are given to the Bank. The Fund agrees that the fact that if such confirming instructions are not received by the Bank that it shall in no way affect the validity for the transactions or enforceability of the transactions hereby authorized by the Fund. The Fund agrees that the Bank shall incur no liability to the Fund in acting upon Oral Instructions given to the Bank hereunder concerning such transactions provided such instructions reasonably appear to have been received from a duly Authorized Person.

Appears in 1 contract

Samples: Mutual Fund (North Track Funds Inc)

Reliance on Certificates and Instructions. The Bank shall be entitled to rely upon any Written Instructions or Oral Instructions actually received by the Bank pursuant to the applicable Sections of this Agreement and reasonably believed by the Bank to be genuine and to be given by an Authorized Person. The Fund Company agrees to forward to the Bank Written Instructions from an Authorized Person confirming such Oral Instructions in such manner so that such Written Instructions are received by the Bank, whether by hand delivery, telex, or otherwise, by the close of business on the same day that such Oral Instructions are given to the Bank. The Fund Company agrees that the fact that if such confirming instructions are not received by the Bank that it shall in no way affect the validity for the transactions or enforceability of the transactions hereby authorized by the FundCompany. The Fund Company agrees that the Bank shall incur no liability to the Fund Company in acting upon Oral Instructions given to the Bank hereunder concerning such transactions provided such instructions reasonably appear to have been received from a duly Authorized Person.

Appears in 1 contract

Samples: Custody Agreement (Investa Management Co Inc)

Reliance on Certificates and Instructions. The Bank shall be entitled to rely upon any Written Instructions or Oral Instructions actually received by the Bank pursuant to the applicable Sections of this Agreement and reasonably believed by the Bank to be genuine and to be given by an Authorized Person. The Fund Trust agrees to forward to the Bank Written Instructions from an Authorized Person confirming such Oral Instructions in such manner so that such Written Instructions are received by the Bank, whether by hand delivery, telex, or otherwise, by the close of business on the same day that such Oral Instructions are given to the Bank. The Fund Trust agrees that the fact that such confirming instructions are not received by the Bank shall in no way affect the validity for the transactions or enforceability of the transactions hereby authorized by the FundTrust. The Fund Trust agrees that the Bank shall incur no liability to the Fund Trust in acting upon Oral Instructions given to the Bank hereunder concerning such transactions provided such instructions reasonably appear to have been received from a duly Authorized Person.

Appears in 1 contract

Samples: Custody Agreement (Variable Insurance Funds)

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