Common use of Reliance on Electronic Instructions Clause in Contracts

Reliance on Electronic Instructions. If the Trust has the ability to originate electronic instructions to the Administrator in order to (i) effect the transfer or movement of cash or Shares or (ii) transmit Shareholder information or other information, then in such event the Administrator shall be entitled to rely on the validity and authenticity of such instruction without undertaking any further inquiry as long as such instruction is undertaken in conformity with security procedures established and agreed upon by the Administrator and the Advisors.

Appears in 13 contracts

Samples: Service Agreement (Spinnaker ETF Series), Fund Accounting and Administration Service Agreement (Spinnaker ETF Series), Starboard Investment Trust (Starboard Investment Trust)

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Reliance on Electronic Instructions. If the Trust has the ability to originate electronic instructions to the Administrator in order to (i) effect the transfer or movement of cash or Shares or (ii) transmit Shareholder information or other information, then in such event the Administrator shall be entitled to rely on the validity and authenticity of such instruction without undertaking any further inquiry as long as such instruction is undertaken in conformity with security procedures established and agreed upon by the Administrator and the AdvisorsAdvisers.

Appears in 5 contracts

Samples: Service Agreement (Starboard Investment Trust), Service Agreement (Starboard Investment Trust), Service Agreement (Starboard Investment Trust)

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Reliance on Electronic Instructions. If the Trust has the ability to originate electronic instructions to the Administrator in order to (i) effect the transfer or movement of cash or Shares or (ii) transmit Shareholder information or other information, then in such event the Administrator shall be entitled to rely on the validity and authenticity of such instruction without undertaking any further inquiry as long as such instruction is undertaken in conformity with security procedures established and agreed upon by the Administrator and the Advisorsinvestment advisors.

Appears in 1 contract

Samples: Service Agreement (Modern Capital Funds Trust)

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