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 MSS 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 MSS 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 MSS and the Trust.

Appears in 4 contracts

Samples: Accounting and Administration Services Agreement (State Funds), Transfer Agent Agreement (State Funds), Accounting and Administration Services Agreement (State Trust)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.