Common use of Right to Receive Instructions and Advice Clause in Contracts

Right to Receive Instructions and Advice. (1) If BNY Mellon obtains a formal legal written opinion from a nationally recognized law firm with respect to its compliance with a Law or the Voya Documents, BNY Mellon shall provide Voya notice (including a copy) of such opinion. Provided that Voya has not provided a conflicting Compliance Directive with respect to such Law, BNY Mellon may rely on such opinion with respect to its performance of the Designated Services and, provided it has complied with such opinion, BNY Mellon shall be excused from any liability to the extent based on such reliance and compliance.

Appears in 15 contracts

Samples: Services Agreement (Voya Enhanced Securitized Income Fund), Services Agreement (Voya MUTUAL FUNDS), Services Agreement (Voya Separate Portfolios Trust)

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