Common use of Security; Reliance; Unauthorized Use Clause in Contracts

Security; Reliance; Unauthorized Use. The Fund will, and will cause all persons utilizing ACCESS to, treat the user and authorization codes, passwords and authentication keys applicable to ACCESS with extreme care. The Custodian is hereby irrevocably authorized to act in accordance with and rely on Written Instructions received by it through ACCESS. The Fund acknowledges that it is its sole responsibility to assure that only Authorized Persons use ACCESS and that the Custodian shall not be responsible nor liable for any unauthorized use thereof, and agrees that the security procedures to be followed in connection with the Fund's transmission of Written Instructions through ACCESS provide to it a commercially reasonable degree of protection in light of its particular needs and circumstances.

Appears in 9 contracts

Samples: Custodian and Fund Accounting Agreement (International Equity Portfolio /George Town/), Custodian and Fund Accounting Agreement (Emerging Markets Equity Portfolio), Custodian and Fund Accounting Agreement (Series Portfolio)

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Security; Reliance; Unauthorized Use. The Each Fund will, and will cause all persons utilizing ACCESS to, treat the user and authorization codes, passwords and authentication keys applicable to ACCESS with extreme care. The Custodian Bank is hereby irrevocably authorized to act in accordance with and rely on Written Instructions received by it through ACCESS. The Each Fund acknowledges that it is its sole responsibility to assure that only Authorized Persons use ACCESS and that the Custodian Bank shall not be responsible nor liable for any unauthorized use thereof, and agrees that the security procedures to be followed in connection with the Fund's transmission of Written Instructions through ACCESS provide to it a commercially reasonable degree of protection in light of its particular needs and circumstances.

Appears in 3 contracts

Samples: Management and Related Services Agreement (Milestone Funds), Management and Related Services Agreement (Tuscarora Investment Trust), Asset Management Fund Inc

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