Authorized Instruction definition

Authorized Instruction means a written, oral or electronic communication accepted by Custodian in good faith that has been transmitted subject to, and in accordance with, the Security Procedures or by such other method as may be acceptable to, and approved in writing by, each of Custodian and Client.
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Authorized Instruction means any instruction, order or request received by RBCIS from an Authorized Person (including but not limited to a Standing Mandate Trade Instruction);
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Authorized Instruction or "Authorized Instructions" means a written or oral request or direction by the Trust, pursuant to and consistent with this Agreement, made by any one or more Authorized Persons. Unless a Written Instruction is required by this Agreement or any other agreement between the parties, an Authorized Instruction may be oral, but only if the Custodian reasonably and in good faith believes that the oral instruction has been given by an Authorized Person. Any Officers' Certificate also constitutes an Authorized Instruction.
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Examples of Authorized Instruction in a sentence

  • So long as and to the extent that it is exercising reasonable care, prudence, and diligence, the Custodian shall not be responsible for the title, validity or genuineness of any property or evidence of title thereto received by it or delivered by it pursuant to this Agreement and shall be held harmless in acting upon any Authorized Instruction reasonably believed by it to be genuine and delivered by an Authorized Party.

  • The Custodian shall not be required to follow any Authorized Instruction that would violate any applicable law, decree, regulation or order of any government or governmental body (including any court or tribunal) or that would be contrary to any provision of this Agreement.

  • Securities or Cash so delivered shall be held and disposed of pursuant to the provisions of this Agreement or an Authorized Instruction or may be continued to be held until the names of such persons are delivered to the Custodian.

  • Execution of this Agreement by the Client shall be deemed to be an Authorized Instruction to open an account, or to place or maintain Foreign Assets, in each country listed on Appendix A.

  • If any Authorized Instruction is given to the Custodian orally, then the Custodian's record of such instruction shall constitute conclusive evidence of the contents of such instruction, notwithstanding any conflicting written confirmation or record of such instruction provided by the Client.

  • The Custodian shall be responsible for the performance of only those duties as are set forth herein or contained in an Authorized Instruction that is not contrary to the provisions of this Agreement.

  • Unless otherwise expressly provided, each Authorized Instruction shall continue in full force and effect until superseded or cancelled by another Authorized Instruction.

  • If notice of termination is given by the Custodian, then the Client shall, within 60 days following receipt of such notice, specify in an Authorized Instruction the names of the persons to whom all Securities and Cash shall be delivered or paid.

  • If the Client elects to transmit Authorized Instructions to the Custodian by a method of communication for which no Security Procedure has been agreed, the Client agrees to be bound by any such Authorized Instruction that the Custodian believes in good faith to have been given by an Authorized Person.

  • If Client elects to transmit Authorized Instructions to Custodian by a method of communication for which no Security Procedure has been agreed, Client agrees to be bound by any such Authorized Instruction that Custodian believes in good faith to have been given by an Authorized Person.


More Definitions of Authorized Instruction

Authorized Instruction means a direction and instruction from an Authorized Party to the FOUNDATION with respect to the investment or withdrawal of funds comprising the Investor’s Custodial Account;
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Authorized Instruction means (i) a request, direction, notice or certification from any Authorized Person to the Bank in writing or via telephone, TWX, facsimile transmission, bank wire, the Bank's Securities InfoCash or Customer Data Entry System or other teleprocess or electronic instruction system acceptable to the Bank which the Bank believes in good faith to have been given by an Authorized Person or which is transmitted with proper testing or authentication pursuant to terms and conditions which the Bank may specify or (ii) a DTC Instruction (as defined in paragraph D of this Section 1). An Authorized Instruction given by telephone shall be confirmed by an Authorized Person within twenty four hours thereafter in writing or by facsimile transmission. However, the Bank shall not be liable for the failure of an Authorized Person to send such confirmation. Unless otherwise expressly provided, an Authorized Instruction shall continue in full force and effect until cancelled or superseded by a subsequent Authorized Instruction received by the Bank. If the Bank requires test arrangements, authentication methods or other security devices to be used with respect to an Authorized Instruction, any Authorized Instruction given by the Trust thereafter shall be given and processed in accordance with such terms and conditions for the use of such arrangements, methods or devices as the Bank may put into effect and modify from time to time. The Trust shall safeguard any testkeys, identification codes or other security devices which the Bank shall make available to it and shall hold the Bank harmless from any loss incurred by the Trust except to the extent that such loss resulted from negligent action, negligent failure to act or willful misconduct of the Bank or any of its nominees, agents or subcustodians in allowing the use of such security device by an unauthorized person. The Bank may electronically record any telephone discussions with respect to the securities and cash held pursuant to this Agreement.
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Authorized Instruction means (i) a written, oral or electronic communication accepted by the Custodian in good faith that has been transmitted subject to the Security Procedures agreed upon in writing by the Custodian and the Client or (ii) any other written, oral or electronic communication that the Custodian believes in good faith to have been given by an Authorized Person. "Authorized Persons" means those individuals who have been designated by or duly authorized by the Client pursuant to necessary corporate or other action (which shall be evidenced by appropriate documentation delivered to the Custodian) to act on behalf of the Client in connection with this Agreement. Such persons shall continue to be Authorized Persons until such time as the Client has delivered to the Custodian appropriate documents revoking the authority of such persons. "Cash" has the meaning set forth in Section 5. "Cash Account" means a current account (which may be divided into a number of subaccounts, denominated in U.S. dollars, Belgian francs or any other currency or Composite Currency Unit acceptable to the Custodian) opened by the Custodian on its books in the name of the Client. "Communication Products" has the meaning set forth in Section 28. "Composite Currency Units" means the European Currency Unit ("ECU"), the Special Drawing Right ("SDR") or another composite unit consisting of the aggregate of specified amounts of specified currencies, as such ECU, SDR or other unit may be constituted from time to time. "Morgan Affiliate" means any office or brxxxx xf Morgan Guaranty Trust Company of New Xxxx ("Morgan") and any other entity that dixxxxxx, or indirectly through one or more intermediaries, controls Morgan or that is controlled by or is xxxxx common control with Morgan. "Securities Account" meanx xxx securities account opened by the Custodian on its books in the name of the Client. "Securities Depository" means any securities depository, bookentry system or clearing system used by the Custodian from time to time in accordance with Section 4(e) hereof. "Security" means any share, stock, bond, debenture, note, certificate of indebtedness, warrant or other security or financial instrument acceptable to the Custodian (whether represented by a certificate or by a book-entry on the records of the issuer or other entity responsible for recording such book- entries) that is from time to time held for the account of the Client directly, or indirectly through a Subcustodian or Securities Depository, ...
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Related to Authorized Instruction

  • Authorized Instructions shall have the meaning set forth in Section 1.5.

  • Proper Instruction means a writing signed or initialed by one or more person or persons as the Board shall have from time to time authorized. Each such writing shall set forth the specific transaction or type of transaction involved. Oral instructions will be deemed to be Proper Instructions if (a) FAS reasonably believes them to have been given by a person previously authorized in Proper Instructions to give such instructions with respect to the transaction involved, and (b) the Investment Company, or the Fund, and FAS promptly cause such oral instructions to be confirmed in writing. Proper Instructions may include communications effected directly between electro-mechanical or electronic devices provided that the Investment Company, or the Fund, and FAS are satisfied that such procedures afford adequate safeguards for the Fund's assets. Proper Instructions may only be amended in writing.

  • RBC instructions means the RBC report, including risk-based capital instructions adopted by the NAIC, as the RBC instructions may be amended by the NAIC from time to time in accordance with the procedures adopted by the NAIC.

  • Transfer Instruction is a specific information provided for a transfer to be made that you provide to the Account to Account Transfer Service for a transfer of funds.

  • Proper Instructions means Written Instructions.

  • Transfer Instructions are the information that you provide when using the Service. “Us,” “We,” and “Our” means Credit Union.

  • Authorized insurer means, in the case of an interstate motor carrier whose operations may or may

  • Direct instruction means any instruction given by the person required to provide the notification or any person controlled by that person within the meaning of Article L. 233-3 of the Commercial Code, stipulating how the management company or the investment service provider should exercise the voting rights under given circumstances;

  • Dispatch Instruction has the meaning set forth in the CAISO Tariff.

  • Voice Initiated Funds Transfer Instruction means any Voice Initiated Redemption or Voice Initiated Election.For the purposes of these definitions, the singular includes the plural and the plural includes the singular, unless otherwise indicated. General Exclusions - Applicable to All Insuring Clauses2. This bond does not directly or indirectly cover:a. loss not reported to the COMPANY in writing within sixty (60) days after termination of this Bond as an entirety;b. loss due to riot or civil commotion outside the United States of America and Canada, or any loss due to military, naval or usurped power, war or insurrection. This Section 2.b., however, shall not apply to loss which occurs in transit in the circumstances recited in INSURING CLAUSE 3., provided that when such transit was initiated there was no knowledge on the part of any person acting for the ASSURED of such riot, civil commotion, military, naval or usurped power, war or insurrection;c. loss resulting from the effects of nuclear fission or fusion or radioactivity;d. loss of potential income including, but not limited to, interest and dividends not realized by the ASSURED or by any customer of the ASSURED;e. damages of any type for which the ASSURED is legally liable, except compensatory damages, but not multiples thereof, arising from a loss covered under this Bond;f. costs, fees and expenses incurred by the ASSURED in establishing the existence of or amount of loss under this Bond, except to the extent covered under INSURING CLAUSE 11.;g. loss resulting from indirect or consequential loss of any nature; General Exclusions - Applicable to All Insuring Clauses(continued)h. loss resulting from dishonest acts by any member of the Board of Directors or Board of Trustees of the ASSURED who is not an Employee, acting alone or in collusion with others;

  • Specially designed instruction means adapting, as appropriate to the needs of an eligible child under this chapter, the content, methodology, or delivery of instruction:

  • Authorized inspector means inspectors employed by the authorities responsible for boarding and inspection included in the Commission register and authorized to conduct boarding and inspection activities pursuant to these procedures;

  • Special Instruction Form means a standardized form prescribed by the Management Company to be duly filled by the investor to change his/her particulars and will be stated in this Offering Document.

  • Instruction Letter means written instructions in a form acceptable to NCPS and executed by Issuer Party with Issuer Party directing NCPS to promptly disburse the Escrow Funds to Issuer pursuant to Section 4(a).

  • Synchronous instruction means instruction where students engage in learning in the direct presence (remote or in-person) of a teacher in real time.

  • Delivery Instructions means the instructions set out in the Contract for the provision of the Goods and Services, including any other information the Authority considers appropriate to the provision of the Goods and Services.

  • Payment Instruction is as defined in Section 36 of the General Terms, and is further defined as the information provided by you to the Service for a bill payment to be made to the Xxxxxx (such as, but not limited to, Xxxxxx name, Xxxxxx account number, and Scheduled Payment Date).

  • Indirect instruction means any general or specific instruction given in any form by the person required to provide the notification or any person controlled by that person within the meaning of Article L. 233-3 of the Commercial Code that limits the discretion of the management company or the investment service provider in the exercise of the voting rights in order to serve the commercial interests of the person required to provide the notification or the controlled person.

  • Alternative modes of instruction means modes of pupil instruction, other than in-person instruction, that may include, without limitation, partnerships with other districts or intermediate districts or community colleges or institutions of higher education, use of vendors, use of online learning, telephone communications, email, virtual instruction, videos, slideshows, project-based learning, use of instructional packets, or a hybrid of multiple modes of learning that still promote recommended practices for social distancing to mitigate the spread of COVID-CD.

  • Unauthorized insurer means an insurance institution that has not been granted a certificate of authority by the commissioner to transact the business of insurance in this state."

  • Authorized account means a deposit account of a customer in a bank designated by the customer as a source of payment of payment orders issued by the customer to the bank. If a customer does not so designate an account, any account of the customer is an authorized account if payment of a payment order from that account is not inconsistent with a restriction on the use of that account.

  • Authorized Bank Account means any Officially Designated bank account to which redemption proceeds may be sent.

  • Instruction means a notification communicated to the issuer of an uncertificated security which directs that the transfer of the security be registered or that the security be redeemed.

  • Authorized Investment means any type of instrument, security, participation or other property in which Cash Collateral may be invested or reinvested, as described in Section 5(f) hereof and Appendix 4 hereto (and as such Appendix may be amended from time to time by written agreement of the parties).

  • Authorized Driver means any of the following:

  • Wire Instructions means the wire instructions for the Initial Cash Purchase Price, as provided by the Company, set forth on ANNEX I.