Electronic Instruction definition
Examples of Electronic Instruction in a sentence
The Electronic Instruction, together with your signature so collected and linked, are collectively the “Electronic Signature Instruction”.
In the event that the CUSTOMER has registered a stamp (facsimile) or Electronic Instruction, such stamp shall replace the signature of THE CUSTOMER in which case the latter relieves the BANK of every responsibility in the event that the latter cashes or changes a check drawn with the stamp or facsimile stolen, altered or forfeited.
Where the method for transmitting Electronic Instruction involves an automatic systems acknowledgement by the Custodian of its receipt of such Electronic Instructions, then in the absence of such acknowledgment the Custodian shall not be liable for any failure to act pursuant to such Electronic Instructions and the Fund may not claim that such Electronic Instructions were received by the Custodian.
Upon receipt of a Letter, Notice from the Fund (such Notice to be followed by written confirmation in the form of an Authorization Letter), or Electronic Instruction, the Custodian shall purchase for the Fund such Financial Assets in the amounts and maturing on the dates therein described and charge the payment for such purchases to the Cash Account.
Upon the receipt of a Letter, Notice (such Notice to be followed by written confirmation in the form of a Letter), or Electronic Instruction, the Custodian shall use its reasonable best efforts, subject to the terms and conditions herein contained, to present for sale in the amount and on the dates therein stated such Financial Assets of the Fund as therein described, and held in the Custody Account and cause the proceeds generated by such sale(s), to be deposited into the Cash Account.