INSTRUCTIONS shall definition

INSTRUCTIONS shall mean an oral communication from an Authorized Person or a written communication signed by an Authorized Person and actually received by UMBFS. Instructions shall include manually executed originals, telefacsimile transmissions of manually executed originals or electronic communications.

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INSTRUCTIONS shall mean: (i) a tested telex, a written (including, without limitation, facsimile transmission) request, direction, instruction or certification signed or initialed by or on behalf of a Fund by one or more Authorized Persons; (ii) a telephonic or other oral communication from a person UMB reasonably believes to be an Authorized Person; or (iii) a communication effected directly between an electro-mechanical or electronic device or system (including, without limitation, computers) on behalf of a Fund. Instructions given by facsimile transmission will be considered Proper Instructions if UMB reasonably believes them to have been given by Authorized Persons. Instructions in the form of oral communications shall be confirmed by the Fund by tested telex or in writing in the manner set forth in clause (i) above, but the lack of such confirmation shall in no way affect any action taken by UMB in reliance upon such oral Instructions prior to UMB's receipt of such confirmation. Each Fund authorizes UMB to tape record any and all telephonic or other oral instructions given to UMB by or on behalf of a Fund (including any of its respective officers, Directors, employees or agents or any investment manager or adviser of a Fund or person or entity with similar responsibilities which is authorized to give Proper Instructions on behalf of a Fund to UMB). Proper Instructions may be in the form of standing instructions.

Examples of INSTRUCTIONS shall in a sentence

• It is hereby established that the COMMITTEE may not resolve on issues related to expenses; therefore, the INSTRUCTIONS shall be supported by the TRUSTOR proposals.

• Neither Seller nor Buyer LUCENT TECHNOLOGIES PROPRIETARY USE PURSUANT TO COMPANY INSTRUCTIONS shall have any liability whatsoever with respect to any such representations or warranties after the survival period for such representation or warranty expires.

• Except as explicitly set forth herein, each of the terms defined in the SETTLEMENT AGREEMENT and the exhibits to the SETTLEMENT AGREEMENT used in these ESCROW INSTRUCTIONS shall have the meaning ascribed to them in the SETTLEMENT AGREEMENT and the exhibits to the SETTLEMENT AGREEMENT.

• The "DISBURSEMENT INSTRUCTIONS" shall (i) be in writing and signed by LTC and the Stockholders' Representative, (ii) state the principal amount owed to LTC as determined in accordance with the Purchase Agreement, and (iii) shall provide wire transfer instructions to the Escrow Agent as to where and to whom such amount is to be sent.

• The "DISBURSEMENT INSTRUCTIONS" shall (i) be in writing and signed by LTC and the Seller, (ii) state the principal amount owed to LTC or the Seller as determined in accordance with the Purchase Agreement, and (iii) shall provide wire transfer instructions to the Escrow Agent as to where and to whom such amount is to be sent.

• These ESCROW INSTRUCTIONS shall be binding upon and inure to the benefit of, and be enforceable by, the parties hereto and their respective administrators, trustees, executors, personal representatives, successors and permitted assigns.

• As used herein, the term INSTRUCTION(S) shall mean a directive initiated by a Fund, acting directly or through its board of directors, officers or other Authorized Persons, which directive shall conform to the requirements of this Section 4.