Common use of Ambiguous Instructions Clause in Contracts

Ambiguous Instructions. In the event that a Submission contains terms that differ from the information provided in the telephone call at the time of issuance of the Submission Number, the Trust Telephone Representative will attempt to contact the Participant to request confirmation of the terms of the order. If an Authorized Person confirms the terms as they appear in the Submission then the Submission will be accepted and processed. If an Authorized Person contradicts its terms, the Submission will be deemed invalid, and a corrected Submission must be received by the Transfer Agent, as applicable, not later than the earlier of (i) within fifteen (15) minutes of such contact with the Participant or (ii) forty-five (45) minutes after the NYSE Closing Time. For the avoidance of doubt, notwithstanding the invalidation of the initial Submission pursuant to this paragraph, a Submission that is otherwise in proper form shall be deemed submitted at the time of its initial Submission for purposes of determining when orders are Deemed Received hereunder. If the Trust Telephone Representative is not able to contact an Authorized Person, then the Submission shall be accepted and processed in accordance with its terms notwithstanding any inconsistency from the terms of the telephone information. In the event that a Submission contains terms that are illegible, the Submission will be deemed invalid and the Trust Telephone Representative will attempt to contact the Participant to request retransmission of the Submission. A corrected Submission must be received by the Transfer Agent, as applicable, not later than the earlier of (i) within fifteen (15) minutes of such contact with the Participant or (ii) forty-five (45) minutes after the NYSE Closing Time.

Appears in 12 contracts

Samples: Participant Agreement (First Trust Exchange-Traded Fund Vi), Participant Agreement (First Trust Exchange-Traded Fund Vi), Participant Agreement (First Trust Exchange-Traded Fund Iv)

AutoNDA by SimpleDocs

Ambiguous Instructions. In the event that a Submission contains terms that differ from the information provided in the telephone call at the time of issuance of the Submission Number, the Trust Telephone Representative will attempt to contact the Participant to request confirmation of the terms of the order. If an Authorized Person confirms the terms as they appear in the Submission then the Submission will be accepted and processed. If an Authorized Person contradicts its terms, the Submission will be deemed invalid, and a corrected Submission must be received by the Transfer Agent, as applicable, not later than the earlier of (i) within fifteen (15) minutes of such contact with the Participant or (ii) forty-five (45) minutes after the NYSE Closing Time. For the avoidance of doubt, notwithstanding the invalidation of the initial Submission pursuant to this paragraph, a Submission that is otherwise in proper form shall be deemed submitted at the time of its initial Submission submission for purposes of determining when orders are Deemed Received hereunder. If the Trust Telephone Representative is not able to contact an Authorized Person, then the Submission shall be accepted and processed in accordance with its terms notwithstanding any inconsistency from the terms of the telephone information. In the event that a Submission contains terms that are illegible, the Submission will be deemed invalid and the Trust Telephone Representative will attempt to contact the Participant to request retransmission of the Submission. A corrected Submission must be received by the Transfer Agent, as applicable, not later than the earlier of (i) within fifteen (15) minutes of such contact with the Participant or (ii) forty-five (45) minutes after the NYSE Closing Time.

Appears in 2 contracts

Samples: Participant Agreement (First Trust Exchange-Traded Fund), Participant Agreement (First Trust Exchange-Traded Fund Ii)

Ambiguous Instructions. In the event that a Submission an Order contains terms that differ from the information provided in the telephone call at the time of issuance of the Submission Designated Order Number, the Trust Telephone Representative Fresco'sm' Index Shares telephone representative will attempt to contact the Participant to request confirmation of the terms of the order. If an Authorized Person confirms the terms as they appear in the Submission Order then the Submission order will be accepted and processed. If an Authorized Person contradicts its terms, the Submission Order will be deemed invalid, invalid and a corrected Submission Order must be received by the Transfer Agent, as applicable, Fresco'sm' Index Shares telephone representative not later than the earlier of (i) within fifteen (15) 15 minutes of such contact with the Participant or (ii) forty-five (45) 45 minutes after the NYSE Closing Time. For the avoidance of doubt, notwithstanding the invalidation of the initial Submission pursuant to this paragraph, a Submission that is otherwise in proper form shall be deemed submitted at the time of its initial Submission for purposes of determining when orders are Deemed Received hereunder. If the Trust Telephone Representative Fresco'sm' Index Shares telephone representative is not able to contact an Authorized Person, then the Submission Order shall be accepted and processed in accordance with its terms notwithstanding any inconsistency from the terms of the telephone information. In the event that a Submission an Order contains terms that are illegible, as determined in the Submission sole discretion of the Principal Underwriter and/or the Transfer Agent, the Order will be deemed invalid and the Trust Telephone Representative Fresco'sm' Index Shares telephone representative will attempt to contact the Participant to request retransmission of the SubmissionOrder. A corrected Submission Order must be received by the Transfer Agent, as applicable, Fresco'sm' Index Shares telephone representative not later than the earlier of (i) within fifteen (15) 15 minutes of such contact with the Participant or (ii) forty-five (45) 45 minutes after the NYSE Closing Time.

Appears in 2 contracts

Samples: Fresco'sm' Index Shares Funds Participant Agreement (Fresco Index Shares Funds), Fresco'sm' Index Shares Funds Participant Agreement (Fresco Index Shares Funds)

AutoNDA by SimpleDocs

Ambiguous Instructions. In the event that a Submission contains terms that differ from the information provided in the telephone call at the time of issuance of the Submission Number, the Trust Telephone Representative will attempt to contact the Participant to request confirmation of the terms of the order. If an Authorized Person confirms the terms as they appear in the Submission then the Submission will be accepted and processed. If an Authorized Person contradicts its terms, the Submission will be deemed invalid, and a corrected Submission must be received by the Transfer Index Receipt Agent, as applicable, not later than the earlier of (i) within fifteen (15) minutes of such contact with the Participant or (ii) forty-five (45) minutes after the NYSE Closing Time. For the avoidance of doubt, notwithstanding the invalidation of the initial Submission pursuant to this paragraph, a Submission that is otherwise in proper form shall be deemed submitted at the time of its initial Submission for purposes of determining when orders are Deemed Received hereunder. If the Trust Telephone Representative is not able to contact an Authorized Person, then the Submission shall be accepted and processed in accordance with its terms notwithstanding any inconsistency from the terms of the telephone information. In the event that a Submission contains terms that are illegible, the Submission will be deemed invalid and the Trust Telephone Representative will attempt to contact the Participant to request retransmission of the Submission. A corrected Submission must be received by the Transfer Index Receipt Agent, as applicable, not later than the earlier of (i) within fifteen (15) minutes of such contact with the Participant or (ii) forty-five (45) minutes after the NYSE Closing Time.

Appears in 1 contract

Samples: Authorized Participant Agreement (Pointbreak ETF Trust)

Time is Money Join Law Insider Premium to draft better contracts faster.