Common use of Directions And Instructions Clause in Contracts

Directions And Instructions. All directions to Custodian from the Purchaser shall be in writing (provided that Custodian may, in its discretion, accept oral directions subject to confirmation in writing), and Custodian shall be fully protected in acting in accordance therewith or for failing to act in the absence thereof. The Purchaser shall certify to Custodian the names and specimen signatures of persons authorized to act for the Purchaser in relation to Custodian. Communications to Custodian shall be sent to its offices at Xxx Xxxxxx Xxxxx, Xxxxxx, Xxxxxxxxxxxxx 00000 or to such other address as Custodian shall specify, and such communications shall be binding upon Custodian when received by it. Notwithstanding anything herein to the contrary, Custodian shall be fully protected in acting in accordance with directions with respect to securities transactions (including without limitation the affirmation and/or confirmation of such transactions) received by it through a system or arrangement for the coordination of securities transaction settlements operated by Depository Trust Company or by any central securities depository, securities clearing organization or book entry system which serves to link investment managers, securities brokers and custodian banks, pursuant to an agreement entered into by Custodian and the Purchaser to the same extent as if the directions were in writing.

Appears in 2 contracts

Samples: Warranties and Servicing Agreement (Structured Asset Securities Corp), 1998 Agreement (Structured Asset Securities Corp)

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Directions And Instructions. All directions to the Custodian from the Purchaser Norwest Bank shall be in writing (provided that the Custodian may, in its discretion, accept oral directions subject to confirmation in writing), and the Custodian shall be fully protected in acting in accordance therewith or for failing to act in the absence thereof. The Purchaser Norwest Bank shall certify to the Custodian the names and specimen signatures of persons authorized to act for the Purchaser Norwest Bank in relation to the Custodian. Communications to the Custodian shall be sent to its offices at Xxx One Xxxxxx Xxxxx, Xxxxxx, Xxxxxxxxxxxxx 00000 or xx to such other address as the Custodian shall specify, and such communications shall be binding upon the Custodian when received by it. Notwithstanding anything herein to the contrary, the Custodian shall be fully protected in acting in accordance with directions with respect to securities transactions (including without limitation the affirmation and/or confirmation of such transactions) received by it through a system or arrangement for the coordination of securities transaction settlements operated by The Depository Trust Company or by any central securities depository, securities clearing organization or book entry system which serves to link investment managers, securities brokers and custodian banks, pursuant to an agreement entered into by the Custodian and the Purchaser Norwest Bank to the same extent as if the directions were in writing.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Mellon Residential Funding Cor Mor Pas THR Cer Ser 2000-Tbc1), Pooling and Servicing Agreement (Mellon Residential Funding Cor Mor Pas THR Tr Ser 1999-Tbc3)

Directions And Instructions. All directions to the Custodian from the Purchaser Wellx Xxxgo shall be in writing (provided that the Custodian may, in its discretion, accept oral directions subject to confirmation in writing), and the Custodian shall be fully protected in acting in accordance therewith or for failing to act in the absence thereof. The Purchaser Wellx Xxxgo shall certify to the Custodian the names and specimen signatures of persons authorized to act for the Purchaser Wellx Xxxgo in relation to the Custodian. Communications to the Custodian shall be sent to its offices at Xxx One Xxxxxx Xxxxx, Xxxxxx, Xxxxxxxxxxxxx 00000 or xx to such other address as the Custodian shall specify, and such communications shall be binding upon the Custodian when received by it. Notwithstanding anything herein to the contrary, the Custodian shall be fully protected in acting in accordance with directions with respect to securities transactions (including without limitation the O-2 164 affirmation and/or confirmation of such transactions) received by it through a system or arrangement for the coordination of securities transaction settlements operated by The Depository Trust Company or by any central securities depository, securities clearing organization or book entry system which serves to link investment managers, securities brokers and custodian banks, pursuant to an agreement entered into by the Custodian and the Purchaser Wellx Xxxgo to the same extent as if the directions were in writing.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Mellon Residential Funding Corp Mort Pas THR Ser 2000 TBC 3)

Directions And Instructions. All directions to Custodian from the Purchaser shall be in writing (provided that Custodian may, in its discretion, accept oral directions subject to confirmation in writing), and Custodian shall be fully protected in acting in accordance therewith or for failing to act in the absence thereof. The Purchaser shall certify to Custodian the names and specimen signatures of persons authorized to act for the Purchaser in relation to Custodian. Communications to Custodian shall be sent to its offices at Xxx Oxx Xxxxxx Xxxxx, Xxxxxx, Xxxxxxxxxxxxx 00000 or to such other address as Custodian shall specify, and such communications shall be binding upon Custodian when received by it. Notwithstanding anything herein to the contrary, Custodian shall be fully protected in acting in accordance with directions with respect to securities transactions (including without limitation the affirmation and/or confirmation of such transactions) received by it through a system or arrangement for the coordination of securities transaction settlements operated by Depository Trust Company or by any central securities depository, securities clearing organization or book entry system which serves to link investment managers, securities brokers and custodian banks, pursuant to an agreement entered into by Custodian and the Purchaser to the same extent as if the directions were in writing.

Appears in 1 contract

Samples: Warranties and Servicing Agreement (Structured Asset Securities Corporation)

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Directions And Instructions. All directions to the Custodian from the Purchaser Xxxxx Fargo shall be in writing (provided that the Custodian may, in its discretion, accept oral directions subject to confirmation in writing), and the Custodian shall be fully protected in acting in accordance therewith or for failing to act in the absence thereof. The Purchaser Xxxxx Fargo shall certify to the Custodian the names and specimen signatures of persons authorized to act for the Purchaser Xxxxx Fargo in relation to the Custodian. Communications to the Custodian shall be sent to its offices at Xxx Xxxxxx Xxxxx, Xxxxxx, Xxxxxxxxxxxxx 00000 or to such other address as the Custodian shall specify, and such communications shall be binding upon the Custodian when received by it. Notwithstanding anything herein to the contrary, the Custodian shall be fully protected in acting in accordance with directions with respect to securities transactions (including without limitation the affirmation and/or confirmation of such transactions) received by it through a system or arrangement for the coordination of securities transaction settlements operated by The Depository Trust Company or by any central securities depository, securities clearing organization or book entry system which serves to link investment managers, securities brokers and custodian banks, pursuant to an agreement entered into by the Custodian and the Purchaser Xxxxx Fargo to the same extent as if the directions were in writing.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Mellon Residential Funding Corp)

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