Common use of Evidence of Authority Clause in Contracts

Evidence of Authority. Subject to Section 9 hereof, the Custodian shall be protected in acting upon any instructions, notice, request, consent, certificate or other instrument or paper reasonably and in good faith believed by it to be genuine and to have been properly executed by or on behalf of the Fund. The Custodian may receive and accept a copy of a vote of the Board, certified by the secretary or an assistant secretary of the applicable Fund, as conclusive evidence (a) of the authority of any person to act in accordance with such vote or (b) of any determination or of any action by the Board described in such vote, and such vote may be considered as in full force and effect until receipt by the Custodian of written notice to the contrary.

Appears in 171 contracts

Samples: Custodian Agreement (T. Rowe Price Reserve Investment Funds, Inc.), Custodian Agreement (T. Rowe Price Short-Term Bond Fund, Inc.), Custodian Agreement (T. Rowe Price Retirement Funds, Inc.)

AutoNDA by SimpleDocs

Evidence of Authority. Subject to Section 9 hereof, the The Custodian shall be protected in acting acting, in good faith and without negligence, upon any instructionsinstruction, notice, request, consent, certificate or other instrument or paper reasonably and in good faith believed by it to be genuine and to have been properly executed by or on behalf of the Fund. The Custodian may receive and accept a certified copy of a vote of the Board, certified by the secretary or an assistant secretary of the applicable Fund, 's Board as conclusive evidence (a) of the authority of any person to act in accordance with such vote or (b) of any determination or of any action by the Fund's Board pursuant to the Fund's organizational documents as described in such vote, and such vote may be considered as in full force and effect until receipt by the Custodian of written notice to the contrary. 8.

Appears in 9 contracts

Samples: Custodian and Fund Accounting Agreement (International Equity Portfolio /George Town/), Custodian and Fund Accounting Agreement (Jp Morgan Institutional Funds), Custodian and Fund Accounting Agreement (Series Portfolio)

Evidence of Authority. Subject to Section 9 hereof, the Custodian shall be protected in acting upon any instructions, notice, request, consent, certificate or other instrument or paper reasonably and in good faith believed by it to be genuine and to have been properly executed by or on behalf of the Fund. The Custodian may receive and accept a copy of a vote of the Board, certified by the secretary or an assistant secretary of the applicable Fund, as conclusive evidence (a) of the authority of any person to act in accordance with such vote or (b) of any determination or of any action by the Board described in such vote, and such vote may be considered as in full force and effect until receipt by the Custodian of written notice to the contrary. SECTION 8.

Appears in 5 contracts

Samples: Custodian Agreement (Price T Rowe International Funds Inc), Custodian Agreement (T Rowe Price Summit Municipal Funds Inc), Custodian Agreement (Price T Rowe New America Growth Fund)

Evidence of Authority. Subject to Section 9 hereof, the The Custodian shall be protected in acting upon any instructions, notice, request, consent, certificate or other instrument or paper reasonably and in good faith believed by it to be genuine and to have been properly executed by or on behalf of the Fund. The Custodian may receive and accept a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Board of Directors of the applicable Fund, Fund as conclusive evidence (a) of the authority of any person to act in accordance with such vote or (b) of any determination or of any action by the Board of Directors pursuant to the Articles of Incorporation as described in such written notice to the contrary. vote, and such vote may be considered as in full force and effect until receipt by the Custodian of written notice to the contrary.of

Appears in 1 contract

Samples: Custodian Contract (Blackrock Insured Municipal 2008 Term Trust Inc)

AutoNDA by SimpleDocs

Evidence of Authority. Subject to Section 9 hereof, the The Custodian shall be protected in acting in good faith reliance upon any instructions, notice, request, consent, certificate or other instrument or paper reasonably and in good faith believed by it to be genuine and to have been properly executed by or on behalf of the Fund. The Custodian may receive and accept a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Board of Directors of the applicable Fund, Fund as conclusive evidence (a) of the authority of any person to act in accordance with such vote or (b) of any determination or of any action by the Board of Directors pursuant to the Articles of Incorporation as described in such vote, and such vote may be considered as in full force and effect until receipt by the Custodian of written notice to the contrary.

Appears in 1 contract

Samples: Countrybasket Index Fund Inc /Ny/

Evidence of Authority. Subject to Section 9 hereof, the The Custodian shall be protected in acting upon any instructions, notice, request, consent, certificate or other instrument or paper reasonably and in good faith believed by it to be genuine and to have been properly executed by or on behalf of the Fund. The Custodian may receive and accept a certified copy of a vote of the Board, certified by the secretary or an assistant secretary Board of Directors of the applicable Fund, Fund as conclusive evidence (a) of the authority of any person to act in accordance with such vote or (b) of any determination or of any action by the Board of Directors of the Fund pursuant to the Articles of Incorporation and By Laws as described in such vote, and such vote may be considered as in full force and effect until receipt by the Custodian of written notice to the contrary.

Appears in 1 contract

Samples: Custodian Agreement (Alliance National Municipal Income Fund)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!