Common use of Instructions Appearing to be Genuine Clause in Contracts

Instructions Appearing to be Genuine. The Custodian and all Domestic Subcustodians shall be fully protected and indemnified out of the assets of the particular Fund in acting as a custodian hereunder upon any Resolutions of the Board of Directors or Trustees, Instructions, Special Instructions, advice, notice, request, consent, certificate, instrument or paper appearing to it to be genuine and to have been properly executed and shall, unless otherwise specifically provided herein, be entitled to receive as conclusive proof of any fact or matter required to be ascertained from any Fund hereunder a certificate signed by any officer of such Fund authorized to countersign or confirm Special Instructions. The Custodian shall have no duty to inquire into or investigate the validity, accuracy, or content of any Instruction or Special Instruction,provided that the Custodian has acted in accordance with the standard of care set forth in Section 6(a), the Custodian shall have no liability for any losses, damages or expenses incurred by a Fund arising from the use of a non-secure form of email or other non-secure electronic system or process.

Appears in 6 contracts

Samples: Custody Agreement (Gottex Multi-Alternatives Master Fund), Custody Agreement (Gottex Multi-Asset Endowment Master Fund), Custody Agreement (Gottex Multi-Asset Endowment Fund - I)

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