Common use of Proper Instructions and Special Instructions Clause in Contracts

Proper Instructions and Special Instructions. Proper Instructions," as such term is used throughout this Agreement, means a writing signed or initialed by one or more person or persons as the applicable Board shall have from time to time authorized. Each such writing shall set forth the specific transaction or type of transaction involved. Oral instructions will be considered Proper Instructions if the Custodian reasonably believes them to have been given by a person authorized to give such instructions with respect to the transaction involved; each Fund shall cause all oral instructions to be confirmed in writing. Proper Instructions may include communications effected directly between electro-mechanical or electronic devices provided that the applicable Fund and the Custodian agree to security procedures including, but not limited to, the security procedures selected by such Fund via the form of Funds Transfer Addendum hereto. For purposes of this Section, Proper Instructions shall include instructions received by the Custodian pursuant to any three-party agreement which requires a segregated asset account in accordance with Section 2.9 hereof. "Special Instructions," as such term is used throughout this Agreement, means Proper Instructions countersigned or confirmed in writing by the Treasurer or any Assistant Treasurer of the applicable

Appears in 5 contracts

Samples: Master Custodian Agreement (Salomon Brothers Emerging Markets Debt Fund Inc), Master Custodian Agreement (Salomon Brothers Capital & Income Fund Inc), Master Custodian Agreement (Salomon Brothers Variable Series Funds Inc)

AutoNDA by SimpleDocs

Proper Instructions and Special Instructions. Proper InstructionsPROPER INSTRUCTIONS," as such term is used throughout this Agreement, means a writing signed or initialed by one or more person or persons as the applicable Board shall have from time to time authorized. Each such writing shall set forth the specific transaction or type of transaction involved. Oral instructions will be considered Proper Instructions if the Custodian reasonably believes them to have been given by a person authorized to give such instructions with respect to the transaction involved; each the Fund shall cause all oral instructions to be confirmed in writing. Proper Instructions may include communications effected directly between electro-mechanical or electronic devices provided that the applicable Fund and the Custodian agree to security procedures including, but not limited to, the security procedures selected by such the Fund via the form of Funds Transfer Addendum hereto. For purposes of this Section, Proper Instructions shall include instructions received by the Custodian pursuant to any three-party agreement which requires a segregated asset account in accordance with Section 2.9 hereof. "Special Instructions," as such term is used throughout this Agreement, means Proper Instructions countersigned or confirmed in writing by the Treasurer or any Assistant Treasurer of the applicable.

Appears in 3 contracts

Samples: Custodian Agreement (Lmi Funds), Custodian Agreement (Institutional Portfolio), Form of Custodian Agreement (Institutional Portfolio)

AutoNDA by SimpleDocs

Proper Instructions and Special Instructions. β€œProper Instructions," ” as such term is used throughout this Agreement, means a writing signed or initialed by one or more person or persons as the applicable Board Trust shall have from time to time authorized. Each such writing shall set forth the specific transaction or type of transaction involved. Oral instructions will be considered Proper Instructions if the Custodian reasonably believes them to have been given by a person authorized to give such instructions with respect to the transaction involved; each Fund the Trust shall cause all oral instructions to be confirmed in writing. Proper Instructions may include communications effected directly between electro-mechanical or electronic devices provided that the applicable Fund Trust and the Custodian agree to security procedures including, but not limited to, the security procedures selected by such Fund the Trust via the form of Funds Transfer Addendum attached hereto, the terms of which are hereby agreed to. For purposes of this Section, Proper Instructions shall include instructions received by the Custodian pursuant to any three-party agreement which requires a segregated asset account in accordance with Section 2.9 hereof. "Special Instructions," as such term is used throughout this Agreement, means Proper Instructions countersigned or confirmed in writing by the Treasurer or any Assistant Treasurer of the applicable2.9.

Appears in 2 contracts

Samples: Custodian Agreement (Nuveen Long/Short Commodity Total Return Fund), Custodian Agreement (Nuveen Diversified Commodity Fund)

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