Common use of Reliance on Instructions Clause in Contracts

Reliance on Instructions. Except as otherwise provided herein, all instructions shall be in writing, and shall continue in force until changed by subsequent instructions. Pending receipt of written authority, Custodian may in its absolute discretion at any time accept oral, wired or electronically transmitted instructions from Principal or Manager provided Custodian believes in good faith that the instructions are genuine. Further, Custodian may assume that any written or oral instructions received hereunder are consistent with the provisions of organizational documents of the Principal or of any vote, resolution or proceeding of the Principal’s board of directors of the Principal’s shareholders, unless and until Custodian receives written instructions to the contrary.

Appears in 16 contracts

Samples: Custodian Agreement (Resource Credit Income Fund), Global Custody Agreement (CLA Strategic Allocation Fund), Global Custody Agreement (BlueArc Multi-Strategy Fund)

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Reliance on Instructions. Except as otherwise provided herein, all instructions shall be in writing, and shall continue in force until changed by subsequent instructions. Pending receipt of written authority, Custodian may in its absolute discretion at any time accept oral, wired or electronically transmitted instructions from Principal or Manager provided Custodian believes in good faith that the instructions are genuine. Further, Custodian may assume that any written or oral instructions received hereunder are consistent with the provisions of organizational documents of the Principal or of any vote, resolution or proceeding of the Principal’s 's board of directors of the Principal’s 's shareholders, unless and until Custodian receives written instructions to the contrary.

Appears in 3 contracts

Samples: Global Custody Agreement (Sound Shore Fund Inc), Custodian Agreement (First Pacific Mutual Fund Inc /Hi/), Custodian Agreement (First Pacific Mutual Fund Inc /Hi/)

Reliance on Instructions. Except as otherwise provided herein, all instructions shall be in writing, and shall continue in force until changed by subsequent instructions. Pending receipt of written authority, Custodian may in its absolute discretion at any time accept oral, wired or electronically transmitted instructions from Principal or Manager provided Custodian believes in good faith that the instructions are genuine. Further, Custodian may assume that any written or oral instructions received hereunder are consistent with the provisions of organizational documents of the Principal or of any vote, resolution or proceeding of the Principal’s 's board of directors of the Principal’s shareholdersoftrustees, unless and until Custodian receives written instructions to the contrary.

Appears in 2 contracts

Samples: Global Custody Agreement (O'Connor EQUUS), Global Custody Agreement (Advisors' Inner Circle Fund III)

Reliance on Instructions. Except as otherwise provided herein, all instructions shall be in writing, and shall continue in force until changed by subsequent instructions. Pending receipt of written authority, Custodian may in its absolute discretion at any time accept oral, wired or electronically transmitted instructions from Principal a Fund or Manager provided Custodian believes in good faith that the instructions Instructions are genuine. Further, Custodian may in good faith assume that any written or oral instructions received hereunder are consistent with the provisions of organizational documents of the Principal a Fund or of any vote, resolution or proceeding of the Principala Fund’s board of directors of the Principal’s shareholdersdirectors, unless and until Custodian receives written instructions to the contrary. 12.

Appears in 2 contracts

Samples: Global Custody Agreement (Venture Lending & Leasing IX, Inc.), Global Custody Agreement (Venture Lending & Leasing VIII, Inc.)

Reliance on Instructions. Except as otherwise provided herein, all instructions shall be in writing, and shall continue in force until changed by subsequent instructions. Pending receipt of written authority, Custodian may in its absolute discretion at any time accept oral, wired or electronically transmitted instructions from Principal or Manager provided Custodian believes in good faith that the instructions are genuine. Further, Custodian may assume that any written or oral instructions received hereunder are consistent with the provisions of organizational documents of the Principal or of any vote, resolution or proceeding of the Principal’s 's board of directors of the Principal’s shareholderstrustees, unless and until Custodian receives written instructions to the contrary.

Appears in 1 contract

Samples: Global Custody Agreement for Foreign and Domestic Securities (Winton Series Trust)

Reliance on Instructions. Except as otherwise provided herein, all instructions shall be in writing, and shall continue in force until changed by subsequent instructions. Pending receipt of written authority, Custodian may in its absolute discretion at any time accept oral, wired or electronically transmitted instructions from Principal or Manager provided Custodian exercises reasonable care and believes in good faith that the instructions are genuine. Further, Custodian may assume that any written or oral instructions received hereunder are consistent with the provisions of organizational documents of the Principal or of any vote, resolution or proceeding of the Principal’s board of directors of the Principal’s shareholders, unless and until Custodian receives written instructions to the contrary.

Appears in 1 contract

Samples: Global Custody Agreement (CC Real Estate Income Fund-T2)

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Reliance on Instructions. Except as otherwise provided herein, all instructions shall be in writing, and shall continue in force until changed by subsequent instructions. Pending receipt of written authority, Custodian may in its absolute discretion at any time accept oral, wired or electronically transmitted instructions from Principal or Manager provided Custodian believes in good faith that the instructions are genuine. Further, Custodian may assume that any written or oral instructions received hereunder are consistent with the provisions of organizational documents of the Principal or of any vote, resolution or proceeding of the Principal’s board of directors of or the Principal’s shareholders, unless and until Custodian receives written instructions to the contrary.

Appears in 1 contract

Samples: Custody Agreement (Resource Real Estate Diversified Income Fund)

Reliance on Instructions. Except as otherwise provided herein, all instructions shall be in writing, writing and shall continue in force until changed by subsequent instructions. Pending receipt of written authority, Custodian may in its absolute discretion at any time accept oral, wired or electronically transmitted instructions from Principal Trust or Manager provided Custodian believes in good faith that the instructions are genuine. Further, Custodian may assume that any written or oral instructions received hereunder are consistent with the provisions of organizational documents of the Principal Trust or of any vote, resolution or proceeding of the Principal’s Trust's board of directors of the Principal’s Trust's shareholders, unless and until Custodian receives written instructions to the contrary.

Appears in 1 contract

Samples: Global Custody Agreement (Tilson Investment Trust)

Reliance on Instructions. Except as otherwise provided herein, all instructions shall be in writing, and shall continue in force until changed by subsequent instructions. Pending receipt of written authority, Custodian may in its absolute discretion at any time accept oral, wired or electronically transmitted instructions from Principal a Fund or Manager provided Custodian believes in good faith that the instructions Instructions are genuine. Further, Custodian may in good faith assume that any written or oral instructions received hereunder are consistent with the provisions of organizational documents of the Principal a Fund or of any vote, resolution or proceeding of the Principala Fund’s board of directors of the Principal’s shareholdersdirectors, unless and until Custodian receives written instructions to the contrary.

Appears in 1 contract

Samples: Global Custody Agreement (WTI Fund X, Inc.)

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