Common use of Rights of the Auction Agent Clause in Contracts

Rights of the Auction Agent. (a) The Auction Agent may conclusively rely on and shall be fully protected in acting or refraining from acting upon any communication authorized hereby and upon any written instruction, notice, request, direction, consent, report, certificate, security certificate or other instrument, paper, document or communication reasonably believed by it to be genuine. The Auction Agent shall not be liable for acting, or refraining from action, upon any communication made by telephone, Electronic Means or other means acceptable to the parties and authorized hereby which the Auction Agent believes (or has no reason not to believe) to have been given by the Trustee, a Broker-Dealer, the Corporation, the Issuer or the Securities Depository. The Auction Agent may record telephone communications with the Trustee, the Issuer, the Corporation or BD.

Appears in 9 contracts

Samples: www.sifma.org, Broker Dealer Agreement (National Collegiate Student Loan Trust 2007-3), Broker Dealer Agreement (National Collegiate Student Loan Trust 2007-4)

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Rights of the Auction Agent. (a) The Auction Agent may conclusively rely on and shall be fully protected in acting or refraining from acting upon any communication authorized hereby and upon any written instruction, notice, request, direction, consent, report, certificate, security certificate or other instrument, paper, paper or document or communication reasonably believed by it to be genuine. The Auction Agent shall not be liable for acting, or refraining from action, acting upon any communication made by telephone, Electronic Means or other means acceptable to the parties and authorized hereby which the Auction Agent believes (or has no reason not to believe) to have been given by the Trustee, a Broker-Dealer, the Corporation, the Issuer or the Securities Depository. The Auction Agent may record telephone communications with the TrusteeIssuer, the Issuer, the Corporation Trustee or BDwith the Broker-Dealers or any one or more of them.

Appears in 2 contracts

Samples: Auction Agreement (National Collegiate Student Loan Trust 2007-3), Auction Agreement (National Collegiate Student Loan Trust 2007-4)

Rights of the Auction Agent. (a) The Auction Agent may conclusively rely on and shall be fully protected in acting or refraining from acting upon any communication authorized hereby and upon any written instruction, notice, request, direction, consent, report, certificate, security form or preferred share certificate or other instrument, paper, document or communication reasonably believed by it to be genuine. The Auction Agent shall not be liable for acting, or refraining from action, upon any communication made by telephone, Electronic Means or other means acceptable to the parties and authorized hereby which the Auction Agent believes (or has no reason not to believe) to have been given by the Trustee, a Broker-Dealer, the Corporation, the Issuer particular party or the Securities Depositoryparties. The Auction Agent may record telephone communications with the Trustee, the Issuer, the Corporation Fund or BD.

Appears in 1 contract

Samples: Broker Dealer Agreement (Advent/Claymore Global Convertible Securities & Income Fund)

Rights of the Auction Agent. (a) The Auction Agent may conclusively rely on and shall be fully protected in acting or refraining from acting upon any communication authorized hereby and upon any written instruction, notice, request, direction, consent, report, certificate, security form or preferred share certificate or other instrument, paper, document or communication reasonably believed by it to be genuine. The Auction Agent shall not be liable for acting, or refraining from action, upon any communication made by telephone, Electronic Means or other means acceptable to the parties and authorized hereby which the Auction Agent believes (or has no reason not to believe) to have been given by the Trustee, a Broker-Dealer, the Corporation, the Issuer particular party or the Securities Depositoryparties. The Auction Agent may record telephone communications with the Trustee, the Issuer, the Corporation Fund or BD.

Appears in 1 contract

Samples: Broker Dealer Agreement (Cohen & Steers Global Income Builder, Inc)

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Rights of the Auction Agent. (a) The Auction Agent may conclusively rely on upon, and shall be fully protected in acting or refraining from acting upon upon, any communication authorized hereby and upon any such written instruction, notice, request, direction, consent, report, certificate, security share certificate or other instrument, paper, paper or other document or communication reasonably believed by it to be genuine. The Auction Agent shall not be liable for acting, or refraining from actionacting, in good faith upon any such communication made by telephone, Electronic Means facsimile or other means electronic communication acceptable to the parties and authorized hereby which the Auction Agent reasonably believes (or has no reason not to believe) to have been given by the Trustee, a Broker-Dealer, the Corporation, the Issuer particular party or the Securities Depositoryparties. The Auction Agent may record telephone communications with the TrusteeBroker-Dealers, and each of such Broker-Dealers may record telephone communications with the Issuer, the Corporation or BDAuction Agent.

Appears in 1 contract

Samples: Broker Dealer Agreement

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