Common use of Timeliness of Instructions Clause in Contracts

Timeliness of Instructions. When the Custodian has established specific timing requirements or deadlines with respect to particular classes of Instruction (and notified the Fund of such requirements or deadlines), or when an Instruction is received by the Custodian at such a time that it could not reasonably be expected to have acted on such instruction due to time zone differences or other factors beyond its reasonable control, the execution of any Instruction received by the Custodian after such deadline or at such time (including any modification or revocation of a previous Instruction) shall be at the risk of the Fund.

Appears in 2 contracts

Samples: Custodian Agreement (Nicholas Applegate Convertible & Income Fund), Custodian Agreement (Nicholas Applegate Convertible & Income Fund Ii)

AutoNDA by SimpleDocs

Timeliness of Instructions. When the Custodian has established specific timing requirements or deadlines with respect to particular classes of Instruction (and notified the Fund Trust of such requirements or deadlines), or when an Instruction is received by the Custodian at such a time that it could not reasonably be expected to have acted on such instruction due to time zone differences or other factors beyond its reasonable control, the execution of any Instruction received by the Custodian after such deadline or at such time (including any modification or revocation of a previous Instruction) shall be at the risk of the FundTrust.

Appears in 1 contract

Samples: Exhibit 1 Custodian Agreement (Gmo Trust)

AutoNDA by SimpleDocs

Timeliness of Instructions. When the Custodian has established specific timing requirements or deadlines with respect to particular classes of Instruction (and notified the Fund Trust of such requirements or deadlines), or when an Instruction is received by the Custodian at such a time that it could not reasonably be expected to have acted on such instruction due to time zone differences or other factors beyond its .its reasonable control, the execution of any Instruction received by the Custodian after such deadline or at such time (including any modification or revocation of a previous Instruction) shall be at the risk of the FundTrust.

Appears in 1 contract

Samples: Conforming Custodian Agreement (GMO Series Trust)

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