Common use of Acting on instructions Clause in Contracts

Acting on instructions. Method of Instruction and Unclear Instructions (a) The Customer authorizes J.▇. ▇▇▇▇▇▇ to accept, rely upon and/or act upon any Instructions received by it without inquiry. The Customer will indemnify the J.▇. ▇▇▇▇▇▇ Indemnitees against, and hold each of them harmless from, any Liabilities that may be imposed on, incurred by, or asserted against the J.▇. ▇▇▇▇▇▇ Indemnitees as a result of any action or omission taken in accordance with any Instruction. (b) To the extent possible, instructions to J.▇. ▇▇▇▇▇▇ shall be sent via electronic instruction or trade information system acceptable to J.▇. ▇▇▇▇▇▇ or via facsimile transmission. Where reasonably practicable, the Customer will use automated and electronic methods of sending Instructions. (c) J.▇. ▇▇▇▇▇▇ shall promptly notify an Authorized Person if J.▇. ▇▇▇▇▇▇ determines that an Instruction does not contain all information reasonably necessary for J.▇. ▇▇▇▇▇▇ to carry out the Instruction. J.▇. ▇▇▇▇▇▇ may decline to act upon an Instruction if it does not receive clarification or confirmation satisfactory to it. J.▇. ▇▇▇▇▇▇ will not be liable for any loss arising from any reasonable delay in carrying out any such Instruction while it seeks information, clarification or confirmation or in declining to act upon any Instruction for which it does not receive clarification satisfactory to it.

Acting on instructions. Method of Instruction and Unclear Instructions (a) The Customer Lender authorizes J.▇.▇. ▇▇▇▇▇▇ to accept, rely upon and/or accept and act upon any Instructions received by it without inquiry. The Customer Lender will indemnify the J.▇.▇. ▇▇▇▇▇▇ Indemnitees against, and hold each of them harmless from, any Liabilities that may be imposed on, incurred by, or asserted against the J.▇.▇. ▇▇▇▇▇▇ Indemnitees as a result of any action or omission taken in accordance with any Instruction. (b) To the extent possible, instructions to J.▇. ▇▇▇▇▇▇ shall be sent via electronic instruction or trade information system acceptable to J.▇. ▇▇▇▇▇▇ or via facsimile transmission. Where Lender will where reasonably practicable, the Customer will practicable use automated and electronic methods of sending Instructions. (c) J.▇.▇. ▇▇▇▇▇▇ shall promptly notify an Authorized Person if J.▇.▇. ▇▇▇▇▇▇ determines that an Instruction does not contain all information reasonably necessary for J.▇.▇. ▇▇▇▇▇▇ to carry out the Instruction. J.▇.▇. ▇▇▇▇▇▇ may decline to act upon on an Instruction if it does not receive clarification or confirmation satisfactory reasonably necessary for ▇.▇. ▇▇▇▇▇▇ to itcarry out the Instruction. J.▇.▇. ▇▇▇▇▇▇ will not be liable for any loss arising from any reasonable delay in carrying out any such Instruction while it seeks any such missing information, clarification or confirmation or in declining to act upon any Instruction for which it does not receive clarification satisfactory to it. (d) Unless otherwise expressly provided, all Instructions shall continue in full force and effect until cancelled or superseded.