Authorised Instructions. The Custodian shall be entitled to rely upon any Instructions actually received by the Custodian and reasonably believed by the Custodian to be from an Authorised Person of an Instructing Party (“Authorised Instructions”) and shall not incur any liability to any person for relying upon any such Authorised Instruction. The Custodian is under no duty to question any Authorised Instruction. The Custodian may in its sole discretion decline to act upon any instruction (whether or not an Authorised Instruction) which is insufficient, incomplete or is not received by the Custodian in sufficient time for the Custodian to act upon or which may breach any applicable law, rule or regulation.
Appears in 2 contracts