Common use of Communications and Statements Clause in Contracts

Communications and Statements. The Client agrees that communications, notices and announcements by the Custodian and statements or advices with regard to Securities or Cash may be made available by electronic form only. The Client shall notify the Custodian promptly in writing of any errors or corrections of which the Client has knowledge in a statement or advice within sixty (60) days from the date on which the statement or advice is sent or made available to the Client. If Client does not provide such notice, the statement or advice shall be deemed to have been approved, and in such case, the Custodian shall not be liable for any claims concerning such statement.