Completeness and Contents of Instructions. The Trust shall be responsible for assuring the adequacy and accuracy of Instructions. Particularly, upon any acquisition or disposition or other dealing in Investments and upon any delivery and transfer of any Investment or moneys, the person initiating the Instruction shall give the Sub-custodian an Instruction with appropriate detail. If the Sub-custodian determines that an Instruction is either unclear or incomplete, the Sub-custodian may give prompt notice of such determination to the Trust, and the Trust shall thereupon amend or otherwise reform the Instruction. In such event, the Sub-custodian shall have no obligation to take any action in response to the Instruction initially delivered until the redelivery of an amended or reformed Instruction.
Appears in 2 contracts
Sources: Sub Custody Agreement, Sub Custody Agreement (Cross Shore Discovery Fund)