Common use of Directions And Instructions Clause in Contracts

Directions And Instructions. All directions to the Custodian from Wells Fargo shall be in writing (provided that the Custodian ma▇, ▇▇ its discretion, accept oral directions subject to confirmation in writing), and the Custodian shall be fully protected in acting in accordance therewith or for failing to act in the absence thereof. Wells Fargo shall certify to the Custodian the names and specim▇▇ ▇▇gnatures of persons authorized to act for Wells Fargo in relation to the Custodian. Communications to the ▇▇▇▇odian shall be sent to its offices at One Boston Place, Boston, Massachusetts 02108 or to such other ▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇ ▇uch communications shall be binding upon the Custodian when received by it. Notwithstanding anything herein to the contrary, the Custodian shall be fully protected in acting in accordance with directions with respect to securities transactions (including without limitation the affirmation and/or confirmation of such transactions) received by it through a system or arrangement for the coordination of securities transaction settlements operated by The Depository Trust Company or by any central securities depository, securities clearing organization or book entry system which serves to link investment managers, securities brokers and custodian banks, pursuant to an agreement entered into by the Custodian and Wells Fargo to the same extent as if the directions were in wri▇▇▇▇.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Mellon Residential Funding Corp Mor Pas THR Cer Ser 01 Tbc1)

Directions And Instructions. All directions to the Custodian from Wells Fargo shall be in writing (provided that the Custodian ma▇may, in i▇▇ its discretion▇▇scretion, accept oral directions subject to confirmation in writing), and the Custodian shall be fully protected in acting in accordance therewith or for failing to act in the absence thereof. Wells Fargo shall certify to the Custodian the names and specim▇▇ specimen sign▇▇gnatures ▇▇▇s of persons authorized to act for Wells Fargo in relation to the Custodian. Communications to the Custod▇▇▇odian shall hall be sent to its offices at One Boston Place, Boston, Massachusetts 02108 or to such other ▇▇▇▇▇▇▇ address ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇ ▇uch communications ▇▇▇ ▇▇▇munications shall be binding upon the Custodian when received by it. Notwithstanding anything herein to the contrary, the Custodian shall be fully protected in acting in accordance with directions with respect to securities transactions (including without limitation the affirmation and/or confirmation of such transactions) received by it through a system or arrangement for the coordination of securities transaction settlements operated by The Depository Trust Company or by any central securities depository, securities clearing organization or book entry system which serves to link investment managers, securities brokers and custodian banks, pursuant to an agreement entered into by the Custodian and Wells Fargo to the same extent as if the directions were in wri▇▇▇▇writing.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Mellon Residential Funding Corp)