Common use of Guidelines and Instructions Clause in Contracts

Guidelines and Instructions. Attached hereto as Exhibit B is a statement of the investment objectives of Client together with a statement of any and all specific investment restrictions applicable to the investment of the Account (the "Guidelines"). Client shall have the right at all times to modify the Guidelines or to give the Manager Instructions to buy, sell or retain any investment, but no modification of the Guidelines and no Instructions or modifications of Instructions will be binding upon the Manager until the Manager has received written notice of them. The Guidelines and all Instructions, unless they expressly provide otherwise, shall continue effective until duly cancelled by subsequent modifications duly communicated to the Manager.

Appears in 1 contract

Sources: Investment Management Agreement (Franklin Resources Inc)

Guidelines and Instructions. Attached hereto as Exhibit B is a statement of the investment objectives of Client together with a statement of any and all specific investment restrictions applicable to the investment of the Account (the "Guidelines"). Client shall have the right at all times to modify the Guidelines or to give the Manager Instructions to buy, sell or retain any investment, but no modification of the Guidelines and no Instructions or modifications of Instructions will be binding upon the Manager until the Manager has received written notice of them. The Guidelines and all Instructions, unless they expressly provide otherwise, shall continue effective until duly cancelled canceled by subsequent modifications duly communicated to the Manager.

Appears in 1 contract

Sources: Investment Management Agreement (Franklin Resources Inc)