Common use of Time to act Clause in Contracts

Time to act. If the Bank decides to act on any instruction, the Bank shall be allowed such amount of time to act and implement any instruction as may be reasonable having regard to the systems and operations of the Bank and the other circumstances then prevailing and shall not be liable for any Loss arising from any delay on the part of the Bank in acting on any such instruction.

Appears in 2 contracts

Sources: Investment Services Agreement, Investment Services Agreement