AG 2006 09 25 Regular - Laserfiche WebLink

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- 5- 4. Custodian shall be lU)der no obligation to take action to collect any amount payable on U.S. Securities in default, or if payment Is refused after due demand lmd presentment. 5. Custodian shall have, no duty or responsibility to inquire into, make recommendations, supervise, or determine the suitability of any transactions affecting any Account. 6. Customer shall pay to Custodian the fees and charges as may be specifically agreed upon from time to time and such other fees and charges at Custodian's still1dard rates for such services as may be applicable. Customer shall reimburse Custodian for all costs associated with the conversion of Customer's u.s. Securities hereunder and the transfer of U.s. Securities and records kept in connection with this Agreement. Custpmer shall also reimburse Custodian for out-of-pocket expenses which are a normal incident of the services provided hereunder. Custodian may debit the Account for amounts payable hereunder which remain in arrears for over 60 days. 7. In addition to the rights of Custodian under applicable law and other agreements, at any time when Customer shall not have honored any and all of its obligations to Custodian, whether or not relating to or arising under this Agreement, Custodian shall have the right without notice to Customer to retain or set-off, against such obligations of Customer, any U.S. Securities or cash Custodian or a BNY Affiliate may dir~ctly or indirectly hold for the account of Customer, and any obligations (whether matured or unmatured) that Custodian or a BN\'! Affiliate may have to Customer. Any such asset of, or obligation to, Customer may be transferred to Custodian and any BNY Affiliate in order to effect the above rights. 8. (a) Subject to the terms below, Custodian shall be entitled to rely upon any Written or Oral Instructions actually received by Custodian and reasonably' believed by Custodian to be duly authorized and delivered. Customer agrees to forward to Custodian Written Instructions conf1l1I\ing Oral Instructions by the close of business of the same day that such Oral Instructions are given to Custodian. Customer agrees that the fact that such confmning Written Instructions are not received or that contrary Written Instructions are received by Custodian shall in no way affect the validity or enforceability of transactions authorized by such Oral Instructions and effected by Custodian. (b) If Custodian receives, Written Instructions which appear on their face to have been transmitted by Customer via (i) computer facsimile, email, the Intemet pr other insecure electronic method, or (ii) secure electronic transmission containing applicable authorization codes, passwotds and/or, authentication keys, Customer understands and agrees that Custodian cannot determine the identity of the actual sender of such Wtitten Instructions and that Custodian shall conclusively presume that such Written Instructions have been sent by an Authorized Per~on. Customer shall be responsible for ensuring that only Authorized Persons transmit such Written Instructions to Custodian and that all Authorized Persons treat applicable user and authorization codes, passwords and/or authentication keys with extreme care. (c) Customer acknow1ed*es and agrees that it is fully informed of the protections and risks associated with the various methods of transmitting Written Instr\ictions to Custodian and that there may be more secure methods of transmitting Written Instructions than the methodes) selectrd by Customer. Customer agrees that the security procedures (if any) to be followed in connection with its transmission of W~itten Instructions provide to it a commercially reasonable degree of protection in light of its particular needs and circumstances. (d) If Customer elects to; transmit Written Instructions through an on-line communication system offered by Custodian, Customer's use thereof shall be subjept to the Terms and Conditions attached hereto as Appendix 1. If Customer elects (with Custodian's prior consent) to transmit 1mitten instructions through an on-line communications service owned or operated by a third party, Customer agrees that Custodian s~all not be responsible or liable for the reliability or availability of any such service. 9. Upon reasonable re<\Uest and provided Custodian shall suffer no significant disruption of its normal activities, Customer shall have access to Custodiajl's books and records relating to the Account during Custodian's normal business hours. Upon reasonable request, copies of any such ~ooks and records shall be provided to Customer at Customer's expense. 10. It is understood that Custodian is authorized to supply any information regarding the Account which is required by any law, regulation or rule now or here~fter in effect. 11. Custodian shall not b~ responsible or liable for any failure or delay in the performance of its obligations under this Agreement arising out of or caused, directly or indirectly, by circumstances beyond its reasonable control, including without limitation, acts of God; earthquakes; fires; floods; wars; civil or military disturbances; sabotage; epidemics; riots; interruptions, loss or malfunctions of utilities, computer (h4rdware or software) or communications service; accidents; labor disputes; acts of civil or military authority or governmental actions; it being understood that Custodian shall use its best efforts to resume performance as soon as practicable under the circumstances. F~ 11'