2016/06/01 Council Agenda Packet

• 10 . . shall make no transaction without instructions from the Agency, except the advance crediting of principal, interest, and other proceeds to the Agency's clearing account. 43. NOTICES Notices and other writings shall be delivered by the most expeditious means available, with due regard given to the time sensitivity of the notice or demand being made: To the Agency: To the Bank: Wells Fargo Bank. N.A. 999 3rd Ave 11th Floor,MAC P6540-11H Seattle, WA 98104-4019 Attention: Cindy M. Parsons or to such other address as the Agency or the Bank may hereafter specify in writing. Telephone and facsimile notices shall be sufficient if communicated to the party entitled to receive such notice at the following numbers: If to the Agency: Telephone: ' Fax: If to the Bank: Telephone: : 206-292-3469 Fax: 206-292-3682 or to such other numbers as either party may furnish the other party by written notice under this section. The Bank agrees to accept and act upon instructions or directions pursuant to this Agreement sent by unsecured e-mail, facsimile transmission or other similar unsecured electronic methods, provided, however, that, the Bank shall have received an incumbency certificate listing persons designated to give such instructions or directions and containing specimen signatures of such designated persons, which such incumbency certificate shall be amended and replaced whenever a person is to be added or deleted from the listing. If the Agency elects to give the Bank e-mail or facsimile instructions (or instructions by a similar electronic method) and the Bank in its discretion elects to act upon such instructions, the Bank's reasonable understanding of such instructions shall be deemed controlling. The Bank shall not be liable for any losses, costs or expenses arising directly or indirectly from the Bank's reliance upon and compliance with instructions Statewide Custody Provider Program Agreement for Custody Services 22 1 24