Common use of Actions of the Representative Clause in Contracts

Actions of the Representative. A decision, act, consent or instruction of the Representative shall constitute a decision of all Beneficiaries and shall be final, binding and conclusive upon each Beneficiary, and Spinco may rely upon any decision, act, consent or instruction of the Representative as being the decision, act, consent or instruction of each Beneficiary. Spinco is hereby relieved from any liability to any person for any acts done by Spinco in accordance with any such decision, act, consent or instruction of the Representative.

Appears in 7 contracts

Samples: Tax Receivable Agreement (Veritiv Corp), Tax Receivable Agreement (Veritiv Corp), Tax Receivable Agreement (Veritiv Corp)

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