Actions Protected Sample Clauses
The "Actions Protected" clause defines which actions or behaviors are shielded from liability or legal challenge under the agreement. Typically, this clause specifies that certain decisions, omissions, or activities—such as those taken in good faith or within the scope of contractual duties—are protected from claims or penalties by the other party. For example, it may cover actions taken by a party in reliance on the contract's terms or in response to unforeseen circumstances. The core function of this clause is to provide assurance and legal certainty, protecting parties from repercussions when acting within agreed boundaries and thereby reducing the risk of disputes over legitimate conduct.
Actions Protected. Escrow Agent may rely, and shall be protected in acting or refraining from acting, upon any written notice, waiver, consent, certificate, receipt, authorization, power of attorney, instruction, request or other paper or document (each a “Notice”), furnished to it hereunder and believed by it to be genuine. If Escrow Agent receives a Notice under which some action is to be taken by it, it shall not be required to act thereon until it has had an opportunity, if it so desires and in its sole discretion, to investigate the authenticity of such Notice.
Actions Protected. Escrow Agent shall be protected absolutely in acting on any written notice, request, waiver, consent, certificate, receipt, authorization, power of attorney or other paper or document provided by TEPI or DLB which Escrow Agent in good faith believes to be genuine and what it purports to be. Escrow Agent shall not be obligated to make any inquiry as to the