Common use of Authenticity and Authority Clause in Contracts

Authenticity and Authority. Each of the Ally Parties may rely and act upon any form of communication purportedly sent by Dealership as the authentic and duly authorized act of Dealership, in the implementation or furtherance of the purposes of this Agreement, whether by electronic, computer, telegraphic, facsimile, telephonic, personal or paper delivery, transmission, or otherwise; provided such Ally Party: (a) acts in good faith; (b) has no actual knowledge of information to the contrary; and (c) the practice is customary with dealers generally or Dealership specifically. The Ally Parties have no obligation to scrutinize, inquire, or confirm any communication.

Appears in 9 contracts

Samples: Inventory Financing and Security Agreement (Carvana Co.), Inventory Financing and Security Agreement (Carvana Co.), Inventory Financing and Security Agreement (Shift Technologies, Inc.)

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Authenticity and Authority. Each of the Ally Parties may rely and act upon any form of communication purportedly sent by Dealership as the authentic and duly authorized act of Dealership, in the implementation or furtherance of the purposes of this Agreement, whether by electronic, computer, telegraphic, facsimile, telephonic, personal or paper delivery, transmission, or otherwise; provided such Ally Party: (a) i. acts in good faith; (b) ii. has no actual knowledge of information to the contrary; and (c) iii. the practice is customary with dealers generally or Dealership specifically. The Ally Parties have no obligation to scrutinize, inquire, or confirm any communication.

Appears in 1 contract

Samples: Inventory Financing and Security Agreement (Vroom, Inc.)

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