Common use of CERTIFICATE OF IDEAL Clause in Contracts

CERTIFICATE OF IDEAL. the Security Trustee may call for and may accept as sufficient evidence a certificate of Ideal signed by any director of Ideal to the effect that any particular dealing, transaction, step or thing is, in the opinion of such director, suitable or expedient or as to any other fact or matter upon which the Security Trustee may, in the exercise of any of its rights, powers or duties hereunder, require to be satisfied and the Security Trustee need not call for further evidence and will not be responsible to anyone for any loss or damage occasioned by acting on any such certificate;