Common use of Discharge of Duty Clause in Contracts

Discharge of Duty. The Indemnified Representative shall be deemed to have discharged such person’s duty to the Corporation if the Indemnified Representative has relied in good faith on information, opinions, reports or statements, including financial statements and other financial data, prepared by: (a) one or more officers or employees of the Corporation whom the Indemnified Representative reasonably believes to be reliable and competent with respect to the matter presented; (b) legal counsel, public accountants or other persons as to matters that the Indemnified Representative reasonably believes are within the person’s professional or expert competence; or (c) a committee of the Board of Directors of the Corporation upon which he does not serve as to matters within its area of designated authority, which committee he reasonably believes to merit confidence.

Discharge of Duty. The Indemnified Representative shall be deemed to have discharged such person’s 's duty to the Corporation if the Indemnified Representative has relied in good faith on information, opinions, reports or statements, including financial statements and other financial data, prepared by: (a) one or more officers or employees of the Corporation whom the Indemnified Representative reasonably believes to be reliable and competent with respect to the matter presented; (b) legal counsel, public accountants or other persons as to matters that the Indemnified Representative reasonably believes are within the person’s 's professional or expert competence; or (c) a committee of the Board of Directors of the Corporation upon which he does not serve as to matters within its area of designated authority, which committee he reasonably believes to merit confidence.

Discharge of Duty. The Indemnified Representative shall be deemed to have discharged such person’s 's duty to the Corporation if the Indemnified Representative he or she has relied in good faith on information, opinions, reports or statements, including financial statements and other financial data, in each case prepared by:or presented by any of the following; (a) one or more officers or employees of the Corporation whom the Indemnified Representative reasonably believes to be reliable and competent with respect to the matter presented; (b) legal counsel, public accountants or other persons as to matters that the Indemnified Representative reasonably believes are within the person’s 's professional or expert competence; or (c) a committee of the Board of Directors of the Corporation upon on which he or she does not serve as to matters within its area of designated authority, which committee he or she reasonably believes to merit confidence.

Discharge of Duty. The Indemnified Representative shall be deemed to have discharged such person’s duty to the Corporation if the Indemnified Representative has relied in good faith on information, opinions, reports or statements, including financial statements and other financial data, prepared by: (a) one or more officers or employees of the Corporation whom the Indemnified Representative reasonably believes to be reliable and competent with respect to the matter presented; (b) legal counsel, public accountants accountants, financial advisors or other persons as to matters that the Indemnified Representative reasonably believes are within the person’s professional or expert competence; or (c) a committee of the Board of Directors of the Corporation upon which he does not serve as to matters within its area of designated authority, which committee he reasonably believes to merit confidence.