Common use of Entitled to Rely Clause in Contracts

Entitled to Rely. The Collateral Trustee may conclusively rely upon any certificate, notice or other document (including any facsimile) reasonably believed by it to be genuine and correct and to have been signed or sent by or on behalf of the proper person or persons and need not investigate any fact or matter stated in any such document. The Collateral Trustee may seek and rely upon any judicial order or judgment, upon any advice, opinion or statement of legal counsel, independent consultants and other experts selected by it in good faith and upon any certification, instruction, notice or other writing delivered to it by the Company or any other Obligor in compliance with the provisions of this Agreement or delivered to it by any Secured Debt Representative as to the Secured Debtholders for whom it acts, without being required to determine the authenticity thereof or the correctness of any fact stated therein or the propriety or validity of service thereof. The Collateral Trustee may act in reliance upon any instrument comporting with the provisions of this Agreement or any signature reasonably believed by it to be genuine and may assume that any person purporting to give notice or receipt or advice or make any statement or execute any document in connection with the provisions hereof has been duly authorized to do so. To the extent an officer's certificate or an opinion of counsel is required or permitted under this Agreement to be delivered to the Collateral Trustee in respect of any matter, the Collateral Trustee may rely conclusively on such officer's certificate or opinion of counsel as to such matter.

Appears in 1 contract

Samples: Collateral Trust Agreement (NRG Energy Inc)

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Entitled to Rely. The Collateral Trustee may conclusively rely upon any certificate, notice or other document (including any facsimile) reasonably believed by it to be genuine and correct and to have been signed or sent by or on behalf of the proper person or persons and need not investigate any fact or matter stated in any such document. The Collateral Trustee Agent may seek and rely upon upon, and will be fully protected in relying upon, any judicial order or judgment, upon any advice, opinion or statement of legal counsel, independent consultants and other experts selected by it in good faith and upon any certification, instruction, notice or other writing delivered to it by the Company or any other Obligor Borrower in compliance with the provisions of this Agreement or delivered to it by the Administrative Agent or any Secured Debt Representative as to the Secured Debtholders for whom it actsSwap Counterparty, without being required to determine the authenticity thereof or the correctness of any fact stated therein or the propriety or validity of service thereof. The Collateral Trustee Agent may act in reliance upon any instrument comporting with the provisions of this Agreement or any signature reasonably believed by it to be genuine and may assume that any person Person purporting to give notice or receipt or advice or make any statement or execute any document in connection with the provisions hereof or the Security Instruments has been duly authorized to do so. To the extent an officer's certificate Officers’ Certificate or an opinion of counsel is required or permitted under this Agreement to be delivered to the Collateral Trustee Agent in respect of any matter, the Collateral Trustee Agent may rely conclusively on such officer's certificate Officers’ Certificate or opinion of counsel as to such mattermatter and such Officers’ Certificate or opinion of counsel shall be full warranty and protection to the Collateral Agent for any action taken, suffered or omitted by it under the provisions of this Agreement and the Security Instruments.

Appears in 1 contract

Samples: Intercreditor Agreement (Gastar Exploration Inc.)

Entitled to Rely. The Collateral Trustee may conclusively rely upon any certificate, notice or other document (including any facsimile) reasonably believed by it to be genuine and correct and to have been signed or sent by or on behalf of the proper person or persons and need not investigate any fact or matter stated in any such document. The Collateral Trustee Agent may seek and rely upon upon, and shall be fully protected in relying upon, any judicial order or judgment, upon any advice, opinion or statement of legal counsel, independent consultants and other experts selected by it in good faith and upon any certification, instruction, notice or other writing delivered to it by the Company Issuer or any other Obligor Guarantor in compliance with the provisions of this Agreement the Indenture or delivered to it by any Secured Debt Representative as to the Secured Debtholders for whom it acts, Holder without being required to determine the authenticity thereof or the correctness of any fact stated therein or the propriety or validity of service thereof. The Collateral Trustee Agent may act in reliance upon any instrument comporting with the provisions of this Agreement the Indenture or any signature reasonably believed by it to be genuine and may assume that any person Person purporting to give notice or receipt or advice or make any statement or execute any document in connection with the provisions hereof or the other Collateral Documents has been duly authorized to do so. To the extent an officer's certificate Officers’ Certificate or an opinion Opinion of counsel Counsel is required or permitted under this Agreement the Indenture to be delivered to the Collateral Trustee Agent in respect of any matter, the Collateral Trustee Agent may rely conclusively on an Officers’ Certificate or Opinion of Counsel as to such officer's certificate matter and such Officers’ Certificate or opinion of counsel as shall be full protection to such matterthe Collateral Agent for any action taken, suffered or omitted by it under the provisions of the Indenture and the other Collateral Documents.

Appears in 1 contract

Samples: General Security Agreement (United Maritime Group, LLC)

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Entitled to Rely. The Collateral Trustee Agent may rely conclusively rely upon any certificate, notice or other document (including any facsimileteletransmission) reasonably believed by it to be genuine and correct and to have been signed or sent by or on behalf of the proper person Person or persons Persons and need not investigate any fact or matter stated in any such document. The Collateral Trustee Agent may seek and rely upon any judicial order or judgment, upon any advice, opinion or statement of legal counsel, independent consultants and other experts selected by it in good faith and upon any certification, instruction, notice or other writing delivered to it by the Company Company, REIT or any other Obligor of the Guarantors in compliance with the provisions of this Agreement or delivered to it by any Secured Debt Representative either Trustee as to an Act of the Secured Debtholders for whom it actsApplicable Authorized Representative, without being required to determine the authenticity thereof or the correctness of any fact stated therein or the propriety or validity of service thereof. The Collateral Trustee Agent may act in reliance upon any instrument comporting comporting, in all material respects, with the provisions of this Agreement or any signature reasonably believed by it to be genuine and may assume that any person Person purporting to give notice or receipt or advice or make any statement or execute any document in connection with the provisions hereof has been duly authorized to do so. To the extent an officer's certificate Officer’s Certificate or an opinion Opinion of counsel Counsel is required or permitted under this Agreement to be delivered to the Collateral Trustee Agent in respect of any matter, the Collateral Trustee Agent may rely conclusively on such officer's certificate OFFICER’S Certificate or opinion Opinion of counsel Counsel as to such mattermatter in the absence of gross negligence or willful misconduct on the part of the Collateral Agent.

Appears in 1 contract

Samples: Collateral Agency and Intercreditor Agreement (CBL & Associates Limited Partnership)

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