Common use of Lack of Reliance on Agent Clause in Contracts

Lack of Reliance on Agent. The Agent shall not be responsible to the Capital Protection Provider for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith or for the execution, effectiveness, genuineness, validity, enforceability, collectibility or sufficiency of any Capital Protection Document or the financial condition of the Fund or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of any Capital Protection Document, or the financial condition of the Fund or the existence or possible existence of any Fund Event or Knock-Out Event until such time as the Agent has actually received notice from the Capital Protection Provider or the Fund referring to this Agreement, describing such Fund Event or Knock-Out Event and stating that such notice is a notice of default, a notice of a Fund Event or a notice of a Knock-Out Event, as the case may be.