Common use of Limitation on Liability of Company and Others Clause in Contracts

Limitation on Liability of Company and Others. The Company and any director or officer or employee or agent of the Company may rely in good faith on the advice of counsel or on any document of any kind prima facie properly executed and submitted by any Person respecting any matters arising under this Agreement. The Company shall not be under any obligation to appear in, prosecute or defend any legal action that is not incidental to its obligations as Company of the Receivables under this Agreement and that in its opinion may involve it in any expense or liability.

Limitation on Liability of Company and Others. The Company and any director or officer or employee or agent of the Company may rely in good faith on the advice of counsel or on any document of any kind kind, prima facie properly executed and submitted by any Person respecting any matters arising under this Agreementany Basic Document (provided that such reliance shall not limit in any way Company's obligations under Section 6.3). The Company shall not be under any obligation to appear in, prosecute or defend any legal action that is shall not be incidental to its obligations as Company of the Receivables under this Agreement Agreement, and that in its opinion may involve it in any expense or liability.