Common use of No Duty to Inquire Clause in Contracts

No Duty to Inquire. All persons dealing with the Sponsor Body have no duty to inquire into any decision or authority of the Sponsor Body or into the ability of the Sponsor Body to receive any monies, securities or other property paid or delivered to the Sponsor Body and may rely upon any document required to be executed by the Sponsor Body which has been executed as provided in this Agreement, as having been duly authorized.

No Duty to Inquire. All persons dealing with the Sponsor Body Board have no duty to inquire into any decision or authority of the Sponsor Body Board or into the ability of the Sponsor Body Board to receive any monies, securities or other property paid or delivered to the Sponsor Body Board and may rely upon any document required to be executed by the Sponsor Body Board which has been executed as provided in this Sponsorship Agreement, as having been duly authorized.

No Duty to Inquire. All persons dealing with the Sponsor Body Board have no duty to inquire into any decision or authority of the Sponsor Body Board or into the ability of the Sponsor Body Board to receive any monies, securities or other property paid or delivered to the Sponsor Body Board and may rely upon any document required to be executed by the Sponsor Body Board which has been executed as provided in this Agreement, as having been duly authorized.