Common use of Parties Dealing With the Liquidation Trustee Clause in Contracts

Parties Dealing With the Liquidation Trustee. In the absence of actual knowledge to the contrary, any Person dealing with the Liquidation Trust or the Liquidation Trustee shall be entitled to rely on the authority of the Liquidation Trustee or any of the Liquidation Trustee’s agents to act in connection with the Liquidation Trust Assets. No Person that may deal with the Liquidation Trustee shall have any obligation to inquire into the validity or expediency or propriety of any transaction by the Liquidation Trustee or any agent of the Liquidation Trustee.

Parties Dealing With the Liquidation Trustee. In the absence of actual knowledge to the contrary, any Person person dealing with the Liquidation Trust or the Liquidation Trustee shall be entitled to rely on the authority of the Liquidation Trustee or any of the Liquidation Trustee’s agents to act in connection with the Liquidation Trust Assets. No There is no obligation on any Person that may deal dealing with the Liquidation Trustee shall have any obligation to inquire into the validity or validity, expediency or propriety of any transaction by the Liquidation Trustee or any agent of the Liquidation Trustee.