PROTECTION OF BANK. Except as required by Paragraph 3 hereof, the Bank shall have no duty to determine that the amount and form of assets constituting Collateral comply with any applicable requirements. The Bank may rely and shall be protected in acting upon any notice, instruction, or other communication which it reasonably believes to be genuine and authorized.
Appears in 6 contracts
Samples: Escrow and Security Agreement (Dobson Wireline Co), Collateral Pledge and Security Agreement (Dobson Sygnet Communications Co), Collateral Pledge and Security Agreement (Long Distance International Inc)
PROTECTION OF BANK. Except as required by Paragraph Section 3 hereof, the Bank shall have no duty to determine that the amount and form of assets constituting Collateral comply with any applicable requirements. The Bank may rely and shall be protected in acting upon any notice, instruction, or other communication which it reasonably believes to be genuine and authorized.
Appears in 1 contract
Samples: Escrow and Security Agreement (Wellcare Management Group Inc)
