Common use of Relationship to Third Parties Clause in Contracts

Relationship to Third Parties. In order that the negotiability or transferability of the Investments shall not be limited and notwithstanding the provisions of Section 7 of this Agreement, the Principal acknowledges that every person or entity dealing with the Agent shall be justified and protected in relying upon the authority of the Agent to act for and on behalf of the Principal in the purchase, sale, hypothecation, transfer or other acquisition or disposition of Investments and shall not be required to ascertain whether the approval or direction of the Principal or its representatives has been obtained.

Relationship to Third Parties. In order that the negotiability or transferability of the Investments shall not be limited and notwithstanding the provisions of Section 7 6 of this Agreement, the Principal acknowledges that every person or entity dealing with the Agent shall be justified and protected in relying upon the authority of the Agent to act for and on behalf of the Principal in the purchase, sale, hypothecation, transfer or other acquisition or disposition of Investments and shall not be required to ascertain whether the approval or direction of the Principal or its representatives has been obtained.