Common use of Reliance and Liability Clause in Contracts

Reliance and Liability. (a) Agent may, without incurring any liability hereunder, (i) treat the payee of any note issued hereunder as its holder until such note has been assigned in accordance with the terms of this Agreement, (ii) rely on the Register, (iii) consult with any advisors, accountants and other experts (including advisors to, and accountants and experts engaged by, any Loan Party) and (iv) rely and act upon any document and information (including those transmitted by electronic transmission) and any telephone message or conversation, in each case believed by it to be genuine and transmitted, signed or otherwise authenticated by the appropriate parties.

Appears in 3 contracts

Samples: Loan and Security Agreement (iLearningEngines, Inc.), Loan and Security Agreement (Cue Health Inc.), Loan and Security Agreement (Cue Health Inc.)

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Reliance and Liability. (a) The Agent may, without incurring any liability hereunder, (i) treat the payee of any note issued hereunder Lender as a Lender until its holder until such note commitment to make Loans has been assigned in accordance with the terms of this Agreement, Agreement (ii) rely on the Register, (iii) consult with any of its Related Persons and, whether or not selected by it, any other advisors, accountants and other experts (including advisors to, and accountants and experts engaged by, any Loan Partythe Company, the Transferor, the Servicer or the Manager) and (iviii) rely and act upon any document and information (including those transmitted by electronic transmission) and any telephone message or conversation, in each case believed by it to be genuine and transmitted, signed or otherwise authenticated by the appropriate parties.

Appears in 1 contract

Samples: Loan and Security Agreement (Iconix Brand Group, Inc.)

Reliance and Liability. (a) Administrative Agent may, without incurring any liability hereunder, (i) treat the payee of any note issued hereunder Note as its holder until such note Note has been assigned in accordance with the terms of this AgreementSection 10.5, (ii) rely on the Register, (iii) consult with any of its Related Persons and, whether or not selected by it, any other advisors, accountants and other experts (including advisors to, and accountants and experts engaged by, any Loan PartyRestricted Person) and (iviii) rely and act upon any document and information (including those transmitted by electronic transmission) and any telephone message or conversation, in each case believed by it to be genuine and transmitted, signed or otherwise authenticated by the appropriate parties.

Appears in 1 contract

Samples: Credit Agreement (Energy Partners LTD)

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Reliance and Liability. (a) Agent may, without incurring any liability hereunder, (i) treat the payee of any note issued hereunder Note as its holder until such note Note has been assigned in accordance with the terms of this Agreement, (ii) rely on the Register, (iii) consult with any advisors, accountants and other experts (including advisors to, and accountants and experts engaged by, any Loan Credit Party) and (iv) rely and act upon any document and information (including those transmitted by electronic transmission) and any telephone message or conversation, in each case believed by it to be genuine and transmitted, signed or otherwise authenticated by the appropriate parties.

Appears in 1 contract

Samples: Loan and Security Agreement (XCel Brands, Inc.)

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