Common use of Reliance by Bank Clause in Contracts

Reliance by Bank. The Bank shall be entitled to rely upon any writing, facsimile transmission, resolution, notice, consent, certificate, letter, cablegram, statement, order or other document or conversation by telephone or otherwise believed by it to be genuine and correct and to have been signed, sent or made by an authorized person and upon opinions of counsel and other professional advisers selected by the Bank.

Reliance by Bank. The Bank shall be entitled to rely upon any writing, facsimile transmissiontelegram, telex or teletype message, resolution, notice, consent, certificate, letter, cablegram, statement, order or other document or conversation by telephone or otherwise believed by it to be genuine and correct and to have been signed, sent or made by an authorized person and upon opinions of counsel and other professional advisers selected by the Bank.