Reliance by Depositor Sample Clauses
The 'Reliance by Depositor' clause establishes that the depositor is entitled to depend on certain representations, warranties, or information provided by other parties in the agreement. In practice, this means the depositor can make decisions or take actions based on the accuracy and completeness of disclosures or assurances received, such as those related to the quality of assets or compliance with legal requirements. The core function of this clause is to allocate responsibility and risk, ensuring that the depositor is protected if the relied-upon information proves to be inaccurate or misleading.
Reliance by Depositor. The Depositor may rely in good faith on the advice of counsel or on any document believed to be genuine and to have been executed by the proper party for any matters under this Agreement.