Reliance on Advice of Counsel Sample Clauses

Reliance on Advice of Counsel. In taking any action under this Agreement or any other Loan Document, the Agent shall be entitled to rely upon the advice of counsel of Agent’s choice and shall be fully protected in acting on such advice whether or not the advice rendered is ultimately determined to have been accurate.
AutoNDA by SimpleDocs
Reliance on Advice of Counsel. The Voting Trustees may consult with counsel concerning any question which may arise with reference to their duties or authority under this Agreement or any of the provisions hereof or any matter relating hereto, and the opinion of such counsel shall be a full and complete authorization and protection in respect of any action taken or omitted by the Voting Trustees here under in good faith and in accordance with such opinion of counsel, and the Voting Trustees shall not be liable for any damages sustained as a result thereof.
Reliance on Advice of Counsel. The Escrow Agent may seek the advice of legal counsel selected with reasonable care in the event of any dispute or question as to the construction of any of the provisions of this Agreement or its duties hereunder, and it shall incur no liability and shall be fully protected in respect of any action taken, omitted or suffered by it in good faith in accordance with the opinion of such counsel;
Reliance on Advice of Counsel. In taking any action under this Agreement or any other Transaction Document, Collateral Agent shall be entitled to rely upon the advice of counsel of Collateral Agent’s choice and shall be fully protected in acting on such advice whether or not the advice rendered is ultimately determined to have been accurate.
Reliance on Advice of Counsel. In taking any action under this Agreement, Lender shall be entitled to rely upon the advice of counsel of Lender's choice and shall be fully protected in acting on such advice whether or not the advice rendered is ultimately determined to have been accurate.
Reliance on Advice of Counsel. The Bank may consult with and employ outside legal counsel to advise it concerning its obligations with respect to any Letter of Credit, and shall be entitled to act upon, and shall be fully protected in any action taken in good faith reliance upon, any advice given by such counsel.
Reliance on Advice of Counsel. In taking any action under this Subsidiary Pledge Agreement, the Agent shall be entitled to rely upon the advice of counsel of Agent's choice and shall be fully protected in acting on such advice whether or not the advice rendered is ultimately determined to have been accurate.
AutoNDA by SimpleDocs
Reliance on Advice of Counsel. The Trustee may consult with counsel and the advice or any opinion of counsel shall be full and complete authorization and protection in respect of any action taken or omitted by it hereunder in good faith and in accordance with that advice or opinion of counsel.
Reliance on Advice of Counsel. The Trustee may consult with counsel concerning any question which may arise with reference to the Trustee's duties or authority under this Agreement or any of the provisions of this Agreement or any matter relating to this Agreement, and the opinion of such counsel will be a full and complete authorization and protection in respect to any action taken or omitted to be taken by the Trustee under this Agreement in good faith and in accordance with such opinion of counsel, and the Trustee will not be liable for any damages sustained as a result of such good faith reliance.
Reliance on Advice of Counsel. In taking any action under this Agreement or any other Transaction Document, Secured Party shall be entitled to rely upon the advice of counsel of Secured Party’s choice and shall be fully protected in acting on such advice whether or not the advice rendered is ultimately determined to have been accurate.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!