Common use of Reliance on Advisers Clause in Contracts

Reliance on Advisers. The Collateral Account Bank may consult with legal counsel or other professional advisers of its selection (subject to Clause 12 (Costs), at the expense of the Issuer) in the event of any dispute or question as to the meaning or construction of any of the provisions hereof or in connection with the performance of its duties hereunder. The Collateral Account Bank shall incur no liability and shall be fully protected as against the Issuer in acting in accordance with the opinion and advice of such legal counsel or professional advisers.

Reliance on Advisers. The Collateral Account Bank may consult with legal counsel or other professional advisers of its selection (subject to Clause 12 11 (Costs), at the expense of the Issuer) in the event of any dispute or question as to the meaning or construction of any of the provisions hereof or in connection with the performance of its duties hereunder. The Collateral Account Bank shall incur no liability and shall be fully protected as against the Issuer in acting or not acting in accordance with the opinion and advice of such legal counsel or professional advisers.