Common use of Reliance on Advisors Clause in Contracts

Reliance on Advisors. So long as the Trustees exercise reasonable care in the selection, instruction and supervision of a professional advisor, then subject to Section 15.4 the Trustees shall incur no liability, either collectively or individually, in acting and relying upon the opinions or advice of the professional advisor.

Appears in 3 contracts

Samples: Joint Trust Agreement, Municipal Pension Plan Joint Trust Agreement, Joint Trust Agreement

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Reliance on Advisors. β€Œ So long as the Trustees exercise reasonable care in the selection, instruction and supervision of a professional advisor, then subject to Section 15.4 14.4 the Trustees shall incur no liability, either collectively or individually, in acting and relying upon the opinions or advice of the professional advisor.

Appears in 2 contracts

Samples: Joint Trust Agreement, Joint Trust Agreement

Reliance on Advisors. So long as the Trustees exercise reasonable care in the selection, instruction and supervision of a professional advisor, then subject to Section 15.4 14.4 the Trustees shall incur no liability, either collectively or individually, in acting and relying upon the opinions or advice of the professional advisor.

Appears in 1 contract

Samples: Joint Trust Agreement

Reliance on Advisors. So long as the Trustees exercise reasonable care in the selection, instruction and supervision of a professional advisor, then subject to Section 15.4 9.1, the Trustees shall incur no liability, either collectively or individually, in acting and relying upon the opinions or advice of the professional advisor.

Appears in 1 contract

Samples: Trust Agreement

Reliance on Advisors. So long as the Trustees exercise reasonable care in the selection, instruction and supervision of a professional advisor, then subject to Section 15.4 13.4 the Trustees shall incur no liability, either collectively or individually, in acting and relying upon the opinions or advice of the professional advisor.

Appears in 1 contract

Samples: Municipal Retiree Benefit Trust Agreement

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Reliance on Advisors. So long as the Trustees exercise reasonable care in the selection, instruction and supervision of a professional advisor, then subject to Section 15.4 16.3 the Trustees shall incur no liability, either collectively or individually, in acting and relying upon the opinions or advice of the professional advisor.

Appears in 1 contract

Samples: Joint Trust Agreement

Reliance on Advisors. So long as the Trustees exercise reasonable care in the selection, instruction and supervision of a professional advisor, then subject to Section 15.4 the Trustees shall incur no liability, either collectively or individually, in acting and relying upon the opinions or advice of the professional advisor.

Appears in 1 contract

Samples: Trust Agreement

Reliance on Advisors. β€Œ So long as the Trustees exercise reasonable care in the selection, instruction and supervision of a professional advisor, then subject to Section 15.4 14.2 the Trustees shall incur no liability, either collectively or individually, in acting and relying upon the opinions or advice of the professional advisor.

Appears in 1 contract

Samples: Joint Trust Agreement

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