Common use of Reliance on Certificates and Opinions Clause in Contracts

Reliance on Certificates and Opinions. In the absence of bad faith, gross negligence or willful misconduct on its part, each of the Administrator and the Titling Company Registrar may conclusively rely in good faith upon certificates or opinions furnished to the Administrator or the Titling Company Registrar, as the case may be, and conforming to the requirements of this Agreement in determining the truth of the statements and the correctness of the opinions contained therein. However, the immediately preceding sentence will not apply unless the Administrator or the Titling Company Registrar, as the case may be, have examined such certificates or opinions so as to determine compliance of the same with the requirements of this Agreement.

Reliance on Certificates and Opinions. In the absence of bad faith, gross negligence or willful misconduct on its part, each of the Titling Company Administrator and the Titling Company Registrar may conclusively rely in good faith upon certificates or opinions furnished to the Titling Company Administrator or the Titling Company Registrar, as the case may be, and conforming to the requirements of this Agreement in determining the truth of the statements and the correctness of the opinions contained therein. However, the immediately preceding sentence will not apply unless the Titling Company Administrator or the Titling Company Registrar, as the case may be, have examined such certificates or opinions so as to determine compliance of the same with the requirements of this Agreement.