Common use of Reliance on Documents and Experts Clause in Contracts

Reliance on Documents and Experts. The Escrow Agent ---------------------------------- shall be entitled to rely upon any notice, consent, certificate, affidavit, statement, paper, document, writing or communication (which to the extent permitted hereunder may be by telegram, cable, telex, telecopier, or telephone) reasonably believed by it to be genuine and to have been signed, sent or made by the proper person or persons, and upon opinions and advice of legal counsel (including itself or counsel for any party hereto), independent public accountants and other experts selected by the Escrow Agent and mutually acceptable to each of the Company and the Investor. If the Shares are evidenced by stock certificates, the Escrow Agent shall not be responsible to review the stock certificates representing the Shares other than to confirm that it has been signed.

Appears in 2 contracts

Samples: Private Equity Line of Credit Agreement (Staruni Corp), Escrow Agreement (Staruni Corp)

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Reliance on Documents and Experts. The Escrow Agent ---------------------------------- shall be entitled to rely upon any notice, consent, certificate, affidavit, statement, paper, document, writing or communication (which to the extent permitted hereunder may be by telegram, cable, telex, telecopier, or telephone) reasonably believed by it to be genuine and to have been signed, sent or made by the proper person or persons, and upon opinions and advice of legal counsel (including itself or counsel for any party hereto), independent public accountants and other experts selected by the Escrow Agent and mutually acceptable to each of the Company and the Investor. If the Shares are evidenced by stock certificates, the Escrow Agent shall not be responsible to review the stock certificates representing the Shares other than to confirm that it has been signed.

Appears in 2 contracts

Samples: Escrow Agreement (Nationwide Companies Inc), Escrow Agreement (National Companies Inc)

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