Common use of Reliance on Documents etc Clause in Contracts

Reliance on Documents etc. (a) The Paying Agent may conclusively rely, as to the truth of the statements and correctness of the opinions expressed therein, on certificates or opinions furnished to the Paying Agent by the District and the County. (b) The Paying Agent shall not be liable for any error of judgment made in good faith. The Paying Agent shall not be liable for other than its negligence or willful misconduct in connection with any act or omission hereunder. (c) No provision of this Paying Agent Agreement shall require the Paying Agent to expend or risk its own funds or otherwise incur any financial liability for performance of any of its duties hereunder, or in the exercise of any of its rights or powers. (d) The Paying Agent may rely, or be protected in acting or refraining from acting, upon any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, note, security or other paper or document believed by it to be genuine and to have been signed or presented by the proper party or parties. The Paying Agent need not examine the ownership of any Bond, but is protected in acting upon receipt of Bonds containing an endorsement or instruction of transfer or power of transfer which appears on its face to be signed by the Bondowner or agent of the Bondowner. (e) The Paying Agent may consult with counsel, and the written advice of such counsel or any Opinion of Counsel shall be full authorization and protection with respect to any action taken, suffered or omitted by it hereunder in good faith and reliance thereon. (f) The Paying Agent may exercise any of the powers hereunder and perform any duties hereunder either directly or by or through agents or attorneys.

Reliance on Documents etc. (a) The Paying Agent Bank may conclusively rely, as to the truth of the statements and correctness of the opinions expressed therein, on certificates or opinions expressed therein, on certificates or opinions furnished to the Paying Agent Bank by the District Agency and the CountyCity. (b) The Paying Agent Bank shall not be liable for any error of judgment made in good faith. The Paying Agent Bank shall not be liable for other than its gross negligence or willful misconduct in connection with any act or omission hereunder. (c) No provision of this Paying Agent Agreement shall require the Paying Agent Bank to expend or risk its own funds or otherwise incur any financial liability for performance of any of its duties hereunder, or in the exercise of any of its rights or powers. (d) The Paying Agent Bank may rely, or be protected in acting or refraining from acting, upon any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, note, security or other paper or document believed by it to be genuine and to have been signed or presented by the proper party or parties. The Paying Agent need not examine the ownership of any Bond, but is protected in acting upon receipt of Bonds containing an endorsement or instruction of transfer or power of transfer which appears on its face to be signed by the Bondowner or agent of the Bondowner. (e) The Paying Agent Bank may consult with counsel, and the written advice or opinion of such counsel or any Opinion of Counsel shall be full authorization and protection with respect to any action taken, suffered or omitted by it hereunder in good faith and reliance thereon. (f) The Paying Agent Bank may exercise any of the powers hereunder and perform any duties hereunder either directly or by or through agents or attorneysattorneys and shall not be liable for the actions of such agent or attorney if appointed by it with reasonable care.

Reliance on Documents etc. (a) The Paying Agent may conclusively rely, as to the truth of the statements and correctness of the opinions expressed therein, on certificates or opinions furnished to the Paying Agent by the District and the County. (b) The Paying Agent Bank shall not be liable for any error of judgment made in good faith. The Paying Agent faith by a Responsible Officer, unless it shall not be liable for other than its negligence or willful misconduct proved that the Bank was negligent in connection with any act or omission hereunderascertaining the pertinent facts. (cb) No provision provisions of this Paying Agent Agreement shall require the Paying Agent Bank to expend or risk its own funds or otherwise incur any financial liability for performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity satisfactory to it against such risks or liability is not assured to it. (dc) The Paying Agent Bank may rely, or rely and shall be protected in acting or refraining from acting, upon any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, note, security or other paper or document believed by it to be genuine and to have been signed or presented by the proper party or parties. The Paying Agent need Bank shall not examine be bound to make any investigation into the ownership of any Bondfacts or matters stated in a resolution, but is protected in acting upon receipt of Bonds containing an endorsement certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, note, security or instruction of transfer other paper or power of transfer which appears on its face to be signed document supplied by the Bondowner or agent of the BondownerTown. (ed) The Paying Agent Bank may consult with counsel, counsel and the written advice of such counsel or any Opinion written opinion of Counsel counsel shall be full and complete authorization and protection with respect to any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon. (fe) The Paying Agent Bank may exercise any of the its powers hereunder and perform any duties hereunder either directly or by or through agents or attorneysattorneys of the Bank.

Reliance on Documents etc. (a) The Paying Agent Bank may conclusively rely, as to the truth of the statements and correctness of the opinions expressed therein, on certificates or opinions expressed therein, and on certificates or opinions furnished to the Paying Agent Bank by the District and the CountyIssuer. (b) The Paying Agent Bank shall not be liable for any error of judgment made in good faith. The Paying Agent Bank shall not be liable for other than its negligence or willful misconduct in connection with any act or omission hereunder. (c) No provision of this Paying Agent Agreement shall require the Paying Agent Bank to expend or risk its own funds or otherwise incur any financial liability for performance of any of its duties hereunder, or in the exercise of any of its rights or powers. (d) The Paying Agent Bank may rely, or be protected in acting or refraining from acting, upon any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, note, security or other paper or document believed by it to be genuine and to have been signed or presented by the proper party or parties. The Paying Agent Bank need not examine the ownership of any Bond, but is shall be protected in acting upon receipt of Bonds containing an endorsement or instruction of transfer or power of transfer which appears on its face to be signed by the Bondowner Registered Owner or agent of the BondownerRegistered Owner. (e) The Paying Agent Bank may consult with counsel, and the written advice or opinion of such counsel or any Opinion of Counsel shall be full authorization and protection with respect to any action taken, suffered or omitted by it hereunder in good faith and reliance thereon. (f) The Paying Agent Bank may exercise any of the powers hereunder and perform any duties hereunder either directly or by or through agents or attorneysattorneys and shall not be liable for the actions of such agent or attorney if appointed by it with reasonable care.

Reliance on Documents etc. (a) The Paying Agent Bank may conclusively rely, as to the truth of the statements and correctness of the opinions expressed therein, on certificates or opinions expressed therein, on certificates or opinions furnished to the Paying Agent Bank by the District and Agency or the CountyCity. (b) The Paying Agent Bank shall not be liable for any error of judgment made in good faith. The Paying Agent Bank shall not be liable for other than its gross negligence or willful misconduct in connection with any act or omission hereunder. (c) No provision of this Paying Agent Agreement shall require the Paying Agent Bank to expend or risk its own funds or otherwise incur any financial liability for performance of any of its duties hereunder, or in the exercise of any of its rights or powers. (d) The Paying Agent Bank may rely, or be protected in acting or refraining from acting, upon any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, note, security or other paper or document believed by it to be genuine and to have been signed or presented by the proper party or parties. The Paying Agent Bank need not examine the ownership of any Bond, but is shall be protected in acting upon receipt of Bonds containing an endorsement or instruction of transfer or power of transfer which appears on its face to be signed by the Bondowner Registered Owner or agent of the BondownerRegistered Owner. (e) The Paying Agent Bank may consult with counsel, and the written advice or opinion of such counsel or any Opinion of Counsel shall be full authorization and protection with respect to any action taken, suffered or omitted by it hereunder in good faith and reliance thereon. (f) The Paying Agent Bank may exercise any of the powers hereunder and perform any duties hereunder either directly or by or through agents or attorneysattorneys and shall not be liable for the actions of such agent or attorney if appointed by it with due care.

Reliance on Documents etc. (a) The Paying Agent may conclusively rely, as to the truth of the statements and correctness of the opinions expressed therein, on certificates or opinions furnished to the Paying Agent by the District and the County. (b) The Paying Agent shall not be liable for any error of judgment made in good faith. The Paying Agent shall not be liable for other than its negligence or willful misconduct in connection with any act or omission hereunder. (c) No provision of this Paying Agent Agreement shall require the Paying Agent to expend or risk its own funds or otherwise incur any financial liability for performance of any of its duties hereunder, or in the exercise of any of its rights or powers. (d) The Paying Agent may rely, or be protected in acting or refraining from acting, upon any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, note, security or other paper or document believed by it in good faith to be genuine and to have been signed or presented by the proper party or parties. The Paying Agent need not examine the ownership of any Bond, but is protected in acting upon receipt of Bonds containing an endorsement or instruction of transfer or power of transfer which appears on its face to be signed by the Bondowner or agent of the Bondowner. (e) The Paying Agent may consult with counsel, and the written advice of such counsel or any Opinion of Counsel shall be full authorization and protection with respect to any action taken, suffered or omitted by it hereunder in good faith and reliance thereon. (f) The Paying Agent may exercise any of the powers hereunder and perform any duties hereunder either directly or by or through agents or attorneys.

Reliance on Documents etc. (a) The Paying Agent may conclusively rely, as to the truth of the statements and correctness of the opinions expressed therein, on certificates or opinions furnished to the Paying Agent by the District and the County. (b) The Paying Agent Bank shall not be liable for any error of judgment made in good faith. The Paying Agent faith by a Responsible Officer, unless it shall not be liable for other than its negligence or willful misconduct proved that the Bank was negligent in connection with any act or omission hereunderascertaining the pertinent facts. (cb) No provision provisions of this Paying Agent Agreement shall require the Paying Agent Bank to expend or risk its own funds or otherwise incur any financial liability for performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity satisfactory to it against such risks or liability is not assured to it. (dc) The Paying Agent Bank may rely, or rely and shall be protected in acting or refraining from acting, upon any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, note, security or other paper or document believed by it to be genuine and to have been signed or presented by the proper party or parties. The Paying Agent need Bank shall not examine be bound to make any investigation into the ownership of any Bondfacts or matters stated in a resolution, but is protected in acting upon receipt of Bonds containing an endorsement certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, note, security or instruction of transfer other paper or power of transfer which appears on its face to be signed document supplied by the Bondowner or agent of the BondownerCity. (ed) The Paying Agent Bank may consult with counsel, counsel and the written advice of such counsel or any Opinion written opinion of Counsel counsel shall be full and complete authorization and protection with respect to any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon. (fe) The Paying Agent Bank may exercise any of the its powers hereunder and perform any duties hereunder either directly or by or through agents or attorneysattorneys of the Bank.

Reliance on Documents etc. (a) The Paying Agent may conclusively rely, as to the truth of the statements and correctness of the opinions expressed therein, on certificates or opinions furnished to the Paying Agent by the District and the CountyCounties. (b) The Paying Agent shall not be liable for any error of judgment made in good faith. The Paying Agent shall not be liable for other than its negligence or willful misconduct in connection with any act or omission hereunder. (c) No provision of this Paying Agent Agreement shall require the Paying Agent to expend or risk its own funds or otherwise incur any financial liability for performance of any of its duties hereunder, or in the exercise of any of its rights or powers. (d) The Paying Agent may rely, or be protected in acting or refraining from acting, upon any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, note, security or other paper or document believed by it to be genuine and to have been signed or presented by the proper party or parties. The Paying Agent need not examine the ownership of any Bond, but is protected in acting upon receipt of Bonds containing an endorsement or instruction of transfer or power of transfer which appears on its face to be signed by the Bondowner or agent of the Bondowner. (e) The Paying Agent may consult with counsel, and the written advice of such counsel or any Opinion of Bond Counsel shall be full authorization and protection with respect to any action taken, suffered or omitted by it hereunder in good faith and reliance thereon. (f) The Paying Agent may exercise any of the powers hereunder and perform any duties hereunder either directly or by or through agents or attorneys.