Common use of Reliance on Experts, etc Clause in Contracts

Reliance on Experts, etc. Each Director, officer or employee of the Company shall, in the performance of his duties, powers and discretions hereunder be fully and completely justified and protected with regard to any act or any failure to act resulting from reliance in good faith upon the books of account or other records of the Company, upon an opinion of counsel, or upon reports made to the Company by any of its officers or employees or by the investment adviser, principal underwriter or placement agent, the transfer agent, selected dealers, accountants, appraisers or other experts or consultants selected with reasonable care by the Directors, officers or employees of the Company, regardless of whether such counsel or expert may also be a Director.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (Fidelity Central Investment Portfolios II LLC), Limited Liability Company Agreement (Fidelity Central Investment Portfolios LLC), Limited Liability Company Agreement (Fidelity Central Investment Portfolios II LLC)

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Reliance on Experts, etc. Each Director, officer or employee of the Company shall, in the performance of his duties, powers and discretions hereunder be fully and completely justified and protected with regard to any act or any failure to act resulting from reliance in good faith upon the books of account or other records of the Company, upon an opinion of counsel, or upon reports made to the Company by any of its officers or employees or by the investment adviser, principal underwriter or placement agent, the transfer agent, selected dealers, accountants, appraisers or other experts or consultants selected with reasonable care by the Directors, officers or employees of the Company, regardless of whether such counsel or expert may also be a Director. .

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Fidelity Central Investment Portfolios LLC), Limited Liability Company Agreement (Fidelity Central Investment Portfolios LLC)

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Reliance on Experts, etc. Each Director, officer or employee of the Company shall, in the performance of his duties, powers and discretions hereunder be fully and completely justified and protected with regard to any act or any failure to act resulting from reliance in good faith upon the books of account or other records of the Company, upon an opinion of counsel, or upon reports made to the Company by any of its officers or employees or by the investment adviser, principal underwriter or placement agentInvestment Adviser, the transfer agentAdministrator, the Agents, the Transfer Agent, selected dealers, accountants, appraisers or other experts or consultants selected with reasonable care by the Directors, officers or employees of the Company, regardless of whether such counsel or expert may also be a Director.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Usa Reit Fund LLC)

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