Common use of Reliance on Experts Clause in Contracts

Reliance on Experts. The Trustee and the Manager may rely on and act on the opinion or statement or certificate or advice of or information obtained from a Servicer, barristers or solicitors (whether instructed by the Manager or the Trustee), bankers, accountants, brokers, valuers and other persons believed by it in good faith to be expert or properly informed in relation to the matters on which they are consulted and the Trustee and the Manager shall not be liable for anything done or suffered by it in good faith in reliance on such opinion, statement, certificate, advice or information except: (a) in the case of the Trustee, to the extent of losses, costs, claims or damages caused by the Trustee's fraud, negligence or Default; and (b) in the case of the Manager, to the extent of losses, costs, claims or damages caused or contributed to by its breach of its obligations under any Transaction Document.