Common use of Reliance on Opinion of Counsel Clause in Contracts

Reliance on Opinion of Counsel. The Escrow Agent hereunder shall be entitled to rely upon the advice of its counsel in any action taken in its capacity as Escrow Agent hereunder and shall be protected from any liability of any kind for actions taken in reasonable reliance upon such opinion of its counsel.

Appears in 5 contracts

Samples: Escrow Agreement (Atlantic Bancshares, Inc.), Escrow Agreement (Atlantic Bancshares, Inc.), Escrow Agreement (Metro Bancshares, Inc.)

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Reliance on Opinion of Counsel. The Escrow Agent hereunder shall be ------------------------------ entitled to rely upon the advice of its counsel in any action taken in its capacity as Escrow Agent hereunder and shall be protected from any liability of any kind for actions taken in reasonable reliance upon such opinion of its counsel.

Appears in 1 contract

Samples: Escrow Agreement (Lee County Bancshares Inc)

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