Common use of Reliance on Opinion of Counsel Clause in Contracts

Reliance on Opinion of Counsel. The Trustee will, before taking any action under this Article V, be entitled to receive an Opinion of Counsel, stating the legal effect of such action, and that such action will not be in contravention of the provisions hereof or of the Collateral Security Documents. Any such opinion will be full protection to the Trustee for any action taken or omitted to be taken in reliance thereon.

Reliance on Opinion of Counsel. The Trustee will, before taking any action under this Article V10, be entitled to receive an Opinion of Counsel, stating the legal effect of such action, and that such action will not be in contravention of the provisions hereof or of the Collateral Security Documents. Any such opinion will be full protection to the Trustee for any action taken or omitted to be taken in reliance thereon.