Common use of Reliance on Others Clause in Contracts

Reliance on Others. The Manager may rely and act on any statement, report or opinion prepared by, or any advice received from, any professional advisor selected by the Manager in good faith and with reasonable care, and shall not be responsible or held liable for any claim, loss, damage, cost, charge or expense resulting from relying or acting thereon if the advice was within the area of professional competence of the person from whom it was received and the Manager acted reasonably in relying or acting thereon.

Reliance on Others. 18. The Manager may rely and act on upon any statement, report or opinion prepared by, by or any advice received fromfrom portfolio advisers, any sub-advisors, auditors, lawyers, notaries, bankers or other professional advisor selected by the Manager in good faith and with reasonable care, advisers and shall not be responsible or held liable for any claim, loss, damage, cost, charge loss or expense damage resulting from relying or acting thereon if the advice was within the area of professional competence of the person from whom it was received and the Manager acted reasonably in relying or acting thereon.

Reliance on Others. 18. The Manager may rely and act on upon any statement, report or opinion prepared by, by or any advice received fromfrom portfolio advisers, any auditors, solicitors, notaries, bankers or other professional advisor selected by the Manager in good faith and with reasonable care, advisers and shall not be responsible or held liable for any claim, loss, damage, cost, charge loss or expense damage resulting from relying or acting thereon if the advice was within the area of professional competence of the person from whom it was received and the Manager acted reasonably in relying or acting thereon.