Reliance on Records and Books of Account. Any Member shall be fully protected in relying in good faith upon the records and books of account of the Company and upon such information, opinions, reports or statements presented to the Company by its Officers, any of its Members, employees or committees, or by any other Person, as to matters the Members reasonably believe are within such other Person’s professional or expert competence and who has been selected with reasonable care by or on behalf of the Company, including information, opinions, reports or statements as to the value and amount of the assets, liabilities, profits or losses of the Company or any other facts pertinent to the existence and amount of assets from which distributions to Members might properly be paid.
Reliance on Records and Books of Account. Any Member or Manager shall be fully protected in relying in good faith upon the records and books of account of the LLC and upon such information, opinions, reports or statements presented to the LLC by its Managers, any of its Members, officers, employees or committees, or by any other person, as to matters the Managers or Members reasonably believes are within such other person's professional or expert competence and who has been selected with reasonable care by or on behalf of the LLC, including information, opinions, reports or statements as to the value and amount of the assets, liabilities, profits or losses of the LLC or any other facts pertinent to the existence and amount of assets from which distributions to members might properly be paid.
Reliance on Records and Books of Account. Any Member or Member ---------------------------------------- Representative or LLC officer, to the extent such LLC officer was acting in good faith in preparation thereof, will be fully protected in relying in good faith upon the records and books of account of the LLC and upon such information, opinions, reports or statements presented to the LLC by its Tax Matters Member, any of its Members, officers, employees or committees, or by any other person, as to matters the Tax Matters Member or other Member reasonably believes are within such other person's professional or expert competence and who has been selected with reasonable care by or on behalf of the LLC, including information, opinions, reports or statements as to the value and amount of the assets, liabilities, profits or losses of the LLC or any other facts pertinent to the existence and amount of assets from which distributions to either or both Members from the LLC might properly be paid.
Reliance on Records and Books of Account. Any Partner may rely in good faith upon the records and books of account of the Partnership and upon such information, opinions, reports or statements presented to the Partnership by its the Board of Directors, Managing General Partner, any of its Partners, officers, employees or committees, or by any other person, as to matters the Partner reasonably believes are within such other person's professional or expert competence and who has been selected with reasonable care by or on behalf of the Partnership, including information, opinions, reports or statements as to the value and amount of the assets, liabilities, profits or losses of the Partnership or any other facts pertinent to the existence and amount of assets from which distributions to Partners might properly be paid.
Reliance on Records and Books of Account. Any Member shall be fully protected in relying in good faith upon the records and books of account of the LLC and upon such information, opinions, reports or statements presented to the LLC by its Member, any of its other
Reliance on Records and Books of Account. (a) In discharging his or its duties, a Member (or any representative of a Member performing services for the Company) shall be fully protected in relying in good faith upon the records required to be maintained under Article 4 hereof and upon such information, opinions, reports or statements, including financial statements and other financial data, in each case presented or prepared by (i) one or more agents or employees of the Company, (ii) counsel, public accountants or other Persons as to matters that the Member believes to be within such Person's professional or expert competence, or (iii) a class of Members or Persons duly designated in accordance with this Agreement, as to matters within its designated authority, which class the Member believes to merit confidence, so long as in so relying such Member shall be acting in good faith, but such Member shall not be considered to be acting in good faith if such Member has knowledge concerning the matter in question that would cause such reliance to be unwarranted.
(b) The records and other information upon which a Member may rely include information, opinions, reports or statements as to the value and amount of the assets, liabilities, profits or losses of the Company or any other facts pertinent to the existence and amount of assets from which Distributions to Members might properly be paid.
