Reliance Upon Advice Sample Clauses

Reliance Upon Advice. The Trustees may rely and act upon any statement, report or opinion prepared by or any advice received from the auditors, lawyers or other professional advisors of the Trust and shall not be responsible or held liable for any loss or damage resulting from so relying or acting.

Reliance Upon Advice. The Trustee may accept and act upon the opinion or advice of or information obtained from barristers or solicitors or other consultants in the employ of the Trustee or instructed by the Trustee and upon any statement of, or information obtained from, any bankers, stockbrokers, accountants, valuers or other persons appointed or approved by the Trustee and believed by the Trustee in good faith to be expert or suitably qualified in relation to the matters upon which they are consulted.

Reliance Upon Advice. (a) The Manager shall be entitled to consult with and obtain advice from legal counsel appointed by it, who may but need not be counsel for the Fund, in the event of any questions as to any of the provisions hereof or its duties hereunder. (b) The Manager may (but need not) rely and act upon any statement, report or opinion prepared by or any advice received from the auditors, counsel or other professional advisors of the Manager and shall not be responsible or held liable for any loss or damage resulting from so relying or acting (or not relying or acting) if the Manager acted honestly and in good faith in relying or acting (or not relying or acting) upon the advice received and complied with the standard of care referred to in Section 7.1 in the selection of any such auditors, counsel or other professional advisors and in the decision to rely or act (or not to rely or act) on the advice received. (c) The Manager shall be protected in acting upon any written notice, request, waiver, consent, certificate, receipt, statutory declaration or other paper or document furnished to it, not only as to its due execution and the validity and the effectiveness of its provisions but also as to the truth and acceptability of any information therein contained which it honestly and in good faith believes to be genuine, authentic and what it purports to be.

Reliance Upon Advice. The Board of Directors and the Committee may rely upon any information or advice furnished to it by any Officer of Abbott or by ▇▇▇▇▇▇'▇ independent auditors, or other consultants, and shall be fully protected in relying upon such information or advice. No member of the Board of Directors or the Committee shall be liable for any act or failure to act on their part, excepting only any acts done or omitted to be done in bad faith, nor shall they be liable for any act or failure to act of any other member.

Reliance Upon Advice. The Board of Directors and the Committee may rely upon any information or advice furnished to it by any Officer of Hospira or by Hospira’s independent auditors, or other consultants, and shall be fully protected in relying upon such information or advice. No member of the Board of Directors or the Committee shall be liable for any act or failure to act on their part, excepting only any acts done or omitted to be done in bad faith, nor shall they be liable for any act or failure to act of any other member.