Common use of Reliance Upon Advice Clause in Contracts

Reliance Upon Advice. The Trustees may employ and rely upon advice given by accountants, attorneys, investment bankers, and other expert advisors and employ agents, clerks and other employees and pay reasonable compensation to such advisors or employees in addition to fees otherwise payable to the Trustees, notwithstanding any rule of law otherwise prohibiting such dual compensation.

Appears in 4 contracts

Samples: Is a Trust Agreement (Repass Randolph K), Trust Agreement (Bp PLC), Deepwater Horizon Oil Spill Trust

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Reliance Upon Advice. The Trustees Trustee may employ and rely upon advice given by accountants, attorneys, investment bankers, and other expert advisors and employ agents, clerks and other employees and pay reasonable compensation to such advisors or employees in addition to fees otherwise payable to the TrusteesTrustee, notwithstanding any rule of law otherwise prohibiting prohibit ing such dual compensation.

Appears in 1 contract

Samples: Trust Agreement

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