Common use of Reliance Upon Advice Clause in Contracts

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 Trustees Trustee, its officers, directors and employees may rely and act upon any statement, report or opinion prepared by or any advice received from the Manager, investment advisers, auditors, lawyers solicitors or other professional advisors of the Trust Persons and shall not be responsible or held liable for any loss or damage resulting from so relying or actingacting except as may be incurred as a result of the failure of such Person to meet its standard of care set out in Section 3.6.

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.