Common use of Reliance upon Books, Reports and Records Clause in Contracts

Reliance upon Books, Reports and Records. A member of the Board of Directors, or a member of any committee designated by the Board of Directors, shall, in the performance of such person’s duties, be protected to the fullest extent permitted by law in relying upon the records of the Corporation and upon information, opinions, reports or statements presented to the Corporation.

Reliance upon Books, Reports and Records. A member of the Board of DirectorsBoard, or a member of any committee designated by the Board of DirectorsBoard, shall, in the performance of such personmember’s duties, be fully protected to the fullest extent permitted by law in relying in good faith upon the records of the Corporation and upon such information, opinions, reports or statements presented to the Corporation by any of the Corporation’s officers or employees, or committees of the Board, or by any other person as to matters the 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 Corporation.

Reliance upon Books, Reports and Records. A member of the Board of Directors, or a Each director and each member of any committee designated by the Board of Directors, shall, in the performance of such person’s his duties, be fully protected to the fullest extent permitted by law in relying in good faith upon the records of the Corporation and upon information, opinions, reports or statements presented to the Corporation by any of the Corporation’s officers or employees, or committees designated by the Board, or by any other person as to the matters the 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 Corporation.