Reliance Upon Directions. The Trustee may rely upon any order, certificate, notice, direction, or other documentary confirmation purporting to have been issued or given by an Investment Manager, which the Trustee believes to be genuine and to have been issued or given by such Investment Manager. The Trustee shall not be liable for the acts or omissions of an Investment Manager and shall have no liability or responsibility for acting or not acting pursuant to the direction of, or failing to act in the absence of, any direction from the Investment Manager (except with respect to short-term investments under Sections 402(e)(20) and 4.03(a) hereof), unless the Trustee knows that by such action or failure to act, it would be itself committing a breach of fiduciary duty or participating in a breach of fiduciary duty by the Investment Manager, it being the intention of the parties that, except with respect to investments under Sections 402(e)(20) and 4.03(a) hereof, the Trustee shall have the full protection of ERISA Section 405(d).
