Common use of Right to Receive Instructions Clause in Contracts

Right to Receive Instructions. In the event that the Trustees are unable to decide between alternative courses of action for whatever reason, or are unsure as to the application of any provision of this Agreement or any Trust Related Agreement, or such provision is ambiguous as to its application, or is, or appears to be, in conflict with any other applicable provision, or in the event that this Agreement or any Trust Related Agreement permits any determination by the Trustees or is silent or is incomplete as to the course of action which the Trustees are required to take with respect to a particular set of facts, any one or more of the Trustees may give notice of such circumstances (in such form as shall be appropriate under the circumstances) to the Grantor or, in the event of a Transfer, to the Owner and request instructions from independent, appropriate legal or other counsel to the Trustees in accordance with Section 7.03 of this Agreement.

Right to Receive Instructions. In the event that the Trustees are any Trustee is unable to decide between alternative courses of action for whatever reason, or are is unsure as to the application of any provision of this Agreement or any Trust Related AgreementTransaction Document, or such provision is ambiguous as to its application, or is, or appears to be, in conflict with any other applicable provision, or in the event that this Agreement or any Trust Related Agreement Transaction Document permits any determination by the Trustees or is silent or is incomplete as to the course of action which the Trustees are required to take with respect to a particular set of facts, any one or more of the Trustees may give notice of such circumstances (in such form as shall be appropriate under the circumstances) to the Grantor or, in the event of a Transfer, to the Owner Owner, and request instructions from independent, appropriate legal or other counsel to the Trustees in accordance with Section 7.03 of this AgreementAgreement and no Trustee shall have liability to any person as a result of its good faith actions or omissions in accordance therewith.