Common use of Right to Rely on Instructions Clause in Contracts

Right to Rely on Instructions. DSI may act in reliance upon any instruction, instrument, or signature reasonably believed by DSI to be genuine. Depositor and Preferred Beneficiary shall each provide DSI the name of their respective employees who have authority to give instruction of instruments to DSI in the form of a completed Exhibit C, at time of the execution of this Agreement. DSI will not be required to inquire into the truth or evaluate the merit of any statement or representation contained in any notice or document. DSI shall not be responsible for failure to act as a result of causes beyond the reasonable control of DSI.

Right to Rely on Instructions. DSI may act in reliance upon any instruction, instrument, or signature reasonably believed by DSI to be genuine. Depositor and Preferred Beneficiary shall each provide DSI may assume that any employee of a Party to this Agreement who gives any written notice, request, or instruction has the name of their respective employees who have authority to give instruction of instruments to DSI in the form of a completed Exhibit C, at time of the execution of this Agreementdo so. DSI will not be required to inquire into the truth or evaluate the merit of any statement or representation contained in any notice or document; provided, however, that even in such cases DSI shall not be required to exercise more than commercially reasonable diligence. DSI shall not be responsible for failure to act as a result of causes beyond the reasonable control of DSI.

Right to Rely on Instructions. DSI may act in reliance upon any instruction, instrument, or signature reasonably believed by DSI to be genuine. Depositor and Preferred Beneficiary shall each provide DSI may assume that any employee of a party to this Agreement who gives any written notice, request, or instruction has the name of their respective employees who have authority to give do so. Regarding release and termination any written notice, request or instruction of instruments to DSI in the form of shall be given by a completed Exhibit C, at time president or officer of the execution of this Agreementparty. DSI will not be required to inquire into the truth or evaluate the merit of any statement or representation contained in any notice or document. DSI shall not be responsible for failure to act as a result of causes beyond the reasonable control of DSI.