Common use of RIGHT TO RELY ON THE BOARD OF MANAGERS Clause in Contracts

RIGHT TO RELY ON THE BOARD OF MANAGERS. Any Person dealing with the Company may rely (without duty of further inquiry) upon a certificate signed by the Board of Managers as to: (a) The identity of the Board of Managers; (b) The existence or nonexistence of any fact or facts which constitute a condition precedent to acts by the Board of Managers or which are in any other manner germane to the affairs of the Company; (c) The Persons who are authorized to execute and deliver any instrument or document of the Company; or (d) Any act or failure to act by the Company or any other matter whatsoever involving the Company or the Member.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (Shellpoint Mortgage Acceptance LLC), Limited Liability Company Agreement (Cendant Mortgage Capital LLC), Limited Liability Company Agreement (BNP Paribas Mortgage ABS LLC)

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