Common use of Service Banks’ rights Clause in Contracts

Service Banks’ rights. Each Service Bank may: 19.6.1 engage and pay for the advice and services of any lawyers, accountants or other experts whose advice or services may to that Service Bank seem necessary or desirable and that Service Bank shall be entitled to rely on the advice and opinions of such lawyers, accountants and other experts and shall not be liable to any of the other parties hereto for any of the consequences of any such reliance; 19.6.2 perform all or any of its functions and duties hereunder or under the Security Documents through employees or agents or any office or branch of that Service Bank from time to time selected by it and notified to the other parties hereto; 19.6.3 rely on any communication or document believed by it to be genuine and correct and to have been communicated or signed by the person by whom it purports to be communicated or signed and shall not be liable to any of the other parties hereto for any of the consequences of such reliance; and 19.6.4 without liability to account, make loans to, accept deposits from and generally engage in any kind of banking or trust business with the Borrower or the other Obligors as though that Service Bank was not a Service Bank.

Service Banks’ rights. Each Service Bank may: 19.6.1 23.6.1 engage and pay for the advice and services of any lawyers, accountants or other experts whose advice or services may to that Service Bank seem necessary or desirable and that Service Bank shall be entitled to rely on the advice and opinions of such lawyers, accountants and other experts and shall not be liable to any of the other parties hereto for any of the consequences of any such reliance; 19.6.2 23.6.2 perform all or any of its functions and duties hereunder or under the Security Finance Documents through employees or agents or any office or branch of that Service Bank from time to time selected by it and notified to the other parties hereto; 19.6.3 23.6.3 rely on any communication or document believed by it to be genuine and correct and to have been communicated or signed by the person by whom it purports to be communicated or signed and shall not be liable to any of the other parties hereto for any of the consequences of such reliance; and 19.6.4 23.6.4 without liability to account, make loans to, accept deposits from and generally engage in any kind of banking or trust business with the Borrower Account Party or the other Obligors as though that Service Bank was not a Service Bank.

Service Banks’ rights. Each Service Bank may: 19.6.1 23.7.1 engage and pay for the advice and services of any lawyers, accountants or other experts whose advice or services may to that Service Bank seem necessary or desirable and that Service Bank shall be entitled to rely on the advice and opinions of such lawyers, accountants and other experts and shall not be liable to any of the other parties hereto for any of the consequences of any such reliance; 19.6.2 23.7.2 perform all or any of its functions and duties hereunder or under this Agreement and the Security other Finance Documents through employees or agents or any office or branch of that Service Bank from time to time selected by it and notified to the other parties hereto; 19.6.3 23.7.3 rely on any communication or document believed by it to be genuine and correct and to have been communicated or signed by the person by whom it purports to be communicated or signed and shall not be liable to any of the other parties hereto for any of the consequences of such reliance; and 19.6.4 23.7.4 without liability to account, make loans to, accept deposits from and generally engage in any kind of banking or trust business with the Borrower or the other Obligors as though that Service Bank was not a Service Bank.