Common use of Special Warrant Agent May Employ Experts Clause in Contracts

Special Warrant Agent May Employ Experts. The Special Warrant Agent may, at the Corporation’s expense, employ or retain such lawyers, accountants, engineers, appraisers or other experts, advisers or agents as it may reasonably require for the purpose of determining and discharging its duties hereunder and may pay reasonable remuneration for such services rendered to it but it is not responsible for any misconduct, gross negligence, mistake or error of judgment on the part of any of them and the Corporation shall pay or reimburse the Special Warrant Agent for any reasonable fees, expenses and disbursements of such experts or advisors. The Corporation shall reimburse the Special Warrant Agent for all disbursements, costs and expenses made or incurred by the Special Warrant Agent in the discharge of its duties and in the management of its duties hereunder. The Special Warrant Agent may rely upon and act upon, and shall be protected from relying and acting upon, the opinion or advice of, or information obtained from, any such lawyer, accountant, engineer, appraiser or other expert, adviser or agent in relation to any matter arising in the administration of its duties hereunder. The Special Warrant Agent shall not incur any liability for the acts or omissions of such lawyers, accountants, engineers, appraisers or other experts, advisers or agents employed by the Special Warrant Agent in good faith.

Appears in 5 contracts

Samples: Special Warrant Indenture, Special Warrant Indenture, Special Warrant Indenture

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Special Warrant Agent May Employ Experts. The Special Warrant Agent may, at the Corporation’s expense, employ or retain such lawyers, 6SHFLDO :DUUDQW $JHQW PD\ DW WKH &RUSRUDWL accountants, engineers, appraisers or other experts, advisers or agents as it may reasonably require for the purpose of determining and discharging its duties hereunder and may pay reasonable remuneration for such services rendered to it but it is not responsible for any misconduct, gross negligence, mistake or error of judgment on the part of any of them and the Corporation shall pay or reimburse the Special Warrant Agent for any reasonable fees, expenses and disbursements of such experts or advisors. The Corporation shall reimburse the Special Warrant Agent for all disbursements, costs and expenses made or incurred by the Special Warrant Agent in the discharge of its duties and in the management of its duties hereunder. The Special Warrant Agent may rely upon and act upon, and shall be protected from relying and acting upon, the opinion or advice of, or information obtained from, any such lawyer, accountant, engineer, appraiser or other expert, adviser or agent in relation to any matter arising in the administration of its duties hereunder. The Special Warrant Agent shall not incur any liability for the acts or omissions of such lawyers, accountants, engineers, appraisers or other experts, advisers or agents employed by the Special Warrant Agent in good faith.

Appears in 1 contract

Samples: Special Warrant Indenture

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Special Warrant Agent May Employ Experts. The Special Warrant Agent may, at the CorporationCompany’s expense, employ or retain such counsel, lawyers, accountants, engineers, appraisers or other experts, advisers or agents as it may reasonably require for the purpose of determining and discharging its duties hereunder and may pay reasonable remuneration for such services rendered to it it, without taxation of costs of any counsel or lawyers, but it is not responsible for any misconduct, gross negligencemistake, mistake negligence or error of judgment on the part of any of them and the Corporation them. The Company shall pay or reimburse the Special Warrant Agent for any reasonable fees, expenses and disbursements of such experts counsel, lawyers, accountants, engineers, appraisers or advisors. The Corporation shall reimburse the Special Warrant Agent for all disbursementsother experts, costs and expenses made advisers or incurred by the Special Warrant Agent in the discharge of its duties and in the management of its duties hereunderagents retained under this Section 8.4. The Special Warrant Agent may rely upon and act upon, upon and shall be protected from in acting and relying and acting upon, in good faith upon the opinion or advice of, or information obtained from, any such counsel, lawyer, accountant, engineer, appraiser or other expert, adviser or agent agent, whether retained or employed by the Company or by the Special Warrant Agent, in relation to any matter arising in the administration of its duties hereunderthe agency hereof. The Special Warrant Agent shall not incur any liability for the acts or omissions of such counsel, lawyers, accountants, engineers, appraisers or other experts, advisers or agents employed by the Special Warrant Agent in good faith.

Appears in 1 contract

Samples: Special Warrant Indenture

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