Common use of Authority of Trustees Clause in Contracts

Authority of Trustees. The Guarantor acknowledges that the rights and responsibilities of the Trustees under this Guarantee with respect to any action taken by the Trustees or the exercise or non-exercise by the Trustees of any option, right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Guarantee shall, as between the Trustees and the Secured Parties, be governed by the Trust Agreement and by such other agreements with respect thereto as may exist from time to time among the Secured Parties and the Trustees, but, as between the Trustees and the Guarantor, the Trustees shall be conclusively presumed to be acting as agent for the Secured Parties with full and valid authority so to act or refrain from acting, and the Guarantor shall not be under any obligation, or entitlement, to make any inquiry respecting such authority.