Manager May Rely. Without limiting clause 3.7, the Manager may take and may act upon: (a) the opinion or advice of counsel or solicitors, whether or not instructed by the Manager, in relation to the interpretation of this Agreement or any other document (whether statutory or otherwise) or generally in connection with the Company; (b) advice, opinions, statements or information from bankers, accountants, auditors, appraisers, valuers and other persons consulted by the Manager who are in each case believed by the Manager in good faith to be expert in relation to the matters upon which they are consulted; (c) a document which the Manager believes in good faith to be the original or a copy of an appointment by a shareholder or the holder of an option in respect of a Share of a person to act as their agent for any purpose connected with the Company; and (d) any other document provided to the Manager in connection with the Company upon which it is reasonable for the Manager to rely, and the Manager will not be liable for anything done, suffered or omitted by it in good faith in reliance upon such opinion, advice, statement, information or document.
Appears in 2 contracts
Sources: Management Agreement (Fly Leasing LTD), Air Management Agreement (Babcock & Brown Air LTD)