Common use of Manager’s Reliance on Information Provided by Others Clause in Contracts

Manager’s Reliance on Information Provided by Others. Unless the Manager has knowledge concerning the matter in question that makes reliance by the Manager unwarranted, the Manager is entitled to rely on information, opinions, reports, or statements, including but not limited to financial statements or other financial data, if prepared or presented by: · One or more Members, Managers, employees, or contractors of the Company whom the Manager reasonably believes to be reliable and competent in the matter presented; · Legal counsel, accountants, or other Persons as to matters the Manager reasonably believes are within the Person's professional or expert competence; or · A committee of members or managers of which he or she is not a member if the Manager reasonably believes the committee merits confidence. Tulsa Real Estate Fund, LLC 13 Company Agreement