Common use of No Obligation to Seek Advice Clause in Contracts

No Obligation to Seek Advice. Nothing in this SECTION 3 shall be construed so as to impose an obligation upon PNC (i) to seek such directions or advice or Proper Instructions, or (ii) to act in accordance with such directions or advice or Proper Instructions.

Appears in 3 contracts

Samples: Services Agreement (Grosvenor Registered Multi-Strategy Fund (Ti 1), LLC), Investor Services Agreement (Grosvenor Registered Multi-Strategy Fund (Ti 2), LLC), Investor Services Agreement (Grosvenor Registered Multi-Strategy Fund (Te), LLC)

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No Obligation to Seek Advice. Nothing in this SECTION Section 3 shall be construed so as to impose an obligation upon PNC (i) to seek such directions any particular directions, Instructions or advice or Proper Instructionslegal advice, or (ii) to act in accordance with such directions any particular directions, Instructions or advice or Proper Instructionslegal advice.

Appears in 2 contracts

Samples: Transfer Agency Services Agreement (Fairholme Funds Inc), Transfer Agency Services Agreement (Phoenix Edge Series Fund)

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