Common use of Reliance by Plan Administrator Clause in Contracts

Reliance by Plan Administrator. Except as otherwise provided in this Agreement, the Plan or the Confirmation Order: (a) the Plan Administrator may rely and shall be protected in acting upon any resolution, statement, instrument, opinion, report, notice, request, consent, order or other paper or document reasonably believed by the Plan Administrator to be genuine and to have been signed or presented by the proper party or parties; and (b) persons (including any professionals retained by the Plan Administrator in accordance with this Agreement) engaged in transactions with the Plan Administrator shall look only to the Trust Proceeds to satisfy any liability incurred by the Plan Administrator to such person in carrying out the terms of this Agreement, the Plan or the Confirmation Order, and the Plan Administrator shall have no personal or individual obligation to satisfy any such liability.