Reliance by Trustees. Except as otherwise provided in Section 7.1:
Reliance by Trustees. (a) The Trustees may consult with legal counsel, auditors or other experts to be selected by them and the advice or opinion of such counsel, auditors, or other experts shall be full and complete personal protection to the Trustees and agents of the Trust in respect of any action taken or suffered by the Trustees in good faith and in the reliance on, or in accordance with, such advice or opinion.
Reliance by Trustees. (a) Whenever in the administration of this Trust Agreement, the Guarantees or the Security Documents the Trustees shall deem it necessary or desirable that a factual matter be proved or established in connection with the Trustees taking, suffering or omitting any action hereunder or thereunder, such matter (unless other evidence in respect thereof is herein specifically prescribed) may be deemed in the absence of actual knowledge of a Responsible Trustee Officer to the contrary to be conclusively proved or established by a certificate of a Responsible Officer delivered to the Corporate Trustee, and such certificate shall be full warrant to the Trustees for any action taken, suffered or omitted in reliance thereon, subject, however, to the provisions of subsection 7.5.
Reliance by Trustees. 32 7.5 Limitations on Duties of Trustees; Relationship between Corporate Trustee and Individual Trustee................. 33 7.6 Moneys to be Held in Trust.................................. 34 7.7 Resignation and Removal of the Trustees..................... 34 7.8 Status of Successor Corporate Trustee....................... 36 7.9 Merger of the Corporate Trustee............................. 36 7.10 Co-Trustee; Separate Trustees............................... 36 7.11 Treatment of Payee or Indorsee by Trustees; Representatives of Secured Parties....................................... 38 7.12 Notices to Corporate Trustee under Security Documents....... 38
Reliance by Trustees. Except as otherwise provided in Section 4.2 hereof:
Reliance by Trustees. The Trustees may consult with counsel, auditors or other experts, and the advice or opinion of such counsel, auditors, or other experts shall be full and complete personal protection to the Trustees in respect of any action taken or suffered by them in good faith and in reliance or in accordance with such advice or opinion. In discharging their duties, Trustees may rely upon financial statements of the Trust represented to the Trustees to be correct by the person or persons having charge of the Trust s of account. The Trustees shall and be personally protected in acting, upon any instrument or document of any sort whatsoever reasonably believed by them to be genuine.
Reliance by Trustees. 17 7.3. Safekeeping of Trust Assets........................................18 Table of Contents (continued) Page
Reliance by Trustees. ..17 Table of Contents (continued)
Reliance by Trustees. The Trustees shall be fully protected in acting upon any instrument, certificate or paper reasonably believed by them to be genuine and to be signed or presented by the proper person or persons, and shall be under no duty to make further investigation or inquiry as to any statement contained in any such writing and may accept the same as conclusive evidence of the truth and accuracy of the statements therein contained.
Reliance by Trustees. Except as otherwise provided in ARTICLE 9 hereof:
