Common use of Reliance on Consultants and Advisers Clause in Contracts

Reliance on Consultants and Advisers. The Managing Member may consult with legal counsel, accountants, appraisers, management consultants, investment bankers and other consultants and advisers selected by it, and any act taken or omitted to be taken in reliance upon the opinion of such Persons as to matters which such Managing Member reasonably believes to be within such Person’s professional or expert competence shall be conclusively presumed to have been done or omitted in good faith and in accordance with such opinion.

Appears in 10 contracts

Samples: Limited Liability Company Agreement (Sunstone Hotel Investors, Inc.), Limited Liability Company Agreement (Sunstone Hotel Investors, Inc.), Limited Liability Company Agreement (Sunstone Hotel Investors, Inc.)

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Reliance on Consultants and Advisers. The Managing Member Members may consult with legal counsel, accountants, appraisers, management consultants, investment bankers and other consultants and advisers selected by itthem, and any act taken or omitted to be taken in reliance upon and in accordance with the opinion of such Persons as to matters which such the Managing Member Members reasonably believes believe to be within such Person’s professional or expert competence shall be conclusively presumed to have been prima facie evidence that such act was done or omitted in good faith and in accordance with such opinionfaith.

Appears in 3 contracts

Samples: Development Management Agreement (Skechers Usa Inc), Development Management Agreement (Skechers Usa Inc), Limited Liability Company Agreement (Skechers Usa Inc)

Reliance on Consultants and Advisers. The Managing Member may consult with legal counsel, accountants, appraisers, management consultants, investment bankers and other consultants and advisers selected by it, and any act taken or omitted to be taken in reliance upon the opinion of such Persons as to matters which such Managing Member reasonably believes to be within such Person’s 's professional or expert competence shall be conclusively presumed to have been done or omitted in good faith and in accordance with such opinion.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Strategic Hotel Capital Inc), Limited Liability Company Agreement (Strategic Hotel Capital Inc), Limited Liability Company Agreement (Strategic Hotel Capital Inc)

Reliance on Consultants and Advisers. 7.7.3 . The Managing Member Members may consult with legal counsel, accountants, appraisers, management consultants, investment bankers and other consultants and advisers selected by itthem, and any act taken or omitted to be taken in reliance upon and in accordance with the opinion of such Persons as to matters which such the Managing Member Members reasonably believes believe to be within such Person’s professional or expert competence shall be conclusively presumed to have been prima facie evidence that such act was done or omitted in good faith and in accordance with such opinionfaith.

Appears in 1 contract

Samples: Lease Agreement (Skechers Usa Inc)

Reliance on Consultants and Advisers. The Managing Member may consult with legal counsel, accountants, appraisers, management consultants, investment bankers and other consultants and advisers selected by it, and any act action taken or omitted to be taken in reliance upon the opinion of any of such Persons as to matters which such Managing Member reasonably believes to be within such Person’s professional or expert competence shall be conclusively presumed to have been done or omitted in good faith and in accordance with such opinion.

Appears in 1 contract

Samples: Fourth Amended And (Developers Diversified Realty Corp)

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Reliance on Consultants and Advisers. The Managing Member may consult with legal counsel, accountants, appraisers, management consultants, investment bankers and other consultants and advisers selected by it, and any act taken or omitted to be taken in reliance upon and in accordance with the opinion of such Persons as to matters which such Managing Member reasonably believes to be within such Person’s 's professional or expert competence shall be conclusively presumed to have been done or omitted in good faith and in accordance with such opinion.

Appears in 1 contract

Samples: Operating Agreement (Strategic Hotel Capital Inc)

Reliance on Consultants and Advisers. The Managing Member may consult with legal counsel, accountants, appraisers, management consultants, investment bankers and other consultants and advisers selected by it, and any act taken or omitted to be taken in reliance upon and in accordance with the opinion of such Persons as to matters which such Managing Member reasonably believes to be within such Person’s 's professional or expert competence shall be conclusively presumed to have been done or omitted in good faith and in accordance with such opinion.expert

Appears in 1 contract

Samples: Registration Rights Agreement (Tarragon Realty Investors Inc)

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