Common use of Reliance on Counsel Clause in Contracts

Reliance on Counsel. The Warrant Agent may consult at any time with legal counsel satisfactory to it (who may be counsel for the Company), and the Warrant Agent shall incur no liability or responsibility to the Company or to any Holder in respect of any action taken, suffered or omitted by it hereunder in good faith and in accordance with the opinion or the advice of such counsel.

Appears in 6 contracts

Samples: Confidential Warrant Agreement, Warrant Agreement (Optical Cable Corp), Class a Warrant Agent Agreement (Trilink Energy, Inc.)

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Reliance on Counsel. The Warrant Agent may consult at any time with legal counsel satisfactory to it and the Company (who may be counsel for the Company), ) and the Warrant Agent shall incur no liability or responsibility to the Company or to any Holder in respect of any action taken, suffered or omitted by it hereunder in good faith and in accordance with the opinion or the advice of such counsel.

Appears in 5 contracts

Samples: Agreement and Plan of Merger (Jacor Communications Inc), Warrant Agreement (Jacor Communications Inc), Warrant Agreement (Jacor Communications Inc)

Reliance on Counsel. The Before the Warrant Agent acts or refrains from acting, the Warrant Agent may consult at any time with legal counsel satisfactory to it (who may be counsel for the Company), and the Warrant Agent shall incur no liability or responsibility to the Company or to any Holder in respect of to any action taken, suffered or omitted by it hereunder in good faith and in accordance with the opinion or the advice of such counsel.

Appears in 4 contracts

Samples: Warrant Agreement (Mercury Finance Co), Warrant Agreement (Mercury Finance Co), Warrant Agreement (Mercury Finance Co)

Reliance on Counsel. The Warrant Agent may consult at any time with legal counsel satisfactory to it (who may be counsel for the Company), and the Warrant Agent shall incur no liability or responsibility to the Company or to any Holder in respect of any action taken, suffered or omitted by it hereunder in good faith and in accordance with the opinion or the advice of such counsel.

Appears in 1 contract

Samples: Unit Purchase Agreement (Diasense Inc/Pa)

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Reliance on Counsel. The Warrant Agent may consult at any time with legal counsel satisfactory to it (who may be counsel for the Company), Bank) and the Warrant Agent shall incur no liability or responsibility to the Company or to any Holder in respect of any action taken, suffered or omitted committed by it hereunder in good faith and in accordance with the opinion or the advice of such counsel.

Appears in 1 contract

Samples: Agreement (American Bank Inc)

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