Common use of Reliance on Counsel Clause in Contracts

Reliance on Counsel. The Depository may from time to time consult with legal counsel of its own choosing in the event of any disagreement, or controversy, or question or doubt as to the construction of any of the provisions hereof or its duties hereunder, and it shall incur no liability and shall be fully protected in acting in good faith in accordance with the opinion or instructions of such counsel. Any such fees and expenses of such legal counsel shall be considered part of the fees and expenses of the Depository described below.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Pronet Inc /De/), Noncompetition Agreement (Pronet Inc /De/)

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Reliance on Counsel. The Depository may from time to time consult with legal counsel of its own choosing in the event of any disagreement, or controversy, or question or doubt as to the construction of any of the provisions hereof or its duties hereunder, and it shall incur no liability and shall be fully protected in acting in good faith in accordance with the opinion or instructions of such counsel. Any such reasonable fees and expenses of such legal counsel shall be considered part of the fees and expenses of the Depository described below.

Appears in 1 contract

Samples: Share Purchase Agreement (Jotan Inc)

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Reliance on Counsel. The Depository may from time to time consult with legal counsel of its own choosing choosing, other than Xxxxxx & Xxxxxx L.L.P., in the event of any disagreement, or controversy, or question or doubt as to the construction of any of the provisions hereof or its duties hereunder, and it shall incur no liability and shall be fully protected in acting in good faith in accordance with the opinion or instructions of such counsel. Any such fees and expenses of such legal counsel shall be considered part of the fees and expenses of the Depository described below.

Appears in 1 contract

Samples: Stock Purchase Agreement (Pronet Inc /De/)

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