Common use of Reliance on Instructions Clause in Contracts

Reliance on Instructions. The Depo Bank will be entitled to rely on any instructions that it reasonably believes to be delivered by an Authorized Person for the Secured Party listed on Annex B, but only if such instructions are signed by at least two Authorized Persons for the Secured Party, submitted in the original written form, and the signatures of such two Authorized Persons are notarized and legalized via apostille, and will be entitled to rely on instructions that it reasonably believes to be delivered by an Authorized Person for the Administrator listed on Annex C. The Depo Bank will not be required to verify the calculation of amounts or whether the Issuer is complying with its obligations under the Terms and Conditions of the Bonds except to the extent specified in this Agreement. The Depo Bank will be entitled to additionally satisfy itself with respect to the authenticity of any instruction ostensibly delivered by any Authorized Person for the Secured Party, including by requiring that authority to act on behalf of the Secured Party is certified by an independent officer of the Secured Party, such as the corporate secretary, and imposing such additional requirements as it may reasonably require.

Reliance on Instructions. The Depo Bank will be entitled to rely on any instructions that it reasonably believes to be delivered by an Authorized Person for the Secured Party listed on Annex B, but only if such instructions are signed by at least two Authorized Persons for the Secured Party, submitted in the original written form, and the signatures of such two Authorized Persons are notarized and legalized via apostille, and will be entitled to rely on instructions that it reasonably believes to be delivered by an Authorized Person for the Administrator listed on Annex A nnex C. The Depo Bank will not be required to verify the calculation of amounts or whether the Issuer is complying with its obligations under the Terms and Conditions of the Bonds except to the extent specified in this Agreement. The Depo Bank will be entitled to additionally satisfy itself with respect to the authenticity of any instruction ostensibly delivered by any Authorized Person for the Secured Party, including by requiring that authority to act on behalf of the Secured Party is certified by an independent officer of the Secured Party, such as the corporate secretary, and imposing such additional requirements as it may reasonably require.