Common use of Reliance on Opinions Clause in Contracts

Reliance on Opinions. Before the Administrative Agent acts or does not act, it may require and rely on an Officer's Certificate or an Opinion of Counsel. The Administrative Agent will not be liable for action taken or not taken in good faith in reliance on an Officer's Certificate or Opinion of Counsel.

Appears in 3 contracts

Samples: Credit and Security Agreement (CAB East LLC), Credit and Security Agreement (CAB East LLC), Credit and Security Agreement (CAB East LLC)

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Reliance on Opinions. Before the Administrative Agent acts or does not act, it may require and rely on an Officer's ’s Certificate or an Opinion of Counsel. The Administrative Agent will not be liable for action taken or not taken in good faith in reliance on an Officer's ’s Certificate or Opinion of Counsel.

Appears in 3 contracts

Samples: Credit and Security Agreement (CAB East LLC), Credit and Security Agreement (CAB East LLC), Credit and Security Agreement (Ford Credit Auto Lease Trust 2014-A)

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