Common use of Reliance upon Books, Reports and Records Clause in Contracts

Reliance upon Books, Reports and Records. Unless he or she has knowledge concerning the matter in question which makes his or her reliance unwarranted, each Manager shall, in the performance of his or her duties hereunder, be entitled to rely on information, opinions, reports or statements, including, without limitation, financial statements and other financial data, if prepared or presented by one or more employees of the Company or by legal counsel, accountants or other Persons as to matters such Manager reasonably believes to be within such Person's professional or expert competence.

Appears in 25 contracts

Samples: Limited Liability Company Agreement (Lind-Waldock Securities, LLC), Limited Liability Company (Lind-Waldock Securities, LLC), Limited Liability Company Agreement (Lind-Waldock Securities, LLC)

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Reliance upon Books, Reports and Records. Unless he or she has knowledge concerning the matter in question which makes his or her reliance unwarranted, each Manager shall, in the performance of his or her duties hereunder, be entitled to rely on information, opinions, reports or statements, including, without limitation, financial statements and other financial data, if prepared or presented by one or more employees of the Company or by legal counsel, accountants or other Persons as to matters such Manager reasonably believes to be within such Person's ’s professional or expert competence.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (Lind-Waldock Securities, LLC), Limited Liability Company Agreement (Lind-Waldock Securities, LLC), Limited Liability Company Agreement (Lind-Waldock Securities, LLC)

Reliance upon Books, Reports and Records. Unless he or she has knowledge concerning the matter in question which makes his or her reliance unwarranted, each Manager and Member shall, in the performance of his or her duties hereunder, be entitled to rely on information, opinions, reports or statements, including, without limitation, financial statements and other financial data, if prepared or presented by one or more employees of the Company or by legal counsel, accountants or other Persons as to matters such Manager or Member reasonably believes to be within such Person's professional or expert competence.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (JMB 245 Park Avenue Associates LTD), First Union Real Estate Equity & Mortgage Investments

Reliance upon Books, Reports and Records. Unless he or she has knowledge concerning the matter in question which makes his or her reliance unwarranted, each Manager shall, in the performance of his or her duties hereunder, be entitled to rely on information, opinions, reports or statements, including, without limitation, including financial statements and other financial data, if prepared or presented by one or more employees of the Company or by legal counsel, accountants or other Persons as to matters such Manager reasonably believes to be within such Person's ’s professional or expert competence.

Appears in 1 contract

Samples: Limited Liability Company Agreement (U S Energy Systems Inc)

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Reliance upon Books, Reports and Records. Unless he or she it has knowledge concerning the matter in question which makes his or her its reliance unwarranted, the Manager and each Manager Member shall, in the performance of his or her its duties hereunder, be entitled to rely on information, opinions, reports or statements, including, without limitation, financial statements and other financial data, if prepared or presented by one or more employees of the Company Manager or by legal counsel, accountants or other Persons as to matters such Manager or Member reasonably believes to be within such Person's ’s professional or expert competence.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Reliance upon Books, Reports and Records. Unless he or she it has knowledge concerning the matter in question which makes his or her reliance unwarranted, the Manager and each Manager Member shall, in the performance of his or her its respective duties hereunder, be entitled to rely on information, opinions, reports or statements, including, without limitation, financial statements and other financial data, if prepared or presented by one or more employees of the Company or by legal counsel, accountants or other Persons as to matters the Manager or such Manager Member reasonably believes to be within such Person's professional or expert competence.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Willis Lease Finance Corp)

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