Common use of Reliance Upon Documents Clause in Contracts

Reliance Upon Documents. Subject to the provisions of Section 4.08 hereof, in the absence of gross negligence or willful misconduct on its part, the Master Collateral Agent shall be entitled to rely on any communication, instrument, paper or other document reasonably believed by it to be genuine and correct and to have been signed or sent by the proper Person and shall have no liability in acting, or omitting to act, where such action or omission to act is in reasonable reliance upon any statement or opinion contained in any such document or instrument.