Common use of Right to Receive Advice Clause in Contracts

Right to Receive Advice. If an Administrator is in doubt as to any action it should or should not take, it may request directions or advice, including Oral Instructions or Written Instructions, from or on behalf of the Company. If an Administrator shall be in doubt as to any question of law pertaining to any action it should or should not take, it may request advice at its own cost from such counsel of its own choosing (who may be counsel for the Company, the Company’s investment adviser or the Administrator, at the option of the Administrator). In the event of a conflict between directions or advice or Oral Instructions or Written Instructions an Administrator receives from or on behalf of the Company, and the advice it receives from counsel, the Administrator shall be entitled to rely upon and follow the advice of counsel. Each Administrator shall be indemnified by the Company and without liability for any action it takes or does not take in reasonable reliance upon directions or advice or Oral Instructions or Written Instructions it receives from or on behalf of the Company or from counsel and which the Administrator believes, in good faith, to be consistent with those directions or advice or Oral Instructions or Written Instructions. Nothing in this Section 3 shall be construed so as to impose an obligation upon an Administrator to seek such directions or advice or Oral Instructions or Written Instructions.

Right to Receive Advice. If an Sub-Administrator is in doubt as to any action it should or should not take, it may request directions or advice, including Oral Instructions or Written Instructions, from or on behalf of BlackRock or the Company. If an Sub-Administrator shall be in doubt as to any question of law pertaining to any action it should or should not take, it may request advice at its own cost from such counsel of its own choosing (who may be counsel for the Company, the Company’s investment adviser BlackRock or the Sub-Administrator, at the option of the Sub-Administrator). In the event of a conflict between directions or advice or Oral Instructions or Written Instructions an Sub-Administrator receives from or on behalf of BlackRock or the Company, and the advice it receives from counsel, the Sub-Administrator shall be entitled to rely upon and follow the advice of counsel. Each Sub-Administrator shall be indemnified by the Company BlackRock and without liability for any action it takes or does not take in reasonable reliance upon directions or advice or Oral Instructions or Written Instructions it receives from or on behalf of BlackRock or the Company or from counsel and which the Sub-Administrator believes, in good faith, to be consistent with those directions or advice or Oral Instructions or Written Instructions. Nothing in this Section 3 shall be construed so as to impose an obligation upon an Sub-Administrator to seek such directions or advice or Oral Instructions or Written Instructions.

Right to Receive Advice. If an the Administrator is in doubt as to any action it should or should not take, it may request directions or advice, including Oral Instructions or Written Instructions, from or on behalf of the Company. If an the Administrator shall be in doubt as to any question of law pertaining to any action it should or should not take, it may request advice at its own cost from such counsel of its own choosing (who may be counsel for the Company, the Company’s investment adviser or the Administrator, at the option of the Administrator). In the event of a conflict between directions or advice or Oral Instructions or Written Instructions an the Administrator receives from or on behalf of the Company, and the advice it receives from counsel, the Administrator shall be entitled to rely upon and follow the advice of counsel. Each The Administrator shall be indemnified by the Company and without liability for any action it takes or does not take in reasonable reliance upon directions or advice or Oral Instructions or Written Instructions it receives from or on behalf of the Company or from counsel and which the Administrator believes, in good faith, to be consistent with those directions or advice or Oral Instructions or Written Instructions. Nothing in this Section 3 shall be construed so as to impose an obligation upon an the Administrator to seek such directions or advice or Oral Instructions or Written Instructions.

Right to Receive Advice. If an Administrator is in doubt as to any ----------------------- action it should or should not take, it may request directions or advice, including Oral Instructions or Written Instructions, from or on behalf of the Company. If an Administrator shall be in doubt as to any question of law pertaining to any action it should or should not take, it may request advice at its own cost from such counsel of its own choosing (who may be counsel for the Company, the Company’s 's investment adviser or the Administrator, at the option of the Administrator). In the event of a conflict between directions or directions, advice or Oral Instructions or Written Instructions an Administrator receives from or on behalf of the Company, Company and the advice it receives from counsel, the Administrator shall be entitled to may rely upon and follow the advice of counsel. Each Administrator shall be indemnified by the Company and without liability for protected in any action it takes or does not take in reasonable reliance upon directions or directions, advice or Oral Instructions or Written Instructions it receives from or on behalf of the Company or from counsel and which the Administrator believes, in good faith, to be consistent with those directions or directions, advice or Oral Instructions or Written Instructions. Nothing in this Section 3 shall be construed so as to impose an obligation upon an Administrator (i) to seek such directions directions, advice or Oral Instructions or Written Instructions or (ii) to act in accordance with such directions, advice or Oral Instructions or Written Instructions.

Right to Receive Advice. If an Administrator is in doubt as to any action it should or should not take, it may request directions or advice, including Oral Instructions or Written Instructions, from or on behalf of the Company. If an Administrator shall be in doubt as to any question of law pertaining to any action it should or should not take, it may request advice at its own cost from such counsel of its own choosing (who may be counsel for the Company, the Company’s 's investment adviser or the Administrator, at the option of the Administrator). In the event of a conflict between directions or directions, advice or Oral Instructions or Written Instructions an Administrator receives from or on behalf of the Company, Company and the advice it receives from counsel, the Administrator shall be entitled to may rely upon and follow the advice of counsel. Each Administrator shall be indemnified by the Company and without liability for protected in any action it takes or does not take in reasonable reliance upon directions or directions, advice or Oral Instructions or Written Instructions it receives from or on behalf of the Company or from counsel and which the Administrator believes, in good faith, to be consistent with those directions or directions, advice or Oral Instructions or Written Instructions. Nothing in this Section 3 shall be construed so as to impose an obligation upon an Administrator (i) to seek such directions directions, advice or Oral Instructions or Written Instructions or (ii) to act in accordance with such directions, advice or Oral Instructions or Written Instructions.