Common use of Rights of Administrative Agent Clause in Contracts

Rights of Administrative Agent. (a) Before the Administrative Agent acts or refrains from acting, it may require an Officer’s Certificate and/or an Opinion of Counsel. The Administrative Agent will not be liable for any action it takes or omits to take in the absence of bad faith in reliance on an Officer’s Certificate or Opinion of Counsel. However, the Administrative Agent will examine any such Officer’s Certificates and Opinions of Counsel to determine whether or not they conform on their face to the requirements of this Agreement.

Rights of Administrative Agent. (a) Before the Administrative Agent acts or refrains from actingacting under this Agreement, it may require an Officer’s Certificate and/or or an Opinion of CounselCounsel of the Borrower or the Servicer. The Administrative Agent will not be liable for any action it takes or omits to take in the absence of bad faith in reliance on an any such Officer’s Certificate or Opinion of Counsel. However, the Administrative Agent will examine any such Officer’s Certificates and Opinions of Counsel to determine whether or not they conform on their face to the requirements of this Agreement.