Reliance by Trustees. Except as otherwise provided in Section 7.1:
Reliance by Trustees. (a) The Trustees may consult with legal counsel, auditors or other experts to be selected by them and the advice or opinion of such counsel, auditors, or other experts shall be full and complete personal protection to the Trustees and agents of the Trust in respect of any action taken or suffered by the Trustees in good faith and in the reliance on, or in accordance with, such advice or opinion.
Reliance by Trustees. Except as otherwise provided in Section 4.2 hereof:
Reliance by Trustees. (a) Whenever in the administration of this Trust Agreement, the Guarantees or the Security Documents the Trustees shall deem it necessary or desirable that a factual matter be proved or established in connection with the Trustees taking, suffering or omitting any action hereunder or thereunder, such matter (unless other evidence in respect thereof is herein specifically prescribed) may be deemed in the absence of actual knowledge of a Responsible Trustee Officer to the contrary to be conclusively proved or established by a certificate of a Responsible Officer delivered to the Corporate Trustee, and such certificate shall be full warrant to the Trustees for any action taken, suffered or omitted in reliance thereon, subject, however, to the provisions of subsection 7.5.
Reliance by Trustees. The Trustees may consult with counsel, auditors or other experts, and the advice or opinion of such counsel, auditors, or other experts shall be full and complete personal protection to the Trustees in respect of any action taken or suffered by them in good faith and in reliance or in accordance with such advice or opinion. In discharging their duties, Trustees may rely upon financial statements of the Trust represented to the Trustees to be correct by the person or persons having charge of the Trust s of account. The Trustees shall and be personally protected in acting, upon any instrument or document of any sort whatsoever reasonably believed by them to be genuine.
Reliance by Trustees. 32 7.5 Limitations on Duties of Trustees; Relationship between Corporate Trustee and Individual Trustee................. 33 7.6 Moneys to be Held in Trust.................................. 34 7.7 Resignation and Removal of the Trustees..................... 34 7.8 Status of Successor Corporate Trustee....................... 36 7.9 Merger of the Corporate Trustee............................. 36 7.10 Co-Trustee; Separate Trustees............................... 36 7.11 Treatment of Payee or Indorsee by Trustees; Representatives of Secured Parties....................................... 38 7.12 Notices to Corporate Trustee under Security Documents....... 38
Reliance by Trustees. 17 7.3. Safekeeping of Trust Assets........................................18 Table of Contents (continued) Page
Reliance by Trustees. ..17 Table of Contents (continued)
Reliance by Trustees. Except as otherwise provided in ARTICLE 9 hereof:
Reliance by Trustees. A Trustee may rely, and shall be fully protected personally in acting upon, any resolution, statement, certificate, instrument, opinion, report, notice, request, consent, order, or other instrument or document which such Trustee has no reason to believe to be other than genuine and to have been signed or presented other than by the proper party or parties or, in the case of facsimile transmissions, to have been sent other than by the proper party or parties, in each case without obligation to satisfy himself or herself that the same was given in good faith and without responsibility for errors in delivery, transmission, or receipt. In the absence of fraud, willful misconduct or gross negligence, a Trustee may rely as to the truth of statements and correctness of the facts and opinions expressed therein and shall be fully protected personally in acting thereon. The Trustees may consult with and rely on the advice of legal counsel and such other experts, advisors, consultants or other professionals as shall have been retained pursuant to this Agreement and shall be fully protected in respect of any action taken or suffered by them in accordance with the written opinion of legal counsel.
