Common use of Reliance on Counsel Clause in Contracts

Reliance on Counsel. In case of doubt as to the Trustee’s rights, powers, duties and responsibilities under this agreement or the Pre-need Contract, including to whom a distribution should be made; the Trustee may select counsel and pay therefore from the trust and act or refrain from acting on the opinion or advice of such counsel and shall not be liable absent bad faith for any loss resulting from any such action taken or omitted to be taken in accordance with any such opinion or advice.

Appears in 2 contracts

Samples: Master Trust Agreement, Master Trust Agreement

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Reliance on Counsel. In case of doubt as to the Trustee’s rights, powers, duties and responsibilities under this agreement or the Pre-need Contract, including to whom a distribution should be made; the Trustee may select counsel and pay therefore from the trust and act or refrain from acting on the opinion or advice of such counsel and shall not be liable absent bad faith for or any loss resulting from any such action taken or omitted to be taken in accordance with any such opinion or advice.

Appears in 1 contract

Samples: Master Trust Agreement

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Reliance on Counsel. In case of doubt as to the Trustee’s 's rights, powers, duties and responsibilities under this agreement or the Pre-need Contract, including to whom a distribution should be made; the Trustee may select counsel and pay therefore from the trust and act or refrain from acting on the opinion or advice of such counsel and shall not be liable absent bad faith for any loss resulting from any such action taken or omitted to be taken in accordance with any such opinion or advice.

Appears in 1 contract

Samples: Master Trust Agreement

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