Common use of Reliance on Reports Clause in Contracts

Reliance on Reports. A manager, officer, employee or agent of the Company shall be protected in relying in good faith upon the records of the Company and upon such information, opinions, reports, or statements presented to the Company or such manager, officer, employee or agent by any Person as to matters the manager, officer, employee or agent reasonably believes are within such other Person’s professional or expert competence, and who, if selected by the manager, officer, employee or agent has been selected with reasonable care.

Appears in 13 contracts

Samples: Operating Agreement (Climacool Corp.), Operating Agreement (Climacool Corp.), Operating Agreement (Climacool Corp.)

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