Example ContractsClausesreliance by lenderIdentical
Reliance by Lender
Reliance by Lender contract clause examples

Reliance by Agent. Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper Person. Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability for relying thereon. Agent may consult with legal counsel (who may be counsel for Borrower), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. In determining compliance with any condition hereunder to the making of a Credit Extension that, by its terms, must be fulfilled to the satisfaction of a Lender, Agent may presume that such condition is satisfactory to such Lender unless Agent shall have received notice to the contrary from such Lender prior to the making of such Credit Extension. Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement and the other Loan Documents in accordance with a request of the Lenders, and such request and any action taken or failure to act pursuant thereto shall be binding upon Lenders and all future holders of the Credit Extensions.

ACHIEVE LIFE SCIENCES, INC. (ACHV) (CIK 0000949858)
Source: SEC EDGAR database • Date: December 22, 2021 • SIC: 2835 • CIK: 2835
Eloxx Pharmaceuticals, Inc. (ELOX) (CIK 0001035354)
Source: SEC EDGAR database • Date: March 14, 2019 • SIC: 8731 • CIK: 8731
PhaseBio Pharmaceuticals Inc (PHAS) (CIK 0001169245)
Source: SEC EDGAR database • Date: March 26, 2019 • SIC: 2834 • CIK: 2834

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