Common use of Discretions Clause in Contracts

Discretions. The Account Bank: (a) may assume, unless it has in its capacity as Account Bank received notice to the contrary from the Issuer Security Trustee or any other party hereto or has actual knowledge to the contrary, that no Senior DSCR Enforcement Event or Issuer Event of Default or from the AssetCo Security Trustee or any other party hereto that no AssetCo Event of Default, in each case has occurred and is continuing; (b) may engage and pay for proper costs in relation to the advice or services of any lawyers, accountants, surveyors or other experts whose advice or services may to it seem reasonably necessary and rely upon any advice so obtained; (c) may rely as to any matters of fact which might reasonably be expected to be within the knowledge of ParentCo or the Issuer upon a certificate signed by or on behalf of ParentCo or the Issuer; (d) may in the absence of actual knowledge of fraud or deception, rely upon any communication or document believed by it to be genuine; and (e) notwithstanding any other provision to the contrary, is not obliged to do or omit to do anything if it would or might in its reasonable opinion constitute a breach of any law or a breach of a duty of confidentiality.