Common use of Liability of Warrant Agent Clause in Contracts

Liability of Warrant Agent. The Warrant Agent may conclusively rely upon and shall be protected by GenTek and shall not incur any liability or responsibility to GenTek or to any Holder for or in respect of any action taken, suffered or omitted by it (a) in connection with its administration of this Agreement or (b) in reliance on any Warrant Certificate or certificate for shares of stock or other securities of GenTek, instrument of assignment or transfer, power of attorney, endorsement, affidavit, letter, direction, statement, notice, resolution, waiver, consent, order, certificate or other paper, document or instrument reasonably believed by it to be genuine and to have been signed, executed, sent, presented and, where necessary, verified or acknowledged, by the proper party or parties, except liabilities arising out of the Warrant Agent's own gross negligence or willful misconduct.