Common use of Right to Rely on Instructions Clause in Contracts

Right to Rely on Instructions. ESOP shall act in reliance upon any instruction, instrument, or signature reasonably believed by ESOP to be genuine and from an Authorized Person(s), officer, or other employee of a Party. ESOP may assume that such representative of a Party to this Agreement who gives any written notice, request, or instruction has the authority to do so. ESOP will not be required to inquire into the truth of, or evaluate the merit of, any statement or representation contained in any notice or document reasonably believed to be from such representative.

Appears in 2 contracts

Sources: Three Party Escrow Service Agreement (SatixFy Communications Ltd.), Three Party Escrow Service Agreement (SatixFy Communications Ltd.)