Common use of TRUSTEE MAY RELY ON CERTIFICATES Clause in Contracts

TRUSTEE MAY RELY ON CERTIFICATES. If at any time it is necessary or desirable for the Trustee to make any investigation respecting any fact preparatory to taking or not taking any action or doing or not doing anything as such Trustee, and in any case in which this Indenture provides for permitting or taking any action, the Trustee may conclusively rely upon any certificate required or permitted to be filed with it under the provision of this Indenture, and any such certificate shall be evidence of such fact or protect the Trustee in any action that it may or may not take and in respect of anything it may or may not do, in good faith, by reason of the supposed existence of such fact. Except as otherwise provided in this Indenture, any request, notice, certificate or other instrument from the City to the Trustee shall be deemed to have been signed by the proper party or parties if signed by the Authorized Representative, and the Trustee may accept and rely upon a certificate signed by the Authorized Representative as to any action taken by the City.

Appears in 1 contract

Sources: Trust Indenture

TRUSTEE MAY RELY ON CERTIFICATES. If at any time it is shall be necessary or desirable for the Trustee to make any investigation respecting any fact preparatory to taking or not taking any action or doing or not doing anything as such Trustee, and in any case in which this Indenture Trust Agreement provides for permitting or taking any action, the Trustee may conclusively rely upon any certificate required or permitted to be filed with it under the provision provisions of this IndentureTrust Agreement, and any such certificate shall be evidence of such fact or protect the Trustee in any action that it may or may not take and or in respect of anything it may or may not do, in good faithabsence of willful misconduct, by reason of the supposed existence of such fact. Except as otherwise provided in this IndentureTrust Agreement, any request, notice, certificate or other instrument from the City to the Trustee shall be deemed to have been signed by the proper party or parties if signed by the any Authorized RepresentativeOfficer, and the Trustee may accept and rely upon a certificate signed by the any Authorized Representative Officer as to any action taken by the City.

Appears in 1 contract

Sources: Trust Agreement

TRUSTEE MAY RELY ON CERTIFICATES. If at any time it is shall be necessary or desirable for the Trustee to make any investigation respecting any fact preparatory to taking or not taking any action or doing or not doing anything as such Trustee, and in any case in which this Indenture Trust Agreement provides for permitting or taking any action, the Trustee may conclusively rely upon any certificate required or permitted to be filed with it under the provision provisions of this IndentureTrust Agreement, and any such certificate shall be evidence of such fact or protect the Trustee in any action that it may or may not take and or in respect of anything it may or may not do, in good faith, by reason of the supposed existence of such fact. Except as otherwise provided in this IndentureTrust Agreement, any request, notice, certificate or other instrument from the City District to the Trustee shall be deemed to have been signed by the proper party or parties if signed by the Authorized any District Representative, and the Trustee may accept and conclusively rely upon a certificate signed by the Authorized any District Representative as to any action taken by the CityDistrict.

Appears in 1 contract

Sources: Trust Agreement