MBU Policy and Procedures Manual

Page 145

Derivative Instruments

5.030

rendering any legal opinion or otherwise; and/or any other person or entity expressly specified as a reliance party in any such certificate; are solely and exclusively for internal purposes and SHALL NOT IN ANY MANNER affect the validity of any opinion, statement, analysis, agreement, certificate or other paper, document or matter provided by legal counsel, any general financial advisor, any Swap Advisor or any other person or entity to or relative to the University or any other party (such as in connection with the due authorization, execution, delivery, validity, all applicable consents and policies and procedures having been obtained, enforceability, binding nature or otherwise). -



Neither legal counsel nor any general financial advisor, any Swap Advisor or any other person or entity shall have any obligation to inquire as to the following and adherence by the University with this policy. No opinion, statement, analysis, agreement, certificate of other paper, document or matter shall be deemed negated, inaccurate or otherwise affected by any failure to comply with, or departure from, this policy (regardless of whether legal counsel or any general financial advisor, any Swap Advisor or any other person or entity shall have any knowledge of any such failure or departure).

ppm.5.030

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