Common use of Certain Determinations Clause in Contracts

Certain Determinations. In making the determinations contemplated by Sections 7.01, 7.02 and 7.03, each Bank and the Issuing Bank may make such estimates, assumptions, allocations and the like that such Person in good faith determines to be appropriate, and such Person's selection thereof in accordance with this Section 7.04, and the determinations made by such Bank on the basis thereof, shall be final, binding and conclusive upon the Borrower, except, in the case of such determinations, for manifest errors in computation or transmission. Each Bank and the Issuing Bank shall furnish to the Borrower upon request a certificate outlining in reasonable detail the computation of any amounts claimed by it under Sections 7.02 and 7.03 and the assumptions underlying such computations.

Appears in 3 contracts

Sources: Credit Agreement (Garden State Newspapers Inc), Credit Agreement (Garden State Newspapers Inc), Credit Agreement (Garden State Newspapers Inc)

Certain Determinations. In making the determinations contemplated by Sections 7.01, 7.02 and 7.02, 7.03, and 7.04, each Bank and the Issuing Bank may make such estimates, assumptions, allocations and the like that such Person Bank in good faith determines to be appropriate, and such PersonBank's selection thereof in accordance with this Section 7.047.05, and the determinations made by such Bank on the basis thereof, shall be final, binding and conclusive upon the Borrower, except, in the case of such determinations, for manifest errors in computation or transmission. Each Bank and the Issuing Bank shall furnish to the Borrower upon request a certificate outlining in reasonable detail the computation of any amounts claimed by it under Sections 7.02 7.01, 7.02, 7.03 and 7.03 7.04 and the assumptions underlying such computations.

Appears in 2 contracts

Sources: Secured Revolving/Term Credit Agreement (Resource Bancshares Mortgage Group Inc), Secured Revolving/Term Credit Agreement (Resource Bancshares Mortgage Group Inc)

Certain Determinations. In making the determinations contemplated by Sections 7.01, 7.02 and 7.02, 7.03, and 7.04, each Bank and the Issuing Bank may make such estimates, assumptions, allocations and the like that such Person Bank in good faith determines to be appropriate, and such PersonBank's selection thereof in accordance with this Section 7.047.05, and the determinations made by such Bank on the basis thereof, shall be final, binding and conclusive upon the Borrower, except, in the case of such determinations, for manifest errors in computation or transmission. Each Bank and the Issuing Bank shall furnish to the Borrower upon request a certificate outlining in reasonable detail the computation of any amounts claimed by it under Sections 7.02 7.02, 7.03 and 7.03 7.04 and the assumptions underlying such computations.

Appears in 2 contracts

Sources: Credit Agreement (Reinsurance Group of America Inc), Credit Agreement (Reinsurance Group of America Inc)

Certain Determinations. In making the determinations contemplated by Sections 7.01, 7.02 and 7.03, each Bank and the Issuing Bank may make such estimates, assumptions, allocations and the like that such Person in good faith reasonably determines to be appropriate, and such Person's selection thereof in accordance with this Section 7.04, and the determinations made by such Bank Person on the basis thereof, shall be final, binding and conclusive upon the BorrowerBorrowers, except, in the case of such determinations, for manifest errors in computation or transmission. Each Bank and the Issuing Bank shall furnish to the applicable Borrower upon request a certificate outlining in reasonable detail the computation of any amounts claimed by it under Sections 7.02 and 7.03 and the assumptions underlying such computations.

Appears in 1 contract

Sources: Credit Agreement (Premiere Technologies Inc)