Certificates and determinations Sample Clauses
The 'Certificates and determinations' clause establishes the authority and process for an appointed individual or entity to issue formal statements or decisions regarding specific facts, progress, or compliance under a contract. Typically, this clause applies to matters such as confirming completion of work, assessing payment amounts, or verifying that contractual obligations have been met, often through written certificates or determinations. Its core practical function is to provide an efficient and authoritative mechanism for resolving factual or technical questions during contract performance, thereby reducing disputes and ensuring smooth project administration.
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Certificates and determinations. Any certification or determination by the Lender of a rate or amount under this Agreement is, in the absence of manifest error, conclusive evidence of the matters to which it relates.
Certificates and determinations. Any certification or determination by a Finance Party of a rate or amount under any Finance Document is, in the absence of manifest error, conclusive evidence of the matters to which it relates.
Certificates and determinations. Any certification or determination by the Facility Agent of a rate or amount under the Finance Documents will be, in the absence of manifest error, conclusive evidence of the matters to which it relates.
Certificates and determinations. Any certification or determination by the Agent of a rate or amount under any Finance Document is, in the absence of manifest error, conclusive evidence of the matters to which it relates.
Certificates and determinations. Any certification or determination by the Lender of a rate or amount under any Finance Document is, in the absence of manifest error, prima facie evidence of the matters to which it relates.
Certificates and determinations. Any certification or determination by the Administrative Agent or any Purchaser of a rate or amount under any Purchase Document shall be, absent manifest error, conclusive evidence of the matters to which it relates.
Certificates and determinations. Any certification or determination by a Finance Party of a rate or amount under the Finance Documents is prima facie evidence of the matters to which it relates. Any determination by a Finance Party of an amount under a Finance Document shall contain a calculation of the amount in reasonable detail.
Certificates and determinations. Any certification or determination by the Funding 1 Liquidity Facility Provider of a rate or amount under this Agreement is, in the absence of manifest error, conclusive evidence of the matters to which it relates.
Certificates and determinations. (a) The Finance Parties make the certifications or determinations of a rate or amount under any Finance Document in the exercise of their unilateral right to specify performance (einseitiges Leistungsbestimmungsrecht) which they will exercise with reasonable discretion (billiges Ermessen).
(b) The Parties agree not to dispute in any legal proceeding the correctness of the determinations and certifications of a rate or amount made by a Finance Party under any Finance Document unless the determinations or certifications are inaccurate on their face or fraud can be shown.
Certificates and determinations. Any certification or determination by the Security Agent of a rate or amount under this Deed will be, in the absence of manifest error, conclusive evidence of the matters to which it relates.