Determination by Lender Sample Clauses
The 'Determination by Lender' clause grants the lender the authority to make decisions or judgments regarding specific matters outlined in the agreement. Typically, this means the lender can assess whether certain conditions have been met, such as compliance with covenants or the occurrence of default events, often based on their own discretion or reasonable opinion. This clause ensures that the lender retains control over key determinations, thereby reducing ambiguity and allowing for efficient management of the loan relationship.
Determination by Lender. Each determination of an interest rate, fee, cost, indemnification or other amount by the Lender pursuant to any provision of this Agreement shall be conclusive and binding on the Borrower in the absence of manifest error.
Determination by Lender. In any instance in this Agreement where the consent or approval of Lender may be given or is required, or where any determination, judgment or decision is to be rendered by Lender under this Agreement, the granting, withholding or denial of such consent or approval and the rendering of such determination, judgment or decision shall be made or exercised by Lender (or its designated representative) at its sole and exclusive option and in its sole and absolute discretion.
Determination by Lender. If any Lender determines that for the Term Loans made to Borrower hereunder and for other similar loans made by such Lender to similar borrowers the resulting rate does not accurately reflect the cost to such Lender of making or converting Borrowings at that rate for the applicable Interest Period, then such Lender shall promptly notify Administrative Agent and Borrower, and all Borrowings of such Lender shall bear interest at the Base Rate. Until Administrative Agent notifies Borrower that such circumstances no longer exist, such Lender's commitment under this Agreement to make, or to convert to, Eurodollar Borrowings shall be suspended.
Determination by Lender. Each determination by the Lender of an amount of interest payable by the Borrower hereunder shall be conclusive and binding for all purposes, absent manifest error.
Determination by Lender. Each determination by the Lender of an interest rate or fees hereunder shall be conclusive and binding for all purposes in the absence of manifest error.