Common use of Determination Conclusive Clause in Contracts

Determination Conclusive. The determination of any Flexible Interest Rate, Daily Interest Rate, Weekly Interest Rate and Term Interest Rate and each Flexible Segment by the Remarketing Agent shall be conclusive and binding upon the Remarketing Agent, the Trustee, the Paying Agent, the Issuer, the Company and the Owners of the Bonds.

Appears in 2 contracts

Sources: Trust Indenture (Enron Corp/Or/), First Supplemental Trust Indenture (Enron Corp/Or/)

Determination Conclusive. The determination of any Flexible Interest Rate, Daily Interest Rate, Weekly Interest Rate and Term Interest Rate and each Flexible Segment by the Remarketing Agent shall be conclusive and binding upon the Remarketing Agent, the Trustee, the Paying Agent, the Issuer, the Company and the Owners of the Bonds.. -23- Forsyth Series 1998B Trust Indenture

Appears in 1 contract

Sources: First Supplemental Trust Indenture (Enron Corp/Or/)