Common use of Determinations by the Manager Clause in Contracts

Determinations by the Manager. The determination as to any of the following matters by the Manager consistent with the Act and this Agreement shall be final and conclusive and shall be binding upon the Company and every Member: the form, amount and timing of any distribution; the amount, purpose, time of creation, increase or decrease, alteration or cancellation of any reserves or charges and the propriety thereof (whether or not any obligation or liability for which such reserves or charges shall have been created shall have been paid or discharged); the amount of any capital account of any holder of an Economic Interest; the amount of profit, loss or depreciation for any period; the value of any property of the Company; any interpretation of the terms, preferences, conversion or other rights, voting powers or rights, restrictions, limitations as to allocations and distributions, qualifications or terms or conditions of redemption of any Person’s interest in the Company; any matter relating to the acquisition, holding and disposition of any property of the Company; or any other matter relating to the business and affairs of the Company or required or permitted by applicable law, this Agreement or otherwise to be determined by the Manager.