Determinations Conclusive. The Facility Agent shall promptly notify the Borrower of the determination of a rate of interest under this clause 7 and each such determination shall (save in the case of manifest error) be final and conclusive.
Appears in 7 contracts
Sources: Loan Agreement (Teekay Offshore Partners L.P.), Secured Term Loan Facility Agreement (Teekay Offshore Partners L.P.), Secured Term Loan Facility (Teekay Offshore Partners L.P.)
Determinations Conclusive. The Facility Agent shall promptly notify the Borrower of the determination of a rate of interest under this clause Clause 7 and each such determination shall (save in the case of manifest error) be final and conclusive.
Appears in 2 contracts
Sources: Loan Agreement (Teekay Shipping Corp), Loan Agreement (Teekay Shipping Corp)
Determinations Conclusive. The Facility Agent shall promptly notify the Borrower Borrowers of the determination of a rate of interest under this clause 7 Clause 7.12 and each such determination shall (save in the case of manifest error) be final and conclusive.
Appears in 1 contract
Determinations Conclusive. The Facility Agent shall promptly notify the Borrower and the Lenders under the relevant Tranche of the determination of a rate of interest under this clause Clause 7 and each such determination shall (save in the case of manifest error) be final and conclusive.
Appears in 1 contract
Sources: Loan Agreement