Interpretation of Standards Sample Clauses

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Interpretation of Standards. No part of these Standards and Selection Procedures is intended to conflict with the Collective Bargaining Contract and where such conflict should develop, the Collective Bargaining Contract shall prevail.
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Interpretation of Standards. The parties acknowledge that this Pooling Agreement and the other Transaction Documents contain many determinations, standards and measurements which must be made or applied by the Transferor and the Servicer in the process of performing their obligations under this Agreement and the other Transaction Documents, including the determination of whether Receivables constitute Eligible Receivables, when or whether Dilutions, Write-offs or Early Amortization Events have occurred, and many other matters. The Transferor and the Servicer shall make or apply such determinations, standards and measurements in good faith and using reasonable judgment, and the Transferor and the Servicer shall bear the burden of proof in any dispute with the Trustee or any Required Person regarding any such determinations, standards or measurements.
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Interpretation of Standards. PHI has sole discretion in interpreting the standards set forth in the Manual.
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Interpretation of Standards. This page intentionally left blank
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Related to Interpretation of Standards

  • Interpretation and Governing Law This Agreement and any dispute arising hereunder shall be governed and interpreted in accordance with the laws of the State of California. This Agreement shall be construed as a whole according to its fair language and common meaning to achieve the objectives and purposes of the parties hereto, and the rule of construction to the effect that ambiguities are to be resolved against the drafting party shall not be employed in interpreting this Agreement, all parties having been represented by counsel in the negotiation and preparation hereof.

  • Interpretation; Governing Law This Agreement shall be construed as a whole and in accordance with its fair meaning and any ambiguities shall not be construed for or against either party. Headings are for convenience only and shall not be used in construing meaning. This Agreement shall be governed and interpreted in accordance with the laws of the Cayman Islands without regard to the conflict of laws principles thereof.

  • Interpretation, etc Any of the terms defined herein may, unless the context otherwise requires, be used in the singular or the plural, depending on the reference. References herein to any Section, Appendix, Schedule or Exhibit shall be to a Section, an Appendix, a Schedule or an Exhibit, as the case may be, hereof unless otherwise specifically provided. The use herein of the word “include” or “including,” when following any general statement, term or matter, shall not be construed to limit such statement, term or matter to the specific items or matters set forth immediately following such word or to similar items or matters, whether or not no limiting language (such as “without limitation” or “but not limited to” or words of similar import) is used with reference thereto, but rather shall be deemed to refer to all other items or matters that fall within the broadest possible scope of such general statement, term or matter.

  • Interpretation of Agreement It is understood that the parties hereto intend this Agreement to be interpreted and enforced so as to provide indemnification to Indemnitee to the fullest extent now or hereafter permitted by law.

  • 2Interpretation The interpretation and construction of the Contract shall be subject to the following provisions: