Common use of Interpretation of Standards Clause in Contracts

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.