Interpretations and Determinations Clause Samples

The 'Interpretations and Determinations' clause defines how ambiguities or uncertainties in the contract are to be resolved and who has the authority to make such decisions. Typically, this clause specifies that a particular party, such as the contract administrator or an agreed-upon third party, will interpret unclear terms or make determinations regarding the contract's requirements. This ensures that any disputes or questions about the meaning of contract provisions are addressed efficiently, reducing the risk of prolonged disagreements and providing a clear process for resolving interpretive issues.
Interpretations and Determinations. All interpretations, determinations and other actions by the Committee not revoked or modified by the Board will be final, conclusive and binding upon all parties hereto.
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Interpretations and Determinations. The application of this Agreement and any dispute or ambiguity concerning the subject matter of this Agreement shall be determined by Will▇▇▇▇ ▇▇ its sole and absolute discretion. Such determination by Will▇▇▇▇ ▇▇▇ll be final and binding upon Communications.
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Interpretations and Determinations. [Redacted] have the authority and discretion to interpret this Policy (including any defined terms) and apply this Policy to Reserve Management and all other matters addressed in this Policy. If necessary, final determination of questions arising under this Policy will be made by [Redacted].
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Interpretations and Determinations. The application of this Agreement and any dispute or ambiguity concerning the subject matter of this Agreement shall be determined by Parent in its good faith discretion in a manner consistent with the underlying principles of and procedures for allocation under this Agreement. Such determination by Parent shall be final and binding upon MFH, the MFH Subsidiaries, TCBY and the TCBY Subsidiaries. Parent may from time to time establish any other special rules that Parent in good faith deems necessary or appropriate to carry out the purposes ▇▇ ▇▇▇▇ ▇▇▇eement.
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Related to Interpretations and Determinations

  • Decisions and Determinations Any determination, decision or election that may be made by the Issuer pursuant to this Section 3.19(c) (or pursuant to any capitalized term used in this Section 3.19(c) or in any such capitalized term), including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action or any selection, will be conclusive and binding absent manifest error, may be made in the Issuer's sole discretion, and, notwithstanding anything to the contrary in the Transaction Documents, will become effective without consent from any other party. None of the Issuer, the Owner Trustee, the Indenture Trustee, the Calculation Agent, the Administrator, the Sponsor, the Depositor or the Servicer will have any liability for any determination made by or on behalf of the Issuer pursuant to this Section 3.19(c) (or pursuant to any capitalized term used in this Section 3.19(c) or in any such capitalized term), and each Noteholder and Note Owner, by its acceptance of a Note or a beneficial interest in a Note, will be deemed to waive and release any and all claims against the Issuer, the Owner Trustee, the Indenture Trustee, the Calculation Agent, the Administrator, the Sponsor, the Depositor and the Servicer relating to any such determinations.

  • Calculations and Determinations The Calculation Agent shall in respect of each Series of Notes in relation to which it is appointed as such:

  • Accounting Terms and Determinations Unless otherwise specified herein, all accounting terms used herein shall be interpreted, all determinations with respect to accounting matters hereunder shall be made, and all financial statements and certificates and reports as to financial matters required to be furnished to the Agent or the Lenders hereunder shall be prepared, in accordance with GAAP, applied on a basis consistent with the audited financial statements of the Borrower referred to in Section 7.02 (except for changes concurred with by the Borrower's independent public accountants).

  • Opinions and Determinations Where the terms of this Contract provide for action to be based upon opinion, judgment, approval, review, or determination of either party hereto, such terms are not intended to be and shall never be construed as permitting such opinion, judgment, approval, review, or determination to be arbitrary, capricious, or unreasonable.

  • Accounting Terms and Determinations; GAAP Unless otherwise specified herein, all accounting terms used herein shall be interpreted, all determinations with respect to accounting matters hereunder shall be made, and all financial statements and certificates and reports as to financial matters required to be furnished to the Administrative Agent or the Lenders hereunder shall be prepared, in accordance with GAAP, applied on a basis consistent with the Financial Statements except for changes in which Borrower’s independent certified public accountants concur and which are disclosed to Administrative Agent on the next date on which financial statements are required to be delivered to the Lenders pursuant to Section 8.01(a); provided that, unless the Borrower and the Majority Lenders shall otherwise agree in writing, no such change shall modify or affect the manner in which compliance with the covenants contained herein is computed such that all such computations shall be conducted utilizing financial information presented consistently with prior periods.