BINDING ACTIONS Clause Samples

The Binding Actions clause establishes that certain decisions, actions, or agreements made by specified parties are legally enforceable and must be adhered to by all involved. In practice, this clause may apply to resolutions passed by a board of directors, actions taken by authorized representatives, or agreements reached during negotiations, making them obligatory for the parties. Its core function is to ensure that once an action is designated as binding, it cannot be unilaterally disregarded, thereby promoting certainty and accountability in contractual or organizational relationships.
BINDING ACTIONS. Any action taken or decision made by the Committee or its designees arising out of or in connection with the construction, administration, interpretation or effect of the Plan or this Agreement shall lie within its sole and absolute discretion, as the case may be, and shall be final, conclusive and binding on you and all persons claiming under or through you. By accepting this grant or other benefit under the Plan, you and each person claiming under or through you shall be conclusively deemed to have indicated acceptance and ratification of, and consent to, any action taken under the Plan by the Committee or its designees.
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BINDING ACTIONS. Each Lender agrees that (i) any action taken by the Agent in accordance with the provisions of the Loan Documents, (ii) any action taken by the Agent in reliance upon the instructions of ▇▇▇▇▇▇▇ and (iii) the exercise by the Agent of the powers set forth herein or therein, together with such other powers as are reasonably incidental thereto, shall be authorized and binding upon all of Lenders.
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BINDING ACTIONS each Borrower agrees that any action taken or omitted by an Overdraft and L/C Lender under or in connection with any Letter of Credit issued by it for the account of the Borrower or the related drafts or documents, if done in good faith in the absence of gross negligence or wilful misconduct and, in the case of letters of credit, in accordance with the standards of care specified in the then most recent Uniform Customs and Practice for Documentary Credits, as published from time to time by the International Chamber of Commerce, shall be binding on the Borrowers and shall not result in any liability of such Overdraft and L/C Lender to any Borrower.
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Related to BINDING ACTIONS

  • Binding Agreements This Agreement and the other Financing Documents executed and delivered by the Borrowers have been properly executed and delivered and constitute the valid and legally binding obligations of the Borrowers and are fully enforceable against each of the Borrowers in accordance with their respective terms, subject to bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting the rights and remedies of creditors and secured parties, and general principles of equity regardless of whether applied in a proceeding in equity or at law.

  • Binding Obligations The obligations expressed to be assumed by it in each Finance Document are, subject to any general principles of law limiting its obligations which are specifically referred to in any legal opinion delivered pursuant to Clause 4 (Conditions of Utilisation), legal, valid, binding and enforceable obligations.

  • Binding Agreement This Agreement shall be binding and inure to the benefit of the Parties hereto and their respective heirs, legal successors, and assigns.

  • Binding Decision The arbitrator shall hear and determine the grievance, and shall issue a decision which is final and binding on the Parties and any person affected by it.

  • Binding Nature This Agreement shall be binding upon, and inure to the benefit of, the successors and personal representatives of the respective parties hereto.