Common use of BOARD OF DIRECTORS AUTHORITY TO DETERMINE STATUS OF SALE Clause in Contracts

BOARD OF DIRECTORS AUTHORITY TO DETERMINE STATUS OF SALE. If there is a question as to whether a sale is a Conditional Sale or a Non-Conditional Sale, the Board of Directors or its designee will make the determination based on the circumstances of the transaction, which will be final and conclusive as to whether the sale is a Conditional Sale or a Non-Conditional Sale.