Common use of Certificate Conclusive Clause in Contracts

Certificate Conclusive. Where any provision of a Related Document provides that the Lender may certify or determine an amount or rate payable by the Borrower, a certificate by the Lender or a manager, director or secretary or other officer of the Lender as to that amount or rate or a notice containing information shall, in the absence of manifest error or fraud, be conclusive and binding on the Borrower.

Certificate Conclusive. Where any provision of a Related this Agreement or any Security Document provides that the Lender may certify or determine an amount or rate payable by the Borrower, a certificate by the Lender or a manager, director or secretary or other officer of the Lender as to that amount or rate or a notice containing information shall, in the absence of manifest error or fraud, be conclusive and binding on the Borrower.