Common use of Conclusive Nature of Determinations Clause in Contracts

Conclusive Nature of Determinations. All determinations, interpretations, calculations, adjustments and other actions of the General Partner, the Partnership, the Board of Directors (or a committee to which the Board of Directors has delegated such authority), or a designee of any of the foregoing that are within such Person’s authority under this Agreement shall be binding and conclusive on a Partner absent manifest error. In connection with any such determination, interpretation, calculation, adjustment, or other action, the General Partner, the Partnership, the Board of Directors (or a committee to which the Board of Directors has delegated such authority), or the designee of any of the foregoing shall be entitled to resolve any ambiguity with respect to the manner in which such determination, interpretation, calculation, adjustment or other action is to be made or taken, and shall be entitled to interpret the provisions of this Agreement in such a manner as such Person determines to be fair and equitable, and such resolution or interpretation shall be binding and conclusive on a Partner absent manifest error.

Conclusive Nature of Determinations. All determinations, interpretations, calculations, adjustments and other actions of the General PartnerPartnership, the PartnershipCompany, the Board of Directors (or a committee to which the Board of Directors has delegated such authority), the General Partner or a designee of any of the foregoing that are within such Person’s authority under this Agreement hereunder shall be binding and conclusive on a Partner Partnership Unitholder absent manifest error. In connection with any such determination, interpretation, calculation, adjustment, adjustment or other action, the General PartnerPartnership, the PartnershipCompany, the Board of Directors (or a committee to which the Board of Directors has delegated such authority), the General Partner or the designee of any of the foregoing shall be entitled to resolve any ambiguity with respect to the manner in which such determination, interpretation, calculation, adjustment or other action is to be made or taken, and shall be entitled to interpret the provisions of this Agreement Agreement, in such a manner as such Person it determines to be fair and equitable, and such resolution or interpretation shall be binding and conclusive on a Partner Partnership Unitholder absent manifest error.