DETERMINATION BY NOTE TRUSTEE Clause Samples
The "Determination by Note Trustee" clause grants the Note Trustee the authority to make decisions or determinations on specific matters related to the administration of the notes. In practice, this may include interpreting ambiguous terms, resolving disputes between parties, or deciding on actions to be taken in the event of defaults or other contingencies. The core function of this clause is to centralize decision-making authority in the hands of the Note Trustee, thereby ensuring efficient resolution of issues and maintaining the orderly administration of the note structure.
DETERMINATION BY NOTE TRUSTEE the Note Trustee as between itself and the Noteholders may determine all questions and doubts arising in relation to any of the provisions of this Deed. Every such determination, whether or not relating in whole or in part to the acts or proceedings of the Note Trustee, shall be conclusive and shall bind the Note Trustee and the Noteholders;