Common use of Determination of Losses Clause in Contracts

Determination of Losses. A certificate or determination notice of the Lender, as to any of the matters referred to in this Clause 11 shall, absent manifest error, be conclusive and binding on the Borrower.

Appears in 2 contracts

Samples: Teekay Shipping Corp, Teekay Shipping Corp

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Determination of Losses. A certificate or determination notice of the Lender, Lenders or the Agent as to any of the matters referred to in this Clause 11 shallSection 12, absent manifest error, shall be conclusive and binding on the Borrower.

Appears in 2 contracts

Samples: Revolving Credit Facility Agreement (Seacor Smit Inc), Credit Facility Agreement (Seacor Smit Inc)

Determination of Losses. A certificate or determination notice of the LenderAdministrative Agent, as to any of the matters referred to in this Clause 11 shall, absent manifest error, be conclusive and binding on the BorrowerBorrowers.

Appears in 1 contract

Samples: Agreement (Teekay Shipping Corp)

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Determination of Losses. A certificate or determination notice of the Lender, as to any of the matters referred to in this Clause 11 shall, absent manifest error, be conclusive and binding on the BorrowerBorrowers.

Appears in 1 contract

Samples: Teekay Shipping Corp

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