Determination of Losses. A certificate or determination notice of the Lenders or the Agent as to any of the matters referred to in this Section 12, absent manifest error, shall be conclusive and binding on the Borrower.
Appears in 2 contracts
Samples: Credit Facility Agreement (Seacor Smit Inc), Revolving Credit Facility Agreement (Seacor Smit Inc)
Determination of Losses. A certificate or determination notice of the Lenders or the Agent Lender, as to any of the matters referred to in this Section 12Clause 11 shall, absent manifest error, shall be conclusive and binding on the Borrower.
Appears in 2 contracts
Samples: Teekay Shipping Corp, Teekay Shipping Corp
Determination of Losses. A certificate or determination notice of the Lenders or the Agent Administrative Agent, as to any of the matters referred to in this Section 12Clause 11 shall, absent manifest error, shall be conclusive and binding on the BorrowerBorrowers.
Appears in 1 contract
Samples: Agreement (Teekay Shipping Corp)
Determination of Losses. A certificate or determination notice of the Lenders or the Agent Lender, as to any of the matters referred to in this Section 12Clause 11 shall, absent manifest error, shall be conclusive and binding on the BorrowerBorrowers.
Appears in 1 contract
Samples: Teekay Shipping Corp
