Common use of Determination of Losses Clause in Contracts

Determination of Losses. A certificate or determination notice of any affected Bank(s) or the Agent, as the case may be, as to any matters referred to in this Clause 2 shall, absent in manifest error, be conclusive and binding on the Obligors.

Appears in 2 contracts

Samples: Reimbursement and Cash Deposit Agreement (Teekay Shipping Corp), Reimbursement Agreement (Teekay Shipping Corp)

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Determination of Losses. A certificate or determination notice of any such affected Bank(s) or the Administrative Agent, as the case may be, as to any of the matters referred to in this Clause 2 Section 11 shall, absent in manifest error, be conclusive and binding on the ObligorsBorrowers.

Appears in 1 contract

Samples: Credit Agreement (Overseas Shipholding Group Inc)

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Determination of Losses. A certificate or determination notice of the Facility Agent or any affected Bank(s) Bank or the AgentParticipant, as the case may be, as to any of the matters referred to in this Clause 2 Section 11 shall, absent in manifest error, be conclusive and binding on the ObligorsBorrowers.

Appears in 1 contract

Samples: Credit Agreement (Overseas Shipholding Group Inc)

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