Common use of Determinations Conclusive Clause in Contracts

Determinations Conclusive. As between itself and the ETP Securityholders, and/or any Secured Creditor and/or any other party entitled to the benefit of the obligations and duties of the Issuer under the Programme Documents, the Trustee may determine all questions and doubts arising in relation to any of the provisions of the relevant Trust Deed or any Programme Document. Such determinations, whether made upon such a question actually raised or implied in the acts or proceedings of the Trustee, shall be conclusive and shall bind the Trustee, the ETP Securityholders, the Secured Creditors and any other parties entitled to the benefit of the obligations and duties of the Issuer under the Programme Documents, in the absence of manifest error.

Appears in 5 contracts

Samples: leverageshares.com, leverageshares.com, leverageshares.com

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