Lenders’ Determinations Clause Samples
The Lenders’ Determinations clause grants the lender the authority to make decisions or judgments regarding specific matters outlined in the agreement. Typically, this clause applies to situations such as assessing whether certain conditions have been met, determining the occurrence of events of default, or calculating amounts due under the loan. Its core practical function is to provide clarity and efficiency in the administration of the loan by designating the lender as the decision-maker for key issues, thereby reducing ambiguity and potential disputes between the parties.
Lenders’ Determinations. Where the provisions of this Agreement provide that any waiver of or any amendment to any provision of the Loan Documents may be made or any action, consent or other determination in connection with the Loan Documents may be taken or given, with the consent or agreement of the Majority Lenders or "the Lenders" and not "all the Lenders", then any such waiver, amendment, action, consent or determination so made, so taken or so given with the consent or agreement of the Majority Lenders shall be binding on all of the Lenders and all of the Lenders shall cooperate in all ways necessary or desirable to implement and effect such waiver, amendment, action, consent or determination.
Lenders’ Determinations. All of Lender's reasonable determinations under Section 2.1(a) are conclusive, absent manifest error.
Lenders’ Determinations. All of Lender’s determinations in this Section 2.1(a) are conclusive, absent manifest error. Security for the Loan. The Loan is secured by, among other things, the Security Instrument and is guaranteed by the Guaranty, Origination Fee. On the Closing Date, Borrower shall pay the Loan Origination Fee to Lender.
Lenders’ Determinations. All of Lender's reasonable determinations are conclusive, absent manifest error.
Lenders’ Determinations. All of Lender’s determinations in this Section 2.1(a) are conclusive, absent manifest error.