Valuations binding. Any valuation under Clause 15.2, 15.3 or 15.4 shall be binding and conclusive as regards the Borrowers, as shall be any valuation which the Majority Lenders make of any additional security which does not consist of or include a Security Interest.
Valuations binding. Any valuation under this Clause 27 (Security Cover) shall be binding and conclusive as regards each Borrower.
Valuations binding. Any valuation under paragraph (i) of Clause 14.1, Clauses 14.4, 14.5 or 14.6 shall, in the absence of manifest error, be binding and conclusive as regards the Borrower, as shall be any valuation which the Lender makes of a security which does not consist of or include a Security Interest.
Valuations binding. Any valuation under Clause 14.4 shall be binding and conclusive as regards the Borrower.
Valuations binding. Any valuation under Clauses 15.2 (Provision of additional security; prepayment), 15.3 (Valuation of the Ships) or 15.4 (Value of additional vessel security) shall be binding and conclusive as regards the Borrowers, as shall be any valuation which the Majority Lenders make of any additional security which does not consist of or include a Security Interest.
Valuations binding. Any valuation under Clause 15.2 (Provision of additional security; prepayment), 15.3 (Valuation of Ship) or 15.4 (Value of additional vessel security) shall be binding and conclusive as regards the Borrower, as shall be any valuation which the Majority Lenders make of any additional security which does not consist of or include a Security Interest.
Valuations binding. Any valuation under this Clause 25 (Valuations) shall be binding and conclusive as regards each Borrower.
Valuations binding. Any valuation under this Clause 23 (Valuations) shall be binding and conclusive as at the date of such valuation as regards the Borrower.
Valuations binding. If the fair market value of an asset in the Trust Fund is not available when necessary for accounting or reporting purposes, the fair market value of the asset shall be determined in good faith by the Trustee, assuming an orderly liquidation at the time of such determination. In determining the value of the Trust Fund, the Trustee will exercise its best judgment, and all determinations of Trust Fund value made by the Trustee and approved by the Committee will be binding upon Plan Participants and their beneficiaries.
Valuations binding. Any valuation under this Clause 15 (Security Value Maintenance) shall be binding and conclusive as regards the Borrower.
