Binding Effect of Trustees’ Determinations Clause Samples

Binding Effect of Trustees’ Determinations. The exercise or non-exercise of any discretionary power granted hereunder to the Trustees and all actions taken by them with respect to making distributions hereunder shall be final and binding upon all persons except to the extent that the exercise of such discretion would limit the state’s ability under statute and regulation to protect its remainder interest.
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Binding Effect of Trustees’ Determinations. The exercise or non-exercise of any discretionary power granted hereunder to the Trustee and all actions taken by the Trustee with respect to making distributions hereunder shall be final and binding upon all persons except to the extent that the exercise of such discretion shall limit the State of New Mexico’s ability (or ability of any other state that has provided Medicaid assistance to a Beneficiary) under statue and regulation to protect its remainder interest.
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Related to Binding Effect of Trustees’ Determinations

  • Binding Effect of Decisions The decision or action of the Plan Administrator with respect to any question arising out of or in connection with the administration, interpretation and application of the Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Agreement.

  • Governing Law; Binding Effect This First Supplemental Indenture shall be governed by and construed in accordance with the laws of the State of New York and shall be binding upon the parties hereto and their respective successors and assigns.

  • Binding Effect of Agreement This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, successors, assigns and legal representatives.

  • Binding Effect; Governing Law Except as modified hereby, the Lease shall remain in full effect and this Amendment shall be binding upon Landlord and Tenant and their respective successors and assigns. If any inconsistency exists or arises between the terms of the Lease and the terms of this Amendment, the terms of this Amendment shall prevail. This Amendment shall be governed by the laws of the State in which the Premises are located.

  • Calculation of Amounts; Binding Effect of Interpretations and Actions of Master Servicer Section 4.07