Common use of Determinations Conclusive Clause in Contracts

Determinations Conclusive. The Lender shall promptly notify the Borrower of the determination of a rate of interest under this Clause 7 and each such determination shall (save in the case of manifest error) be final and conclusive.

Appears in 3 contracts

Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Poseidon Containers Holdings Corp.), Loan Agreement (Top Ships Inc.)

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Determinations Conclusive. The Lender shall promptly notify the Borrower Borrowers of the determination of a rate of interest under this Clause 7 and each such determination shall (save in the case of manifest error) be final and conclusive.

Appears in 1 contract

Samples: Loan Agreement (Danaos Corp)

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