Interpretations and Determinations Clause Samples
The 'Interpretations and Determinations' clause defines how ambiguities or uncertainties in the contract are to be resolved and who has the authority to make such decisions. Typically, this clause specifies that a particular party, such as the contract administrator or an agreed-upon third party, will interpret unclear terms or make determinations regarding the contract's requirements. This ensures that any disputes or questions about the meaning of contract provisions are addressed efficiently, reducing the risk of prolonged disagreements and providing a clear process for resolving interpretive issues.
Interpretations and Determinations. All interpretations, determinations and other actions by the Committee not revoked or modified by the Board will be final, conclusive and binding upon all parties hereto.
Interpretations and Determinations. The application of this Agreement and any dispute or ambiguity concerning the subject matter of this Agreement shall be determined by Will▇▇▇▇ ▇▇ its sole and absolute discretion. Such determination by Will▇▇▇▇ ▇▇▇ll be final and binding upon Communications.
Interpretations and Determinations. [Redacted] have the authority and discretion to interpret this Policy (including any defined terms) and apply this Policy to Reserve Management and all other matters addressed in this Policy. If necessary, final determination of questions arising under this Policy will be made by [Redacted].
Interpretations and Determinations. The application of this Agreement and any dispute or ambiguity concerning the subject matter of this Agreement shall be determined by Parent in its good faith discretion in a manner consistent with the underlying principles of and procedures for allocation under this Agreement. Such determination by Parent shall be final and binding upon MFH, the MFH Subsidiaries, TCBY and the TCBY Subsidiaries. Parent may from time to time establish any other special rules that Parent in good faith deems necessary or appropriate to carry out the purposes ▇▇ ▇▇▇▇ ▇▇▇eement.