Lender or Agent Determination Sample Clauses
The "Lender or Agent Determination" clause grants the lender or its appointed agent the authority to make decisions or determinations regarding specific matters outlined in the agreement. In practice, this may include assessing whether certain conditions have been met, interpreting ambiguous terms, or deciding on the acceptability of documents or actions taken by the borrower. This clause ensures that there is a clear decision-maker for key issues, thereby streamlining the administration of the agreement and reducing the potential for disputes or delays.
Lender or Agent Determination. Each determination, as applicable, by the L/C Lender and by the Agent of, as applicable, the Prime Rate, the US Base Rate, the US Prime Rate, the CDOR Rate, an Acceptance Fee (at the applicable rate specified by this Agreement), an issuance fee (at the applicable rate specified by this Agreement) for a Letter of Credit or a Letter of Guarantee and LIBOR shall, in the absence of manifest error, be prima facie binding on the Borrowers and the Lenders.