Administration Clause Example from Business Contracts

Administration. The Board shall have the exclusive power and authority to administer and interpret the provisions of this Agreement and to exercise all rights and powers specifically granted to the Board or the Company or as may be necessary or advisable in the administration of this Agreement. Without limiting any of the rights and immunities or expanding any of the duties or obligations of the Rights Agent under this Agreement, all such actions, calculations, determinations and interpretations which are done... or made by the Board in good faith shall be final, conclusive and binding on the Company, the Rights Agent, holders of the Rights and all other parties and shall not subject the Board to any liability to the holders of the Rights. View More