Common use of Permitted Discretion Clause in Contracts

Permitted Discretion. a determination made in good faith by the Agent and in the exercise of reasonable credit judgment (from the perspective of a secured, asset-based lender similarly situated).

Appears in 2 contracts

Samples: Loan, Security and Guarantee Agreement (Kraton Performance Polymers, Inc.), Loan, Security and Guarantee Agreement (Kraton Performance Polymers, Inc.)

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Permitted Discretion. a determination made in good faith by the Agent and in the exercise of reasonable credit judgment (discretion from the perspective of a secured, secured asset-based lender similarly situated)lender.

Appears in 2 contracts

Samples: Loan and Security Agreement (Olympic Steel Inc), Loan and Security Agreement (Olympic Steel Inc)

Permitted Discretion. a A determination or judgment made in on good faith by the Agent and in the exercise of reasonable credit judgment (from the perspective of a secured, asset-based lender similarly situated)secured lender) credit or business judgment.

Appears in 1 contract

Samples: Receivables Loan and Security Agreement (Silverleaf Resorts Inc)

Permitted Discretion. a determination made in good faith by the Agent and in the exercise of faith, using commercially reasonable credit business judgment (from the perspective of a secured, asset-based lender similarly situatedlender).

Appears in 1 contract

Samples: Loan and Security Agreement (Calix, Inc)

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Permitted Discretion. a determination made in good faith by the Agent and in the exercise of faith, using reasonable credit business judgment (from the perspective of a secured, asset-based lender similarly situatedlender).

Appears in 1 contract

Samples: Loan, Security and Guaranty Agreement (Atlas Energy Solutions Inc.)

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