Common use of Permitted Discretion Clause in Contracts

Permitted Discretion. a determination made in good faith and in the exercise of discretion from the perspective of a secured asset-based lender. Permitted Lien: as defined in Section 10.2.2.

Appears in 1 contract

Samples: Loan and Security Agreement (Olympic Steel Inc)

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Permitted Discretion. a determination made in good faith and in the exercise of discretion reasonable (from the perspective of a secured an asset-based lender) credit judgment. Permitted Lien: as defined in Section 10.2.2.

Appears in 1 contract

Samples: Loan and Security Agreement (Orion Energy Systems, Inc.)

Permitted Discretion. a A determination made in good faith and in the exercise of discretion reasonable (from the perspective of a secured asset-based lender) business judgment. Permitted Lien: as defined in Section 10.2.2Liens. Liens permitted by §9.2.

Appears in 1 contract

Samples: Revolving Credit Agreement (Friendly Ice Cream Corp)

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Permitted Discretion. a determination made in good faith and in the exercise of discretion reasonable (from the perspective of a secured asset-based lender) business judgment. Permitted Lien: as defined in Section 10.2.2.

Appears in 1 contract

Samples: Loan and Security Agreement (Craftmade International Inc)

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