Commercial Judgment definition

Commercial Judgment means assessments of risk (such as in lending, taking security or insurance underwriting), and assessments of financial and commercial criteria or of the character of a Customer.
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Commercial Judgment means the reasonable commercial discretion exercised in good faith based on an event, condition or circumstance either (i) arising after the Effective Date or (ii) existing on the date hereof to the extent the Agent has not been notified thereof in writing by any Credit Party prior to the Effective Date.
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Examples of Commercial Judgment in a sentence

  • However, OBSI may investigate whether the process by which a Participating Firm implemented its policies and practices or made or maintained a Commercial Judgment was biased, incomplete, not in accordance with the Participating Firm’s policies and procedures or otherwise was unfair.

  • Application of Commercial Judgment The company shall adopt a risk-based approach to the KYC requirements.

  • The Agent in the Agent's Commercial Judgment, shall be satisfied with any material change to the accounting and tax treatment of any payments made to Borrower, including any payments in respect of withholding taxes or which withholding taxes may apply, out of the Canadian Branch, whether for application to the Loans or otherwise or whether made out of the Canadian Branch pursuant to Blocked Account Agreements or otherwise.

  • After the occurrence and during the continuance of an Event of Default, the Grantor shall provide the Agent with such reports as to the Collateral as the Agent shall in the Agent’s Commercial Judgment request from time to time; together, in each case, with a certificate of the Grantor executed by an officer thereof certifying as to the accuracy and completeness of the foregoing.

  • The Borrower shall execute and deliver, or cause to be executed and delivered, to the Agent and/or the Lenders such documents and agreements, and shall take or cause to be taken such actions, as the Agent or any Lender may, from time to time in the exercise of the Agent's Commercial Judgment, request to carry out the terms and conditions of this Agreement and the other Loan Documents.

  • All such Designated Accounts must be maintained with a financial institution satisfactory to the Agent in the Agent's Commercial Judgment.

Related to Commercial Judgment

  • Professional Judgement shall be defined as judgement that is informed by professional knowledge of curriculum expectations, context, evidence of learning, methods of instruction and assessment, and the criteria and standards that indicate success in student learning. In professional practice, judgement involves a purposeful and systematic thinking process that evolves in terms of accuracy and insight with ongoing reflection and self-correction.

  • foreign judgment means the judgment of a foreign Court;

  • Complaint means any dissatisfaction expressed by a Complainant orally or in writing to HMO about any aspect of HMO’s operation, including, but not limited to:

  • Supreme Court means the North Carolina Supreme Court.

  • Court of competent jurisdiction means a federal court, or a state court that entered an order in a child custody proceeding involving an Indian child, as long as the state court had proper subject matter jurisdiction in accordance with this chapter and the laws of that state, or a tribal court that had or has exclusive or concurrent jurisdiction pursuant to 25 U.S.C. Sec. 1911.

  • Special Court means a Court of Session designated as Special Court under sub-section (1) of section 43;