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 no written record thereof received from the Parent or ATI prior to the Effective Date.
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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

  • 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.

  • 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 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.