Customer in Good Standing definition
Customer in Good Standing means a Person (i)(A) which is directly (or indirectly through an Affiliate) a customer of Administrative Agent, either currently or within the last seven (7) years, in connection with a loan in the amount of $5,000,000 or more secured by one or more office buildings, retail centers, hotels, apartment buildings or other commercial real estate projects; or (B) which is not directly (or indirectly through an Affiliate) a customer of Administrative Agent, but which otherwise meets Administrative Agent’s or such Affiliate’s underwriting criteria to be a borrower/customer of Administrative Agent or such Affiliate or is otherwise reasonably acceptable to Administrative Agent and (ii) as to which Administrative Agent has received all information it shall reasonably request to perform its customary “know your customer” procedures, the results of which shall be satisfactory to Administrative Agent.
Customer in Good Standing means a RCM Business customer of a Seller that at Closing (i) is party to one or more Active Contracts , (ii) is not more than 90 days delinquent in its payment obligations to such Seller under any such Active Contract for customers of Orion, (iii) is not more than 180 days delinquent in its payment obligations to such Seller under any such Active Contract for customers of Allegiance Consulting Associates, LLC and Allegiance Billing & Consulting, LLC, and (iii) does not have an uncured material breach or unrevoked termination notice with respect to any such Active Contract.
Customer in Good Standing. – means, as determined by Administrative Agent in its sole but good faith discretion:
More Definitions of Customer in Good Standing
Customer in Good Standing means a Person (A)(i) which is, at the time of the proposed Transfer, directly (or indirectly through a Person that is Controlled or Con- trols) a customer of Senior Lender and/or any Affiliate thereof, (ii) which is not and has not been the subject of (1) a Proceeding, or (2) a workout or restructuring on account of its obligations and liabilities to Senior Lender and/or such Affiliate thereof; provided, how- ever, the provisions of the foregoing subclause
Customer in Good Standing means a new customer that has made all deposits required by SMC 13.36.080 and a customer that has had no delinquent penalties assessed in the preceding twelve (12) months.
Customer in Good Standing means a RCM Business customer of a Seller that at Closing (i) is party to one or more Active Contracts , (ii) is not more than 90 days delinquent in its payment obligations to such Seller under any such Active Contract for customers of Orion,
Customer in Good Standing means, as determined by Administrative Agent in its sole but good faith discretion:
Customer in Good Standing means a customer that has incurred no more than two (2) Late Payment Penalties within the previous 12 months.