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, as determined by Administrative Agent in its sole but good faith discretion:
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 customer that has incurred no more than two (2) Late Payment Penalties within the previous 12 months.
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 Person (A)(i) which is, at the time of the proposed Transfer, directly (or indirectly through a Person that is Controlled or Controls) 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, however, the provisions of the foregoing subclause(2) shall not apply to any Person if Senior Lender, acting in good faith, has determined that notwithstanding such workout or restructuring such Person resolved its obligations to Senior Lender and/or such Affiliate on terms and conditions reasonably satisfactory to Senior Lender and/or such Affiliate, and during such workout or restructuring, such Person did not commence a lawsuit or any other action (including pursuant to a counterclaim or otherwise) against Senior Lender and/or Affiliate in connection with such workout or restructuring, (iii) which has not otherwise commenced, or been a participant in, any litigation or other action against Senior Lender and/or such Affiliate thereof and (iv) which otherwise paid and performed all of its obligations and liabilities to Senior Lender and/or such Affiliate thereof in accordance with the respective terms thereof or otherwise as approved by Senior Lender and/or such Affiliate, or (B)(i) which is not, at the time of the proposed Transfer, a customer of Senior Lender either directly or indirectly through a Person that it Controlled or Controls, but which otherwise satisfies all of the conditions set forth in clause (A)(ii)-(iv) above with respect to each secondary market lender to which such Person is, or has been, a customer, and (ii) for which Senior Lender has obtained, at Mezzanine Lender’s sole cost and expense, credit, tax, judgment, litigation, Uniform Commercial Code, bankruptcy, OFAC (as defined in the Senior Loan Agreement) and Patriot Act (as defined in the Senior Loan Agreement) searches, all of the foregoing (as to both (A) and (B)) as determined by Senior Lender in its commercially reasonable discretion. [OR] 2. Such Qualified Transferee shall not be a “Controversial Person.”
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 a customer who has an active account(s) and has not violated the water use ordinance at any time, and whose account is not currently delinquent.