Common use of Exercise of Discretion Clause in Contracts

Exercise of Discretion. Wherever a Party to this Agreement has discretion to make a decision, it shall be required that such discretion be exercised reasonably unless otherwise explicitly provided in the particular instance that such decision may be made in the Party’s “sole” or “absolute” discretion or where otherwise allowed by applicable law.

Exercise of Discretion. Wherever a Party to this Agreement has discretion to make a decision, it shall be required that such discretion be exercised reasonably unless otherwise explicitly provided in the particular instance that such decision may be made in the Party’s “'s "sole” " or “"absolute” " discretion or where otherwise allowed by applicable law.

Exercise of Discretion. Wherever a Party to this Agreement has discretion to make a decision, it shall be required that such discretion be exercised reasonably unless otherwise explicitly provided in the particular instance that such decision may be made in the Party’s “'s "sole” " or “"absolute” " discretion or where otherwise allowed by applicable law...