Reasonable Discretion definition

Reasonable Discretion means, as to any Person, a determination or judgment made by such Person in good faith in the exercise of reasonable (from the perspective of a secured lender) business judgment.

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Reasonable Discretion means Enable’s discretion exercised in a reasonable and non-discriminatory manner.

Reasonable Discretion means commercially reasonable judgment exercised in good faith.

Examples of Reasonable Discretion in a sentence

For each identified activity, Seller shall provide Buyer written notice, and any supporting documentation requested by Buyer in its Commercially Reasonable Discretion, that the identified activity has been commenced and/or successfully completed.
For each identified Permit, Seller shall provide Buyer written notice, and any supporting documentation requested by Buyer in its Commercially Reasonable Discretion, that the identified Permits have been obtained, including, without limitation, any approvals from the local Governmental Authority approving the land use, site plan and construction of the Facility.
All Cash Collateral (other than credit support not constituting funds subject to deposit) will be maintained in blocked, interest bearing deposit accounts at ▇▇▇▇▇ Fargo (the type of such account to be agreed upon between Administrative Agent and Administrative Borrower in form and substance satisfactory to Administrative Agent in its Reasonable Discretion).
Administrative Agent will have received, in form and substance satisfactory to it, such other assurances, documents or consents related to the foregoing as Administrative Agent or Required Lenders may require in their Reasonable Discretion.
Upon request by Stratos, however, and subject to Methode Reasonable Discretion Consent and the cooperation provisions in Section 6.01, above, Stratos shall, at Stratos' expense and in its sole discretion, be allowed to participate in and share control over the handling of any Tax Controversy with respect to any item that would give rise to a payment of Tax for which Stratos would be liable, or a refund of Tax for which Stratos would be entitled to receive payment, under this Agreement.

More Definitions of Reasonable Discretion

Reasonable Discretion means a determination made in good faith and in the exercise of reasonable business judgment.

Reasonable Discretion means the discretion of the Developers or the Agency exercised in good faith utilizing those standards which would be applied by the Developers or the Agency using prudent business practices under a same or similar circumstance.

Reasonable Discretion means Administrative Agent's reasonable and good faith judgment based upon any factor which Administrative Agent believes in good faith could (a) adversely affect the value of any Collateral, the enforceability or priority of Administrative Agent's Liens or the amount that Lenders would be likely to receive upon a liquidation of the Collateral; (b) suggest that any report of Collateral or financial information is incomplete, inaccurate or misleading in any material respect; (c) reasonably be expected to create a Default or Event of Default or increase the likelihood of an insolvency or bankruptcy proceeding or (d) adversely affect the ability of any Borrower or any Guarantor to repay the Obligations when due. In exercising such judgment with respect to matters relating to the determination of Eligible Receivables, changes in advance rates or the imposition, increase or reduction of reserves, Administrative Agent may reasonably take into account factors included in the definition of Eligible Receivables, as well as changes in concentration of risk of Receivables, changes in collection history and dilution, and other changes that may tend to increase the credit risk of lending to Borrowers on the security of Inventory or Receivables. The burden of establishing lack of good faith or reasonableness shall be on Borrowers.

Reasonable Discretion means the Agents’ commercially reasonable judgment exercised in good faith based upon their consideration of any factor that they reasonably believe (a) could materially adversely affect the quantity, quality, mix or value of Collateral, the enforceability or priority of the Collateral Agent’s Liens, or the amount that the Agents and the Lenders could receive in liquidation of any Collateral; (b) suggests that any collateral report or financial information delivered by any Credit Party is incomplete, inaccurate or misleading in any material respect; (c) materially increases the likelihood of any insolvency or other similar proceeding involving a Credit Party; or (d) creates or could result in an Event of Default. In exercising such judgment, the Agents may consider any factors that could materially increase the legal, regulatory and/or credit risk of lending to the Borrower on the security of the Collateral.

Reasonable Discretion means that, had the party known of a particular fact or condition prior to signing this Agreement it would either not have entered into an agreement with the other party or it would have changed the material terms of this Agreement.

Reasonable Discretion means Agent’s reasonable and good faith judgment based upon any factor which Agent believes in good faith would (a) materially adversely affect the value of any Collateral, the enforceability or priority of Agent’s and Lenders’ Liens or the amount that Lenders would reasonably expect to receive upon a liquidation of the Collateral; (b) provide Lenders with a reasonable basis for believing that any report of Collateral or financial information is incomplete, inaccurate or misleading in any material respect; (c) reasonably be expected to create a Default or Event of Default; or (d) adversely affects the ability of any Borrower or Guarantor to repay the Obligations when due. In exercising such judgment with respect to matters relating to the determination of Eligible Receivables, changes in advance rates or the imposition, increase or reduction of reserves, Agent may take into account factors included in the definition of Eligible Receivables, as well as changes in concentration of risk of Receivables, changes in collection history and dilution, and other changes that would increase the credit risk of lending to Borrowers on the security of Receivables. The burden of establishing lack of good faith or reasonableness shall be on Borrowers.

Reasonable Discretion means the discretion of the Agent applied in a reasonable commercial manner.

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