Permitted Discretion. A determination made in the exercise of reasonable (from the perspective of a secured asset-based lender in the same or similar circumstances) business judgment.
Appears in 3 contracts
Sources: Loan and Security Agreement (Silverleaf Resorts Inc), Loan and Security Agreement (Silverleaf Resorts Inc), Loan and Security Agreement (Silverleaf Resorts Inc)
Permitted Discretion. A a determination made in the exercise of good faith, using reasonable business judgment (from the perspective of a secured secured, asset-based lender in the same or similar circumstances) business judgmentlender).
Appears in 3 contracts
Sources: Loan, Security and Guaranty Agreement (Solaris Energy Infrastructure, Inc.), Loan, Security and Guaranty Agreement (Solaris Energy Infrastructure, Inc.), Loan, Security and Guaranty Agreement (Atlas Energy Solutions Inc.)
Permitted Discretion. A a determination made in good faith and in the exercise of reasonable (discretion from the perspective of a secured asset-based lender in the same or similar circumstances) business judgmentlender.
Appears in 2 contracts
Sources: Loan and Security Agreement (Olympic Steel Inc), Loan and Security Agreement (Olympic Steel Inc)
Permitted Discretion. A a determination made in good faith by the Agent and in the exercise of reasonable credit judgment (from the perspective of a secured secured, asset-based lender in the same or similar circumstances) business judgmentsimilarly situated).
Appears in 2 contracts
Sources: Loan, Security and Guarantee Agreement (Kraton Performance Polymers, Inc.), Loan, Security and Guarantee Agreement (Kraton Performance Polymers, Inc.)
Permitted Discretion. A a determination made in good faith and in the exercise of reasonable (from the perspective of a secured asset-asset based lender in the same or similar circumstanceslender) business judgmentjudgment exercised in accordance with Agent’s generally applicable credit policies for asset based loans.
Appears in 1 contract
Sources: Loan and Security Agreement (Summit Midstream Partners, LP)
Permitted Discretion. A a determination made in the exercise of good faith, using commercially reasonable business judgment (from the perspective of a secured secured, asset-based lender in the same or similar circumstances) business judgmentlender).
Appears in 1 contract