Common use of Standard of Review Clause in Contracts

Standard of Review. Any document, writing or instrument required or ------------------ permitted to be delivered to Bank under this Agreement shall be deemed satisfactory only if approved by Bank in the exercise of its sole discretion, and any act or approval permitted to be done by Bank under this Agreement shall be in Bank's sole discretion. Where in this Agreement reference is made to Bank's discretion", or "sole-discretion", said reference shall mean that with respect to the matter so designated, Bank shall have the absolute right to make decision with respect to the matter so designated shall not be subject to any standard of good faith, fair dealing, reasonableness, or any other standard implied by any court or imposed by law, it being the intention of the parties that the decision of the Bank with respect to said matter shall be absolutely final and binding.

Appears in 2 contracts

Samples: Loan and Security Agreement (Color Imaging Inc), Loan and Security Agreement (Color Imaging Inc)

AutoNDA by SimpleDocs

Standard of Review. Any document, writing or instrument required ------------------ or ------------------ permitted to be delivered to Bank under this Agreement Amendment shall be deemed satisfactory only if approved by Bank in the exercise of its sole discretion, and any act or approval permitted to be done by Bank under this Agreement Amendment shall be in Bank's sole discretion. Where in this Agreement Amendment reference is made to Bank's "discretion", or "sole-sole discretion", said reference shall mean that with respect to the matter so designated, Bank shall have the absolute right to make decision with respect to the matter so designated thereto and shall not be subject to any standard of good faith, fair dealing, reasonableness, or any other standard implied by any court or imposed by law, it being the intention of the parties that the decision of the Bank with respect to said matter shall be absolutely final and binding.

Appears in 2 contracts

Samples: Color Imaging Inc, Color Imaging Inc

Standard of Review. Any document, writing or instrument required or ------------------ permitted to be delivered to Bank under this Agreement shall be deemed satisfactory only if approved by Bank in the exercise of its sole discretion, and any act or approval permitted to be done by Bank under this Agreement shall be in Bank's sole discretion. Where in this Agreement reference is made to Bank's "discretion", or "sole-sole discretion", said reference shall mean that with respect to the matter so designated, Bank shall have the absolute right to make decision with respect to the matter so designated thereto and shall not be subject to any standard of good faith, fair dealing, reasonableness, or any other standard implied by any court or imposed by law, it being the intention of the parties that the decision of the Bank with respect to said matter shall be absolutely final and binding.

Appears in 2 contracts

Samples: Loan and Security Agreement (Petmed Express Inc), Loan and Security Agreement (Color Imaging Inc)

AutoNDA by SimpleDocs

Standard of Review. Any document, writing or instrument required or ------------------ permitted to be delivered to Bank Lenders under this Agreement shall be deemed satisfactory only if approved by Bank Lenders in the exercise of its sole discretion, and any act or approval permitted to be done by Bank Lenders under this Agreement shall be in Bank's Lenders' sole discretion. Where in this Agreement reference is made to Bank's Lenders' "discretion", or "sole-sole discretion", said reference shall mean that with respect to the matter so designated, Bank Lenders shall have the absolute right to make decision with respect to the matter so designated thereto and shall not be subject to any standard of good faith, fair dealing, reasonableness, or any other standard implied by any court or imposed by law, it being the intention of the parties that the decision of the Bank Lenders with respect to said matter shall be absolutely final and binding.

Appears in 1 contract

Samples: Loan and Security Agreement (Comtech Telecommunications Corp /De/)

Time is Money Join Law Insider Premium to draft better contracts faster.