Good Policy definition

Good Policy means, with respect to the Company, the credit granting and collecting policies commonly adhered to or approved by a significant portion of loan originators in the United States for similarly situated companies operating in the industries in which the Company is operating, or any of such policies, which, in the exercise of reasonable judgment in light of the facts known at the time a decision is made, would be expected to accomplish the desired result in a manner consistent with applicable Law and good business practices in such industries. “Good Policy” is not intended to be limited to the optimum policies, practices, methods or acts, to the exclusion of all others, but rather to include a spectrum of possible but reasonable policies, practices, methods or acts employed among competent owners of comparable similarly situated companies operating in the industries in which the Company is operating in light of the circumstances.
View Source
Good Policy means, with respect to the Company, the credit granting and collecting policies commonly adhered to by the Group Companies, which, in the exercise of reasonable judgment in light of the facts known at the time a decision is made, would be expected to accomplish the desired result in a manner consistent with applicable law and good business practices in such industries, including the credit policy and the reserve policy set forth on Schedule 3.1.24(d) (“Reserve Policy”).
View Source
Good Policy. , meaning that good policy means tight grouping in maturity levels between aspects.
View Source

Examples of Good Policy in a sentence

  • Estimated Return Value (ERV) shall mean the estimated credit value to be received from a manufacturer for a product that meets the manufacturer’s current Returned Good Policy (RGP).

  • Vendor will work with all manufacturers and maintain a robust proprietary Returned Good Policy (RGP) Database.

  • However, Exhibit A (Product Pricing) and Exhibit C (Return Good Policy) may be modified with a written notification from Company to Distributor.

  • The Indonesian Economy amidst the Global Crisis: Good Policy and Good Luck.

  • Each credit and collection policy of the Company and its Subsidiaries under which such loans and leases have been originated and serviced is consistent with Good Policy.

  • Seller’s current Return Good Policy is as follows: · All requests for credits for Products must have a return authorization number issued by Seller’s customer service department or Seller’s automated customer service platform (e.g., McKesson SupplyManager™).

Related to Good Policy

  • R&W Policy means that certain representations and warranties insurance policy issued by the R&W Insurer to the Buyer.

  • RWI Policy means that certain buyer-side transaction representation and warranty policy, together with the binder of insurance associated therewith, underwritten by the RWI Insurer, with coverage incepting as of the date of this Agreement, in the form attached hereto as Exhibit A.