Reserved Discretion definition

Reserved Discretion means the rights of the Borrower under the Project Contracts listed in Schedule 5 (Reserved Discretions).
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Reserved Discretion means the right of the Issuer to give or deny consent, exercise options or take or refuse to take other action in accordance with any of the provisions of the Relevant Project Documents described in Appendix 14 (Reserved Discretion) to the CTA.
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Reserved Discretion means each discretion of the Borrower set out in Schedule 10 (Reserved Discretion) of this Agreement.
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Examples of Reserved Discretion in a sentence

  • Nothing in this Schedule 9 shall require the Company to exercise or refrain from exercising a Reserved Discretion or to exercise a Reserved Discretion in a particular way if to do so would cause or constitute a Default or breach the terms of a Project Document.


More Definitions of Reserved Discretion

Reserved Discretion has the meaning given to this term in Clause 2.6.2 (Interim Management).
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Related to Reserved Discretion

  • Permitted Discretion means a determination made in the exercise of reasonable (from the perspective of a secured asset-based lender) business judgment.

  • Discretion means in the sole discretion of the Committee, with no requirement whatsoever that the Committee follow past practices, act in a manner consistent with past practices, or treat an employee or consultant in a manner consistent with the treatment afforded other employees or consultants with respect to the Plan.

  • Sole Discretion means, with respect to any determination to be made under this Agreement by a Party, the sole and absolute discretion of that Party, without regard to any standard of reasonableness or other standard by which the determination of that Party might be challenged. “Reasonable efforts” or “commercially reasonable efforts” means, with respect to a given obligation, the efforts that a reasonable and prudent person wishing to achieve a result would use in similar circumstances to perform that obligation as promptly as possible consistent with its normal business practices and good-faith business judgment, including the incurrence of reasonable immaterial expenditures or liabilities. If any date specified in this Agreement as the only day, or the last day, for taking action falls on a day that is not a business day, then that action may be taken on the next business day. Unless stated otherwise, all references to a date or time of day in this Agreement are references to that date or time of day of the location of bookinglab set out on page 1. An obligation on a Party not to do something includes an obligation not to attempt to do that thing nor to allow that thing to be done.

  • Reserved Shares means initially, [ ] Shares. The Reserved Shares may be increased or decreased in a Supplemental Confirmation.

  • Protective Measures means appropriate technical and organisational measures which may include: pseudonymising and encrypting Personal Data, ensuring confidentiality, integrity, availability and resilience of systems and services, ensuring that availability of and access to Personal Data can be restored in a timely manner after an incident, and regularly assessing and evaluating the effectiveness of the such measures adopted by it;