Permitted Discretion

Example Definitions of "Permitted Discretion"
Permitted Discretion. A determination made in good faith and in the exercise of reasonable (from the perspective of a secured asset-based lender) business judgment.
Found in CRITICAL PATH INC contract
Permitted Discretion. Means a determination made in the exercise of reasonable (from the perspective of a secured lender) business judgment.
Found in KID BRANDS, INC contract
All Definitions