Consistent Standards Clause Samples
The Consistent Standards clause establishes that all parties to an agreement must adhere to the same set of rules, requirements, or performance benchmarks throughout the duration of the contract. In practice, this means that any obligations, quality measures, or procedures specified in the agreement are applied uniformly, regardless of which party is performing or receiving services. For example, if a supplier is required to meet certain safety standards, those same standards must be maintained consistently across all deliveries. The core function of this clause is to ensure fairness and predictability by preventing arbitrary or uneven application of standards, thereby reducing the risk of disputes and misunderstandings.
Consistent Standards. It is recognized that the Adviser will perform various investment management and administrative services for entities other than the Trust and the Funds; in connection with providing such services, the Adviser agrees to exercise the same skill and care in performing its services under this Agreement as the Adviser exercises in performing similar services with respect to the other fiduciary accounts for which the Adviser has investment responsibilities.
Consistent Standards. It is recognized that the Adviser will perform various investment management and administrative services for entities other than the Fund; in connection with providing such services, the Adviser agrees to exercise the same skill and care in performing its services under this Agreement as the Adviser exercises in performing similar services with respect to the other fiduciary accounts for which the Adviser has investment responsibilities.