Common use of Diligence, Care and Prudence Clause in Contracts

Diligence, Care and Prudence. Each Party shall use such diligence, care and prudence in the performance of its duties, including each Party’s respective services set forth in Article II and Article III hereof and shall devote such time, effort and skills, and shall cause its employees and the employees of its subsidiaries to devote such time effort and skills, as an ordinary professional in like position would do in like circumstances, with like executive responsibilities and fiduciary duties in the case of those employees that serve as executive officers of both PEG LP and PEG Inc., but subject to and in accordance with the provisions of this Agreement.

Appears in 3 contracts

Samples: Bilateral Management Services Agreement, Bilateral Management Services Agreement (Pattern Energy Group Inc.), Bilateral Management Services Agreement (Pattern Energy Group Inc.)

AutoNDA by SimpleDocs

Diligence, Care and Prudence. Each Party shall use such diligence, care and prudence in the performance of its duties, including each Party’s respective services set forth in Article II and Article III hereof and shall devote such time, effort and skills, and shall cause its employees and the employees of its subsidiaries to devote such time effort and skills, as an ordinary professional in like position would do in like circumstances, with like executive responsibilities and fiduciary duties in the case of those employees that serve as executive officers of both PEG LP and Inc. who also serve as executive officers of either PEG Inc.1 or PEG 2 (or both), but subject to and in accordance with the provisions of this Agreement.

Appears in 3 contracts

Samples: Multilateral Management Services Agreement, Multilateral Management Services Agreement (Pattern Energy Group Inc.), Multilateral Management Services Agreement (Pattern Energy Group Inc.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!