Common use of FAIR DEALING AND BUSINESS STANDARDS Clause in Contracts

FAIR DEALING AND BUSINESS STANDARDS. 14.1 Each party agrees: to use all reasonable efforts to make timely decisions in a speedy and effective way; to deal fairly with each other; and at all times to act in good faith. In this context, “good faith” includes, without limiting the duty of each party to cooperate with the other, a duty of honesty to the other party and a duty not to intentionally mislead the other party.

Appears in 6 contracts

Samples: NCL CORP Ltd., NCL CORP Ltd., NCL CORP Ltd.

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FAIR DEALING AND BUSINESS STANDARDS. 14.1 Each party agrees: to use all reasonable efforts to make timely decisions in a speedy and effective way; to deal fairly with each other; and at all times to act in good faith. In this context, "good faith" includes, without limiting the duty of each party to cooperate with the other, a duty of honesty to the other party and a duty not to intentionally mislead the other party.

Appears in 2 contracts

Samples: Shipbuilding Contract (Norwegian Cruise Line Holdings Ltd.), Shipbuilding Contract (Norwegian Cruise Line Holdings Ltd.)

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FAIR DEALING AND BUSINESS STANDARDS. 14.1 15.1 Each party agrees: to use all reasonable efforts to make timely decisions in a speedy and effective way; to deal fairly with each other; and at all times to act in good faith. In this context, “good faith” includes, without limiting the duty of each party to cooperate co-operate with the other, a duty of honesty to the other party and a duty not to intentionally mislead the other party.

Appears in 2 contracts

Samples: Shipbuilding Contract (NCL CORP Ltd.), NCL CORP Ltd.

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