Prudent and Reasonable Operator Sample Clauses
The Prudent and Reasonable Operator clause defines the standard of care and conduct expected from a party operating under a contract, typically in industries such as oil and gas or construction. It requires the operator to act with the skill, diligence, and judgment that would be expected from a competent professional in similar circumstances, often referencing industry best practices. This clause ensures that operations are carried out safely, efficiently, and in accordance with accepted standards, thereby allocating risk and providing a clear benchmark for evaluating performance or liability in the event of a dispute.
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Prudent and Reasonable Operator a person seeking in good faith to perform its contractual obligations and who, in so doing, exercises the skill, diligence, prudence and foresight which would reasonably and usually be expected from a skilled and experienced operator acting in accordance with laws and regulations under similar circumstances and conditions. Quarterly Capacity: capacity at the Terminal under the Smart Service reserved to Unloadings subscribed for a Quarter of Year N+1 and for which the reservation request is made between the first (1st) January and the fifteenth
Prudent and Reasonable Operator an operator acting in good faith with the intention of executing its contractual obligations and who, for this purpose, applies the skills, attentiveness, prudence and foresight that are reasonably and usually applied by a competent and experienced professional acting in accordance with the laws and regulations in similar circumstances and conditions.
Prudent and Reasonable Operator a person acting in good faith with the intention of fulfilling his contractual obligations and who to that end exercises the abilities, diligence, prudence and forethought usually exercised by a competent and experienced operator involved in the same type of business and acting in accordance with the law and regulations in similar circumstances and conditions. Public Auction: auction procedure allowing the subscription of storage capacities, in accordance with article L421-5-1 of the Energy Code. Q Quantity of Gas: quantity of energy expressed in MWh (GCV), given to the nearest hundred kWh, contained in a given quantity of Gas. R
Prudent and Reasonable Operator a person seeking in good faith to perform its contractual obligations and who, in so doing, exercises the skill, diligence, prudence and foresight which would reasonably and usually be expected from a skilled and experienced operator acting in accordance with laws and regulations under similar circumstances and conditions. Reception Measuring System: all of the equipment and procedures for sampling, measuring, component analysis, calculation and electronic transmission used by the Operator in order to determine the Quantities Unloaded and the quality of the gas, in accordance with Article 14 of the General Terms and Conditions and Appendix 4. Reception: all of the operations carried out by the Operator with a view to accommodating the Vessel in the Terminal.
Prudent and Reasonable Operator a person seeking in good faith to perform its contractual obligations and who, in so doing, exercises the skill, diligence, prudence and foresight which would reasonably and usually be expected from a skilled and experienced operator acting in accordance with laws and regulations under similar circumstances and conditions. Reception Measuring System: all of the equipment and procedures for sampling, measuring, component analysis, calculation and electronic transmission used by the Operator in order to determine the Quantities Unloaded and the quality of the gas, in accordance with Article 14 of the General Terms and Conditions and Appendix 4. Reception: all of the operations carried out by the Operator with a view to accommodating the Vessel in the Terminal.