Common use of Reasonable and Prudent Operator Clause in Contracts

Reasonable and Prudent Operator. a Person seeking in good faith to perform its contractual obligations, and in so doing, and in the general conduct of its undertaking, exercising that degree of skill, diligence, prudence and foresight which would reasonably and ordinarily be expected from a skilled and experienced operator, complying with all applicable International Standards and practices and regulations and approvals of Governmental Authorities, engaged in the same type of undertaking under the same or similar circumstances and conditions; Receiving Terminal: the LNG receiving terminal facilities providing for the unloading, reception, discharge, storage, treatment (if necessary), and regasification of LNG and the processing and send-out of Gas or regasified LNG, and other relevant infrastructure, including any associated Port and Marine Facilities for the safe passage to berth of LNG Tankers, terminal facilities for the berthing and discharging of LNG Tankers, LNG storage tanks, regasification plant, and send-out pipelines forming part of the associated facilities (but excluding the Receiving Terminal Pipeline), and in each case including any expansion to any such facilities to the extent that DES Buyer has access to and the use of such expansion facilities;

Reasonable and Prudent Operator. a Person seeking in good faith to perform its contractual obligations, and in so doing, and in the general conduct of its undertaking, exercising that degree of skill, diligence, prudence and foresight which would reasonably and ordinarily be expected from a skilled and experienced operator, complying with all applicable International Standards and practices and regulations and approvals of Governmental Authorities, engaged in the same type of undertaking under the same or similar circumstances and conditions; Receiving Terminal: the LNG receiving terminal facilities providing for the unloading, reception, discharge, storage, treatment (if necessary), and regasification of LNG and the processing and send-out of Gas or regasified LNG, and other relevant infrastructure, including any associated Port and Marine Facilities for the safe passage to berth of LNG Tankers, terminal facilities for the berthing and discharging of LNG Tankers, LNG storage tanks, regasification plant, and send-out pipelines forming part of the associated facilities (but excluding the Receiving Terminal Pipeline), and the port at which such LNG receiving terminal is located, and in each case including any expansion to any such facilities to the extent that DES Buyer has access to and the use of such expansion facilities;