Common use of Reasonable and Prudent Operator Clause in Contracts

Reasonable and Prudent Operator. Each Party shall comply with this Agreement and the Schedules and shall procure the performance of its obligations to the standard of a Reasonable and Prudent Operator, unless an alternative specific standard of performance is imposed by this Agreement in which case such specific standard shall be complied with.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

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Reasonable and Prudent Operator. Each Party shall comply with The Parties agree to perform their duties and discharge their obligations under this Agreement and the Schedules and shall procure the performance of its obligations to in accordance with the standard of a Reasonable and Prudent Operator, unless an alternative specific standard of performance is imposed by this Agreement in which case such specific standard shall be complied with.

Appears in 2 contracts

Samples: Capacity Transfer Agreement, Capacity Transfer Agreement

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