Reasonable Expectations Sample Clauses
The Reasonable Expectations clause defines the standard by which parties’ rights and obligations under a contract are interpreted, focusing on what a reasonable person in the same circumstances would expect. In practice, this clause guides courts or arbitrators to consider the intent and understanding of the parties, rather than relying solely on the literal wording of the contract. Its core function is to prevent unfair outcomes that could arise from ambiguous or technical language, ensuring that the contract is enforced in a manner consistent with the parties’ legitimate expectations.
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Reasonable Expectations. To the best of the knowledge and belief of the Lessee, the expectations set forth in this Agreement are reasonable.
Reasonable Expectations. The facts, estimates and expectations set forth in this Article are based upon and in reliance upon the City’s understanding of the documents and certificates that comprise the Transcript, and the representations, covenants and certifications of the parties contained therein. To the City’s knowledge, the facts and estimates set forth in this Tax Agreement are accurate, and the expectations of the City set forth in this Tax Agreement are reasonable. The City has no knowledge that would cause it to believe that the representations, warranties and certifications described in this Tax Agreement are unreasonable or inaccurate or may not be relied upon.
Reasonable Expectations. The Recipient warrants that, to the best of its knowledge, information and belief, and based on the facts and estimates as set forth in the tax covenants in this Exhibit, the expectations of the Recipient as set forth in this Exhibit are reasonable. The Recipient is not aware of any facts or circumstances that would cause it to question the accuracy or reasonableness of any representation made in the provisions in this Exhibit.
Reasonable Expectations. To the best of my knowledge, information and belief, and based on the facts and estimates as set forth in the tax covenants in this Article, the expectations of the Recipient as set forth in this Article are reasonable. The Recipient is not aware of any facts or circumstances that would cause it to question the accuracy or reasonableness of any representation made in the provisions in this Article.
Reasonable Expectations. The facts, estimates and expectations set forth in this Article III are based upon and in reliance upon the Issuer’s understanding of the documents and certificates that comprise the Transcript, and the representations, covenants and certifications of the parties contained therein. To the Issuer’s knowledge, the facts and estimates set forth in this Tax Agreement are accurate, and the expectations of the Issuer set forth in this Tax Agreement are reasonable. The Issuer has no knowledge that would cause it to believe that the representations, warranties and certifications described in this Tax Agreement are unreasonable or inaccurate or may not be relied upon.
Reasonable Expectations. The facts, estimates and expectations set forth in this Article are based upon and in reliance upon the City’s understanding of the documents and certificates that comprise the Transcript, including (a) the Indenture, (b) the Redevelopment Agreement, (c) this Tax Agreement, (d) covenants, representations and certifications of the Developer contained in this Tax Agreement and in the closing certificates of the Developer,
Reasonable Expectations. The facts, estimates and expectations set forth in this Article III are based upon the County’s understanding of the documents and certificates that comprise the Transcript and the representations, covenants and certifications of the parties thereto. To the County’s knowledge, the facts and estimates set forth in this Tax Agreement are accurate, and the expectations of the County set forth in this Tax Agreement are reasonable. The County has no knowledge that would cause it to believe that the representations, warranties and certifications described in this Tax Agreement are unreasonable or inaccurate or may not be relied upon.
Reasonable Expectations. This Article 2 states the Lessee’s reasonable expectations with respect to the amounts and uses of Gross Proceeds of the Lease and certain other moneys.
Reasonable Expectations. The OA is made between MOVL and the KPA (the Operator) while the ASA is made among MVHL , MOVL and Vista Oil Ltd. (whose 10% share interest in MOVL was subsequently transferred to KPA the first named Defendant). The parties expect the relationship provided for in the OA and ASA to be built upon the principles of fairness. Therefore the reasonable expectations of the parties to this action can only be determined when one looks at the terms and conditions of the Operating Agreement (OA) and the provisions of the Acquisition and Shareholders Agreement (ASA).
Reasonable Expectations is experience and general knowledge of the marketplace which gives the buyer a good idea of what the terms of agreement are likely to be. Notice: is where the nondrafting party had knowledge of the terms. There are two types of notice: (1) Actual Notice and (2) Reasonable Notice.