Accepted Industry Practices definition

Accepted Industry Practices means those practices, methods and acts generally employed or approved by a significant portion of the solar photovoltaic generation and energy storage industry in MISO South with respect to assets and properties of a type and size similar to those constituting the Facility during the relevant time period that, in the exercise of reasonable judgment in light of the facts known at the time a decision is made, would have been expected to accomplish the desired result consistent with good solar photovoltaic generation and energy storage industry practices, reliability, safety and the requirements of applicable Laws and permits. Accepted Industry Practices are not intended to be limited to the optimum practices, methods or acts to the exclusion of others, but rather are intended to include a spectrum of possible practices, methods and acts generally employed or approved by a significant portion of the solar photovoltaic generation and energy storage industry in MISO South during the relevant time period that meet the requirements of the preceding sentence.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Accepted Industry Practices means those practices, methods and acts generally employed or approved by a significant portion of the wind power generation and energy storage industry in the relevant region of the United States of America with respect to assets and properties of a type and size similar to those constituting the Facility during the relevant time period that, in the exercise of reasonable judgment in light of the facts known at the time a decision is made, would have been expected to accomplish the desired result consistent with good wind power generation and energy storage industry practices, reliability, safety and the requirements of applicable Laws and permits. Accepted Industry Practices are not intended to be limited to the optimum practices, methods or acts to the exclusion of others, but rather are intended to include a spectrum of possible practices, methods and acts generally employed or approved by a significant portion of the wind power generation and energy storage industry in the relevant region of the United States of America during the relevant time period that meet the requirements of the preceding sentence.

Accepted Industry Practices means those practices, methods and acts generally employed or approved by a significant portion of the solar photovoltaic generation industry in the relevant region of the United States of America during the relevant time period that, in the exercise of reasonable judgment in light of the facts known at the time a decision is made, would have been expected to accomplish the desired result consistent with good solar photovoltaic generation industry practices, reliability, safety and the requirements of applicable Laws. Accepted Industry Practices are not intended to be limited to the optimum practices, methods or acts to the exclusion of others, but rather are intended to include a spectrum of possible practices, methods and acts generally employed or approved by a significant portion of the solar photovoltaic generation industry in the relevant region of the United States of America during the relevant time period that meet the requirements of the preceding sentence.

Examples of Accepted Industry Practices in a sentence

• Notwithstanding the foregoing, if the equipment, technology or any other aspect contemplated by this Section 8.4(c) becomes antiquated, obsolete, impracticable or outside of Accepted Industry Practices and Buyer so requests, Seller shall modify such aspects as reasonably requested by Buyer to bring them back into then-current equipment and technology, practicability and Accepted Industry Practices.

• Without limiting the generality of the foregoing, each Capacity Demonstration Test and Storage Capacity Demonstration Test shall account for energy losses to the Electric Interconnection Point in accordance with Accepted Industry Practices.

• Seller shall require that the Person conducting each Capacity Demonstration Test or Storage Capacity Demonstration Test perform such test in accordance with Accepted Industry Practices, the protocols and the procedures set forth on Schedule 3.12 and any other applicable requirements of this Agreement.

• Seller shall cause the Forecaster to prepare all such estimates in good faith and following Accepted Industry Practices, including taking into account the operating condition of the Generating Facility, auxiliary load(s), insolation, temperature and relative humidity conditions, losses, availability of and other circumstances relating to electric transmission and other relevant factors at such time.

• Seller shall cause the Forecaster to prepare all such estimates in good faith and following Accepted Industry Practices, including taking into account the operating condition of the Generating Facility, auxiliary load(s), wind speed, wind direction, temperature and relative humidity conditions, losses, availability of and other circumstances relating to electric transmission and other relevant factors at such time.

• Without limiting the generality of the foregoing, each Net Generation Capacity Calculation and Storage Capacity Demonstration Test shall account for energy losses to the Electric Interconnection Point in accordance with Accepted Industry Practices.

• Seller shall require that the Person conducting each Net Generation Capacity Calculation and Storage Capacity Demonstration Test perform such calculation and test in accordance with Accepted Industry Practices, the protocols and the procedures set forth on Schedule 3.12 and any other applicable requirements of this Agreement.

• Seller shall cause the Forecaster to prepare all such estimates in good faith and following Accepted Industry Practices, including taking into account the operating condition of the Facility, auxiliary load(s), temperature and relative humidity conditions, losses, availability of and other circumstances relating to electric transmission and other relevant factors at such time.

• Each Capacity Demonstration Test and Storage Capacity Demonstration Test shall account for energy losses to the Electric Interconnection Point in accordance with Accepted Industry Practices.

• Each Capacity Demonstration Test and Storage Capacity Demonstration Test shall be performed in accordance with Accepted Industry Practices, the protocols and the procedures set forth on Schedule 3.12 and any other applicable requirements of this Agreement.

More Definitions of Accepted Industry Practices

Accepted Industry Practices means those practices, methods, specifications and standards of safety and performance, as the same may be changed from time to time, as are commonly used in the operation and maintenance of refineries similar to the Refineries. “Accepted Industry Practice” contemplates the exercise of that degree of skill, care, diligence, prudence and foresight that would reasonably and ordinarily be expected under similar circumstances in the refining industry in the same type of

Accepted Industry Practices means those practices, methods and acts generally employed or approved by a significant portion of the wind power generation and energy storage industry in MISO South with respect to assets and properties of a type and size similar to those constituting the Facility during the relevant time period that, in the exercise of reasonable judgment in light of the facts known at the time a decision is made, would have been expected to accomplish the desired result consistent with good wind power generation and energy storage industry practices, reliability, safety and the requirements of applicable Laws and permits. Accepted Industry Practices are not intended to be limited to the optimum practices, methods or acts to the exclusion of others, but rather are intended to include a spectrum of possible practices, methods and acts generally employed or approved by a significant portion of the wind power generation and energy storage industry in MISO South during the relevant time period that meet the requirements of the preceding sentence.

Accepted Industry Practices means those practices, methods, specifications and standards of safety and performance, as the same may be changed from time to time, as are commonly used in the operation and maintenance of refineries similar to the Refineries. “Accepted Industry Practice” contemplates the exercise of that degree of skill, care, diligence, prudence and foresight that would reasonably and ordinarily be expected under similar circumstances in the refining industry in the same type of undertaking under the same or similar circumstances. “Accepted Industry Practice” does not necessarily mean one particular practice, method, specification or standard in all cases, but is instead intended to encompass a broad range of acceptable practices, methods, specifications and standards.

Accepted Industry Practices means those practices, methods and acts generally employed or approved by a significant portion of the solar photovoltaic generation and with integrated battery energy storage industry in MISO South with respect to assets and properties of a type and size similar to those constituting the relevant region of the United States of AmericaFacility during the relevant time period that, in the exercise of reasonable judgment in light of the facts known at the time a decision is made, would have been expected to accomplish the desired result consistent with good solar photovoltaic generation and energy storage industry practices, reliability, safety and the requirements of applicable Laws and permits. Accepted Industry Practices are not intended to be limited to the optimum practices, methods or acts to the exclusion of others, but rather are intended to include a spectrum of possible practices, methods and acts generally employed or approved by a significant portion of the solar photovoltaic generation and energy storage industry in the relevant region of the United States of America during the relevant time period that meet the requirements of the preceding sentence.

Accepted Industry Practices means those practices, methods and acts generally employed or approved by a significant portion of the solar photovoltaic generation and energy storage industry in the relevant region of the United States of America during the relevant time period that, in the exercise of reasonable judgment in light of the facts known at the time a decision is made, would have been expected to accomplish the desired result consistent with good solar photovoltaic generation and energy storage industry practices, reliability, safety and the requirements of applicable Laws. Accepted Industry Practices are not intended to be limited to the optimum practices, methods or acts to the exclusion of others, but rather are intended to include a spectrum of possible practices, methods and acts generally employed or approved by a significant portion of the solar photovoltaic generation and energy storage industry in the relevant region of the United States of America during the relevant time period that meet the requirements of the preceding sentence.

Accepted Industry Practices means practices, methods and acts that are used and generally accepted internationally in the railroad industry (including practices, methods and acts which are applicable having regard to the type and size of the Project, its design and configuration and its geographic location) as applicable to the management of a project which is similar to the Project in accordance with all applicable laws and with safety, reliability, efficiency and economy.