Agreed Standard definition

Agreed Standard means, with respect to any determination regarding CAT Events made by any Person at any time, that such Person made such determination reasonably and in good faith and after taking into account all relevant information reasonably available, including available industry loss estimates from reliable sources, the Company’s own estimates and modeling with respect to losses arising out of such CAT Events (or the Company’s representations regarding such estimates and modeling, as applicable), the amount of time that has passed since the occurrence of such CAT Events and relevant historical experience regarding events that were similar to such CAT Events.
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Agreed Standard means the minimum extent of removal, environmental remediation and/or other action that is required to prevent, at the lowest possible cost, any relevant Material Site Conditions from materially impeding, impairing or interfering with the Purchaser’s construction or operation of the Plant;
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Agreed Standard means what (i) (in respect of clauses 13.2.3 and 13.2.4) is necessary to achieve compliance with Environmental Law or (in respect of clause 13.2.5) what would be necessary to achieve compliance with Environmental Law if remedial and clean up action was required to be carried out by the relevant competent authority or court of competent jurisdiction pursuant to Environmental Law, in each case to the extent of what is or would be so necessary to allow the relevant Property to be used for the same business purposes as at the Completion Date and for the same dominant and ancillary uses as at the Completion Date (dominant and ancillary use to be interpreted as in relation to the Town and Country Planning Act 1990), and in each case in as cost effective a manner as is possible in the circumstances and (ii) causes as little interference with the business of the Company as is reasonable in the circumstances, having regard in particular to cost. The Agreed Standard shall be agreed or determined according to the procedure set out in clause 13.7;
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Examples of Agreed Standard in a sentence

  • The enforceability of any purported waiver, release, variation, disclaimer, consent or other agreement to similar effect (collectively, a “Waiver”) or any purported agreement to establish standards for reasonable notification or commercial reasonableness (collectively, an “Agreed Standard”) by any Borrower under the Credit Agreement to the extent such Waiver or Agreed Standard is limited by Applicable Law, including without limitation judicial decisions.

  • Without limiting the generality of and subject to the foregoing, and for purposes of clarity, provided that the Lands are in compliance with all Environmental Laws at the Closing Date, the Vendor shall not be obligated to remediate the Lands beyond or above the Agreed Standard and such remediation obligation shall only apply to the extent required to address Remaining Material Site Conditions in accordance with section 11.2(c).

  • The Sponsor Body will consult the Parliamentary Information Authority on the strategy and the Sponsor Body and Corporate Officers intend that the strategy will be an Agreed Standard to replace the Parliamentary Information Authority’s standards once agreed.

  • The enforceability of any purported waiver, release, variation, disclaimer, consent or other agreement to similar effect (collectively, a “Waiver”) or any purported agreement to establish standards for reasonable notification or commercial reasonableness (collectively, an “Agreed Standard”) by any Borrower Party under any Subject Document to the extent such Waiver or Agreed Standard is limited by applicable law.

  • Pursuant to the Agreed Standard, all elements of the Business IT are free from any material defect affecting their functionality.

  • Pursuant to the Agreed Standard, the Material Target Companies are not aware of any environmental contamination that is migrating from a neighbouring site to any Real Property.

  • In particular, the Bring-Down Certificate shall be delivered for information purposes only and exclusively on the basis of Seller's actual knowledge (positive Kenntnis) after due inquiry with the Agreed Standard Persons.

  • The Management Company shall be responsible for the efficient and satisfactory proper management and operation of the Association and maintenance of the Condominium in accordance with the Agreed Standard (as hereinafter defined) and otherwise as required by this Agreement, subject to the limitations of the Association’s budget established from time to time pursuant to Section 6(d) below.

  • No bankruptcy, insolvency or similar proceedings are pending, or have been applied for with respect to Seller or any Target Company by the respective management nor, pursuant to the Agreed Standard, by any third party, and neither Seller nor any Target Company is required under the laws of its incorporation to file for bankruptcy or insolvency.

  • The Agreed Standard is the BOMA dripline standard; equipment and services yards, patios and outdoor areas will not be included in the rentable square footage of the Premises unless within the dripline.


More Definitions of Agreed Standard

Agreed Standard means that with respect to the Warranties which are subject to this standard the Seller (i) has verified such Warranties based on the relevant information actually reported to it, in particular through existing reporting lines for compliance, legal and accounting purposes, and (ii) has duly inquired the persons listed in part 1 of Exhibit 12.2.1 (c) who have confirmed to have in turn duly inquired those certain other individuals of the Target Companies listed in part 2 of Exhibit 12.2.1 (c) ("Agreed Standard Persons"); the Purchaser is aware and acknowledges that the Seller has not undertaken any further investigations for purposes of verifying the Warranties which are subject to this standard.
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Agreed Standard means that with respect to the Warranties which are subject to this standard the Seller (i) has verified such Warranties based on the relevant information actually reported to it, in particular through existing reporting lines for compliance, legal and accounting purposes, and (ii) has duly inquired the persons listed in part 1 of Exhibit 12.2.1
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Agreed Standard means the standard agreed in writing between the parties from time to time or, failing agreement, the higher of:
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Related to Agreed Standard

  • harmonised standard means harmonised standard as defined in point (c) of point 1 of Article 2 of Regulation (EU) No 1025/2012;

  • Applicable Standards means the requirements and guidelines of NERC, the Applicable Regional Entity, and the Control Area in which the Customer Facility is electrically located; the PJM Manuals; and Applicable Technical Requirements and Standards.

  • Reasonable and prudent parent standard means the standard

  • Specifications and Standards means the specifications and standards relating to the quality, quantity, capacity and other requirements for the Project Highway, as set forth in Schedule-D, and any modifications thereof, or additions thereto, as included in the design and engineering for the Project Highway submitted by the Contractor to, and expressly approved by, the Authority;

  • Technical standard means a document that specifies design, predicted performance and operation and maintenance specifications for a material, device or method.