Good Business Practice definition

Good Business Practice means the good business practices expected of an airport operator having regard to the duties and obligations of the Lessee including, without limitation, providing appropriate facilities for the comfort, ease of access, expeditious movement and efficient use of the Airport Site by passengers and other users.”
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Good Business Practice means (i) the Company's exercise of Functional Control over the Transferred Facilities, except as ceded to the Midwest ISO under the MISO ITC Agreement, in accordance with Good Utility Practice and (ii) the Company's fulfillment in a commercially reasonable manner and, where applicable, in accordance with Good Utility Practice, of its obligations hereunder and under the other Transaction Agreements, all Applicable Laws and Regulations and all other agreements to which the Company is a party.
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Examples of Good Business Practice in a sentence

  • The arbitrators shall determine the rules by which the arbitration shall be processed and adjudicate under the principles of Good Business Practice.

  • To maximise quality and efficiency, the Works must be carried out in accordance with Good Business Practice and in compliance with the requirements of all legal acts applicable to the Works, including environmental requirements.

  • Contracts with Sub-contractors and business entities shall be concluded in accordance with the principles of good faith, arm’s length and Good Business Practice.

  • The Company shall perform its obligations under this Agreement, in accordance with Good Business Practice.

  • Notwithstanding the foregoing, any action or avoidance of action by the Company undertaken in compliance with an instruction issued to the Company by the Midwest ISO (after advising the Midwest ISO of the expected consequences) and in accordance with the exercise of Good Business Practice shall not constitute a breach of the Company's obligations under this Agreement.