Prudent Engineering and Operating Practices means, with respect to each Project, the practices, methods and acts engaged in or approved by the landfill gas industry or the electric utility industry, as applicable, that, at a particular time for electrical generating facilities or landfill gas gathering and production facilities, as applicable, of similar design and construction as the Project, in the exercise of reasonable judgment at the time a decision was made, would have been expected to accomplish the desired result in a timely manner consistent with law, regulation, reliability, safety, environmental protection and economy.
Prudent Engineering and Operating Practices means those practices, methods, equipment, specifications and standards of safety and performance, as the same may change from time to time, as are commonly used by independent operators of electric generation stations of a type and size similar to those constituting the applicable Facility as good, safe and prudent engineering practices in connection with the operation, maintenance, repair and use of gas turbines, electrical generators and other equipment and facilities with commensurate standards of safety, performance, dependability, efficiency and economy. Prudent Engineering and Operating Practices are not intended to be limited to the optimum practice or method to the exclusion of others, but rather to be a spectrum of possible but reasonable practices and methods.
Prudent Engineering and Operating Practices means the practices, methods and acts (including, but not limited to, the practices, methods and acts engaged in or approved by a significant portion of the electric utility industry) that at a particular time, in the exercise of reasonable judgment in light of the facts known or that should have been known at the time a decision was made, would have been expected to accomplish the desired result in a manner consistent with law, regulation including, but not limited, to the National Electric Safety Code, the National Electric Code and other applicable codes, reliability, safety, environmental protection, economy and expedition. With respect to the Facility, Prudent Engineering and Operating Practices include but are not limited to taking reasonable steps to ensure that:
Examples of Prudent Engineering and Operating Practices in a sentence
The Partnership will maintain and operate the Project, or cause the Project to be maintained and operated (i) in good order and repair, (ii) in compliance with the Project Agreements of each of the Partnership and the Company, the noncompliance with which could reasonably be expected to result in a Material Adverse Change, and (iii) substantially in accordance with Prudent Engineering and Operating Practices.
Upon Decommissioning of the Facility, the NUG shall reimburse SED for the reasonable and actual costs incurred by SED to disconnect the Facility and remove the SED interconnection facilities in accordance with Prudent Engineering and Operating Practices.
Subject to Section 2.2, CES shall Schedule Gas deliveries to each Facility that are consistent with (i) the Schedules for delivery of Contracted Power Products from such Facility and the RMR Agreements, (ii) Prudent Engineering and Operating Practices, and (iii) all manufacturer's recommendations and warranties with respect to the Facility in question.
Operator shall operate and maintain the Project and the Leased Equipment in compliance with all Legal and Contractual Requirements, Prudent Engineering and Operating Practices, equipment supplier's recommendations and the Annual Operating Plan and Budget.
The Administrative Agent shall perform the Services for each Company in all respects in accordance with: (i) all applicable Laws, (ii) applicable Prudent Engineering and Operating Practices, (iii) as to each Subsidiary, such Subsidiary's and its Facility's regulatory status, as applicable, (iv) all safety, fire protection and other requirements of each Company's insurance policies, (v) the applicable requirements of any Power Purchase Agreements, and (vi) any warranties related to the Facilities.
More Definitions of Prudent Engineering and Operating Practices
Prudent Engineering and Operating Practices. The practices generally prevailing in the offshore oil and gas drilling industry but, at a particular time, in the exercise of reasonable judgment in light of the facts known or that should have been known to the Manager at the time a decision was made, could have been expected to accomplish the desired result at a reasonable cost in a manner consistent with law, reliability, safety, security, environmental protection and expedition. Prudent Engineering and Operating Practices include, but are not limited to, insuring that:
Prudent Engineering and Operating Practices means the standards, practices, methods, procedures and acts which (a) conform with such degree of skill, diligence, prudence and foresight as would reasonably be expected from a significant portion of skillful and experienced independent power producers operating a power station of similar type to the Project during the relevant time period, and (b) would reasonably be expected to be applied by such Person exercising reasonable judgment in light of the facts known at the time a decision was made to accomplish the desired result in an efficient and wxxxxxx-like manner consistent with good business practices and applicable Laws and at a commercially reasonable cost. "Prudent Engineering and Operating Practices" is not intended to be limited to the optimum practice, but is instead intended to encompass a broad range of acceptable practices, methods, procedures and acts.
Prudent Engineering and Operating Practices means those practices, methods, equipment, specifications and standards of safety, performance, dependability, efficiency and economy as the same may change from time to time, as are commonly used by professional construction and engineering firms performing engineering, procurement and construction services with respect to wind energy facilities or in the operation of such facilities, as applicable, which, in the exercise of reasonable judgment and in the light of the facts known at the time the decision was made, are considered good, safe and prudent practice in connection with the construction, use and operation and maintenance of wind energy generating and operating equipment and other electrical equipment, facilities and improvements, with commensurate standards of safety, efficiency and economy, and as are in accordance with generally accepted standards of professional care, skill, diligence and competence applicable to engineering, construction, project management, and operation and maintenance practices. Prudent Engineering and Operating Practices are not intended to be limited to certain practices to the exclusion of others, but rather to be a range of good and proper practices, methods and actions.
Prudent Engineering and Operating Practices means, with respect to a particular time, those practices, methods, techniques and standards, as at such time, that are generally accepted for use in the merchant power electric generation industry commonly used in safe and prudent electric engineering and operations to design, engineer, construct, test, operate and maintain electric generation and transmission equipment.
Prudent Engineering and Operating Practices means the practices, methods and acts generally engaged in or approved by the electric utility industry, for electrical and steam generating facilities of similar design and construction as, and otherwise similarly situated to, the Project, that in the exercise of reasonable judgment in light of the facts known or that reasonably should have been known at the time a decision was made, would have been expected to accomplish the desired result in a manner consistent with law, regulation, reliability, safety, environmental protection, economy and expedition.
Prudent Engineering and Operating Practices means the standards, practices, methods, procedures and acts which (a) conform with such degree of skill, diligence, prudence and foresight as would reasonably be expected from a skillful and experienced operator of a power station of similar type to the Project with a view to profit-making therefrom, and (b) would reasonably be expected to be applied by such Person exercising reasonable judgment in light of the facts known or that should have been known at the time a decision was made to accomplish the desired result in an efficient and xxxxxxx-like manner consistent with Laws.
Prudent Engineering and Operating Practices means the standards, practices, methods, procedures and acts which (a) conform with such degree of skill, diligence, prudence and foresight as would reasonably be expected from a significant portion of skillful and experienced independent power producers operating a power station of similar type to the Project during the relevant time period, and (b) would reasonably be expected to be applied by such Person exercising reasonable judgment in light of the facts known at the time a decision was made to accomplish the desired result in an efficient and workman-like manner consistent with good business practices and applicable Laws and at a commercially reasonable cost. "Prudent Engineering and Operating Practices" is not intended to be limited to the optimum practice, but is instead intended to encompass a broad range of acceptable practices, methods, procedures and acts.