Reasonable and Prudent Operator definition

Reasonable and Prudent Operator means a person seeking in good faith to perform its contractual obligations and, in the process of doing so and in the overall conduct of its whole undertaking exercising that degree of diligence, skill, prudence and foresight which can reasonably and ordinarily be expected from a skilled and experienced operator engaged in the same type of undertaking under the same or similar circumstances complying with all applicable Laws, and any reference to the standard of a Reasonable and Prudent Operator means such degree of diligence, skill, prudence and foresight as aforesaid.

Reasonable and Prudent Operator means a person seeking, in good faith, to perform its contractual obligations and, in so doing and in the general conduct of its undertaking, exercising that degree of skill, diligence, prudence and foresight which would reasonably and ordinarily be expected from a skilled and experienced operator complying with all applicable Legal Requirements engaged in the same type of undertaking in similar circumstances and conditions;

Reasonable and Prudent Operator and “RPO” shall mean a person seeking in good faith to perform its contractual obligations, and in so doing and in the general conduct of its undertaking exercising that degree of skill, diligence, prudence and foresight which would reasonably and ordinarily be expected from a skilled and experienced person complying with applicable law engaged in the same type of undertaking in the same or similar circumstances and conditions, and any reference to the “standard of a Reasonable and Prudent Operator” shall be construed accordingly;

Examples of Reasonable and Prudent Operator in a sentence

• The Installation Contractor shall use reasonable endeavours to minimise such Costs or maximise such Savings in accordance with the standards of a Reasonable and Prudent Operator.

• If any item has become the property of the Project Company, the Installation Contractor shall ensure that such item (wherever located) has been marked, labelled and/or identified in accordance with the standards of a Reasonable and Prudent Operator as the Project Company's property and the Installation Contractor has established to the satisfaction of the Project Company that title to the relevant items has vested in the Project Company, free from Liens and other encumbrances.

• If any item has become the property of the Project Company, the Supplier shall ensure that such item (wherever located) has been marked, labelled and/or identified in accordance with the standards of a Reasonable and Prudent Operator as the Project Company's property and the Supplier has established to the satisfaction of the Project Company that title to the relevant items has vested in the Project Company, free from Liens and other encumbrances.

• The Supplier shall use reasonable endeavours to minimise such Costs or maximise such Savings in accordance with the standards of a Reasonable and Prudent Operator.

• The Installation Contractor shall commence the Installation Works, as soon as reasonably practicable (in accordance with the standards of a Reasonable and Prudent Operator) after the Commencement Date with due expedition and without delay and in accordance with the Programme.

More Definitions of Reasonable and Prudent Operator

Reasonable and Prudent Operator means, as what concerns the TSO and the Network User, the degree of diligence, prudence and foresight reasonable and ordinarily exercised by experienced operators engaged in the same line of business under the same or similar circumstances and conditions having due consideration to the interest of the other Party under this Agreement .

Reasonable and Prudent Operator means, in relation to the performance of obligations under this Operating Code:

Reasonable and Prudent Operator means a person acting in good faith with the intention of performing its obligations under the Licence and who in so doing and in the general conduct of its undertaking, exercises that degree of skill, diligence, prudence and foresight which would reasonably and ordinarily be exercised by a skilled and experienced operator complying with applicable law and engaged in the same type of undertaking and under the same or similar circumstances and conditions.

Reasonable and Prudent Operator means an Entity fulfilling its obligations with that degree of diligence, skill, prudence and foresight as reasonably and ordinarily exercised by experienced operators engaged in the same line of business under the same or similar cir- cumstances and conditions and in accordance with good operating practice.

Reasonable and Prudent Operator means an operator of multi-use athletic and entertainment projects similar in scope, size, and complexity to the Premises seeking to perform its contractual obligations and maximize the use of, and the revenue generated by, its facilities, and in so doing and in the general conduct of its undertakings exercises that degree of skill, diligence and prudence that would reasonably and ordinarily be expected from a skilled and experienced operator of Comparable NFL Facilities complying with all Applicable Law and engaged in the same type of undertaking.

Reasonable and Prudent Operator and its abbreviation “RPO” shall mean a person seeking in good faith to perform its contractual obligations hereunder and, in the process of doing so and in the overall conduct of its whole undertaking exercising that degree of diligence, prudence and foresight which can reasonably and ordinarily be expected from a skilled and experienced operator engaged in the same type of undertaking under the same or similar circumstances, and any reference to the standard of a Reasonable and Prudent Operator shall mean such degree of diligence, prudence and foresight as aforesaid.

Reasonable and Prudent Operator when used to describe the standard of care to be exercised by a Party in performing its obligations hereunder shall mean that degree of diligence, prudence and foresight reasonably and ordinarily exercised by experienced operators engaged in the same line of business under the same or similar circumstances and conditions having due consideration to the interests of the other Party;