Reasonable and Prudent Standard definition

Reasonable and Prudent Standard means the standard of a person seeking in good faith to comply with its contractual obligations and, in so doing and in the general conduct of its undertaking, exercising that degree of skill, diligence, prudence and foresight that would reasonably and ordinarily be expected from a skilled and experienced person complying with all applicable Laws, Directives, Industry Documents and Required Authorisations and engaged in the same type of undertaking under the same or similar circumstances and conditions;
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Reasonable and Prudent Standard has the meaning given in the HPC CfD as at the date of this Agreement;
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Reasonable and Prudent Standard means the standard of 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 that would reasonably and ordinarily be expected from a skilled and experienced person complying with all applicable Laws, Directives, Industry Documents and Required Authorisations and engaged in the same type of undertaking under the same or similar circumstances and conditions;
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Examples of Reasonable and Prudent Standard in a sentence

  • TRUE or FALSE - Corporate foster care and residential facilities must have at least one person available on-site who is trained and designated to apply the Reasonable and Prudent Standard.

  • The case planner may use Attachment A, Applying the Reasonable and Prudent Standard: Gathering Information to Support Normative Experiences,28 to engage the parent/guardian and to learn about the child and the activities the child was participating in prior to foster care entry when they meet with the parent.

  • As mentioned earlier, the owners and administrators might have influenced students’ responses.

  • Attachment A: Applying the Reasonable and Prudent Standard: Gathering Information to Support Normative ExperiencesAttachment B: Applying the Reasonable and Prudent Standard: Caregiver Considerations Attachment C: Applying the Reasonable and Prudent Parent Standard: Know Before You Say NoI.

  • Attachment B, Applying the Reasonable and Prudent Standard: Caregiver Considerations, provides a list of questions a caregiver may want to ask or explore prior to making a determination as to whether or not a child should participate in proposed normative experiences.

  • The case worker, case planner, and/or case manager may use Attachment A, Applying the Reasonable and Prudent Standard: Gathering Information to Support Normative Experiences,14 to engage the parent/guardian and to learn about the child when they meet with the parent to gather information for the FASP.

  • The Generator shall promptly take all reasonable steps, acting to a Reasonable and Prudent Standard, to minimise any costs and lost revenues, and to maximise any cost savings and increased revenues, in each case arising from a Qualifying Change in Law (including by recommencing generation as soon as reasonably practicable) provided that this obligation to mitigate shall not be construed as relieving the Generator from complying in full with the Qualifying Change in Law.

  • If unable to do PFT’s, then no active lung disease by CXR and/or O2 Sat ≥90% on room air.

  • Reasonable and Prudent Standard If EPA is implementing the provisions of the herbicide strategy or other ESA-related proposals under ESA itself, that carries other legal requirements we feel it is imperative the agency consider as it is seeking to implement these strategies and pilots.

  • No. OCD 2021-24 (Reposting) Proponent: Submitted by : (Printed Name & Signature)Designation : Date : Note:• This statement shall be supported by any of the following:1.

Related to Reasonable and Prudent Standard

  • Reasonable and prudent parent standard means the

  • Prudent Operating Practice means in relation to either Party, standards of practice obtained by exercising that degree of skill, diligence, prudence and foresight which could reasonably be expected from a skilled and experienced person engaged in the same type of undertaking under the same or similar circumstances.

  • Prudent Industry Practices means, at a particular time, any of the practices, methods and acts which, in the exercise of reasonable judgment, will result in the proper operation and maintenance of the assets owned by a Party or its Affiliates and shall include, without limitation, the practices, methods and acts engaged in or approved by a significant portion of the industry at such time with respect to the assets of the same or similar types as the assets owned by such Party or its Affiliates. Prudent Industry Practices are not intended to be limited to optimum practices, methods or acts, to the exclusion of all others, but rather represent a spectrum of possible practices, methods and acts which could have been expected to accomplish the desired result at a commercially reasonable cost in a reliable, safe and timely fashion, in compliance with the applicable limited partnership agreement and limited liability company agreement and in accordance with all applicable laws. Prudent Industry Practices are intended to entail the same standards as the Parties would, in the prudent management of their own properties, use from time to time.

  • Good Industry Practice means standards, practices, methods and procedures conforming to the Law and the degree of skill and care, diligence, prudence and foresight which would reasonably and ordinarily be expected from a skilled and experienced person or body engaged in a similar type of undertaking under the same or similar circumstances.

  • Reasonable cost means a cost for a service or item that is consistent with the market standards for comparable services or items.

  • Accepted Servicing Practices With respect to any Mortgage Loan, those mortgage servicing practices of prudent mortgage lending institutions which service mortgage loans of the same type as such Mortgage Loan in the jurisdiction where the related Mortgaged Property is located.