Reasonable Prudent Operator definition

Reasonable Prudent Operator means a person exercising that degree of skill, diligence, prudence and foresight, which would reasonably, ordinarily and with the application of professional scepticism, be expected from a skilled and experienced GCC Project Auditor or GCC Emission Reduction Auditor in respect of the GCC Verifier or emission reduction project operator in respect of a Project Owner which complies with the Procedure for Approval of GCC Verifiers and other applicable GCC Rules and all applicable laws and otherwise acts reasonably and in accordance with industry standards;
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Reasonable Prudent Operator means (a) in the case of the Service Provider, a person exercising that degree of skill, diligence, prudence and foresight which would reasonably and ordinarily be expected from a skilled and experienced Validation/Verification Body which complies with its terms of accreditation under the relevant SOCIALCARBON Standard Rules and all applicable laws and otherwise acts reasonably and in accordance with industry standards; and (b) in the case of Social Carbon Foundation, a person acting in good faith and exercising that degree of skill, diligence, prudence and foresight which would reasonably and ordinarily be expected from a skilled and experienced person operating in, and engaged in the same type of undertaking under, the same or similar circumstances and conditions.
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Examples of Reasonable Prudent Operator in a sentence

  • The Board or NGGMS, as the case maybe, in consultation with the Transporter, acting as Reasonable Prudent Operator (RPO), shall take pertinent steps to restore transportation of Gas and normal operation of the Transporter Facilities with reasonable diligence and efforts considering the most appropriate and predictable outcome, after an Emergency.

  • The Affected Party could not have prevented the event by acting as a Reasonable Prudent Operator and using Good Engineering and Operating Practices.

  • It is not suggested that the Tribunal did not have in mind CMJ’s argument that CML had a separate and independent duty to drill for additional gas, as the Tribunal specifically referred to it at para 491 of the Award:69According to [CMJ], [CML] had the obligation to appraise and develop Additional Gas in accordance their duties as a Reasonable Prudent Operator, under the rolling development strategy, and under the 15 July 2011 Letter …[emphasis added] 69 Mr Yuen’s 1st Affidavit at p 190.

Related to Reasonable Prudent Operator

  • 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.

  • Prudent Operating Practice means the mining practices, methods and acts that would be employed by a prudent mining operator having assets and operations similar in type, size, location and scope to Borrower, using modern mining equipment and techniques in the conduct of diligent and safe mining operations in an attempt to recover the maximum amount of economically mineable and merchantable coal from the Mining Facilities with due regard for all Applicable Law, all in accordance and compliance with Environmental or Mining Permits held by Borrower.

  • Operator means the operator of an internet website, online service, online application, or mobile application with actual knowledge that the site, service, or application is used for K–12 school purposes. Any entity that operates an internet website, online service, online application, or mobile application that has entered into a signed, written agreement with an LEA to provide a service to that LEA shall be considered an “operator” for the purposes of this section.

  • Account Operator means a bank or other party duly authorised to operate as an account operator pursuant to the Financial Instruments Accounts Act and through which a Bondholder has opened a Securities Account in respect of its Bonds.

  • undesirable practice means (i) establishing contact with any person connected with or employed or engaged by the Authority with the objective of canvassing, lobbying or in any manner influencing or attempting to influence the Bidding Process; or (ii) having a Conflict of Interest; and

  • 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.

  • Joint Operating Agreement (JOA) means the operating and participating agreement between the Parties constituting the Contractor that governs their operational activities, obligations and responsibilities under this Contract,

  • Multimodal transport operator means the person on whose behalf the bill of lading/multimodal transport document, or any other document evidencing a contract of multimodal carriage of goods, is issued and who is responsible for the carriage of goods pursuant to the contract of carriage.

  • economic operator means any natural or legal person or public entity or group of such persons and/or entities which offers the execution of works and/or a work, the supply of products or the provision of services on the market;