STANDARD INDUSTRY PRACTICES definition

STANDARD INDUSTRY PRACTICES means such due diligence, collateral control and collection procedures that are customarily followed by Persons actively engaged in the business of acquiring distressed assets in a bulk transaction and managing and disposing of such assets, provided such due diligence and collateral control and collection procedures shall be at least as rigorous as Borrower and the REO Affiliates apply in managing and disposing of their assets.
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STANDARD INDUSTRY PRACTICES means such collateral control, servicing and collection procedures that are customarily followed by Persons actively engaged in the business of acquiring distressed assets in a bulk transaction and managing and disposing of such assets, provided such collateral control, servicing and collection procedures shall be at least as rigorous as the Servicer, the Company, and the Realty Companies apply in managing, servicing and disposing of their own assets.
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STANDARD INDUSTRY PRACTICES means at the reference time, the recognized methods and practices in open cast mining that would reasonably be expected
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More Definitions of STANDARD INDUSTRY PRACTICES

STANDARD INDUSTRY PRACTICES means such due diligence, collateral
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STANDARD INDUSTRY PRACTICES means such collateral control, servicing
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STANDARD INDUSTRY PRACTICES means at the reference time, the recognized methods and practices in open cast mining that would reasonably be expected from experienced and competent Mine Operator under conditions comparable to those applicable to the Site;
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STANDARD INDUSTRY PRACTICES means those methods, techniques, standards, and practices which, at the time they are employed and in light of the circumstances known or believed to exist at the time, are generally accepted as showing skill and good judgment in the wastewater industry as practiced in the Eastern United States for facilities of a similar nature and in a similar location as the System and Acquired Assets. Standard Industry Practices is not necessarily defined as optimal methods, techniques, standards and practices to the exclusion of others, but rather refer to a range of methods, techniques, standards and practices that are reasonable under the circumstances. At a minimum, Standard Industry Practices shall include those requirements set forth in this Agreement, the rules and regulations promulgated by the AUTHORITY, the water and wastewater ordinances, practices and procedures of the TOWNSHIP and applicable law (including the rules and regulations of the EPA and/or the PaDEP.
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Related to STANDARD INDUSTRY PRACTICES

  • Good Industry Practices means the practices that would be adopted by, and the exercise of that degree of care, skill, diligence, prudence and foresight that reasonably would be expected from, a competent contractor in the international oil and gas industry experienced in performing work similar in nature, size, scope and complexity to the Work and under conditions comparable to those applicable to the Work, where such work is subject to, and such contractor is seeking to comply with, the standards and codes specified in the Contract or (to the extent that they are not so specified) such national or international standards and codes as are most applicable in the circumstances, and the applicable Law.

  • Prudent Industry Practices means, at a particular time, any of the practices, methods, standards of care, skill, safety and diligence, as the same may change from time to time, but applied in light of the facts known at the time, that are consistent with the general standards applied or utilized under comparable circumstances by a reasonably prudent operator, in a good and workmanlike manner, with due diligence and dispatch, in accordance with good midstream industry practice.

  • Good Industry Practice means standards, practices, methods and procedures conforming to the Law and the exercise of 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 within the relevant industry or business sector;

  • Best Industry Practice means that degree of skill, care and foresight and operating practice that would reasonably and ordinarily be expected of a skilled and competent supplier of services engaged in the same type of undertaking as that of the Recipient or any contractors (as applicable) under the same or similar circumstances as those contemplated by this Agreement.

  • Good Utility Practices mean any of the practices, methods or acts engaged in or approved by a significant portion of the electric energy industry with respect to similar facilities during the relevant time period which in each case, 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, could have been expected to accomplish the desired result at reasonable cost consistent with good business practices, reliability, safety, law, regulation, environmental protection and expedition. Good Utility Practices are not intended to be limited to the optimum practices, methods or acts to the exclusion of all others, but rather to delineate the acceptable practices, methods or acts generally accepted in such industry.