Generally Accepted Practices definition

Generally Accepted Practices refer to the levels of accuracy, quality, care, prudence, complete- ness, timeliness, responsiveness, resource efficiency, productivity, and proactive monitoring of ser- vice performance that are at least equal to the then-current accepted industry standards of first-tier providers of the tasks contemplated in Performance of the Agreement.
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Generally Accepted Practices. Generally accepted practices applicable to the Services and in the industry in which Provider operates.
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Generally Accepted Practices. Section severed to protect the business interests of a third party, per s. 18.1 of The Freedom of Information and Protection of Privacy Act.
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Examples of Generally Accepted Practices in a sentence

  • The tenant will be responsible for following the Michigan Right to Farm Generally Accepted Practices while engaged in crop production on this parcel.

  • The duration of the suspension will take into consideration the severity and nature of the misconduct.

  • All connections to, and replacement of existing facilities shall be accomplished utilizing American or Canadian made products which are in accordance with these specifications or represent applications of said BMP’s or Generally Accepted Practices.

  • Classroom management principles and Generally Accepted Practices of Education; b.

  • Railroad shall perform the Reconstruction in accordance with Generally Accepted Practices.

  • He is Associate Director of the Annenberg School’s Strategic Communication and Public Relations Center, and primary investigator of the Generally Accepted Practices for Public Relations study.

  • It is not clear whether the new Generally Accepted Practices and Principles (GAPP) for sovereign wealth funds will result in this kind of shift.• Both the set of countries with sovereign funds and the investment styles of sovereign wealth funds are evolving rapidly.

  • To the same effect is e-Commerce and Online Gaming Regulation and Assurance(eCOGRA) Generally Accepted Practices (eGAP) 1 (Responsible Gambling): “Seal holders are committed to promoting socially responsible gambling, and working with players, employees and relevant industry stakeholders to help combat problem gambling.

  • The data tested on the DB2 database appropriately meets requirements for integrity by having the individual transactions being atomic, consistent, isolated and durable as defined in the following table: Generally Accepted Practices Durable - A transaction’s effects should be permanent after it commits.

  • The parties expressly acknowledge and, to the extent allowed by law, hereby opt out of any provision of federal or state statute not in agreement with this paragraph.


More Definitions of Generally Accepted Practices

Generally Accepted Practices means the generally accepted practices, methods and acts which at the time such practice, method or act is employed, and in the exercise of reasonable judgment in light of the facts known at such time, would be expected to accomplish the desired result in a workmanlike manner;
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Generally Accepted Practices means those practices used by shall refer to the levels of accuracy, quality, care, prudence, completeness, timeliness, responsiveness, resource effi- ciency, productivity, and proactive monitoring of service performance that are at least equal to the then-current accepted industry standards of first-tier providers of the tasks contemplated in Performance of the Agreement.
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Generally Accepted Practices means the generally accepted practices, methods and acts which at the time such practice,
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Generally Accepted Practices means those practices, methods, standards and acts approved or engaged in by a substantial portion of Persons engaged in the construction, operation and maintenance of sole-supplier electrical generating facilities of a comparable nature, use and size as the Facilities, which, in the exercise of reasonable judgment in light of the facts known at the time a decision was made, would have been expected to accomplish the desired result under the circumstances with efficiency and dependability in accordance with Applicable Law, safety and environmental protection; provided, however, that, for a period of five (5) years from December 26, 1994, PJP shall be presumed to have follxxxx Xxxxxxxxx Xxxxxxxx Xractices to the extent that it engages in any practices, methods, standards and acts engaged in by PTFI in the ownership, operation and maintenance of the Existing Facilities prior to December 26, 1994 (except to the extent PJP has actual knowledge that any such practices, standards, methods or acts would not otherwise constitute Generally Accepted Practices).
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Generally Accepted Practices means the generally accepted practices, methods and acts which at the time such practice, method or act is employed, and in the exercise of reasonable judgment in light of the
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Generally Accepted Practices means those levels of accuracy, quality, care, prudence, completeness, timeliness, responsiveness, resource efficiency, productivity, and proactive monitoring of service performance that are at least equal to the then-current accepted industry standards generally expected of entities performing services similar to Supplier’s.
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Related to Generally Accepted Practices

  • UK generally accepted accounting principles and practices means the principles and practices prevailing from time to time in the United Kingdom which are generally regarded as permissible or legitimate by the accountancy profession irrespective of the degree of use.

  • Generally accepted standards of medical practice means standards that are based upon: credible scientific evidence published in peer-reviewed medical literature and generally recognized by the relevant medical community; physician and health care provider specialty society recommendations; the views of physicians and health care providers practicing in relevant clinical areas and any other relevant factor as determined by statute(s) and/or regulation(s).

  • Generally Accepted Accounting Principles means the standards for accounting and preparation of financial statements established by the Federal Accounting Standards Advisory Board (or its successor agency) or any successor standards adopted pursuant to relevant SEC rule.

  • Generally accepted auditing standards means Canadian Generally Accepted Auditing Standards as adopted by the Canadian Institute of Chartered Accountants applicable as of the date on which such record is kept or required to be kept in accordance with such standards.

  • 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.

  • Generally Applicable Law means the federal law of the United States of America, and the law of the State of New York (including the rules or regulations promulgated thereunder or pursuant thereto), that a New York lawyer exercising customary professional diligence would reasonably be expected to recognize as being applicable to the Republic and the Bank, the Opinion Documents or the transactions governed by the Opinion Documents. Without limiting the generality of the foregoing definition of Generally Applicable Law, the term “Generally Applicable Law” does not include any law, rule or regulation that is applicable to the Republic and the Bank, the Opinion Documents or such transactions solely because such law, rule or regulation is part of a regulatory regime applicable to any party to any of the Opinion Documents or any of its affiliates due to the specific assets or business of such party or such affiliate. Based upon the foregoing and upon such other investigation as we have deemed necessary and subject to the qualifications set forth below, we are of the opinion that:

  • standards of generally recognised accounting practice means an accounting practice complying with standards applicable to municipalities or municipal entities as determined by the Accounting Standards Board

  • 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.

  • 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.

  • Practices means that the practice(s) seems like a logical approach to addressing a specific behavior which is becoming distinct, recognizable among Clients and clinicians in practice, or innovators in academia or policy makers; and at least one recognized expert, group of researchers or other credible individuals have endorsed the practice as worthy of attention based on outcomes; and finally, it produces specific outcomes.

  • Prohibited Practices means the prohibited practices set forth in paragraph 4 of the Policy on Prohibited Practices;

  • Generally applicable environmental radiation standards means standards issued by the U.S. Environmental Protection Agency (EPA) under the authority of the Atomic Energy Act of 1954, as amended, that impose limits on radiation exposures or levels, or concentrations or quantities of radioactive material, in the general environment outside the boundaries of locations under the control of persons possessing or using radioactive material.

  • Group practice means a group of two or more health care providers legally organized as a partnership, professional corporation, or similar association:

  • Agreement Accounting Principles means generally accepted accounting principles as in effect from time to time, applied in a manner consistent with those used in preparing the financial statements referred to in Section 5.5.

  • Current Good Manufacturing Practices or “cGMP” means applicable Good Manufacturing Practices as specified in the United States Code of Federal Regulations and/or the EU Good Manufacturing Guidelines, and any successor legislation from time to time, prevailing at the time of the manufacture of the Product.

  • ISO-NE Practices means the ISO-NE practices and procedures for delivery and transmission of energy in effect from time to time and shall include, without limitation, applicable requirements of the NEPOOL Agreement, and any applicable successor practices and procedures.

  • Active practice means post-licensure practice at the level of licensure for which an applicant is seeking licensure in Virginia and shall include at least 360 hours of practice in a 12-month period.

  • 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.

  • Good Laboratory Practices or “GLP” means the then-current good laboratory practice standards promulgated or endorsed by the FDA, as defined in U.S. 21 C.F.R. Part 58 (or such other comparable regulatory standards in jurisdictions outside the United States, as they may be updated from time to time).

  • Good Manufacturing Practices or “GMP” shall mean the then current Good Manufacturing Practices as such term is defined from time to time by the FDA or other relevant Governmental Authority having jurisdiction over the development, manufacture or sale of the Product in the Territory pursuant to its regulations, guidelines or otherwise.

  • Unsafe or unsound practice means a practice or conduct by a

  • Prudent Industry Practice means such practices, methods, acts, techniques, and standards as are in effect at the time in question that are consistent with (a) the standards generally followed by the United States pipeline and terminalling industries or (b) such higher standards as may be applied or followed by the Xxxxx Entities in the performance of similar tasks or projects, or by the Partnership Entities in the performance of similar tasks or projects.

  • Applicable Accounting Principles means, with respect to the Borrower, those accounting principles required by the ICA and prescribed by the SEC for the Borrower and, to the extent not so required or prescribed, GAAP.

  • Good Practice means such practice in the processing of personal data as appears to the Commissioner to be desirable having regard to the interests of data subjects and others, and includes (but is not limited to) compliance with the requirements of this Act;

  • 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.

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