Prudent Operation Sample Clauses
The Prudent Operation clause requires parties, typically in an energy or infrastructure context, to operate and maintain equipment or facilities in a manner consistent with good industry practices. This means that operators must act with the level of care, skill, and diligence that would reasonably be expected from a competent operator under similar circumstances, such as performing regular maintenance, adhering to safety standards, and responding appropriately to emergencies. The core function of this clause is to set a clear standard of operational conduct, thereby minimizing risks of negligence, ensuring safety, and promoting reliability in operations.
Prudent Operation. After Competition Day, in order to amortize non-securitized stranded costs as quickly as possible, PSNH retains the obligation of prudent operation of its units and the prudent marketing of power from those units and any other power obligations it still retains in a manner designed to optimize net revenues. Said obligation remains until each asset or obligation is sold, pursuant to the auctions or sale mechanisms described above. Prudence is to be determined under the standards contained in New Hampshire law pursuant to procedures that the parties will establish in the definitive agreement.
Prudent Operation. AUTHORITY hereby covenants to manage the Airport System in a prudent and reasonable manner.
Prudent Operation. Buyer shall operate the System in a sound and prudent manner, in accordance with the operation manuals prepared by Seller and any other rules reasonably promulgated by Seller from time to time, provided, however, that such rules do not unduly interfere with the Buyer's use of the System or appreciably increase Buyer's operating costs with respect hereto.
Prudent Operation. It is the intent of the Parties that the New Common Facilities will be operated within the parameters recommended by the manufacturers of the New Common Facilities in order to maximize the useful life of the New Common Facilities and preserve their ability to operate reliably and to support the operation of Unit 1 and Unit 2. Notwithstanding the foregoing, the Operating Agent shall be permitted to operate the Common Facilities in a manner consistent with the needs of the rest of the Elm Road Generating Station and the Oak Creek Power Plant.