Common use of Reasonable and Prudent Operator Clause in Contracts

Reasonable and Prudent Operator. A Person using reasonable efforts to perform its obligations under this Agreement exercising the degree of skill, diligence, prudence and foresight that would reasonably and ordinarily be expected from a skilled and experienced operator complying with all Applicable Laws and engaged in the same type of undertaking under the same or similar circumstances.

Appears in 16 contracts

Samples: And Storage Agreement (Oasis Midstream Partners LP), Gathering and Disposal Agreement (Oasis Midstream Partners LP), Gathering and Storage Agreement (Oasis Midstream Partners LP)

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Reasonable and Prudent Operator. A a Person using reasonable efforts seeking in good faith to perform its obligations under this Agreement contractual obligations, and in so doing, and in the general conduct of its undertaking, exercising the that degree of skill, diligence, prudence and foresight that which would reasonably and ordinarily be expected from a skilled and experienced operator operator, complying with all Applicable Laws applicable International Standards and practices and regulations and approvals of Governmental Authorities, engaged in the same type of undertaking under the same or similar circumstances.circumstances and conditions;

Appears in 5 contracts

Samples: LNG Sale and Purchase Agreement (Tellurian Inc. /De/), LNG Sale and Purchase Agreement (Tellurian Inc. /De/), LNG Sale and Purchase Agreement (Tellurian Inc. /De/)

Reasonable and Prudent Operator. A Person using reasonable efforts a person seeking in good faith to perform its contractual obligations under this Agreement and in so doing and in the general conduct of its business exercising the that degree of skill, diligence, prudence and foresight that which would reasonably and ordinarily be expected from a skilled and experienced operator complying with all Applicable Laws and engaged engaging in the same type of undertaking under electricity generation and/or transmission business in the same or similar circumstances.circumstances and conditions,

Appears in 2 contracts

Samples: Standardized Power Purchase Agreement, Standardized Power Purchase Agreement

Reasonable and Prudent Operator. A a Person using reasonable efforts seeking in good faith to perform its obligations under this Agreement contractual obligations, and in so doing, and in the general conduct of its undertaking, exercising the that degree of skill, diligence, prudence and foresight that which would reasonably and ordinarily be expected from a skilled and experienced operator operator, complying with all Applicable Laws applicable International Standards and practices and regulations and approvals of Governmental Authorities, engaged in the same type of undertaking under the same or similar circumstances.circumstances and conditions; Required Modification: as defined in Section 7.3.2;

Appears in 1 contract

Samples: LNG Sale and Purchase Agreement (Tellurian Inc. /De/)

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Reasonable and Prudent Operator. A a Person using reasonable efforts seeking in good faith to perform its obligations under this Agreement contractual obligations, and in so doing, and in the general conduct of its undertaking, exercising the that degree of skill, diligence, prudence and foresight that which would reasonably and ordinarily be expected from a skilled and experienced operator Person, complying with Applicable Law, all Applicable Laws applicable International Standards and practices and regulations and Approvals of Governmental Authorities, engaged in the same type of undertaking under the same or similar circumstances.circumstances and conditions; Recipient: as defined in Section 12.5;

Appears in 1 contract

Samples: LNG Fuel Supply Agreement (Hawaiian Electric Co Inc)

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