Reasonable Belief Sample Clauses
The Reasonable Belief clause defines the standard by which a party's actions or decisions are judged, requiring that they be based on what a reasonable person would believe under similar circumstances. In practice, this means that if a party takes action—such as reporting a breach or withholding payment—they must have a justifiable and objective basis for their belief, rather than acting on mere suspicion or unfounded assumptions. This clause helps ensure fairness and objectivity in the interpretation of contractual obligations, reducing the risk of arbitrary or bad-faith actions.
Reasonable Belief. The term ‘‘qualified purchaser’’ as used in sec- tion 3(c)(7) of the Act [15 U.S.C. 80a– 3(c)(7)] means any person that meets the definition of qualified purchaser in section 2(a)(51)(A) of the Act [15 U.S.C. 80a–2(a)(51)(A)]) and the rules there- under, or that a Relying Person reason- ably believes meets such definition. [62 FR 17526, Apr. 9, 1997]
Reasonable Belief. The employee reasonably believes that the examination may result in disciplinary action against the employee; and
Reasonable Belief. The term ‘‘qualified purchaser’’ as used in sec- tion 3(c)(7) of the Act [15 U.S.C. 80a– 3(c)(7)] means any person that meets the definition of qualified purchaser in section 2(a)(51)(A) of the Act [15 U.S.C. 80a–2(a)(51)(A)]) and the rules there- under, or that a Relying Person reason- ably believes meets such definition. [62 FR 17526, Apr. 9, 1997]
(a) Beneficial o nership: General. Ex- cept as set forth in this section, for purposes of sections 2(a)(51)(C) and 3(c)(7)(B)(ii) of the Act [15 U.S.C. 80a– 2(a)(51)(C) and –3(c)(7)(B)(ii)], the bene- ficial owners of securities of an ex- cepted investment company (as defined in section 2(a)(51)(C) of the Act [15 U.S.C. 80a–2(a)(51)(C)]) shall be deter- mined in accordance with section 3(c)(1) of the Act [15 U.S.C. 80a–3(c)(1)].
(b) Beneficial o nership: Grandfather provision. For purposes of section 3(c)(7)(B)(ii) of the Act [15 U.S.C. 80a– 3(c)(7)(B)(ii)], securities of an issuer beneficially owned by a company (without giving effect to section 3(c)(1)(A) of the Act [15 U.S.C. 80a– 3(c)(1)(A)]) (‘‘owning company’’) shall be deemed to be beneficially owned by one person unless:
(1) The owning company is an invest- ment company or an excepted invest- ment company;
(2) The owning company, directly or indirectly, controls, is controlled by, or is under common control with, the issuer; and
(3) On October 11, 1996, under section 3(c)(1)(A) of the Act as then in effect, the voting securities of the issuer were deemed to be beneficially owned by the holders of the owning company’s out- standing securities (other than short- term paper), in which case, such hold- ers shall be deemed to be beneficial owners of the issuer’s outstanding vot- ing securities.
(c) Beneficial o nership: Consent provi- sion. For purposes of section 2(a)(51)(C) of the Act [15 U.S.C. 80a–2(a)(51)(C)], se- curities of an excepted investment company beneficially owned by a com- pany (without giving effect to section 3(c)(1)(A) of the Act [15 U.S.C. 80a– 3(c)(1)(A)]) (‘‘owning company’’) shall be deemed to be beneficially owned by one person unless:
(1) The owning company is an ex- cepted investment company;
(2) The owning company directly or indirectly controls, is controlled by, or is under common control with, the ex- cepted investment company or the
Reasonable Belief. The facts or circumstances the Officer knows, or should know, are such as to cause an ordinary and prudent Officer to act or think in a simi- lar way under similar circumstances. {1.3.2}