Reasonable Interpretation Sample Clauses
Reasonable Interpretation. The obligations of MSRC and Covered Entity under this Section 3.06 are not intended to hold the parties to a standard that would be unreasonable under the actual conditions of a particular Discharge or threat of Discharge and the inherent difficulties and danger of emergency response. All MSRC and Covered Entity actions carried out consistently with the directions of the FOSC or SOSC, or with approval of applicable safety officials, will be deemed to be in compliance with this Section 3.06.
Reasonable Interpretation. BY HOLDER. Holder shall have the right disburse all or any portion of the ▇▇▇▇▇▇▇ Money upon a reasonable interpretation of this Agreement by the Holder. Prior to disbursing ▇▇▇▇▇▇▇ Money pursuant to a reasonable interpretation of this agreement, holder shall give all parties fifteen days notice, stating to whom the disbursement will be made. Any party may object in writing to the disbursement, provided the objection is received by Holder prior to the end of the fifteen-day notice period. All objections not raised in a timely manner shall be waived. In the event a timely objection is made, Holder shall consider the objection and shall do any or a combination of the following: (i) hold the ▇▇▇▇▇▇▇ Money for a reasonable period of time to give the parties the opportunity to resolve the dispute; (ii) disburse the ▇▇▇▇▇▇▇ Money and so notify all parties; and/ or (iii) interplead the ▇▇▇▇▇▇▇ Money into a court of competent jurisdiction. Holder shall be reimbursed for and may deduct from any funds interpleaded its costs and expenses, including reasonable attorney's fees. The prevailing party in the interpleader action shall be entitled to collect form the other party the costs and expenses reimbursed to Holder, and upon payment of such funds into the court registry, Holder shall be released from all further liability in connection with the funds delivered.
Reasonable Interpretation. The obligations of MSRC and the COMPANY under this Section
Reasonable Interpretation. Each of the Parties acknowledges that this Agreement has been negotiated at arm’s length among persons knowledgeable in the matters herein. Accordingly, any rule of law—including without limitation California Civil Code § 1654, or any other statutes, legal decisions, or common law principles of similar effect—that would require interpretation of any ambiguities in this Agreement against the Party that has drafted it, is of no application and hereby is expressly waived. This Agreement and its provisions shall be interpreted in a reasonable manner to effect the Parties’ intentions.