Reasonable Standard Sample Clauses
A Reasonable Standard clause defines the level of care, skill, or diligence that a party is expected to exercise under a contract, typically measured by what an average, prudent person would do in similar circumstances. In practice, this clause applies to obligations such as performance of services, delivery of goods, or decision-making, requiring parties to act in a manner that is considered reasonable by industry norms or general expectations. Its core function is to set a flexible yet objective benchmark for performance, helping to resolve disputes by providing a common-sense standard rather than a strict or absolute requirement.
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Reasonable Standard. Wherever it is specifically provided in this Lease that Landlord’s or Tenant’s consent shall not be unreasonably withheld, Landlord or Tenant, as applicable, must be reasonable in granting its consent and a response to a request for such consent shall not be unreasonably delayed or conditioned. If a request is received in writing by Landlord or Tenant for a consent or approval required under this Lease or for information to which the party making such request shall be entitled, the party receiving such request shall act with reasonable promptness thereon and shall not unreasonably delay notifying the party making such request as to the granting or withholding of such consent or approval or furnishing to such party the information requested. Except where it is specifically provided in this Lease that Landlord’s consent shall not be unreasonably withheld, whenever Landlord’s consent or approval shall be required hereunder for any matter, the decision as to whether or not to consent to or approve the same shall be in the sole discretion of Landlord.
Reasonable Standard. Borrowers hereby agree that the sole remedy of Borrowers based upon any claim that an Indemnified Party has acted unreasonably or that an Indemnified Party has unreasonably withheld or unreasonably delayed any action, in each case, to the extent that such Indemnified Party had an obligation, either at law or pursuant to the Loan Documents, to act reasonably, shall be an action for specific performance, injunctive relief or declaratory judgment. Borrowers hereby further agree that the Indemnified Parties shall not be liable for any monetary damages in respect of any such claim and that Borrowers’ sole remedy in respect of any such claim shall be limited to specific performance, injunctive relief or declaratory judgment.
Reasonable Standard. Whenever Lender is required under this Loan Agreement or any of the Loan Documents to be reasonable or to not unreasonably withhold its approval or consent, such reasonable standard shall be deemed to have been satisfied in the event Lender acts in its good faith judgment.
Reasonable Standard. Borrowers hereby waive any claim that Borrowers may have against any of the Indemnified Parties based upon any assertion that any such Indemnified Party has acted unreasonably or that any such Indemnified Party has unreasonably withheld or unreasonably delayed any action, in each case, to the extent that such Indemnified Party had an obligation, either at law or pursuant to the Loan Documents, to act reasonably. Borrowers hereby agree that the sole remedy of Borrowers based upon any claim that an Indemnified Party has acted unreasonably or that an Indemnified Party has unreasonably withheld or unreasonably delayed any action, in each case, to the extent that such Indemnified Party had an obligation, either at law or pursuant to the Loan Documents, to act reasonably, shall be an action for specific performance, injunctive relief or declaratory judgment. Borrowers hereby further agree that the Indemnified Parties shall not be liable for any monetary damages in respect of any such claim and that Borrowers’ sole remedy in respect of any such claim shall be limited to specific performance, injunctive relief or declaratory judgment.
Reasonable Standard. Each of the rights of Landlord set forth in this Article 14 is a reasonable standard or condition for purposes of California Civil Code, Section 1951.4 relating to Landlord’s remedy after ▇▇▇▇▇▇’s breach and abandonment.