Reasonableness Standard Clause Samples
The Reasonableness Standard clause establishes that actions, decisions, or obligations under the contract must be judged according to what a reasonable person would consider appropriate in similar circumstances. In practice, this means that parties are expected to act fairly and sensibly, and their conduct will be evaluated based on common sense and industry norms rather than strict or arbitrary measures. This clause helps prevent unreasonable demands or interpretations, ensuring that expectations remain practical and disputes are resolved with reference to generally accepted standards.
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Reasonableness Standard. All determinations, consents, reviews and approvals to be granted and conducted by the Parties under this Agreement and any other acts calling for the exercise of discretion shall be performed in good faith and, unless otherwise so specified, under a standard of reasonableness that is consistent with normal industry practices for the type of work involved. Where time periods are not specified, a reasonable period of time shall be allowed.
Reasonableness Standard. Owner and Holder shall act in good faith, shall follow a reasonableness standard, and shall use their best efforts to make any determinations that are necessary or are contemplated to be made by them (either separately or jointly) under this Easement in a timely manner, and shall cooperate with one another and shall take all other reasonable action suitable to that end.
Reasonableness Standard. If and when in this Agreement any party is required to exercise any discretion in a "reasonable" manner, the parties hereto acknowledge that the term "reasonable" or "reasonably" shall have the meaning given to such term under (and shall be consistent with any standard of commercial reasonableness implied by) the laws of the State of Texas in effect as of the date hereof.
Reasonableness Standard. No consents or approvals, whether required or permitted to be given pursuant to this Use Permit, by either NASA or SFA shall be unreasonably withheld.
Reasonableness Standard. Except where a different standard is specifically provided otherwise herein (e.g. Section 2.2, Section 11.6, subsections 5.8.3.8, 5.8.5, 11.4.3 and 12.1.2), whenever the consent of County or Concessionaire is required under this Agreement, such consent shall not be unreasonably withheld and whenever this Agreement grants County or Concessionaire the right to take action, exercise discretion, establish rules and regulations or make allocations or other determinations, County and Concessionaire shall act reasonably and in good faith. These provisions shall only apply to County acting in its proprietary capacity.
Reasonableness Standard. The determination of RTB shall be assessed in a commercially reasonable manner and consistent with common contractual practices for development milestones in joint venture and project finance arrangements, recognizing that certain ancillary or non-determinative procedures or informalities should not defeat a bona fide RTB determination.
Reasonableness Standard. Except as otherwise provided herein, whenever Lender's consent or approval is required in this Agreement, such consent or approval shall not be unreasonably withheld or delayed.
Reasonableness Standard. Except as expressly stated herein, whenever any provision of this Lease requires that the consent or approval of one party be obtained prior to the taking of any action by or on behalf of the other party, then such consent or approval by the party required to give same shall not be unreasonably withheld or delayed. Further, it shall be deemed, prima facie, unreasonable for one party to condition its consent or approval upon the agreement of the other party to increase the economic benefits to which the party whose consent is required would otherwise be entitled.
Reasonableness Standard. The reference to Evergreen’s “sole judgment” in Schedule 3 shall be replaced with Evergreen’s “reasonable judgment”.
b. The first two sentences of Section 8(c) are hereby deleted and replaced by the following: “The limitations in Schedule 3 regarding transportation costs for return of modules and costs associated with the installation, removal, or reinstallation of PV Modules shall remain in effect except in the event of a Pervasive and Systemic Failure. In the event of a Pervasive and Systemic Failure in the PV Module(s), the following shall apply:”
c. All references in Section 8(c) of the Original Supply Agreement to “Section 8(e)” shall be replaced with “Section 8(c).”
d. Section 8 of the Original Supply Agreement shall remain unaffected except as set forth in Section 1 of this Amendment.
Reasonableness Standard. Except as otherwise provided herein, whenever either Party's consent or approval is required in this Agreement, such consent or approval shall not be unreasonably withheld or delayed.