Common use of Standard for Performance Clause in Contracts

Standard for Performance. TIG shall use commercially reasonable efforts to perform each of its obligations under this Agreement. Notwithstanding the foregoing, the parties acknowledge that TIG possesses special expertise in the acquisition and management of timberland investments and agree that, in carrying out its obligations under this Agreement, TIG will adhere to a standard of care that incorporates the knowledge, skill and diligence that a prudent expert in managing timberland investments, familiar with the circumstances then present, would exercise in dealing with the property of another Person; provided, however, that the level of effort that TIG shall be expected or required to apply in the performance of its duties hereunder shall be no greater than the commercially reasonable efforts of a similarly situated provider with the expertise of TIG..