Due Care definition

Due Care means at least the same level of care that a Buyer would use to protect the confidentiality of its own sensitive or proprietary information, and this obligation shall survive termination of this Agreement.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Due Care means to act in good faith, within the scope of one’s authority, with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent real estate professional experienced in such matters would use in the conduct of the development of an industrial/warehouse building of the type and quality envisioned in the Approved Plans.

Due Care means to act in good faith, in the best interests of the Company, within the scope of one’s authority, with the care, skill and diligence (including diligent inquiry) under the circumstances then prevailing that a prudent real estate professional experienced in such matters would use and otherwise in accordance and compliance with the standards set forth in California Education Code Sections 22250 through 22257.

Examples of Due Care in a sentence

The standard of Due Care shall apply to all duties, obligations, liabilities, powers and authority of the General Partner.
The express reference in any provision of this Agreement to the standard of Due Care shall not be construed to mean that the standard of Due Care does not apply to any and all other duties, obligations, liabilities, powers and authority of the General Partner.
The General Partner shall cause the Investment Entities to be covered by such property, casualty, general liability and environmental insurance in connection with the business or activities of the Partnership hereunder and the Investment Entities exercising Due Care.
A/E Backcharge The charge assessed to an A/E by the Authority for reimbursement of added Contract costs or credits to earned fees due to the A/E’s errors or omissions that are beyond the Due Care.
The term "force majeure" means an occurrence that is beyond the control of the party affected and could not have been avoided by exercising Due Care.

Due Care here means “due care of a prudent manager” as stipulated by Article 400 of the Civil Code.

Due Care means the degree of care and skill demonstrated by banks acting in like capacity.

Due Care means the degree of care that a reasonable person would exercise to avoid any violation of the law or harm reasonably foreseeable if such care is not taken.

Due Care means the degree of care and diligence required of a trustee-manager of a business trust registered under the Business Trusts Act;

Due Care means the degree of care and skill demonstrated by agents acting in like capacity as a safekeeping custodian. The Bank shall not be responsible for the title, validity, or genuineness, including good deliverable form, of any property or evidence of title thereto received by it or delivered by it pursuant to this Agreement. The Bank may at its discretion appoint and remove agents or Subcustodians to carry out such of the provisions of this Agreement as the Bank may from time to time direct; provided, however, that such appointment shall not relieve the Bank of its responsibilities or liabilities under this Agreement, and provided further that any depository selected with Due Care by the Bank shall not be deemed for purposes of this Agreement an agent or Subcustodian of the Bank.

Due Care means, except as expressly permitted in this Agreement or in any Affiliate Agreement to the contrary:

Due Care means the same level of care that a Wellington Member would use to protect the confidentiality of sensitive or proprietary information regarding its other investments that are subject to similar confidentiality agreements. Any material to be provided to the Wellington Observer shall be sent solely to the address and department listed next to the signatures of the Wellington Purchasers, and such material shall not be sent to any other Person on behalf of the Wellington Observer without the prior written consent of a member of such department. If any of such material contains material, non-public information (under applicable securities laws) about any other entity with publicly traded securities, the Company shall identify such information as such.