Examples of Prudent Industry Practices in a sentence
Seller covenants and agrees that all Persons who will perform or be in charge of professional design and engineering services in completing the Project shall have experience with the type of project being undertaken and shall be duly licensed (to the extent licensing is required pursuant to applicable Laws or Prudent Industry Practices).
Seller hereby covenants and agrees to use Commercially Reasonable Efforts to achieve Project Final Completion in accordance with the Scope of Work, the Final Drawings & Specifications, the Material Project Contracts, Laws, Prudent Industry Practices, and all other applicable terms and provisions of this Agreement (collectively, the “Requirements”).
Similarly, all Work shall be undertaken and performed by qualified and licensed construction contractors, vendors and suppliers (to the extent such licensing is required pursuant to applicable Laws or Prudent Industry Practices).
The Borrower shall construct and complete the Project, and cause the Project to be constructed and completed consistent with Prudent Industry Practices.