Prudent Plant Operating Standards definition

Prudent Plant Operating Standards has the meaning specified in the Master Operating Agreement.
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Prudent Plant Operating Standards means a spectrum of reasonable practices, methods and acts which (i) are commonly used to operate steam generating or processing and electricity generating equipment and associated facilities safely, reliably and efficiently and in compliance with all applicable Governmental Rules or (ii) in the exercise of reasonable judgment considering the facts known when such practices, methods or acts are engaged in, could have been expected to achieve the desired result safely, reliably and efficiently and having due regard to all applicable Governmental Rules, including, but not limited to, reasonable practices, methods and acts to (a) have available adequate materials and supplies to meet the Cogen Facility's needs under normal conditions and reasonably anticipated abnormal conditions; (b) have available sufficient operating personnel with appropriate experience and training to operate facilities of the type that comprise the Cogen Facility properly and sufficiently and to respond to reasonably anticipated abnormal conditions; (c) perform preventative, routine and non-routine maintenance and repairs appropriate for facilities of the type that comprise the Cogen Facility; (d) perform monitoring and testing appropriate for facilities of the type that comprise the Cogen Facility to ascertain whether the equipment will function as expected under both normal and reasonably anticipated abnormal conditions; and (e) operate equipment with appropriate regard to safety and equipment limitations for facilities of the type that comprise the Cogen Facility.
Sample 1Sample 2
Prudent Plant Operating Standards means a spectrum of reasonable practices, methods and acts which (i) are commonly used to operate steam generating or processing and electricity generating equipment and associated facilities safely, reliably and efficiently and in compliance with all applicable Governmental Rules or (ii) in the exercise of reasonable judgment considering the facts known when such practices, methods or acts are engaged in, could have been expected to achieve the desired result safely, reliably and efficiently and having due regard to all applicable Governmental Rules, including, but not limited to, reasonable practices, methods and acts to (a) have available adequate materials and supplies to meet the Cogen Facility's needs under normal conditions and reasonably anticipated abnormal conditions; (b) have available sufficient operating personnel with appropriate experience and training to operate facilities of the type that comprise the Cogen Facility properly and sufficiently and to respond to reasonably anticipated abnormal conditions; (c) perform preventative, routine and non-routine maintenance and repairs appropriate for facilities of the type that comprise the Cogen Facility; (d) perform monitoring and testing appropriate for facilities of the type that comprise the Cogen Facility to ascertain whether the equipment will function as expected under both normal and reasonably anticipated abnormal conditions; and (e) operate equipment with appropriate regard to safety and equipment limitations for facilities of the type that comprise the Cogen Facility. "Pulp Mill" means the pulp mill on the Site (as defined in the Master Operating Agreement). "Routine Maintenance" means the performance of all routine and preventive maintenance required to be performed periodically to keep the Cogen Facility and its components in good working order, other than maintenance activities performed in connection with Scheduled Outages and Major Maintenance Outages. "Sappi" means S.D. Xxxxxx Alabama, LLC, an Alabama limited liability company. "Scheduled Outage" means the temporary shutdown of any of the major machinery or equipment at the Cogen Facility for the inspection, repair or maintenance thereof (other than Major Maintenance Outages), the timing and duration of which shutdown is indicated in the Operating Plan and Budget. "Services" shall have the meaning given in Section 4.1. "Subcontractor(s)" means those Persons who have a contract with Operator for the performance of any part of the Se...
Sample 1

Examples of Prudent Plant Operating Standards in a sentence

  • Operator shall staff the Cogen Facility 24 hours a day, 365 or 366 days per year, as applicable, and shall use its commercially reasonable efforts to operate the Cogen Facility in accordance with each of the Cogen Facility Contracts, Prudent Plant Operating Standards, Warranties (to the extent consistent with Prudent Plant Operating Standards), operating manuals provided by Owner, all Governmental Rules and Permits applicable to the Cogen Facility, and the Operating Plan and Budget.

Related to Prudent Plant Operating Standards

  • Operating Standards shall have the meaning given such term in Section 2.1.

  • Prudent Operating Practice means the practices, methods and standards of professional care, skill and diligence engaged in or approved by a significant portion of the electric power industry for facilities of similar size, type, and design, that, in the exercise of reasonable judgment, in light of the facts known at the time, would have been expected to accomplish results consistent with Law, reliability, safety, environmental protection, applicable codes, and standards of economy and expedition. Prudent Operating Practices are not necessarily defined as the optimal standard practice method or act to the exclusion of others, but rather refer to a range of actions reasonable under the circumstances.

  • Reasonable and Prudent Operator means a person seeking in good faith to perform its contractual obligations and, in the process of doing so and in the overall conduct of its whole undertaking exercising that degree of diligence, skill, prudence and foresight which can reasonably and ordinarily be expected from a skilled and experienced operator engaged in the same type of undertaking under the same or similar circumstances complying with all applicable Laws, and any reference to the standard of a Reasonable and Prudent Operator means such degree of diligence, skill, prudence and foresight as aforesaid.

  • Petroleum Operations means, as the context may require, Exploration Operations, Development Operations or Production Operations or any combination of two or more of such operations, including construction, operation and maintenance of all necessary facilities, plugging and abandonment of Xxxxx, safety, environmental protection, transportation, storage, sale or disposition of Petroleum to the Delivery Point, Site Restoration and any or all other incidental operations or activities as may be necessary.

  • Joint Operations means those operations and activities carried out by Operator pursuant to this Agreement, the costs of which are chargeable to all Parties.

  • auditing standards means auditing standards as defined in National Instrument 52-107 Acceptable Accounting Principles and Auditing Standards;

  • Standards means the British or international standards, Authority's internal policies and procedures, Government codes of practice and guidance referred to in Framework Schedule 13 (Standards) together with any other specified policies or procedures identified in Framework Schedule 13 (Standards);

  • Reasonable and prudent parent standard means the

  • Approved Petroleum Engineers means (a) Netherland, Xxxxxx & Associates, Inc., (b) Xxxxx Xxxxx Company Petroleum Consultants, L.P. and (c) any other independent petroleum engineers reasonably acceptable to the Administrative Agent.

  • Market Operator means a person or persons who manages and/or operates the business of a regulated market. The market operator may be the regulated market itself;

  • Prudent Industry Practices means, at a particular time, any of the practices, methods and acts which, in the exercise of reasonable judgment, will result in the proper operation and maintenance of the assets owned by a Party or its Affiliates and shall include, without limitation, the practices, methods and acts engaged in or approved by a significant portion of the industry at such time with respect to the assets of the same or similar types as the assets owned by such Party or its Affiliates. Prudent Industry Practices are not intended to be limited to optimum practices, methods or acts, to the exclusion of all others, but rather represent a spectrum of possible practices, methods and acts which could have been expected to accomplish the desired result at a commercially reasonable cost in a reliable, safe and timely fashion, in compliance with the applicable limited partnership agreement and limited liability company agreement and in accordance with all applicable laws. Prudent Industry Practices are intended to entail the same standards as the Parties would, in the prudent management of their own properties, use from time to time.

  • Approved Petroleum Engineer means (a) Netherland, Xxxxxx & Associates, Inc., (b) Xxxxx Xxxxx Company Petroleum Consultants, L.P., (c) Xxxxxxxxxx Petroleum Consultants, Inc., or (d) any reputable firm of independent petroleum engineers selected by the Borrower and reasonably acceptable to the Administrative Agent.

  • Production Operations means all operations conducted for the purpose of producing Petroleum from the Development Area after the commencement of production from the Development Area including the operation and maintenance of all necessary facilities therefor.

  • Project Operational Manual means the Project Operational Manual, to be adopted in accordance with Section 6.01 (a) of this Agreement, giving details of guidelines and procedures agreed with the Association for the implementation, supervision, and monitoring and evaluation, of the Project, and the procurement procedures and guidelines for Sub-Projects, as same may be amended from time to time in agreement with the Association, and such term includes any schedules to the Project Operational Manual;

  • Prudent Industry Practice means such practices, methods, acts, techniques, and standards as are in effect at the time in question that are consistent with (a) the standards generally followed by the United States pipeline and terminalling industries or (b) such higher standards as may be applied or followed by the Xxxxx Entities in the performance of similar tasks or projects, or by the Partnership Entities in the performance of similar tasks or projects.

  • Good Industry Practices means the practices that would be adopted by, and the exercise of that degree of care, skill, diligence, prudence and foresight that reasonably would be expected from, a competent contractor in the international oil and gas industry experienced in performing work similar in nature, size, scope and complexity to the Work and under conditions comparable to those applicable to the Work, where such work is subject to, and such contractor is seeking to comply with, the standards and codes specified in the Contract or (to the extent that they are not so specified) such national or international standards and codes as are most applicable in the circumstances, and the applicable Law.

  • Quality Standards means the quality standards published by BSI British Standards, the National Standards Body of the United Kingdom, the International Organisation for Standardisation or other reputable or equivalent body, (and their successor bodies) that a skilled and experienced operator in the same type of industry or business sector as the Contractor would reasonably and ordinarily be expected to comply with, and as may be further detailed in the Specification.

  • Good Industry Practice means standards, practices, methods and procedures conforming to the Law and the degree of skill and care, diligence, prudence and foresight which would reasonably and ordinarily be expected from a skilled and experienced person or body engaged in a similar type of undertaking under the same or similar circumstances.

  • Operating Plan means a plan adopted or amended under this section for the development, redevelopment, maintenance, operation and promotion of a business improvement district, including all of the following:

  • Pretreatment standards means all applicable Federal rules and regulations implementing Section 307 of the Act, as well as any nonconflicting State or local standards. In cases of conflicting standards or regulations, the more stringent thereof shall be applied.

  • Development Operations means operations conducted in accordance with the Development Plan and shall include, but not be limited to the purchase, shipment or storage of equipment and materials used in developing Petroleum accumulations, the drilling, completion and testing of Development Xxxxx, the drilling and completion of Xxxxx for Gas or water injection, the laying of gathering lines, the installation of offshore platforms and installations, the installation of separators, tankages, pumps, artificial lift and other producing and injection facilities required to produce, process and transport Petroleum into main Oil storage or Gas processing facilities, either onshore or offshore, including the laying of pipelines within or outside the Contract Area, storage at Delivery Point(s), the installation of said storage or Gas processing facilities, the installation of export and loading facilities and other facilities required for the development and production of the said Petroleum accumulations and for the delivery of Crude Oil and/or Gas at the Delivery Point and also including incidental operations not specifically referred to herein but required for the most efficient and economic development and production of the said Petroleum accumulations in accordance with modern oilfield and petroleum industry practices.

  • Good Engineering Practice means, Works carried out in accordance with the following standards/ specifications,

  • Project Operations Manual or “POM” means the Recipient’s manual referred to in Section I.D of Schedule 2 to this Agreement, as such manual may be amended from time to time with the agreement of the Association.

  • Prudent Utility Practices means those practices, methods, techniques and standards, that are generally accepted for use in electric utility industries taking into account conditions in India, and commonly used in prudent electric utility engineering and operations to design, engineer, construct, test, operate and maintain equipment lawfully, safely, efficiently and economically as applicable to power stations of the size, service and type of the Project, and that generally conform to the manufacturers' operation and maintenance guidelines.

  • independent operator means undertakings other than authorised dealers and repairers which are directly or indirectly involved in the repair and maintenance of vehicles, in particular repairers, manufacturers or distributors of repair equipment, tools or spare parts, publishers of technical information, automobile clubs, roadside assistance operators, operators offering inspection and testing services, operators offering training for installers, manufacturers and repairers of equipment for alternative fuel vehicles;

  • Geothermal resources shall collectively mean the matter, substances and resources defined in subparagraph 16(a) and 16(b) that are not subject to this Lease but are located on adjacent land or lands in reasonable proximity thereto;