Determinations Made in Good Faith Sample Clauses

The "Determinations Made in Good Faith" clause requires that any decisions, judgments, or assessments made under the contract are done honestly, fairly, and without intent to deceive or act in self-interest. In practice, this means that when a party is given discretion to make a determination—such as evaluating performance, approving deliverables, or interpreting ambiguous terms—they must do so with integrity and reasonable consideration of the facts. This clause serves to prevent abuse of discretionary powers and ensures that all parties act transparently and equitably, thereby reducing the risk of arbitrary or biased decisions.
Determinations Made in Good Faith. All determinations hereunder made by any party hereto shall be made in good faith.
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Related to Determinations Made in Good Faith

  • Challenge to Good Faith Determination Whenever the Board of Directors of the Company shall be required to make a determination in good faith of the fair value of any item under this Section 4, such determination may be challenged in good faith by the Holder, and any dispute shall be resolved by an investment banking firm of recognized national standing selected by the Holder and reasonably acceptable to the Company.

  • Good Faith Determination The Company shall from time to time make the good faith determination whether or not it is practicable for the Company to obtain and maintain a policy or policies of insurance with reputable insurance companies providing the officers and directors of the Company with coverage for losses incurred in connection with their services to the Company or to ensure the Company’s performance of its indemnification obligations under this Agreement.

  • No Liability for Good Faith Determinations The Company and the members of the Board shall not be liable for any act, omission or determination taken or made in good faith with respect to this Agreement or the Restricted Stock Units granted hereunder.

  • Good Faith The parties to this contract shall, in exercising their respective rights and complying with their respective obligations under this contract (including when conducting any discussions or negotiations arising out of the application of any provisions of this contract or exercising any discretion under them), at all times act in good faith.

  • Independence from Material Breach Determination Except as set forth in Section X.D.1.c, these provisions for payment of Stipulated Penalties shall not affect or otherwise set a standard for OIG’s decision that CCH has materially breached this CIA, which decision shall be made at OIG’s discretion and shall be governed by the provisions in Section X.D, below.