Reasonableness Standard Clause Samples
The Reasonableness Standard clause establishes that actions, decisions, or obligations under the contract must be judged according to what a reasonable person would consider appropriate in similar circumstances. In practice, this means that parties are expected to act fairly and sensibly, and their conduct will be evaluated based on common sense and industry norms rather than strict or arbitrary measures. This clause helps prevent unreasonable demands or interpretations, ensuring that expectations remain practical and disputes are resolved with reference to generally accepted standards.
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Reasonableness Standard. No consents or approvals, whether required or permitted to be given pursuant to this Use Permit, by either NASA or SFA shall be unreasonably withheld.
Reasonableness Standard. Owner and Holder shall act in good faith, shall follow a reasonableness standard, and shall use their best efforts to make any determinations that are necessary or are contemplated to be made by them (either separately or jointly) under this Easement in a timely manner, and shall cooperate with one another and shall take all other reasonable action suitable to that end.
Reasonableness Standard. If it is determined by a court of competent jurisdiction that Landlord acted unreasonably in its decision to refuse to consent or approve any item as to which Landlord has specifically agreed that its consent or approval shall not be unreasonably withheld, Tenant’s sole remedy shall be an order compelling Landlord to consent to or approve the matter in dispute and Tenant shall not be entitled to any monetary damages or any other form of relief.
Reasonableness Standard. All determinations, consents, reviews and approvals to be granted and conducted by the Parties under this Agreement and any other acts calling for the exercise of discretion shall be performed in good faith and, unless otherwise so specified, under a standard of reasonableness that is consistent with normal industry practices for the type of work involved. Where time periods are not specified, a reasonable period of time shall be allowed.
Reasonableness Standard. If the Bank, in its capacity as the Bank or Administrative Agent, agrees in any provision of this Agreement to act reasonably in granting or withholding any consent, approval or the like, and the Bank has sold or hereafter shall sell participations in the Letter of Credit, then the Bank, the Bank Participants or the Administrative Agent shall not act unreasonably if it withholds any consent, approval or the like if participants entitled to consent to or approve the request do not do so.
Reasonableness Standard. Each of the parties hereto acknowledges and agrees that the governing provisions of this Agreement and the Schedules and Exhibits that are a part hereof have been negotiated by the parties with the intention that the parties use a reasonableness standard in the performance of their respective obligations hereunder.
Reasonableness Standard. Except as otherwise provided herein, whenever Lender’s consent or approval is required in this Agreement or any of the other Loan Documents, such consent or approval shall not be unreasonably withheld, conditioned or delayed.
Reasonableness Standard. Except where a different standard is specifically provided otherwise herein, whenever the consent of County or Concessionaire is required under this Contract, such consent shall not be unreasonably withheld and whenever this Contract grants County or Concessionaire the right to take action, exercise discretion, establish rules and regulations or make allocations or other determinations, County and Concessionaire shall act reasonably and in good faith. These provisions shall only apply to County acting in its proprietary capacity.
Reasonableness Standard. Whenever by the terms of this Deed of Trust, the Beneficiary has covenanted to act reasonably, the remedies of the Grantor in the event any of the actions of the Beneficiary are deemed to be unreasonable, shall be limited to an injunction or declaratory judgment only and in no case shall a money judgment be demanded or granted.
Reasonableness Standard. Except where a different standard is specifically provided otherwise herein (e.g. Section 2.2, Section 11.6, subsections 5.8.3.8, 5.8.5, 11.4.3 and 12.1.2), whenever the consent of County or Concessionaire is required under this Agreement, such consent shall not be unreasonably withheld and whenever this Agreement grants County or Concessionaire the right to take action, exercise discretion, establish rules and regulations or make allocations or other determinations, County and Concessionaire shall act reasonably and in good faith. These provisions shall only apply to County acting in its proprietary capacity.