Standard of Operations Sample Clauses
The Standard of Operations clause defines the minimum level of care, diligence, and performance that a party must maintain while carrying out its contractual obligations. Typically, this clause requires parties to operate in accordance with industry norms, applicable laws, or established best practices, and may specify particular benchmarks or procedures to be followed. Its core function is to set clear expectations for operational conduct, thereby reducing ambiguity and helping to prevent disputes over whether contractual duties have been properly fulfilled.
Standard of Operations. Buyer shall conduct all Plugging and Abandonment Obligations and all other operations with respect to the Assets in a good and workmanlike manner and in compliance with all Laws, including Environmental Laws and Laws (now or hereafter in effect) relating to the protection of natural resources.
Standard of Operations. ASSIGNEE shall conduct all plugging, replugging, abandonment, removal, disposal and restoration operations in a good and workmanlike manner and in compliance with all applicable laws and regulations.
Standard of Operations. The buyer shall properly locate the buyer's operations and buyer's improvements within the sale area, and may not commit waste, whether ameliorated or otherwise. In addition to complying with all laws, regulations, ordinances, and orders, the buyer shall maintain the land in a reasonably neat and clean condition. No construction material, fill, waste asphalt, damaged culverts or any other debris shall be stockpiled within pit boundaries. Stockpiled material and/or overburden shall not be placed in wetlands. After completion, expiration, or termination of the contract, the site will be left in a condition that is acceptable to the seller, and reclaimed in accordance with the approved reclamation plan.
Standard of Operations. Buyer shall conduct all plugging, replugging, abandonment, removal, disposal and restoration operations in a good and workmanlike manner and in compliance with all applicable laws and regulations.
Standard of Operations. The Manager shall, to the extent ---------------------- practicable, consistent with its responsibilities and those of the Company under this Agreement, and adhering to professional lending and credit standards, manage the Company with a view towards maximizing the monetary value to the Members (taken as a whole) of the Company as an operating entity independent from its Members. Notwithstanding the foregoing, if the Manager is also a Member, nothing in this provision shall be construed so as to impose an economic obligation on such Member other than that imposed on Members generally under this Agreement.
Standard of Operations. Tenant acknowledges that the Hotel is a first class hotel and that the maintenance of Landlord's reputation and the reputation of the Hotel, as well as the goodwill of all of Landlord's guests and invitees, is essential to Landlord and that any impairment thereof may cause great damage to Landlord. Tenant therefore covenants that it shall operate the Premises in accordance with high standards of honesty, integrity, quality and courtesy so as to maintain and enhance the reputation and goodwill of Landlord and the Hotel and at all times in keeping with and not inconsistent with or detrimental to the operation by Landlord of an exclusive, first-class resort hotel facility. Tenant shall regularly monitor the performance of each of Tenant's employees at the Premises so that such standards may be consistently maintained. Tenant therefore further agrees that repeated failure to maintain such standards shall be deemed an Event of Default by Tenant and that repeated complaints from customers or guests which are reasonable and which are not promptly remedied by Tenant shall be evidence of Tenant's failure to maintain such standards.
Standard of Operations. Buyer shall conduct all Plugging and Abandonment Obligations in compliance with all applicable laws and regulations.
Standard of Operations. W&T shall conduct all plugging, replugging, abandonment, removal, disposal and restoration operations in a good and workmanlike manner and in compliance with all applicable laws and regulations.
Standard of Operations. Landlord shall operate the Premises, Building ---------------------- and Real Property in accordance with the standard of operation at least commensurate with the general standard of operation of other buildings and building projects located in Frankfurt/Main that are comparable in age, location, quality of construction, services and amenities to the Premises, Building and the Real Property. In addition, Landlord shall provide, for the use by Tenant and its customers, agents and employees on a 24 hour by 365 days basis, ("Business Hours"), building utility services and building maintenance personnel who shall be on duty in the Building or reasonably available to Tenant and capable of immediately performing any services or work required.
Standard of Operations. BUYER shall conduct (and shall ensure that COI conducts) all plugging, replugging, abandonment, removal, disposal and restoration operations in a good and workmanlike manner and in compliance with all applicable laws and regulations.