Commercially reasonable terms
WebThe Delaware Supreme Court recently analyzed, for the first time, a common contractual standard in business agreements. The legal meaning of the phrase “commercially … Webmade efforts to obtain authorization from the right holder on reasonable commercial terms and conditions and that such efforts have not been successful within a reasonable period of time. This requirement may be waived by a Member in the case of a national emergency or other circumstances of extreme urgency or in cases of public non -commercial ...
Commercially reasonable terms
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WebJan 14, 2024 · The phrase commercially reasonable is defined by Merriam-Webster as: “Fair, done in good faith, and corresponding to … WebCommercially reasonable terms means both financial and commercial terms that are consistent with concepts of good faith and fair dealing and are no less favorable to …
WebMay 28, 2015 · When you hear the term “commercially reasonable sale,” you might be tempted to think that the creditor would be prevented from simply selling the vehicle at a low price. While a low sale price might be an indication of a commercially unreasonable sale, there are other factors that are more determinative. These factors are: -the manner of the … WebCommercially Reasonable Manner or “Commercially Reasonable” means, with respect to a given goal or requirement, the manner, efforts and resources a reasonable person in the position of the promisor would use, in the exercise of its reasonable business discretion and industry practice, so as to achieve that goal or … Reasonable Efforts
WebRelated to Commercially Reasonable Effort. Commercially Reasonable Efforts Subject to the terms and conditions of this Agreement, each of the parties will use its commercially reasonable efforts in good faith to take, or cause to be taken, all actions, and to do, or cause to be done, all things necessary, proper or desirable, or advisable under … WebCommercially Reasonable Terms terms that have been approved by the CSO or a Financial Advisor based on the CSO’s or such Financial Advisor’s reasonable …
WebExamples of Reasonable Commercial Terms in a sentence To the extent available to the Loan Parties on Reasonable Commercial Terms and taking into account requirements …
WebMay 27, 2015 · When analyzing a contract requiring “best efforts” or “commercially reasonable efforts” to complete a project by a target completion date, it is important to consider whether the target completion date will be considered a “material term” that could afford a party additional rights in the event of a breach. h se ganaWebThe majority opinion determined that the terms “commercially reasonable efforts” and “reasonable best efforts” may impose affirmative obligations on parties to take all reasonable steps toward closing a transaction and that acting in good faith may not be enough to satisfy such a standard. h se song hindi meWebDefinition: Commercially reasonable, adj. (Of a property sale) conducted in good faith and in accordance with commonly accepted commercial practice. Under the UCC, a sale of collateral by a secured party must be done in a commercially reasonable manner, or the obligor's liability for any deficiency may be reduced or eliminated. UCC §§ 9-610(b), 9-626. h se song antakshariWebJun 7, 2010 · In the security agreement context, the “commercially reasonable” standard must be considered objectively from a commercial standpoint, as opposed to … h sarkar & companyWebJul 11, 2024 · Commercially Reasonable Manner or “Commercially Reasonable” means, with respect to a given goal or requirement, the manner, efforts and resources a … autopulsenWeb“Commercially reasonable efforts” is at a level below “best efforts” and is generally interpreted as requiring the party to exert substantial effort without requiring that the party … h se song antakshari hindiWebSep 9, 2024 · The term commercially reasonable efforts has been interpreted largely interchangeably with reasonable efforts. The question is whether the course taken by the party is in accordance with sound judgement, having … autopulai