Adequate Consideration Sample Clauses

Adequate Consideration. The Executive specifically acknowledges the receipt of adequate consideration for the covenants contained in paragraph 5(a), 6 and 7 and that The Bank is entitled to require him to comply with these paragraphs. These paragraphs will survive termination of this Agreement. The Executive represents that if his employment is terminated, whether voluntarily or involuntarily, the Executive has experience and capabilities sufficient to enable the Executive to obtain employment in areas which do not violate this Agreement and that the Bank's enforcement of a remedy by way of injunction will not prevent the Executive from earning a livelihood.
Adequate Consideration. The consideration given or provided, or to be given or provided, by the Guaranteed Parties in connection with this Agreement is adequate and satisfactory in all respects, and represents reasonably equivalent value, to support this Agreement and such Guarantor’s obligations hereunder.
Adequate Consideration. Executive specifically acknowledges the receipt of adequate consideration, including without limitation the Termination Payment, identified in Section 9, if due and owing, for the covenants contained in Sections 15 and 16 and that Employer is entitled to require him to comply with those Sections regardless of the reason(s) for Executive's separation of employment with Employer. Sections 15 and 16 will survive termination of this Agreement, but will expire no later than two years from the date of the termination of employment or the maturity of this agreement, whichever is later. Executive represents that if his employment is terminated, whether voluntarily or involuntarily, Executive has experience and capabilities sufficient to enable Executive to obtain employment in areas which do not violate this Agreement and that Employer's enforcement of a remedy by way of injunction will not prevent Executive from earning a livelihood.
Adequate Consideration. Executive specifically acknowledges the receipt of adequate consideration for the covenants contained in paragraphs 9, 11, 12, and 13 above and that Westsound is entitled to require him/her to comply with these paragraphs. These paragraphs will survive termination of this Agreement. Executive represents that if his/her employment is terminated, whether voluntarily or involuntarily, he/she has the experience and capabilities sufficient to enable him/her to obtain employment in areas which do not violate this Agreement and that Westsound's enforcement of a remedy by way of injunction will not prevent Executive from earning a livelihood.
Adequate Consideration. Prior to entering into this Agreement and the other Loan Documents, Borrower and each Borrower-Related Party has reviewed the benefits to be provided to it as a result of the Lender making the Loan and have concluded that (i) the Loan and the terms and conditions of the Loan Documents are in the bests interests of Borrower and the Borrower-Related Parties, (ii) the benefits of the Loan and the Loan Documents are reasonably equivalent in value to the Collateral to be pledged to secure the Loan and the obligations assumed and to be assumed by them pursuant to the Loan Documents, and (ii) direct and indirect benefits will flow to Borrower and the Borrower-Related Parties by virtue of Borrower and the Borrower-Related Parties providing guaranties and Collateral to secure any present or future Indebtedness of Borrower or the Borrower-Related Parties to Lender.
Adequate Consideration. The Borrower represents and warrants to the Lender that prior to entering into this Loan Agreement, it has reviewed the benefits to be provided to it as a result of the Lender making the Loan and has concluded that such benefits are reasonably equivalent in value to the collateral to be pledged to secure the Loan and the obligations assumed and to be assumed by the Borrower pursuant to the Loan Documents.