Fair Consideration Clause Samples
The Fair Consideration clause ensures that any party providing goods, services, or other value under a contract receives compensation that is reasonable and appropriate for what is exchanged. In practice, this means that the contract must specify payment or other forms of consideration that reflect the true value of the contributions made, preventing situations where one party is unfairly disadvantaged. This clause serves to promote equity in contractual relationships and helps avoid disputes over inadequate or nominal compensation.
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Fair Consideration. The Parties acknowledge and agree that the consideration provided for in this Article III represents fair consideration and reasonable equivalent value for the sale and transfer of the Acquired Assets and the transactions, covenants and agreements set forth in this Agreement, which consideration was agreed upon as the result of arm's-length, good faith negotiations between the Parties and their respective representatives.
Fair Consideration. The Guarantors represent that the Guarantors are engaged in common business enterprises related to those of the Borrower and each Guarantor will derive substantial direct or indirect economic benefit from the effectiveness and existence of the Credit Agreement.
Fair Consideration. The consideration received by the Company upon the sale of the Mortgage Loans under this Agreement constitutes fair consideration and reasonably equivalent value of the Mortgage Loans.
Fair Consideration. The aggregate consideration received by the Depositor pursuant to this Agreement is fair consideration having reasonably equivalent value to the value of the Aggregate Receivables and the performance of the Depositor’s obligations hereunder.
Fair Consideration. The consideration received by the Seller, in exchange for the Leases (including the right to receive all payments due or to become due thereunder) and the transfer of its interests in the Equipment, is fair consideration having value equivalent to or in excess of the value of the assets being transferred by the Seller.
Fair Consideration. The consideration received by the Seller, in exchange for the contribution and transfer of the Leases, the grant of the security interest in the interests of the Seller in the Equipment and the assignment and contribution of the covenants, representations, warranties and obligations of the Originator (including the Originator's Purchase Obligation) under this Assignment and Servicing Agreement, is fair consideration having value equivalent to or in excess of the value of the assets being contributed by the Seller.
Fair Consideration. The consideration to be received by Seller upon the sale of the Loans under this Agreement constitutes fair consideration and reasonably equivalent value therefor.
Fair Consideration. The consideration received by the Originator, in exchange for the contribution and transfer of the Leases and Equipment pursuant to this Agreement, is fair consideration having value equivalent to or in excess of the value of the assets being contributed by the Originator.
Fair Consideration. All payments made by Borrower to Bank under the Loan Documents and this Modification were and are for fair consideration and reasonably equivalent value.
Fair Consideration. The consideration received by VFCC as set forth herein is fair consideration having value reasonably equivalent to or in excess of the value of the Conveyed Assets conveyed by it and the performance of VFCC's obligations hereunder; and