Fair Price Sample Clauses
The Fair Price clause establishes that the price set for goods or services in a contract must be reasonable and reflect market value. In practice, this clause may require parties to reference prevailing market rates, obtain independent valuations, or adjust pricing if significant market fluctuations occur. Its core function is to prevent either party from being unfairly advantaged or disadvantaged by unreasonably high or low prices, thereby promoting equity and reducing the risk of disputes over pricing.
POPULAR SAMPLE Copied 44 times
Fair Price. EACH MEMBER AGREES THAT THE PROCEDURES SET FORTH IN SECTION 11.7 ARE INTENDED TO ENSURE THAT A FAIR PRICE FOR THE COMPANY PROPERTY IS RECEIVED IN RETURN FOR ANY DISPOSITIONS THEREOF.
Fair Price. Section 2.29........... 31
Fair Price. The Seller has conducted a fair and extensive valuation of the Purchased Assets in which it has determined the Purchase Price to be fair and commercially reasonable.
Fair Price. The consideration being paid by Buyer including the assumption of the Assumed Liabilities by Buyer constitutes a fair price for the Assets.
Fair Price. 33 -v- 7 Schedules --------- Schedule 5.7 Assets of the Company Exhibits -------- Exhibit A Definitions Exhibit B Transferee Cert▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇.▇.▇. AMENDED AND RESTATED COMPANY AGREEMENT THIS AMENDED AND RESTATED COMPANY AGREEMENT ("Agreement") is dated as of April 17, 1998, by and between CALFINCO INC., a Delaware corporation ("Calfinco"), and Chase Equity Associates, L.P., a California limited partnership ("CEA").
Fair Price. 16.1 In the event that the an independent valuer mutually appointed by the Parties is requested to determine the Fair Price of any shares being transferred, the Fair Price of the shares being transferred shall be determined in the following manner:
16.1.1 by valuing the entire issued share capital of the Company by reference to the last audited annual accounts of the Company;
16.1.2 by valuing the Company on the basis that it is carrying on the Business as a going concern;
16.1.3 in accordance with generally accepted accounting principles; and
16.1.4 by disregarding the fact (if relevant) that the shares to be transferred may represent a minority shareholding.
16.2 The independent valuer shall act as experts and not as arbitrators, and their expenses, together with all legal costs incurred in connection with the transfer of shares, shall be borne rateably in proportion to the number of shares owned by each shareholder immediately before the transfer.
Fair Price. The Properties to be acquired are being acquired at a price that is not in excess of fair market value, and such Properties consist of (i) unimproved Land, or (ii) Land and existing Improvements thereon which Improvements are either suitable for occupancy at the time of acquisition or will be removed, renovated or modified in accordance with the terms of this Agreement, or (iii)
Fair Price. The Parties hereby mutually represent that they agree with the composition of the amount established as Purchase Price and, further, acknowledge and agree with the economic appraisal of the Companies and, consequently, the amount of the Companies’ Bonds, representing that such appraisal is fair and compatible with the terms under which the Companies’ Bonds are acquired and transferred under the terms of this Agreement, further representing that they waive all further claims and/or shall have no amounts to receive from one another, or from Buyer, and/or from any of the Companies in relation to the establishment of the Purchase Price on this date by the Parties, with exception of the provisions of this Agreement. It is further acknowledged that (i) the Parties have full capacity to appraise the fair and valid amount of the Purchase Price, and (ii) the representations provided in this section do not limit any other right of the Parties provided in this Agreement.