Definition commercially reasonable
WebMay 29, 2014 · The definition used in the CardioSpectra merger agreement was inward facing and required the sellers to demonstrate that commercially reasonable efforts were not used compared with efforts made ... WebReasonable Time: In the absence of an express or fixed time established by the parties to an agreement or contract (especially one that falls under the purview of the Uniform Commercial Code [UCC]), any time which is not manifestly unreasonable under the circumstances. For example, if a contract does not fix a specific time for performance, ...
Definition commercially reasonable
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WebCommercially Reasonable means sound and prudent practices in a manner commercially reasonable for an onshore Product gathering system operator and in a manner consistent with industry standards at the applicable point in time. Reasonable Efforts means, with respect to any action required to be made, attempted, or taken by an Interconnection ... WebFeb 22, 2024 · Section 9-610 (b) of the Uniform Commercial Code commands that every aspect of a UCC foreclosure, “including the method, manner, time, place, and other terms, must be commercially reasonable ...
WebDefinition: 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. WebNov 1, 2024 · 1 Akorn, Inc. v. Fresenius Kabi AG, C.A. No. 2024-0300-JTL (Del. Ch. Oct. 1, 2024).. 2 The Akorn decision is being appealed to the Delaware Supreme Court. Whether this leads to further guidance on the “efforts” issue remains to be seen. We also are aware of another high-profile case pending before Vice Chancellor Laster involving a dispute …
WebJan 18, 2024 · Commercially Reasonable Efforts. If your client is going to contractually commit to using "commercially reason-able efforts" to do something – but expects that obligation to require some-thing less than “all reasonable efforts” – then you’ll want to make the client's expectation clear in the contract language itself. WebJun 7, 2010 · "Commercially reasonable efforts" may be tied to efforts required to secure a particular value for a commodity, with the market acting as an objective measure of what …
WebCommercially reasonable terms means the repurchase of current and marketable inventory within twelve (12) months from date of purchase at not less than ninety percent …
Webcommercially reasonable manner, or to take commercially reasonable action, solely because it gives preference to its own interests over those of another party. • Reasonable efforts: (a) “Reasonable efforts” refers to one or more reasonable actions reasonably calculated to achieve the stated objective; (b) Any assessment of reasonable ... glen mills pa to allentown paWebCommercially reasonable. Commercially reasonable means that the particular arrangement furthers a legitimate business purpose of the parties to the arrangement … body piercing courses melbourneWebParties will sometimes use a “commercially reasonable efforts” standard. This standard has been subject to less judicial scrutiny that the other efforts standards. The courts have … glen mills powerliftingWebDefine COMMERCIALLY REASONABLE EXPENSES. are those costs and expenses which a reasonable person acting in a commercially prudent manner, taking into account (but without imposing an absolute requirement) the need to minimise his expenditure, would expend, in the case of any obligation to carry out the remediation of Environmental … glen mills sand and gravel aston paWebMar 21, 2024 · Commercially reasonable definition: Commercial organizations and activities are concerned with making money or profits ,... Meaning, pronunciation, … glen mills pa newspaperWeb(3) otherwise in conformity with reasonable commercial practices among dealers in the type of property that was the subject of the disposition. (c) [Approval by court or on … glen mills pa to washington dcWebcommercially reasonable adj. : fair, done in good faith, and corresponding to commonly accepted commercial practices [a secured party after default may sell…the collateral in … glen mills pa to swarthmore pa