Definition commercially reasonable
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 ... WebMar 17, 2016 · Defining “Commercially Reasonable Efforts” Because there is no universally accepted legal definition for what “commercially reasonable efforts” are, courts are left to interpret the term based on the specific facts of the case. It has been held that a contractual requirement to act in a commercially reasonable manner does not …
Definition commercially reasonable
Did you know?
WebDefine Commercially Reasonable Efforts. means such level of efforts required to carry out such obligation in sustained manner consistent with the efforts MedImmune or Inovio, as … 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 …
Web(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 … WebFeb 18, 2011 · Refining the Definition of "Commercial Reasonableness" Under UCC Article 9 Regal Finance Co., Ltd. v. Tex Star Motors, Inc., --- S.W.3d ---, 2010 WL 3277132, 53 Tex. Sup. Ct. J. 1034 (Tex. 2010) ... A sale is commercially reasonable if it conforms to reasonable commercial practices among dealers in the type of property that was …
WebDefine 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 … WebCommercially reasonable efforts is a term incapable of a precise definition and will vary depending on the context in which it is used. It is based upon a standard of …
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.
WebDefine Commercially Unreasonable. means that the activity referred to would be unreasonable to pursue given the efforts and resources normally used by a pharmaceutical or biotechnology company, as applicable, of comparable size and resources of such Party, in the exercise of its reasonable business discretion relating to such activity with respect … hair toca bocahair today dead tomorrowWebFeb 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 ... bull moose south portland meWebNov 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 … bull moose tacticalWebJan 20, 2024 · The obligation to use reasonable efforts, commercially reasonable efforts, or even best efforts does not generally mean that the promising party must be successful or take exhaustive measures to fulfill … bull moose tube leed recycled content letterWebA commercially reasonable efforts clause is a contractual term varying depending on the context in which it is used; they can be indefinite, but generally not so vague as to be … hair toca salon 3WebJan 6, 2024 · An arrangement is considered to be “commercially reasonable” if “the particular arrangement furthers a legitimate business purpose of the parties to the arrangement and is sensible ... hair today penkhull