Equivalent Value Sample Clauses
The Equivalent Value clause establishes that, in certain situations, one party may provide a substitute or alternative of equal worth instead of the originally specified item, service, or payment. For example, if a particular product becomes unavailable, the party responsible may deliver a different product or compensation that matches the original's value. This clause ensures that contractual obligations can still be fulfilled even when exact performance is not possible, thereby maintaining fairness and continuity in the agreement.
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Equivalent Value. As of the Closing Date, the consideration that the Company is receiving from Purchaser is substantially equivalent in value to the consideration Purchaser is receiving from the Company pursuant to this Agreement. As of the Closing Date, under the terms of this Agreement, the Company is receiving fair consideration from Purchaser for the agreements, covenants, representations and warranties made by the Company to Purchaser.
Equivalent Value. S▇▇▇▇▇’s receipt of the Purchase Price hereunder together with S▇▇▇▇▇’s receipt of the consideration in the other Transaction Documents in exchange for the rights granted to Buyer hereunder and in the other Transaction Documents, collectively constitute a receipt by Seller of reasonably equivalent value in exchange for the rights granted to Buyer herein and in the other Transaction Documents.
Equivalent Value. As of each Closing Date, under the terms of this Agreement, the Company is receiving fair consideration from ▇▇▇▇▇▇▇▇ for the agreements, covenants, representations and warranties made by the Company to ▇▇▇▇▇▇▇▇.
Equivalent Value. The Participant acknowledges and agrees that the value of the benefits sold, transferred and assigned to the Participant under this Agreement equals or exceeds the amount payable by the Participant in consideration therefor.
Equivalent Value. As of the Closing Date, the consideration that Alloy is receiving from Investor is equivalent in value to the consideration Investor is receiving from Alloy pursuant to this Agreement. As of the Closing Date, under the terms of this Agreement, Alloy is receiving fair consideration from Investor for the agreements, covenants, representations and warranties made by Alloy to Investor.
Equivalent Value. As of each Closing Date, the consideration that the Company is receiving from ▇▇▇▇▇▇▇▇ is equivalent in value to the consideration ▇▇▇▇▇▇▇▇ is receiving from the Company pursuant to this Agreement. As of each Closing Date, under the terms of this Agreement, the Company is receiving fair consideration from ▇▇▇▇▇▇▇▇ for the agreements, covenants, representations and warranties made by the Company to ▇▇▇▇▇▇▇▇.
Equivalent Value. As of the date hereof, the consideration that Newpark is receiving from Flet▇▇▇▇ ▇▇ equivalent in value to the consideration Flet▇▇▇▇ ▇▇ receiving from Newpark pursuant to this Agreement. As of the date hereof, under the terms of this Agreement, Newpark is receiving fair consideration from Flet▇▇▇▇ ▇▇▇ the agreements, covenants, representations and warranties made by Newpark to Flet▇▇▇▇.
Equivalent Value. Seller hereby represents and warrants, and the Parties agree that: (i) the consideration given and to be exchanged by the Parties and to be received by Seller as provided in this Agreement (including, without limitation, the Purchase Price, assumption of obligations and release of obligations by the Parties pursuant to this Agreement), shall constitute a contemporaneous or substantially contemporaneous exchange of equivalent value for the Assets transferred by Seller to Buyer, (ii) Seller and Buyer entered into this Agreement in good faith, (iii) no Party requires any further information, facts, research, evidence, or third party analysis or opinion in connection with the Parties’ decision to execute this Agreement and (iv) no Party shall have the right to benefit in any manner, either directly or indirectly, from the assertion by any person or entity that the receipt by any Party to this Agreement of consideration to be exchanged pursuant to this Agreement, shall constitute or shall have constituted less than reasonably equivalent value for the consideration given pursuant to this Agreement, or a preferential payment with respect to any debts or obligations resolved pursuant to this Agreement.
Equivalent Value. As of the Initial Closing Date, the consideration that Champion is receiving from Flet▇▇▇▇ ▇▇ equivalent in value to the consideration Flet▇▇▇▇ ▇▇ receiving from Champion pursuant to this Agreement. As of the Initial Closing Date, under the terms of this Agreement, Champion is receiving fair consideration from Flet▇▇▇▇ ▇▇▇ the agreements, covenants, representations and warranties made by Champion to Flet▇▇▇▇.
Equivalent Value. As of the Initial Closing Date, the consideration that Cal Dive is receiving from Fletcher is equivalent in value to the consideration Fletcher i▇ ▇▇▇▇▇▇ing from Cal Dive pursuant to this Agreement. ▇▇ ▇▇ ▇he Initial Closing Date, under the terms of this Agreement, Cal Dive is receiving fair consideration from Fletcher for the agreements, covenants, representations and war▇▇▇▇▇▇▇ made by Cal Dive to Fletcher.