Most Favored Status Clause Samples
The Most Favored Status clause ensures that one party receives terms that are at least as favorable as those offered to any other party in similar agreements. In practice, if the provider grants better terms—such as lower prices, more favorable payment terms, or additional benefits—to another customer, the beneficiary of the clause is automatically entitled to those same improved terms. This clause is commonly used to maintain competitive fairness and prevent discrimination, ensuring that the beneficiary is not disadvantaged compared to others in similar contractual relationships.
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Most Favored Status. Seller agrees that should Seller or any Affiliate thereof enter into a repurchase agreement, credit facility or other comparable agreement with any Person other than Buyer or an Affiliate of Buyer which by its terms provides more favorable terms to such Person with respect to any financial covenants (a “More Favorable Agreement”), the terms of this Repurchase Agreement shall be deemed automatically amended to include such more favorable terms contained in such More Favorable Agreement; provided, that in the event that such More Favorable Agreement is terminated, upon notice by Seller to Buyer of such termination, the original terms of this Repurchase Agreement shall be deemed to be automatically reinstated. Seller each further agrees to execute and deliver any additional agreements or amendments to this Repurchase Agreement evidencing such more favorable terms, provided that the execution of such agreements or amendments will not be a precondition to the effectiveness thereof, but will merely be for the convenience of the parties hereto. Promptly upon Seller or any Affiliate thereof entering into any such repurchase agreement, credit facility or other comparable agreement with any Person other than Buyer, Seller shall deliver notice to Buyer of such More Favorable Agreement.
Most Favored Status. Each Seller and Guarantor agrees that should any Seller, Guarantor or any Affiliate thereof enter into a repurchase agreement or credit facility with any Person other than Buyer or an Affiliate of Buyer which by its terms provides more favorable terms to Buyer with respect to any guaranties or financial covenants, including without limitation covenants covering the same or similar subject matter set forth in Sections 13(j) and 13(q) hereof (a “More Favorable Agreement”), Seller and/or Guarantor shall provide notice to Buyer of such more favorable terms, and the terms of this Agreement shall be deemed automatically amended to include such more favorable terms contained in such More Favorable Agreement; provided, that in the event that such More Favorable Agreement is terminated, upon notice by Sellers or Guarantor to Buyer of such termination, the original terms of this Agreement shall be deemed to be automatically reinstated. Each Seller and Guarantor agrees to execute and deliver any new guaranties, agreements or amendments to this Agreement evidencing such provisions, provided that the execution of such amendment shall not be a precondition to the effectiveness of such amendment, but shall merely be for the convenience of the parties hereto. Promptly upon any Seller, Guarantor or any Affiliate thereof entering into a repurchase agreement or other credit facility with any Person other than Buyer and to the extent not publicly filed, such Seller or Guarantor shall deliver to Buyer a true, correct and complete copy of such repurchase agreement, loan agreement, guaranty or other financing documentation.
Most Favored Status. Except as set forth on a schedule attached hereto, Parent Guarantor, Guarantor, Seller, or any Subsidiary or Affiliate thereof has not entered into a repurchase agreement the collateral for which is substantially similar to the Purchased Assets and/or Related Mortgage Loans with any Person other than Buyer or an Affiliate of Buyer which by its terms provides more favorable terms to buyer, lender or other party with respect to such repurchase agreement with respect to any financial covenants described in Section 9.14 or any substantially similar covenant. IN WITNESS WHEREOF, I have set my hand this _____ day of ___________, 20__. Radian Mortgage Capital LLC By: Name: Title: As of the calendar month ended [DATE]
I. Total Adjusted Capital
Most Favored Status. DTLA will make available to Adopter its substantive commitments or clarifications regarding the standard Adopter Agreement through notice on the DTLA website or otherwise. DTLA also commits that the benefit of any of its clarifications or interpretations of language in the standard Adopter Agreement will be extended to Adopter in accordance with this Section 11.10. Where DTLA agrees to make a change to a particular Fellow Adopter's standard Adopter Agreement, such change shall be reflected in the next regular revision of the standard Adopter Agreement and Adopter will be given the ability to upgrade to such revised Adopter Agreement. Prior to such time as it makes a revised or upgraded standard Adopter Agreement available to all Fellow Adopters that have executed a standard Adopter Agreement, where DTLA has agreed to include language in a particular Fellow Adopter's standard Adopter Agreement that is more favorable than that in the then-current version of the standard Adopter Agreement, DTLA will not enforce the language in Adopter's Adopter Agreement to the extent that such language is less favorable than that found in such Fellow Adopter's Adopter Agreement. For purposes of this Section 11.10, “standard Adopter Agreement” refers to an Adopter Agreement under which a Fellow Adopter receives a license with respect to activities that are the same as those activities licensed hereunder, but does not include, by way of example and not limitation, any Adopter Agreement in which a Fellow Adopter is not licensed to manufacture Licensed Products.
Most Favored Status. The Company and Executive intend that Executive receive the benefit of any new or additional compensation programs developed by the Company hereafter. Accordingly, at such times as the Board of Directors approves any new or additional compensation concepts or programs for any officer of the Company (other than compensation based on sales or other commissions), then such new or additional concept or program shall also apply to Executive and the Agreement shall be amended by the Company and Executive upon request by Executive to incorporate such new or additional concept or program.
Most Favored Status. Until [*], provided Philips is manufacturing (or having manufactured) Philips-branded Personal TV System Boxes which enable the TiVo Service, TiVo shall not give any Manufacturing Subsidy to any third party which is greater than the Manufacturing Subsidy given to Philips; provided that such * Material has been omitted pursuant to a request for confidential treatment. Such material has been filed separately with the Securities and Exchange Commission.
15. Manufacturing Subsidy paid to such third party is paid on a Personal TV System Box which is substantially similar to the Personal TV System Box(es) manufactured by or for Philips. In the event TiVo pays a higher subsidy to any such third party, TiVo shall pay Philips the difference in subsidy amounts [*].
Most Favored Status. Should Guarantor or any of Guarantor’s Subsidiaries thereof enter into a guaranty of a repurchase agreement for the financing of commercial mortgage loans or participations therein with any Person (other than Buyer or an Affiliate of Buyer) which by such guaranty’s terms provides more favorable financial covenants covering the same or similar subject matter set forth in Section 8(i) hereof (a “More Favorable Agreement”), the financial covenants noted below shall be deemed automatically amended to include such more favorable terms contained in such More Favorable Agreement. ▇▇▇▇▇▇▇▇▇ further agrees to execute and deliver amendments to this Limited Guaranty evidencing such provisions, as may reasonably be required by Guarantor to give effect to such favorable terms, provided that the execution of such amendment shall not be a precondition to the effectiveness of such more favorable terms, but shall merely be for the convenience of the parties hereto. Guarantor shall, subject to any applicable confidentiality agreements, promptly deliver to Buyer a true, correct and complete copy of such More Favorable Agreement. In no event shall this Section 8(h) extend to (A) any credit facility or other financing arrangement or other financing arrangement entered into by Guarantor or Pledgor (and under which Guarantor or Pledgor is a borrower or issuer, as the case may be), nor (B) any broadly syndicated commercial real estate collateralized loan obligation transaction under which Guarantor or any of Guarantor’s Subsidiaries are party, nor (C) in the case of any transaction described in the foregoing clauses (A) or (B), any covenants thereunder.
Most Favored Status. Seller and Administrative Agent each agree that should Seller or any Subsidiary thereof enter into a repurchase agreement, warehouse facility or similar credit facility in each case providing mortgage warehouse financing with any Person (including, without limitation, Administrative Agent or any of its Affiliates) which by its terms provides more favorable financial covenants covering the same or similar matters set forth in Section 14(dd) hereof (each, a “More Favorable Agreement”) then the Seller shall provide the Administrative Agent with notice of such more favorable terms contained in such More Favorable Agreement within five (5) Business Days of entering into such More Favorable Agreement and the terms of this Agreement or the Pricing Side Letter, as applicable, shall be deemed automatically amended to include such more favorable terms contained in such More Favorable Agreement, such that such terms operate in favor of Administrative Agent or an Affiliate of Administrative Agent; provided, that in the event that such More Favorable Agreement is terminated, upon notice by Seller to Administrative Agent of such termination, the original terms of this Agreement shall be deemed to be automatically reinstated.
Most Favored Status. Sellers and Buyer each agree that should any Sellers or any Subsidiary thereof enter into a repurchase agreement or credit facility with any Person other than Buyer or an Affiliate of Buyer which by its terms provide more favorable terms to Buyer with respect to any financial covenants set forth in Section 4 of the Pricing Side Letter or any substantially similar covenants (a “More Favorable Agreement”), Sellers shall give Buyer prompt notice thereof and the terms of this Agreement shall be deemed automatically amended to include such more favorable terms contained in such More Favorable Agreement; provided, that in the event that such More Favorable Agreement is terminated, upon notice by Sellers to Buyer of such termination, the original terms of this Agreement shall be deemed to be automatically reinstated. Sellers and Buyer further agree to execute and deliver any new guaranties, agreements or amendments to this Agreement evidencing such provisions, provided that the execution of such amendment shall not be a precondition to the effectiveness of such amendment, but shall merely be for the convenience of the parties hereto.
Most Favored Status. DTLA will make available to CVP-2 Service Provider its substantive commitments or clarifications regarding the standard CVP-2 Service Provider Agreement through notice on the DTLA website or otherwise. DTLA also commits that the benefit of any of its clarifications or interpretations of language in the standard CVP-2 Service Provider Agreement will be extended to CVP-2 Service Provider in accordance with this Section