Prior Consideration Clause Samples

The Prior Consideration clause establishes that any value, benefit, or service provided before the execution of the current agreement does not count as valid consideration for the purposes of this contract. In practice, this means that only new promises, payments, or actions made after the contract is signed are recognized as consideration supporting the agreement. This clause ensures that the contract is legally enforceable by requiring fresh consideration, thereby preventing parties from relying on past actions or benefits as a basis for contractual obligations.
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Prior Consideration. Acquiror has made prior payments to the Company ------------------- Shareholders of $1,000,000.00 cash including interest thereto, and issuance 15,500,000 of the Merger Shares.
Prior Consideration. Prior consideration refers to the consideration given to current faculty members, in accordance with Article 21, Section A, Subd. 2, or Article 10, Section G, Subd. 6, when a university determines to fill a probationary position.
Prior Consideration. When a university determines to fill a probationary position as described in this subdivision, it will grant prior consideration to current faculty members as described herein. a. Prior consideration may be granted only when the university decides to fill a probationary position, and there is a current incumbent in that position who was hired pursuant to regular, non-emergency university hiring procedures. If, after a notice of vacancy is posted, a current incumbent applies for the probationary position, the current incumbent’s application shall be reviewed prior to the review of other applicants. b. Should the search committee determine that the current incumbent meets the qualifications for the probationary position, and, after interviewing the candidate, wishes to recommend the candidate’s appointment, the committee may make such a recommendation to the university without considering additional candidates. If the university determines that current vacancy filling policies or procedures require consideration of some or all other applicants, it will so notify the search committee. The search committee will then review such applicants. c. The right to “prior consideration” as described in this subdivision establishes only a procedural right with respect to the review and possible interview of the current incumbent by the search committee. These priorities do not create an expectation of employment on the part of any current faculty incumbent who receives prior consideration under these provisions. Section B. [Reserved.]
Prior Consideration. The practice of the Board is to give prior consideration to a teacher teaching on call who holds a valid B.C. Teaching Certificate or is eligible for membership in C.A.S.L.P.A. when seeking a regular position with the Board over applicants who have no experience with the Board.
Prior Consideration. Employees who currently hold, or within the previous three (3) year period held, a temporary contract with the Board shall be entitled to apply for vacant positions according to the provisions of Article E.21.3
Prior Consideration. As partial consideration for the conveyance of properties from Mountain Fuel Supply Company to Wexpro Company under the Agreement of Purchase and Sale, Wexpro executed and delivered to the Company all of the then outstanding capital stock of Wexpro. Such delivery of common stock remains effective. No additional deliveries of Wexpro's common stock to the Company or return of its common stock to Wexpro is contemplated by this Agreement.
Prior Consideration. The parties agree that Fiber Company shall pay no consideration for use of the Licensed Space prior to the date this Agreement is executed below except that Fiber Company shall restore the surface of the Licensed Space to such reasonable condition as County requires, including completing all grading, resurfacing, revegetation, and other work reasonably necessary to restore the surface of the Licensed Space to the manner it was prior to installation of the Conduit, and last mile and foot fiber through Ouray County ROWs. Such restoration shall be the responsibility of Fiber Company and shall be completed no later than July 31, 2021, unless extended for good cause.
Prior Consideration. When a university determines to fill a probationary position as described in this subdivision, it will grant prior consideration to current faculty members as described herein.
Prior Consideration. The parties agree that Fiber Company shall pay no consideration for use of the Licensed Space prior to the date this Agreement is executed. below except that Fiber Company shall restore the surface of the Licensed Space to such reasonable condition as County requires, including completing all grading, resurfacing, revegetation, and other work reasonably necessary to restore the surface of the Licensed Space to the manner it was prior to installation of the Conduit, and last mile and foot fiber through Ouray County ROWs. Such restoration shall be the responsibility of Fiber Company and shall be completed no later than July 31, 2021, unless extended for good cause. restoring areas in the ROW for the County’s Middle Mile Fiber. All punch lists and restoration and insurance of work is still required of Deeply Digital for up to 1 year after the project completion as outlined by Deeply Digitals existing Construction Agreement with the County.

Related to Prior Consideration

  • Additional Consideration Retrocessionaire agrees to pay under the Inuring Retrocessions all future premiums Retrocedant is obligated to pay pursuant to the terms of the Inuring Retrocessions to the extent that such premiums are allocable to Retrocessionaire in the manner set forth in Exhibit E hereto, and not otherwise paid by Retrocessionaire and to indemnify Retrocedant for all such premiums paid directly by Retrocedant, net of any ceding commissions and similar amounts paid by Third Party Retrocessionaires to Retrocedant.

  • Settlement Consideration In consideration for the full and complete Release of all Released Claims against all Released Parties, and the dismissal of the Action with prejudice, Defendant agrees to provide the following consideration to the Settlement Class:

  • OPTION CONSIDERATION As consideration for this Option to Purchase Agreement, the Buyer/ Tenant shall pay the Seller/Landlord a non-refundable fee of Dollars ($ ), receipt of which is hereby acknowledged by the Seller/Landlord. This amount shall be credited to the purchase price at closing if the Buyer/Tenant timely exercises the option to purchase, provided that the Buyer/Tenant: (a) is not in default of the Lease Agreement, and (b) closes the conveyance of the Property. The Seller/Landlord shall not refund the fee if the Buyer/Tenant defaults in the Lease Agreement, fails to close the conveyance, or otherwise does not exercise the option to purchase.