Common use of Essential Consideration Clause in Contracts

Essential Consideration. The parties hereto acknowledge and agree that the rights and obligations of the parties hereunder, including the Priceline Standstill, are given in consideration for the rights and obligations undertaken under the other Transaction Agreements, and without limiting the generality of the foregoing, constitute essential and integral consideration to the Company for its execution of the Transaction Agreements.

Appears in 4 contracts

Samples: Standstill Agreement, Standstill Agreement (Priceline Group Inc.), Standstill Agreement (Priceline Group Inc.)

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Essential Consideration. The parties hereto acknowledge and agree that the rights and obligations of the parties hereunder, including the Priceline Investors Standstill, are given in consideration for the rights and obligations undertaken under the other Transaction Agreements, and without limiting the generality of the foregoing, constitute essential and integral consideration to the Company for its execution of the Transaction Agreements.

Appears in 3 contracts

Samples: Investor Rights Agreement (JD.com, Inc.), Investor Rights Agreement (Tencent Holdings LTD), Investor Rights Agreement (Vipshop Holdings LTD)

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