Legal Consideration Sample Clauses
Legal Consideration. The Parties hereto stipulate and acknowledge that adequate legal consideration exists to support all such parties’ execution and delivery of this Contract and the transactions, covenants, and agreements contemplated hereby.
Legal Consideration. Executive agrees that the Separation Payment referenced in paragraph 2.3 constitutes sufficient legal consideration for her promises and covenants set forth in the Agreement. Executive further acknowledges and agrees that the Separation Payment is not required by the policies and procedures of the Company, by the Employment Agreement or by any other contractual obligation, but rather is offered solely as consideration for Executive’s promises and covenants made pursuant to this Agreement. Executive further agrees that she is not entitled to any other compensation not expressly provided for herein.
Legal Consideration. ▇▇▇▇▇ agrees that the opportunity to earn the payments and benefits set forth herein constitute valuable and sufficient legal consideration for the promises and the covenants set forth in this Agreement. ▇▇▇▇▇ agrees that any such payments and benefits are not required by HouseValues policies and procedures or by any pre-existing contractual obligation or by any statute, regulation or ordinance, and are offered by HouseValues solely as consideration for this Agreement. ▇▇▇▇▇ further agrees that he is not entitled to any other compensation or benefits not expressly provided for herein.
Legal Consideration. Assuming compliance with Kansas statutes governing NRPs, there are no known legal obstacles to proceeding as recommended by City staff. The NRP works as a rebate program, not a tax exemption. Property owners receive a rebate on the incremental increase in property value resulting from the project, so the City does not forgo any current tax revenues.
Legal Consideration. For the purpose of this letter agreement, the term “Legal Consideration” shall mean the total value of all property (real or personal), cash, securities or other benefits received or receivable by the Company or its officers, directors or shareholders, including without limitation the aggregate of all amounts payable pursuant to all warrants, options, stock appreciation rights, convertible or straight securities, stock purchase rights, whether or not vested, or pursuant to any employment agreements, consulting agreements, debt assumed, covenants not to compete, earn-out or contingent payment rights, or other similar agreements, arrangements or understandings. Property shall be valued at the fair market value thereof as agreed to by the parties hereto or if the parties are unable to agree, as determined by a mutually acceptable independent appraiser, the cost of which shall be borne by the Company. Securities which are publicly traded shall be valued at the closing price of such securities as reported on a national exchange or NASDAQ if so listed or quoted or if not so listed or quoted, the average of the closing bid and ask prices, as reported by NASDAQ or any other exchange or market, in either event for the last day prior to the closing date of the applicable Transaction; if the securities are not so listed or quoted, the securities shall be valued in the same manner as property described above. All debt instruments or evidences thereof and all amounts payable to shareholders pursuant to all employment agreements, consulting agreements covenants not to compete, earn-out or contingent payment rights or other similar agreements, arrangements or understanding shall be valued at the aggregate amount payable thereunder, whether such payments are absolute or contingent and irrespective of the period or uncertainty of payment, the rate of interest, if any, or the contingent nature thereof.
Legal Consideration. Bond Counsel for the City has approved all documents and proceedings and there are no known legal obstacles to proceeding as recommended by staff. The total cost for the improvements in the three improvement districts is as follows: ENGINEERING $40,533.62 CONSTRUCTION 342,064.78 COSTS OF ISSUANCE 9,344.78 Share of Project Costs (100%) $391,943.18 Less Upfront Payment by Developer (approx. 30%) (114,106.67) AMOUNT OF IMRPOVEMENT COSTS TO BE ASSESSED $277,836.51 Heart of America Second Addition will be a fifteen-year assessment spread against each lot based on the percentage of developable area within the improvement district, as described in Resolution No. 2016-010. Approximately 30% of the total project costs will be paid from an upfront payment made by the developer. ENGINEERING $4,400.00 CONSTRUCTION 75,000.00 COSTS OF ISSUANCE 2,763.49 Share of Project Costs (100%) $82,163.49 Less Upfront Payment by Developer -0- AMOUNT OF IMRPOVEMENT COSTS TO BE ASSESSED $82,163.49 King’s Gate First Addition will be a ten-year assessment split equally per square foot within the improvement district.
Legal Consideration. A. The Manufacturer agrees to be bound by the laws of the State of Oklahoma and that the solicitation of this Agreement shall be constructed and interpreted in accordance with Oklahoma law, regardless of where services are performed, in the event a choice of law situation arises. The Manufacturer further acknowledges that nothing contained in the Agreement shall be construed as a waiver of the immunity from liability, which would otherwise be available to the State of Oklahoma under the principles of sovereign immunity. In particular, the Manufacturer agrees that the sole and exclusive means for the presentation of any claim against the State arising out of this Agreement, shall be in accordance with all applicable Oklahoma statutes. The Manufacturer further covenants not to initiate legal proceedings in any State or Federal court in addition to, or in lieu of, any proceedings available under Oklahoma statutes.
Legal Consideration. Executive agrees that the amounts and benefits referenced in paragraph 2.1 and paragraph 2.2 (the “Departure Payment”) constitute sufficient legal consideration for Executive’s promises and covenants set forth in the Agreement. Executive further acknowledges and agrees that the Departure Payment is not required by the policies and procedures of the Company, by the Employment Agreement or by any other contractual obligation, but rather is offered solely as consideration for Executive’s promises and covenants made pursuant to this Agreement. Executive further agrees that he is not entitled to any other compensation for employment by the Company not expressly provided for or referenced herein.