Material Inducement and Consideration Clause Samples
The Material Inducement and Consideration clause defines the essential reasons and benefits that motivate each party to enter into a contract. In practice, this clause clarifies what each side is receiving or expecting in return for their commitments, such as payment, services, or other valuable exchanges. By explicitly stating the inducements and consideration, the clause ensures that the contract is legally enforceable and that both parties understand the value being exchanged, thereby reducing the risk of disputes over whether a valid agreement exists.
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Material Inducement and Consideration. The Restricted Holder acknowledges and agrees that its entering into this Agreement with Parent and its covenants and agreements herein are a material inducement to the Parent’s entering into the Merger Agreement and proceeding with the Merger and the Private Placement Offering, and Parent’s so doing constitute valuable consideration to the Restricted Holder.
Material Inducement and Consideration. The Restricted Holder acknowledges and agrees that its entering into this Agreement with the Parent and its covenants and agreements herein are a material inducement to the Parent’s entering into the Merger Agreement and proceeding with the Merger and the Private Placement Offering, and Parent’s so doing constitute valuable consideration to the Restricted Holder. The Restricted Holder further acknowledges and understands that the Restricted Holder’s entry into this Agreement is a condition to the obligation of each of the purchasers in the Private Placement Offering to purchase the Units pursuant to a Subscription Agreement and that each of the Subscription Agreements provides that the Parent shall not amend, modify, waive or terminate any provision of this Agreement except to extend the term of the lock-up period and shall enforce the provisions of this Agreement in accordance with its terms.
Material Inducement and Consideration. The Holder acknowledges and agrees that its entering into this Agreement with the Parent and its covenants and agreements herein are a material inducement to the Parent’s entering into the Merger Agreement and proceeding with the Merger, and ▇▇▇▇▇▇’s so doing constitute valuable consideration to the Holder.