Adequate consideration definition

Adequate consideration means that the fair market value (FMV) of the property or services received, in exchange for transferred property, approximates the FMV of the property transferred.

Adequate consideration means the personal property or

Adequate consideration means the property was given to the

Examples of Adequate consideration in a sentence

• The Trustee shall have been furnished with an opinion of Sheshunoff to the effect that the Purchase Price to be paid by the Buyer for the Shares is not in excess of "Adequate Consideration" within the meaning of Section 3(18)(B) of ERISA, and such opinion shall remain in effect and shall not have been withdrawn by such valuation consulting firm prior to the Closing.

• The Trustee may acquire LSAI Stock from a "Party-in-Interest" (as defined in section 3(14) of the Act) or a "Disqualified Person" (as defined in section 4975(e)(2) of the Code) for no more than Adequate Consideration in accordance with the requirements of section 408(e) of the Act.

• Section 4.4(b)(iii) of Seller's Disclosure Schedule sets forth a true and complete list of each item included in the inventory reserve reflected in the Pro Forma Balance Sheet.

• Notwithstanding any provision in this Agreement to the contrary, Buyer's obligation to consummate the Closing is conditioned on the Trustee's receipt of a favorable opinion from Alex Xxxxxxxxxx & Xo. ("Sheshunoff") that the Purchase Price does not exceed "Adequate Consideration" (as defined in Section 3(18) of the Employee Retirement Income Security Act of 1974, as amended ("ERISA")).

More Definitions of Adequate consideration

Adequate consideration means consideration equal, or reasonably proportioned to the value of that for which it is given.

Adequate consideration means the property was given to the person as payment for bona fide goods or services provided by the person and the payment was at a rate that was customary for similar goods or services in the community that the vulnerable adult resided in at the time of the transaction.

Adequate consideration means the reasonable value of the goods or services received in exchange for transferred property that approximates the reasonable value of the prop- erty transferred.

Adequate consideration means (1) the employee worked for

Adequate consideration. ’ means the personal property or finan- cial resources were given to the person as payment for bona fide goods or services provided by such person and the payment was at a rate cus- tomary for similar goods or services in the community that the dependent adult or elder person resided in at the time of the transaction.

Adequate consideration means (1) the employee worked for the employer for at least 2 years after the employee signed an agreement containing a covenant not to compete or a covenant not to solicit or (2) the employer otherwise provided consideration adequate to support an agreement to not compete or to not solicit, which consideration can consist of a period of employment plus additional professional or financial benefits or merely professional or financial benefits adequate by themselves.

Adequate consideration means that the reasonable value of goods or services received in exchange for trans- ferred property approximates the reasonable value of the property transferred;))