Agreed Upon Standard definition
Agreed Upon Standard means a duty to obtain the highest value reasonably available to the Company’s stockholders, it being acknowledged by the parties that such standard (i) is to be applied only for the limited purposes of the specific clauses of this Agreement in which it appears, (ii) shall not imply that the directors of the Company have a fiduciary duty to act in accordance with such standard unless and to the extent such duty is required by applicable Law, and (iii) is intended to have contractual effect only as between the parties in order to provide an enhanced level of certainty concerning the circumstances in which the Company Board (or a duly authorized committee thereof) may take the actions permitted by Section 5.3(b) and Section 5.3(d) of this Agreement.
Agreed Upon Standard shall have the meaning ascribed thereto in Section 11.1;
Agreed Upon Standard means the standard of care set forth in SECTION 15.
Examples of Agreed Upon Standard in a sentence
The Consignee hereby accepts the above appointment and agrees to market the Parts through sale, lease and exchange transactions for the Consignor in accordance with the Agreed Upon Standard.
More Definitions of Agreed Upon Standard
Agreed Upon Standard means the standard of care set forth in Section 15.