Independent Consideration definition

Independent Consideration shall have the meaning as set forth in Section 2.14.

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Independent Consideration has the meaning ascribed to such term in Section 4.2.

Independent Consideration shall have the meaning set forth in Section 3.3.

Examples of Independent Consideration in a sentence

The Independent Consideration is not refundable to Buyer under any circumstance except if closing does not occur due to Seller default, but will be applied to the Purchase Price upon the Closing.
The Independent Consideration has been bargained for and agreed upon as consideration for Seller’s execution and delivery of this Agreement, is in addition to and independent of all other consideration provided for in this Agreement, and is nonrefundable in all events, but shall be applied to the Purchase Price if the Transaction closes.
On or before the Closing Date, the Purchase Price (less a credit for the E▇▇▇▇▇▇ Money Deposit and Independent Consideration and plus or minus any prorations and adjustments required by this Agreement) shall be deposited with Title Company by Buyer in immediately available United States funds for Title Company’s subsequent transfer on the Closing Date to an account designated in writing by Seller.
The Independent Consideration is non-refundable to Buyer under any and all circumstances, but applicable to the Purchase Price, and Seller shall retain the Independent Consideration upon any termination of this Agreement notwithstanding any other provision of this Agreement to the contrary.
If, on or before the Inspection Date, Buyer gives Seller written notice that B▇▇▇▇ has elected to terminate this Agreement pursuant to this Section 7.3, then this Agreement shall terminate with such termination to be effective as of the date such notice is given to Seller, in which event the Deposit, less the Independent Consideration, shall be returned to Buyer, and the parties shall have no further rights or obligations hereunder, except for those which expressly survive any such termination.

More Definitions of Independent Consideration

Independent Consideration shall have the meaning given to such term in Section 2.2(b) hereof.

Independent Consideration means material value a merchant receives specifically in exchange for the merchant’s agreement to waive or otherwise restrict its right to surcharge transactions on a Competitive Credit Card Brand, including, e.g., a material reduction in the Competitive Credit Card Brand’s standard acceptance cost applicable to the merchant (i.e., the cost at which transactions on Competitive Credit Card Brand’s cards are surcharged absent such an agreement).  The “Maximum Surcharge Cap” shall be no less than the product of 1.8 times the sum of the system-wide average effective U.S. domestic Visa Credit Card interchange rate plus average network fees (defined to include network set fees to acquirers or merchants associated with the processing of a transaction or with the acceptance of the network’s brand) as of the Preliminary Approval Date or as subsequently adjusted in accordance with this bullet. To facilitate the determination of the Maximum Surcharge Cap, within 10 business days of the Settlement Preliminary Approval Date, the Visa Defendants shall provide Class Counsel with the system-wide average effective U.S. domestic Visa Credit Card interchange rate plus average network fees (calculated based upon the preceding 12 month period) and will publish that amount on Visa’s website in a manner that is readily visible to merchants. The Visa Defendants agree shall adjust the Maximum Surcharge Cap in accordance with this bullet at least annually, and may adjust the Maximum Surcharge Cap in accordance with this bullet no more than two times per year.

Independent Consideration means the sum of One Thousand Dollars ($1,000.00).

Independent Consideration means material value a Merchant receives specifically in exchange for the Merchant’s agreement to waive or otherwise restrict its right to Surcharge transactions on a Competitive Credit Card Brand.

Independent Consideration is defined in Section3.3(a).

Independent Consideration shall have the meaning assigned thereto in Section 2.6.

Independent Consideration has the meaning set forth in Section 3.2.1.