Definition commercially reasonable
WebCommercially Reasonable Manner means a public sale of the personal property in the self - storage space. The personal property may be sold in the owner 's discretion on or off … Webcommercially reasonable manner, or to take commercially reasonable action, solely because it gives preference to its own interests over those of another party. • Reasonable efforts: (a) “Reasonable efforts” refers to one or more reasonable actions reasonably calculated to achieve the stated objective; (b) Any assessment of reasonable ...
Definition commercially reasonable
Did you know?
WebMar 21, 2024 · Commercially reasonable definition: Commercial organizations and activities are concerned with making money or profits ,... Meaning, pronunciation, … WebCommercially reasonable efforts is a term incapable of a precise definition and will vary depending on the context in which it is used. It is based upon a standard of …
WebSR 677 BWAY LLC (Index No. 652971/2024)—involving equity interests in a company holding real property located in Albany, New York—enjoined a UCC foreclosure from proceeding until October 15, 2024, due to the Coronavirus and the resulting market dislocations. In Shelbourne, the court found that that the COVID-19 pandemic has made … Web(3) otherwise in conformity with reasonable commercial practices among dealers in the type of property that was the subject of the disposition. (c) [Approval by court or on …
WebIn submissions, the parties referred to the definition of "Close-Out Amount" in the ISDA 2002 Master Agreement which provides that "Close-Out Amount" is to be "…determined … Webcommercially reasonable adj. : fair, done in good faith, and corresponding to commonly accepted commercial practices [a secured party after default may sell…the collateral in …
WebReasonable Time: In the absence of an express or fixed time established by the parties to an agreement or contract (especially one that falls under the purview of the Uniform Commercial Code [UCC]), any time which is not manifestly unreasonable under the circumstances. For example, if a contract does not fix a specific time for performance, ...
WebFeb 18, 2011 · Refining the Definition of "Commercial Reasonableness" Under UCC Article 9 Regal Finance Co., Ltd. v. Tex Star Motors, Inc., --- S.W.3d ---, 2010 WL 3277132, 53 Tex. Sup. Ct. J. 1034 (Tex. 2010) ... A sale is commercially reasonable if it conforms to reasonable commercial practices among dealers in the type of property that was … fine rugs of chevy chaseWebDefine COMMERCIALLY REASONABLE EXPENSES. are those costs and expenses which a reasonable person acting in a commercially prudent manner, taking into account (but without imposing an absolute requirement) the need to minimise his expenditure, would expend, in the case of any obligation to carry out the remediation of Environmental … fine ruth in three pinesWebDefine Commercially Reasonable Efforts. means such level of efforts required to carry out such obligation in sustained manner consistent with the efforts MedImmune or Inovio, as … fine rug washing goleta caWebWhat is a Commercially Reasonable Security Procedure 97 This article will explore the receiving bank’s ability under Article 4A to avoid liability for a fraudulent payment order if it has a “commercially reasonable” security procedure in place. Of necessity, this article will discuss the related issues of whether the particular security error boolean is not defined no-undefWebA. Commercially Reasonable All aspects of an Article 9 sale must be commercially reasonable but substantial flexibility exists within that framework. As section 9-504(3) indicates, secured lenders have a great deal of flexibility as to how they dispose of collateral. The overriding and seemingly simple finer vt toursWebJan 20, 2024 · The obligation to use reasonable efforts, commercially reasonable efforts, or even best efforts does not generally mean that the promising party must be successful or take exhaustive measures to fulfill … error bluetooth codigo 43WebMar 31, 2024 · New York – New York courts have held that “commercially reasonable efforts” is an objective standard, focused on objective reasonableness. Holland Loader Co., LLC v. FLSmidth A/S, 313 F. … error bootloader moto g