nominal consideration


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Related to nominal consideration: Contractual agreement

nominal consideration

A token payment or promise given in exchange for something else of greater value. Courts will usually not “look behind the value of consideration,”and even a nominal consideration (such as $1) will support a contract and make it enforceable.It will also support a deed, so that it cannot be set aside.

References in periodicals archive ?
Block, ARCP's Chief Financial Officer said, "The acquisition of ARCT IV will be completed with each stockholder receiving the same nominal consideration per share, comprised of a specified combination of cash, common stock and perpetual preferred securities, with a total fixed nominal consideration, as of October 4, 2013, of $30.
In a grim statement issued yesterday, the firm said: "The terms currently under discussion include a nominal consideration and cash contributions from MFI and the purchaser.
The company, which has been losing a battle to get the businesses back into the black, said it would ask shareholders an an emergency general meeting next week for final approval to dispose of the businesses 'for nominal consideration.
The Department has never sought to impose tax on an 'intra-company assignment of a sale contract' when one business entity in a corporate structure acts as a facilitator or intermediary for the benefit of another business entity in the corporate structure in a real estate acquisition, assigning a sale contract for no or nominal consideration.
In connection with the engagement of NRM as Restructuring Agent, the appointment of Oliver Bialowons as President and the Revolver commitment, the Board, subject to the execution of definitive agreements, approved the issuance of an aggregate of approximately 335,000 shares, subject to certain adjustments, of restricted stock for nominal consideration.
Jurby Corporation, for nominal consideration, comprising an option to acquire a
In a grim statement yesterday, the firm said: "The terms currently under discussion include a nominal consideration and cash contributions from MFI and the purchaser.
DFR to acquire Deerfield for a total nominal consideration of approximately $225 million
Carnarvon and Finder Exploration Pty Ltd (Finder) will grant Apache an option to acquire a 40% interest in WA-436-P and WA-438-P (20% from Carnarvon and 20% from Finder), for a nominal consideration to be exercised on or before 3 July 2014.
2 million Concateno shares currently issued and outstanding after consideration of certain shares which will be repurchased by Concateno for nominal consideration and cancelled as a result of the transaction.
interest in Pace Sensors for a nominal consideration and has agreed to provide
In a simultaneous private transaction, Richard Lusk transferred, for nominal consideration, 20,000,000 "restricted" shares of his own Foldera common stock in order to facilitate the transaction, thereby reducing the dilution to Foldera's existing shareholders.