What is the difference between "best efforts," "reasonable efforts," and "commercially reasonable efforts"?

Jan 2, 2025 ... An executory contract is a legally binding agreement where both parties have ongoing responsibilities to fulfill. Jul 9, 2024 ... An executory trust exists where property is held on a current trust, but there is an obligation to execute a further, final trust instrument respecting the ... Jul 1, 2018 ... ON EXECUTORY CONTRACTS AND LEASES, ABI COMMISSION TO. STUDY THE REFORM OF CHAPTER 11: EXECUTIVE SUMMARY REGARDING SECTION 365 ISSUES 1. (2013) [ ... Dec 15, 2024 ... An executory cost is any expenditure not included in the minimum ongoing payments associated with a lease. These expenditures are usually ... Executory contracts include any real estate transaction that defers material action by either party into the future. Any contract for deed, lease option, or ... If the settlement agreement was found to be executory then section 365 of the Bankruptcy Code would allow the contract to still be assumed. However, since these ... Contracts to buy or sell a non-financial item that can be settled net in cash or another financial instrument or by exchanging financial instruments, "Residential executory real estate contract" means an installment land contract, lease option contract, or rent-to-own contract by which a purchaser acquires ... executory adjective (ADMINISTRATIVE). relating to the arrangements for making decisions and managing businesses: Only they have the executory power to make a ... Sep 19, 2022 ... An executory promise, also known as an executory contract, takes place when two parties agree to a certain set of terms and conditions that are ...