How is Keep Well defined in a legal contract?
- Keep Well means an agreement pertaining to maintaining a specific financial condition. Seen in 4 SEC filings.
- Keep Well means the agreement that cannot be changed or modified without prior written consent. Seen in 1 SEC filing.
- Keep Well means an agreement or commitment to maintain the financial condition of another entity. It also involves not pledging or encumbering shares of capital stock or securities in an entity. Seen in 1 SEC filing.
- Keep Well means is ascribed to the use in a specific section of a legal document. Seen in 1 SEC filing.
Note: The original definitions have been simplified to make them understandable for a business user without losing their legal semantics.
Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
Search EDGAR for ‘Definitions of keep well’ yourself to verify these results. We are always keen to point people to source documents.
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Which definition should you use?
🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
Keep Well means a commitment to maintain an entity’s agreed-upon financial condition.
Relevant Contract Types
Relevant Circumstances
- When a business takes a loan or credit and agrees to maintain a certain financial health.
- When an individual or business becomes a guarantor for another party’s loan or liability.
- In companies that require assurance of maintaining good financial health.
Relevant Sectors
Genie Definition 2
Keep Well means an agreement needing consent for any modifications to maintain an entity's financial well-being.
Relevant Contract Types
Relevant Circumstances
- When partners in a business agree not to change the terms of their financial agreement without mutual consent.
- In cases of a joint venture where the financial condition of each party is dependent on the agreed terms.
Relevant Sectors
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Keep Well means a commitment to maintain an entity's agreed-upon financial condition
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