Define: Market Practice

How is Market Practice defined in a legal contract?

• Market Practice means the usual methods and strategies used, which include ways of implementing transitions of indexes, under repurchase agreements for similar loans with similarly positioned parties. Seen in 4 SEC filings.
• Market Practice means the typical methods and strategies, including how to implement index transitions with similarly positioned counterparties, under similar repurchase facilities for similar assets. Seen in 1 SEC filing.
• Market Practice means the common methods and strategies, including the ways of implementing index transitions, within the market for master repurchase facilities involving similar commercial real estate assets. Seen in 1 SEC filing.
• Market Practice means the level of care, skill, diligence, prudence, efficiency, foresight, and timeliness that would be reasonably expected from a leading and expert supplier of services similar to the Services to a customer like the Customer, such supplier seeking to comply with its contractual obligations in full and complying with applicable Laws. Seen in 1 SEC filing.
• Market Practice means the common methods and deal-making measures by lenders and buyers in the residential mortgage warehouse lending market. This includes how they implement index transitions with respect to other similarly positioned counterparts to Seller and with substantially similar assets to the Eligible Mortgage Loans. Seen in 1 SEC filing.
• Market Practice means the practice and course of dealing, including the manner of implementing transitions of indexes, within secured transactions involving middle-market commercial loans. Seen in 1 SEC filing.
• Market Practice means the practice and course of handling business, including how transitions of indexes are implemented, under similar repurchase facilities. Seen in 1 SEC filing.

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 market practice' 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.

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Genie Definition 1

• Market Practice means the common methods and strategies, including implementing transitions of indexes, under repurchase facilities with similarly positioned parties.

Relevant Contract Types

• Business Contract
• Sales Agreement
• Mergers and Acquisitions Agreement
• Partnership Agreement
• Loan Agreement
• Investment Agreement

Relevant Circumstances

• Structuring of Loan Transactions
• Negotiating Sales Contracts
• Establishing a New Business Partnership
• Managing a Merger or Acquisition
• Establishing an Investment Portfolio

Relevant Sectors

• Finance and Banking Sector
• Real Estate Sector
• Corporate Law Sector
• Investment and Venture Capital Sectors
• Sales and Retail Sector

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Genie Definition 2

• Market Practice means the expected level of care, skill, foresight, and diligence from a leading supplier, aimed at fulfilling its contractual obligations and complying with [applicable laws].

Relevant Contract Types

• Service Agreement
• Licensing Agreement
• Supply and Distribution Agreement
• Employment Contract

Relevant Circumstances

• Outsourcing of Business Functions
• Licensing a New Product or Technology
• Setting up Supply Chains
• Hiring Staff

Relevant Sectors

• IT and Technology Sector
• Manufacturing Sector
• Retail and E-commerce Sectors
• Human Resources Sector
• Supply Chain Sector

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