Adequate Financial Resources Clause Samples

The Adequate Financial Resources clause requires a party to maintain sufficient financial means to fulfill its obligations under the agreement. In practice, this may involve demonstrating access to funds, maintaining certain financial ratios, or providing evidence of solvency upon request. This clause ensures that the party is financially capable of performing its duties, thereby reducing the risk of non-performance due to financial instability.
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Adequate Financial Resources. Parent has, and at all times will have, adequate financial resources to pay the Merger Consideration and to comply with all of its obligations contemplated hereby.
Adequate Financial Resources. Endosonics has the necessary financial resources to consummate the Merger and the transactions contemplated by this Agreement.
Adequate Financial Resources. Company Name has adequate financial resources to manage this contract, as established by our audited financial statements (OR list what else may have been submitted) submitted as part of our response to this proposal. If the offeror is selected for an award valued at $30,000 or above, and is not exempted based on a negative response to Section 3(a) below, any first-tier subaward to the organization may be reported and made public through ▇▇▇▇.▇▇▇ in accordance with The Transparency Acts of 2006 and 2008. Therefore, in accordance with FAR 52.240-10 and 2 CFR Part 170, if the offeror positively certifies below in Sections 3.a and 3.b and negatively certifies in Sections 3.c and 3.d, the offeror will be required to disclose to CHEMONICS for reporting in accordance with the regulations, the names and total compensation of the organization’s five most highly compensated executives. By submitting this proposal, the offeror agrees to comply with this requirement as applicable if selected for a subaward. In accordance with those Acts and to determine applicable reporting requirements, Company Name certifies as follows: In the previous tax year, was your company’s gross income from all sources above $300,000? Yes No In your business or organization's preceding completed fiscal year, did your business or organization (the legal entity to which the DUNS number belongs) receive (1) 80 percent or more of its annual gross revenues in U.S. federal contracts, subcontracts, loans, grants, subgrants, and/or cooperative agreements; and (2) $25,000,000 or more in annual gross revenues from U.S. federal contracts, subcontracts, loans, grants, subgrants, and/or cooperative agreements?: Yes No Does the public have access to information about the compensation of the executives in your business or organization (the legal entity to which the DUNS number it provided belongs) through periodic reports filed under section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m(a), 78o(d)) or section 6104 of the Internal Revenue Code of 1986? (FFATA § 2(b)(1)): Yes No Does your business or organization maintain an active registration in the System for Award Management (▇▇▇▇▇://▇▇▇.▇▇▇.gov/)? Yes No
Adequate Financial Resources. GRANTEE shall have available non-federal resources, and resources other than those received from the CITY, readily convertible to cash in an amount to repay CITY all disallowed costs incurred in connection with this AGREEMENT, which resources shall be accessible to CITY during the entire retention period, and for one (1) year thereafter.
Adequate Financial Resources. CONTRACTOR shall have available non-federal resources, and resources other than those received from the CITY, readily convertible to cash in an amount to repay CITY all disallowed costs incurred in connection with this AGREEMENT, which resources shall be accessible to CITY during the entire retention period, and for one (1) year thereafter. CONTRACTOR is referred to under this provision as “Contractor”. In addition to all the other terms and conditions of this AGREEMENT, Contractor agrees to comply with the following FEMA provisions in performing the AGREEMENT. If any of these FEMA provisions conflict with any other provisions of this AGREEMENT, the FEMA provisions will take precedence unless the other provision is more restrictive, in which case the other provision will control as required under Section 12 above. A. Federal Equal Employment Opportunity (41 C.F.R. Section 60-1.4(b)) 1. The Contractor will not discriminate against any employee or applicant for employment because of race, color, religion, sex, or national origin. The Contractor will take affirmative action to ensure that applicants are employed, and that employees are treated during employment without regard to their race, color, religion, sex, or national origin. Such action shall include, but not be limited to the following: employment, upgrading, demotion, or transfer; recruitment or recruitment advertising; layoff or termination; rates of pay or other forms of compensation; and selection for training, including apprenticeship. The Contractor agrees to post in conspicuous places, available to employees and applicants for employment, notices to be provided setting forth the provisions of this nondiscrimination clause. 2. The Contractor will, in all solicitations or advertisements for employees placed by or on behalf of the Contractor, state that all qualified applicants will receive considerations for employment without regard to race, color, religion, sex, or national origin. 3. The Contractor will send to each labor union or representative of workers with which he has a collective bargaining agreement or other contract or understanding, a notice to be provided advising the said labor union or workers’ representatives of the Contractor’s commitments under this section, and shall post copies of the notice in conspicuous places available to employees and applicants for employment. 4. The Contractor will comply with all provisions of Executive Order 11246 of September 24, 1965, and of the ru...
Adequate Financial Resources. The financial resources of Lone Wolf are sufficient to allow Lone Wolf to fund all of its obligations under this Agreement.
Adequate Financial Resources. The financial resources of Fireball are sufficient to allow Fireball to fund all of its obligations under this Agreement.
Adequate Financial Resources. ATC has available to it adequate financial resources to consummate the Merger, including without limitation the ability to make payment of the Cash Consideration.
Adequate Financial Resources. Buyer has cash, marketable securities, and lines of credit available in an aggregate amount sufficient to permit Buyer to pay to Seller the full Purchase Price in connection with the purchase of the Shares from Seller and to otherwise consummate the transactions contemplated by this Agreement.
Adequate Financial Resources. Applicants must be fully aware of the Participation costs of the Programme, or tuition/admission fees for TUT students, and cost of living in Host Institutions countries at the time of the application. The EMJDM/▇▇▇▇▇ scholarships and Consortium scholarships policy must allow applicants with outstanding academic background but limited financial ability to finance their entire period of study. Similarly, the ▇▇▇▇▇ scholarship policy must allow outstanding Japanese TUT applicants with limited financial ability to finance their period of study abroad (maximum of 12 months).