Financial Performance Sample Clauses

Financial Performance. 7.1.1 No other financial performance covenants are imposed at this time unless provided elsewhere herein or in other Loan Documents.
Financial Performance. To the extent required to confirm Lessee’s proper remittance of all sums required to be remitted by Lessee under Section 3.1.2, Lessee shall make available for State’s review and inspection (at times and locations designated by Lessee) Lessee’s records related to such collection and remittance, but Lessee shall not be required to deliver or make available to State any confidential or proprietary financial information otherwise related to its operation of the Leased Premises. If State receives any public disclosure request under any applicable law and State’s response to such request may include any documents, information and/or records of the type described in this Section 16.2, or if State is otherwise required or compelled to disclose any of the foregoing under applicable law, rule or regulation, legal process, subpoena, court order, civil investigative demand, or request of other legal or regulatory authority, then State shall promptly provide Lessee with written notice of such disclosure request or requirement, as applicable, and State shall not make such disclosure for fifteen
Financial Performance. 30. The IAs shall develop consolidated financial accounts for the operation and management of the Subprojects. These financial accounts shall include statements of profit and loss, cash flow (or sources and uses of funds) and a balance sheet representing the operational activities of the Subprojects, reflecting the current account of the agencies related to the operation and management of the Subprojects.
Financial Performance. Section II, Indicator 1: Near-Term Measures Near-term financial measures are used to calculate a charter school's ability to cover its short term (less than 1 year) financial obligations. Measure 1a, Current Ratio (Working Capital Ratio): Current assets divided by current liabilities Does the school have the ability to cover short-term financial obligations? Points Available Exceeds Standard: • Current Ratio is greater than 3.0 20 Meets Standard: • Current Ratio is between 1.0 and 3.0 and the one-year trend is positive (current year ratio is higher than previous year’s) 15 Approaches Standard: • Current Ratio is between 0.9 and 1.0 or equal to 1.0 OR Current Ratio is between 1.0 and 3.0 and one- year trend is negative 10 Does Not Meet Standard: • Current Ratio is less than or equal to 0.9 0 Measure 1b, Unrestricted Days Cash: Unrestricted Cash divided by (Total Expenses/365) Does the school maintain an appropriate balance of cash on hand? Points Available Exceeds Standard: • Days Cash greater than 75 days 20 Meets Standard: • Between 45 and 75 Days Cash and one-year trend is positive 15 Approaches Standard: • Days Cash is between 15 and 45 days OR Days Cash is between 45 and 75 days and one-year trend is negative 10 Does Not Meet Standard: • Less than 15 Days Cash 0 Measure 1c, Enrollment Variance: [Actual Enrollment during the October FTE Count(fiscal year x) – school enrollment projection(fiscal year X)] / school enrollment projection(fiscal year X) Is the school able to project enrollment in a way that enables them to adequately budget? Points Available Exceeds Standard: • Enrollment Variance equals less than 2 percent 10 Meets Standard: • Enrollment Variance is between 2 and 8 percent 5 Does Not Meet Standard: • Enrollment Variance is greater than 8 percent 0 Measure 1d, Default Is the school repaying debts in a timely manner? Points Available Meets Standard: • School is not in default of loan covenant(s) and/or is not delinquent with debt service payments OR • School does not have any outstanding debt 10
Financial Performance. 2. (a) Except as ADB shall otherwise agree, NTDC shall not incur any debt unless a reasonable forecast of the revenues and expenditures of NTDC shows that the estimated net revenues of NTDC for each fiscal year shall be, commencing from 2010, at least 1.2 times the maximum estimated debt service requirements of NTDC in such year on all debt of NTDC, including the debt to be incurred.
Financial Performance. Fail to reflect in any balance sheet, --------------------- statement, report, accounting or analysis provided to the Bank under sections 6.6.1 or 6.6.2 hereof a minimum of $100,000 in profits on a quarterly basis (pre-tax and calculated in accordance with generally accepted accounting methods) or a minimum of $750,000 in profits for each fiscal year (pre-tax and before reduction for any accelerated write-downs of the value of the Collateral, or extraordinary reduction, relating to amortization of existing video cassette inventory, calculated in accordance with generally accepted accounting methods).