Financial Qualifications. (i) In addition to the experience questionnaire (Section IV) required to be submitted with the bid, after the opening of bids and when directed by the Commissioner, the bidder may also be required to submit a sworn statement setting forth such information as the Commissioner may require concerning its financial condition, present and proposed plant and equipment, the personnel and qualifications of its working organizations, prior experience and performance record. The Department may require any bidder or prospective bidder to furnish all books of account, records, vouchers, statements or other information concerning the bidder's financial status for examination as may be required by the Agency to ascertain bidder's responsibility and capability to perform the contract. If the bidder fails or refuses to supply any of the documents or information set forth in paragraph (a) hereof or fails to comply with any of the requirements thereof, the Department may reject the bid.
Financial Qualifications. (a) The Agency may require any bidder or prospective bidder to furnish all books of account, records, vouchers, statements or other information concerning the bidder's financial status for examination as may be required by the agency to ascertain bidder's responsibility and capability to perform the contract.
Financial Qualifications. The Authority may require any Bidder to furnish all books of account, records, vouchers, statements or other information concerning the Bidder's financial status for examination as may be required by the Authority to ascertain the Bidder's responsibility. If the Bidder fails or refuses to supply any of the documents or information requested pursuant to this paragraph, the Authority may reject the bid as non-responsive.
Financial Qualifications. Buyer is financially qualified to consummate the transactions contemplated by this Agreement and to certify to its financial qualifications on FCC Form 314.
Financial Qualifications. He/she/it or any fiduciary account for which he/she/it is purchasing, has a net worth (inclusive of homes(s) valued at cost, but exclusive of home furnishings and automobiles) in excess of $1,000,000 or at the time of the purchase has an individual income which exceeds $200,000 in each of the two most recent years or joint income with his or her spouse in excess of $300,000 in each of those years and has a reasonable expectation of reaching the same income level in the current year.
Financial Qualifications. (to meet the Eligibility Criteria)
Financial Qualifications. In conjunction with our decision whether to accept or reject a proposed site, we may require that you and your Principal Owners furnish us financial statements (historical and pro forma), of the sources and uses of capital funds, budgets and other information regarding yourself, your Principal Owners and each legal entity, if any, involved in the development, ownership and operation of any Noodles & Company restaurant you propose, as well as any then existing Noodles & Company restaurants you or your Affiliates own. We may require some if not all of the following information, and reserve the right to make additional reasonable requests for information: · Audited financial statements for the last three (3) fiscal years · Interim unaudited financial statements consisting of a balance sheet, income statement and statement of cash flows, prepared in accordance with generally accepted accounting principles, for the current fiscal year · Restaurant level income statements for the last three (3) years and current interim period for other franchise operations owned containing at a minimum a disclosure of net sales, comparables, cost of goods sold, labor, taxes and benefits, controllable expenses, occupancy costs and non-controllable expenses · Calculation of restaurant same store sales for the last three (3) years and current interim period for all other franchise restaurants owned All such information shall be verified by you and your Principal Owners as being complete and accurate in all respects, shall be submitted to us in accordance with our requirements and will be relied on by us in determining whether to grant a franchise for the proposed Noodles & Company restaurant. We may refuse to grant you a franchise for a Noodles & Company restaurant; (i) if you fail to demonstrate sufficient financial and management capabilities to properly develop and operate the proposed Noodles & Company restaurant and the then-existing Noodles & Company restaurants you and your Affiliates own; (ii) you have failed to properly develop and operate on a continuous basis the then-existing Noodles & Company restaurants you and your Affiliates own; (iii) you have failed to fully comply with this Agreement and any franchise agreements between you and us, including the Development Schedule within the Development Periods; or (iv) you are ineligible to hold or will be, in our opinion, unable to obtain a liquor license for each Noodles & Company restaurant contemplated by this Agreement. ...
Financial Qualifications a. In addition to the experience questionnaire required to be submitted with the bid, after the opening of bids, if directed by the Commissioner, the bidder may also be required to submit a sworn statement setting forth such information as the Commissioner may require including but not limited to information regarding his financial condition, present and proposed plant and equipment, personnel and qualifications of his organization, prior experience, performance record.
Financial Qualifications. Buyer will have available on the Closing ------------------------ Date, sufficient funds to enable it to consummate the Transaction contemplated hereby.
Financial Qualifications. Purchaser represents and warrants to Seller ------------------------ that at and after Closing Purchaser will have the financial ability to perform Purchaser's obligations under this Agreement. Moreover, as of the date of this Agreement, Purchaser has adequate cash, cash equivalents or availability under its credit facilities to borrow sufficient sums to pay the Closing Price for the First Closing.
