Financial Status. The average annual turnover from similar jobs, of the firm should not be less than 15 Lakhs in the last three years. Copies of profit & loss account and balance sheets duly authenticate by a Chartered Accountant for the last three years should be enclosed.
Financial Status. The Borrower will maintain at all times:
Financial Status. The Contractor warrants that at the time of the commencement of its performance under this Contract, it has not commenced bankruptcy proceedings and that there are no judgments, liens or encumbrances of any kind affecting title to any goods that are the subject of this Contract.
Financial Status. Neither Seller nor the Partnership has (a) made a general assignment for the benefit of its creditors; (b) had an attachment, execution or other judicial seizure of any property interest which remains in effect; or (c) become generally unable to meet its financial obligations as they mature; and neither Seller (with respect to the Partnership only) nor the Partnership has admitted in writing its inability to pay its debts as they mature.
Financial Status. Holder is an “accredited investor” as such term is defined in Regulation D promulgated under the Securities Act. Holder is able to bear the economic risk of an investment in shares of Parent Common Stock for an indefinite period of time, has adequate means of providing for its, his or her current financial needs and personal contingencies, has no need for liquidity in the investment in shares of Parent Common Stock, understands that Holder may not be able to liquidate its, his or her investment in Parent in an emergency, if at all, and can afford a complete loss of the investment.
Financial Status. Maintain:
Financial Status. A. Replacement Reserve is: Fully-funded Under-funded Amount (complete attached schedule) Tax/Insurance Escrow is: Fully-funded Under-funded Amount (complete attached schedule) Property is operating at a: Surplus Deficit Amount If deficit, General Partner funding? Yes No Amount Mortgage Payments are: On Schedule Delinquent Amount Are the taxes current? Yes No (please provide copy of paid tax xxxx) Is the insurance current? Yes No Renewal Date (please provide copy of yearly renewal) B. Please note and explain any significant changes in the following: Administrative Expense Increase Decrease Amount ------------------------------------------------------------------------ ------------------------------------------------------------------------ Repairs/Maintenance Expense Increase Decrease Amount ------------------------------------------------------------------------ ------------------------------------------------------------------------ Utility Expense Increase Decrease Amount ------------------------------------------------------------------------ ------------------------------------------------------------------------ Taxes/Insurance Expense Increase Decrease Amount ------------------------------------------------------------------------ ------------------------------------------------------------------------
Financial Status. Financial Covenants, if any, will be as set forth in an addendum to this Agreement.
Financial Status. The Borrower is not insolvent (as such term is defined in Section 101(32) of the United States Bankruptcy Code of 1978, as amended or Minnesota Statutes Section 513.42, as amended) and will not be rendered insolvent (as such term is defined in Section 101(32) of the United States Bankruptcy Code of 1978, as amended or Minnesota Statutes Section 513.42, as amended) by execution of this Credit Agreement or any other of the Loan Documents, or consummation of the transactions contemplated thereby.
Financial Status. Delivery of Services is subject to credit approval. Customer shall provide BluIP with credit information as requested. Customer hereby consents to BluIP’s retrieval of Customer’s credit information from third parties. As a condition to BluIP’s provisioning of or continuation of Services, BluIP may require that Customer make a deposit or pre-payment, reasonably acceptable to BluIP, BluIP shall hold any deposit or pre-payment provided by Customer under this Section (Financial Status) as security for payment of Customer’s charges without any responsibility for paying Customer interest on any amounts held. Within ninety (90) days of the termination date of all Services, the amount of the deposit or pre-payment will be credited to Customer’s account; any remaining credit balance will be refunded. If at any time during the term of the Agreement there is a detrimental material change in Customer’s financial status, as determined in BluIP’s sole and reasonable discretion, BluIP has the right to modify the payment timing or terminate any credit availability extended to Customer under the Agreement. In the event Customer does not fully remit payment in accordance with the terms of the Agreement, including any such modified payment timing, BluIP has the right to immediately: (a) stop or suspend all provision of the Services; and/or (b) terminate the Agreement, or in whole or in part. Without limiting any of BluIP’s rights and remedies, in the event that Customer becomes a debtor and/or a debtor in possession, whether voluntary or involuntary, in a bankruptcy proceeding under Title 11 of the United States Code, as amended from time to time (the “Bankruptcy Code”), BluIP and Customer agree that: BluIP is a Critical Vendor to Customer; Customer shall include BluIP on the list of Critical Vendors to be paid pursuant to such approved Critical Vendor program: and, that BluIP shall receive treatment under such program at least as favorable as any other Critical Vendor. In such event, Customer shall make best efforts to obtain court approval for BluIP to be deemed a Critical Vendor.
