Fiscal Stability Clause Samples

Fiscal Stability. The obligations of the CONTRACTOR in respect of this Contract shall not be changed by the GOVERNMENT and the general and overall equilibrium between the Parties under this Contract shall not be affected in a substantial and lasting manner.
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Fiscal Stability. The District’s agreement to offer this part-time medical benefit coverage is contingent upon state funding and the ability of the District to receive up to 100% reimbursement for expenditures directly attributable to the program. Should the District incur, due to no fault of their own, a liability greater than $300,000, the final state budget does not continue to fund part-time faculty medical benefits, does not fund part-time faculty medical benefits at a sustainable level, or if the Chancellor’s Office does not reimburse the District for 100% of the benefit contribution costs attributable to part-time faculty, the District may immediately reopen negotiations on Article
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Fiscal Stability. Briefly describe Proposer’s experience with, and current strategies for, ensuring that the Proposer conducts business in a fiscally responsible manner and remains financially solvent through the ▇▇▇▇▇▇▇▇, Inc. proposed contract period. If Proposer is a corporation (as opposed to an individual): identify the staff or board members that have fiscal responsibilities; and include a copy of the Proposer’s last fiscal review or audit, or, if the Proposer is a “new” business, include a copy of a business plan completed within the last year.
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Related to Fiscal Stability

  • Financial Reports Until such time that the Corporation has a class of its equity securities registered under the Exchange Act and is required to file reports thereunder pursuant to Sections 13 or 15(d) of the Exchange Act, except with respect to the obligation set forth in Section 3.7(e)(i) hereof which shall survive such time, the Corporation shall furnish each of the Investors and Canadian Investors with the financial information described below: (a) Within 20 days after the last day of each calendar month (or such other calendar period as is approved by the Board), financial statements, including a balance sheet as of the last date of such month, a statement of income (or monthly operating expenses) for such month, together with a cumulative statement of income from the first day of the fiscal year to the last day of such month, which statements shall be prepared from the books and records of the Corporation, a cash flow analysis, together with cumulative cash flow analyses from the first day of the fiscal year to the last day of such month, and a comparison between the actual monthly operating expenses and the projected figures for such month and the comparable figures for the prior year, subject to the provisions of Section 3.9 hereof. (b) The Corporation shall deliver to each of the Investors and Canadian Investors, within 45 days after the end of each fiscal quarter, unaudited financial statements for such fiscal quarter, certified by the Chief Financial Officer or the Treasurer of the Corporation as presenting fairly the financial condition and results of operations of the Corporation and as having been prepared on a basis consistent with the accounting principles reflected in the Corporation's annual audited financial statements (subject to the absence of footnotes), accompanied by a report, signed by the Chief Financial Officer or the Treasurer of the Corporation, summarizing the operating and financial highlights of the Corporation for such quarter, which report shall include (a) a comparison between the actual quarterly operating and financial results, the Budget (as defined in Section 3.8 hereof) and the results of that quarter for the prior fiscal year of the Corporation, together with an explanation of material variances from the Budget and such prior year quarter, as the case may be, and (b) a narrative analysis of operations and trends in the business of the Corporation during such quarter. (c) Within 90 days after the end of each fiscal year of the Corporation, audited financial statements of the Corporation, which shall include an income statement and a statement of cash flow for such fiscal year and a balance sheet as of the last day thereof, each prepared in accordance with generally accepted accounting principles consistently applied, and accompanied by the report of an independent accounting firm of national reputation as shall have been approved by the Board. (d) If for any period the Corporation shall have any subsidiary or subsidiaries whose accounts are consolidated with those of the Corporation, then the financial statements delivered for such period pursuant to paragraphs (a), (b) and (c) of this Section 3.7 shall be the consolidated and consolidating financial statements of the Corporation for all such consolidated subsidiaries. (e) Promptly upon becoming available: (i) copies of all financial statements, reports, press releases, notices, proxy statements and other documents sent by the Corporation to its Stockholders or released to the public and copies of all regular and periodic reports, if any, filed by the Corporation with the Commission or any securities exchange or self-regulatory organization; and (ii) any other financial or other information available to management of the Corporation that any of the Investors and Canadian Investors shall have reasonably requested on a timely basis.