Financial Condition or "monetary bail" means any monetary condition that may be imposed under Section 77-20-4 to secure an individual's pretrial release.
Financial Condition means the financial resources needed to perform the contract. The criteria used to evaluate a bidder’s financial condition shall include, at a minimum, capacity to obtain all required payment bonds, performance bonds, and liability insurance.
Financial Condition. Maintain at all times:
Examples of Financial Condition in a sentence
Financial condition of the firm and ability to perform all obligations of any resultant contract.
Financial condition includes impacts from diminished capital and liquidity.
Financial condition of the MA or- ganization, including the most recently audited information regarding, at least, a description of the financial condition of the MA organization offer- ing the plan.
Further, management should consider the institution’s ability to review the vendor’s internal audits, the cost for additional system and data conversions or interfaces presented by the vendor, and the vendor’s level of technological expenditures to ensure on-going support.● Financial condition.
This section of the Proposal should establish the ability of the Proposer to satisfactorily perform the required services by reasons of: (1) Demonstrated competence in the services to be provided; (2) Experience in performing services of a similar nature; (3) Strength and stability of the team; (4) Supportive client references; and (5) Financial condition and current and/or projected work load.
More Definitions of Financial Condition
Financial Condition means that, using the same principles and assumptions used by Provant in the preparation of its pro forma financial statements contained in the Registration Statement, the Company's Closing Net Worth is not less than $1.175 million (the "Minimum Net Worth"), the Company's pro forma revenues for the 12 months ended June 30, 1997 are not less than $7.1 million, the Company's pro forma earnings before interest and taxes for the 12 months ended June 30, 1997 are not less than $1.2 million, the Company's projected pro forma revenues (as determined in good faith by Provant) for the 12 months ended June 30, 1998 are not less than $7.8 million and the Company's projected 1998 EBIT (as determined in good faith by Provant) is not less than $1.02 million.
Financial Condition. [or "monetary bail"] means any monetary condition that
Financial Condition. Since the date of CFMS's and Parent's last audited financial statements, CFMS and Parent have conducted their business in the ordinary course and in a manner consistent with past practice and, since such date, there has not been any material adverse effect on the CFMS's or Parent's financial condition, results of operation or assets. Each of the balance sheets of CFMS and Parent provided to MOHELA fairly present the financial position of CFMS and Parent as of their respective dates in accordance with GAAP. Each of the statements of income and of cash flow of CFMS and Parent provided to MOHELA fairly present the results of operations and cash flows, as the case may be, of CFMS and Parent for the periods set forth in those statements of income and cash flows, in each case in conformity with GAAP consistently applied throughout the periods indicated. Neither CFMS nor Parent (i) has liabilities or obligations of any nature (whether accrued, absolute, contingent or otherwise) that, individually or in the aggregate, have had or could reasonably be expected to have a material adverse effect on CFMS's or Parent's financial condition, results of operations or assets; (ii) is insolvent; (iii) has made a general assignment for the benefit of creditors; (iv) has suffered or permitted the appointment of a receiver for its business and assets; (v) has become subject to a proceeding under the bankruptcy or insolvency law, whether domestic or foreign; or (vi) has liquidated, voluntarily or otherwise.
Financial Condition means, for any date, (i) prior to the Sell Down Date, the Leverage Ratio (as defined in the Indenture) for the Borrower’s most recently ended four fiscal quarters for which internal financial statements are available immediately preceding such date would be less than 3.50 to 1.00, and (ii) on or after the Sell Down Date, the Fixed Charge Coverage Ratio (as defined in the Indenture) for the Borrower’s most recently ended four fiscal quarters for which internal financial statements are available immediately preceding such date would be at least 2.00 to 1.00, in each case determined on a pro forma basis (including a pro forma application of the net proceeds of any Indebtedness incurred on such date, as if the additional Indebtedness had been incurred and the application of proceeds therefrom had occurred at the beginning of such four-quarter period.
Financial Condition. SOPHISTICATION. Such Purchaser's financial condition is such that such Purchaser is able to bear the risk of holding the Preferred Shares for an indefinite period of time and can bear the loss of such Purchaser's entire investment in the Preferred Shares. Such Purchaser has such knowledge and experience in financial and business matters and in making high risk investments of this type that such Purchaser is capable of evaluating the merits and risks of the purchase of the Preferred Shares and understands that there may be no established market for the Company's capital stock.
Financial Condition. As of the Date of Closing of the Phase II Loan, there shall have been no material adverse change in the financial condition or credit of Borrower or any Guarantor or tenant of the Project nor in the value or condition of the Project.