Financial Condition definition

Financial Condition means any monetary condition that is imposed to secure an individual's pretrial release.

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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 or "monetary bail" means any monetary condition that may be imposed under Section 77-20-4 to secure an individual's pretrial release.

Examples of Financial Condition in a sentence

• The Depositor shall deliver to the Trustee any cash identified in the Statement of Financial Condition of the Trust included in the Prospectus not later than the First Settlement Date and the Depositor's obligation to make such delivery shall be secured by the Letter of Credit deposited pursuant to Section 2.01.

• The Depositor shall deliver to the Trustee any cash identified in the Statement of Financial Condition of the Trust included in the Prospectus not later than the First Settlement Date and the Depositor’s obligation to make such delivery shall be secured by the Letter of Credit deposited pursuant to Section 2.01.

• The Depositor shall deliver to the Trustee any cash identified in the "Statement of Financial Condition" of the Trust included in the Prospectus not later than the First Settlement Date and the Depositor's obligation to make such delivery shall be secured by cash or the Letter of Credit deposited pursuant to Section 2.01.

• Agent shall have received an executed Financial Condition Certificate in the form of Exhibit 8.1(k).

• Any and all obligations to pay royalties or other charges with respect to such properties and assets are properly reflected on the financial statements described in Section 4.1.11 (Financial Condition).

More Definitions of Financial Condition

Financial Condition means the financial resources needed to perform the contract. The criteria

Financial Condition. [or "monetary bail"] means any monetary condition that

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 $950,000 (the "Minimum Net Worth"), the Company's pro forma revenues for the 12 months ended June 30, 1997 are not less than $10.4 million, the Company's pro forma earnings before interest and taxes for the 12 months ended June 30, 1997 are not less than $1.9 million, the Company's projected pro forma revenues (as determined in good faith in Provant) for the 12 months ended June 30, 1998 are not less than $12.1 million and the Company's projected 1998 EBIT (as determined in good faith by Provant) is not less than $2.4 million.

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 shall have the meaning set forth in Section 5.06(e).

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.