Examples of Financial Criteria in a sentence
At each stage, ARTC will advise the RCG of its intention as to whether it agrees to fund the next stage (or any increase in Project Costs during project implementation) having regard to the Financial Criteria.
If ARTC elects not to fund a Project in whole or in part, ARTC will provide written reasons why the Financial Criteria are not satisfied to the RCG and, if applicable, the Applicant who has initiated the Project.
If, in ARTC’s opinion, the Project does not satisfy the Financial Criteria, ARTC may elect not to fund a Project, discontinue funding a Project or only fund a Project to a certain level (in which case ARTC will promptly notify the RCG and the Applicant (if applicable)).
All financial statements or data to be derived therefrom for the evaluation of Financial Criteria referred herein shall mean on a consolidated basis.
The weightage for Technical Criteria (based on presentation) will be 70 while Financial Criteria will be 30.