Financial Difficulty definition

Financial Difficulty means the necessity to comply with air pollution regulations, including the Clean Air Act Amendments.

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Financial Difficulty means having financial difficulty with complyingthe necessity to comply with air pollution regulations, including the Clean Air Act Amendments, as determined by the ombudsperson.

Financial Difficulty means current or impending financial conditions that impair or may impair the ability of a provider to meet existing or future obligations.

Examples of Financial Difficulty in a sentence

• All rights and licenses granted under or pursuant to this Agreement to BioMarin shall automatically terminate if BioMarin suffers Financial Difficulty, and all rights and licenses granted under or pursuant to this Agreement by BioMarin to Serono shall remain in effect (pending Serono’s election as licensee) and are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the Bankruptcy Code, licenses of rights to “intellectual property” as defined under Section 101 of the Bankruptcy Code.

• TERM AND TERMINATION 17 9.1 Term 17 9.2 Notice of Breach 17 9.3 Termination for Breach 17 9.4 Termination for Financial Difficulty 18 9.5 Termination for Convenience 18 9.6 Independent Certifier’s Rights upon Termination for Convenience 18 9.7 Procedure upon Termination 18 9.8 Effect of Termination 19 9.9 Survival 19 10.

• Financial Difficulty If we have reason to believe that you are in financial difficulty, we will pay due regard to your interests and will treat you fairly and in accordance with our policy on the treatment of customers in arrears and or vulnerable customers.

More Definitions of Financial Difficulty

Financial Difficulty means any situation that substantially and persistently prevents the borrower from fulfilling its financial commitments in accordance with the original terms and conditions either currently or actually or likely in the near future (e.g. a threat of insolvency situation);

Financial Difficulty means a situation where company becomes or may become insolvent immediately or in the near future if the company is not restructured made pursuant to this Act;

Financial Difficulty means any one of the following:

Financial Difficulty means having financial difficulty with complying with air pollution regulations, including the Clean Air Act, as determined by the ombudsperson.

Financial Difficulty means a state in which a company may become or likely to become an insolvent either immediately or in the near future if it is not restructured under this Act.

Financial Difficulty means the occurrence with respect to any Party of such Party: (a) filing in any court pursuant to any statute, a petition in bankruptcy or insolvency or for reorganization in bankruptcy or for an arrangement or for the appointment of a receiver or trustee for such Party or of its assets; (b) being served with an involuntary petition against it, filed in any insolvency proceeding, and where such petition has not been dismissed within sixty (60) days after the filing thereof; (c) proposing or being a party to any dissolution; or (d) making an assignment for the benefit of creditors.

Financial Difficulty of a party shall mean the occurrence of: (i) filing by the party in any court pursuant to any statute, a petition in bankruptcy or insolvency or for reorganization in bankruptcy or for an arrangement or for the appointment of a receiver or trustee for such party or of its assets; (ii) being served with an involuntary bankruptcy petition against it where such petition has not been dismissed within ninety (90) days after the filing thereof; or (iii) making an assignment for the benefit of creditors.