financial resources definition
Examples of financial resources in a sentence
In the event of the Borrower's insolvency or the Borrower becoming unable at any time to comply with any applicable provisions of the Financial Resources Rules , the rights of the Lender in respect of the Subordinated Liabilities will be subordinated in all respects to the rights of Senior Creditors in respect of the Senior Liabilities.
The audit report must be sent to: Federal Audit Clearing House Internet Data Entry System Electronic Submission: ▇▇▇▇▇://▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇/facides/(S(0vkw1zaelyzjibnahocga5i0))/account/login.aspx AND Office of Financial Resources, Risk Management and Internal Control Unit's Audit Resolution Team (ART), ▇▇▇▇▇.▇▇▇▇▇.▇▇▇▇▇▇▇▇▇▇@▇▇▇.▇▇▇.
Any amendment to this Agreement made or purported to be made without the prior written consent of the Commission shall be void, and at any time after the Commission shall have become aware of any such amendment it shall be entitled to declare by notice in writing to the Borrower and the Lender that the Loan will no longer be taken into account for the purposes of determining compliance by the Borrower with the Financial Resources Rules.
Accordingly any [payment under Clause 3 or]* repayment under Clause 4 is conditional upon the solvency of the Borrower and compliance by the Borrower with all applicable provisions of the Financial Resources Rules both at the time of such [payment or]* repayment and immediately thereafter and such [payment/ repayment] shall not be made unless this condition is satisfied.