Financially Capable definition

Financially Capable means that as of the Cancellation Date, Specialty Laboratories has, as determined by a financial statement audited by a certified public accountant, (a) a current ratio (I.E., current assets to current liabilities) of at least 1.5:1, (b) a net worth of at least Fifteen Million Dollars ($15,000,000.00), (c) net annual income of at least Six Million Dollars ($6,000,000.00), and (d) accounts receivable as a percentage of net revenue ("Accounts Receivable Percentage") which is not substantially greater than the Accounts Receivable Percentage on the date of this Third Amendment. Tenant shall, concurrently with Tenant's delivery of the Cancellation Notice to Landlord and/or, within ten (10) business days of Landlord's written request, given at any time prior to the Cancellation Date, deliver documentation demonstrating whether or not Specialty Laboratories is Financially Capable. Landlord shall have a reasonable approval right as to whether Specialty Laboratories is Financially Capable of performing the obligations of the Tenant with respect to Suite 500 for the remaining portion of the Suite 500 Term.
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Financially Capable means that the Transferee has the financial wherewithal to perform Tenant’s obligations under this Lease, as reasonably determined by Landlord. If the Transferee has a tangible net worth as determined by generally accepted accounting principles consistently applied (as set forth in the financial statements of the Transferee audited by an independent certified public accountant) of Five Hundred Million and 00/100 U.S. Dollars (US $500,000,000.00) or more and has a minimum bond credit rating of Ba1 from Mxxxx’x Investors Service or BB+ from Standard & Poor’s, the Transferee shall be deemed to be Financially Capable.
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Financially Capable means, in respect of a Person, that either (a) such Person has a credit rating that is equal to or above A-, A3 or an equivalent rating or (b) the payment and performance of all of the obligations of such Person under the Project Agreements to which it is party have been irrevocably and unconditionally guaranteed by an Affiliate of such Person pursuant to a guarantee, which Affiliate has and continues to have a credit rating that is equal to or above A-, A3 or an equivalent rating. Financial Model Formulas means the financial formulas that the Concessionaire and the Authority have agreed upon thirty (30) days following the Effective Date as a basis for the Initial Base Case Financial Model. FM Termination Damages has the meaning ascribed thereto in Section 20.4(b). FNG means Fairbanks Natural Gas, LLC, a limited liability company organized under the laws of the State of Alaska. FNSB has the meaning ascribed thereto in the Recitals. FOB means terms for delivery whereby the passing of risks from the Concessionaire to the LNG Purchaser with respect to LNG shall occur at the Plant upon loading of the LNG into LNG trailers, the Concessionaire will pay to load the LNG onto the LNG trailers and the LNG Purchaser will pay for all costs and expenses (including for transport, unloading, storage, regasification and distribution) beyond that point.
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Examples of Financially Capable in a sentence

  • No.No. of Routes Bided forNet Worth(Rs. in Millions)Turnover(Rs. in Millions)111.05.0222.07.5335.010.04More than three10.020.0 Note2 : The Bidder fulfilling any one of the above mentioned criteria (i.e. Turnover or Net Worth) shall be considered as Financially Capable.

  • No. Note2 : The Bidder fulfilling any one of the above mentioned criteria (i.e. Turnover or Net Worth) shall be considered as Financially Capable.

  • Note - A: The Bidder fulfilling any one of the above mentioned criteria (i.e. Turnover or Net Worth) shall be considered as Financially Capable.

  • The Bidder fulfilling both the above mentioned criteria (i.e. Turnover and Net Worth) shall be considered as Financially Capable.

  • The Bidder fulfilling the above mentioned criteria would be considered as Financially Capable.

  • FINANCIAL CAPABILITY :- Net Worth Turnover (Rs. in Millions) (Rs. in Millions) 1.00 2.00 Note - A: The Bidder fulfilling any one of the above mentioned criteria (i.e. Turnover or Net Worth) shall be considered as Financially Capable.

  • The Bidder fulfilling both mentioned criteria (i.e. Turnover and Net Worth) shall be considered as Financially Capable.

  • Existing operator of AICTSL are not required to produce experience certificate FINANCIAL CAPABILITY Cluster NameNet Worth (Rs. in Crore)Average Turnover (Rs. In Crore)Electric bus along with Intercity Indore-Bhopal Route Note2: The Bidder fulfilling any one of the above mentioned criteria (i.e. Turnover or Net Worth) shall be considered as Financially Capable.

  • Serving larger portions to one group over another 5 6 Question 6/20 The three performance standards are: Organizationally Capable, Performance Standard, Financially Viable Financially Capable, Administratively Capable, Organizationally Capable Financially Viable, Administratively Capable and Organizationally Accountable.

  • No.Net Worth(Rs. in Millions)Turnover(Rs. in Millions)130.0040.0Note: The Bidder fulfilling any one of the above mentioned criteria in the last financial year 2014-15 (i.e. Turnover or Net Worth) shall be considered as Financially Capable.

Related to Financially Capable

  • Financially Literate means the ability to read and understand a set of financial statements that present a breadth and level of complexity of accounting issues that are generally comparable to the breadth and complexity of the issues that can reasonably be expected to be raised by the Corporation’s financial statements.

  • Financially Evaluated Entity means the company which has been evaluated for the satisfaction of the financial requirement set forth in Clause 2.1.3 hereof;

  • Socially and economically disadvantaged person means an individual who is a citizen or lawful permanent resident of the United States and who is Black, Hispanic, Native American, Asian, Female; or a member of another group or an individual found to be disadvantaged by the Small Business Administration pursuant to Section 3 of the Small Business Act.

  • Adequately Capitalized means compliance with the capital standards for bank holding companies as described in the Bank Holding Company Act of 1956, as amended, and regulations promulgated thereunder.

  • Sound means an oscillation in pressure, particle displacement, particle velocity or other physical parameter, in a medium with internal forces that cause compression and rarefaction of that medium. The description of sound may include any characteristic of such sound, including duration, intensity and frequency.

  • Socially and economically disadvantaged individual means any individual who is a citizen (or lawfully admitted permanent resident) of the United States and who is —

  • Socially and Economically Disadvantaged Individuals means those individuals who are citizens of the United Stated (or lawfully admitted permanent residents) and who are women, Black Americans, Hispanic Americans, Native Americans, Asian-Pacific Americans, or Asian-Indian Americans and any other minorities of individuals found to be disadvantaged by the Small Business Administration pursuant to Section 8 (a) of the Small Business Act, RIPTA shall make a rebuttal presumption the individuals in the following groups are socially and economically disadvantaged. RIPTA may also determine, on a case-by-case basis, that individuals who are not a member of one of the following groups are socially and economically disadvantaged:

  • Easily cleanable means that surfaces are readily accessible and made of such materials and finish and so fabricated that residue may be effectively removed by normal cleaning methods.

  • Acutely mentally ill means a condition which is limited to a

  • Commercially Reasonable or “Commercially Reasonable Efforts” means, with respect to any action required to be made, attempted or taken by a Party under this Agreement, the level of effort in light of the facts known to such Party at the time a decision is made that: (a) can reasonably be expected to accomplish the desired action without a material increase in costs incurred by such Party; (b) is consistent with Prudent Industry Practices; and (c) takes into consideration the amount of advance notice required to take such action, the duration and type of action and the competitive environment in which such action occurs.

  • Totally and Permanently Disabled means a person as defined in 42 U.S.C. section 416.

  • As low as is reasonably achievable (ALARA) means making every reasonable effort to maintain exposures to radiation as far below the dose limits in these regulations as is practical, consistent with the purpose for which the licensed or registered activity is undertaken, taking into account the state of technology, the economics of improvements in relation to state of technology, the economics of improvements in relation to benefits to the public health and safety, and other societal and socioeconomic considerations, and in relation to utilization of nuclear energy and licensed or registered sources of radiation in the public interest.

  • Economically disadvantaged means to be eligible to receive free or reduced price

  • Good Utility Practice means any of the practices, methods and acts engaged in or approved by a significant portion of the North American electric utility industry during the relevant time period, or any of the practices, methods and acts which, in the exercise of reasonable judgment in light of the facts known at the time the decision was made, could have been expected to accomplish the desired result consistent with good business practices, reliability, safety and expedition. Good Utility Practice is not intended to be limited to the optimum practice, method, or act to the exclusion of all others, but rather to be acceptable practices, methods, or acts generally accepted by NERC.

  • Not Typically Combined Network Elements shall mean that the particular Network Elements requested by ONS are not elements that BellSouth combines for its use in its network.

  • Prudent Utility Practice means any of the practices, methods and acts engaged in or approved by a significant portion of the electric utility industry during the relevant time period, or any of the practices, methods, and acts which, in the exercise of reasonable judgment in light of the facts known at the time the decision was made, could have been expected to accomplish the desired result at a reasonable cost consistent with good business practices, reliability, safety, and expedition. Prudent Utility Practice is not intended to be limited to the optimum practice, method, or act to the exclusion of all others, but rather to be acceptable practices, methods, or acts, generally accepted in the region.

  • Commercially Reasonable Efforts means efforts which are designed to enable a Party, directly or indirectly, to satisfy a condition to, or otherwise assist in the consummation of, the transactions contemplated by this Agreement and which do not require the performing Party to expend any funds or assume liabilities, other than expenditures and liabilities which are reasonable in nature and amount in the context of the transactions contemplated by this Agreement.

  • Good Industry Practice means standards, practices, methods and procedures conforming to the Law and the degree of skill and care, diligence, prudence and foresight which would reasonably and ordinarily be expected from a skilled and experienced person or body engaged in a similar type of undertaking under the same or similar circumstances.

  • Independently procured insurance means insurance procured under Section 31A-15-104.

  • Dangerous weapon means any weapon, device, instrument, material, or substance, animate or inanimate, which under the circumstances in which it is used, attempted to be used, or threatened to be used is readily capable of causing death or serious physical injury.

  • Insurable Crop means Grain Corn.

  • Good Utility Practices mean any of the practices, methods or acts engaged in or approved by a significant portion of the electric energy industry with respect to similar facilities during the relevant time period which in each case, in the exercise of reasonable judgment in light of the facts known or that should have been known at the time a decision was made, could have been expected to accomplish the desired result at reasonable cost consistent with good business practices, reliability, safety, law, regulation, environmental protection and expedition. Good Utility Practices are not intended to be limited to the optimum practices, methods or acts to the exclusion of all others, but rather to delineate the acceptable practices, methods or acts generally accepted in such industry.

  • Pests means Birds, Vermin and Insects.

  • Mentally ill means having a mental illness.

  • Prudent Industry Practice means such practices, methods, acts, techniques, and standards as are in effect at the time in question that are consistent with (a) the standards generally followed by the United States pipeline and terminalling industries or (b) such higher standards as may be applied or followed by the Xxxxx Entities in the performance of similar tasks or projects, or by the Partnership Entities in the performance of similar tasks or projects.

  • Prudent Utility Practices means those practices, methods, techniques and standards, that are generally accepted for use in electric utility industries taking into account conditions in India, and commonly used in prudent electric utility engineering and operations to design, engineer, construct, test, operate and maintain equipment lawfully, safely, efficiently and economically as applicable to power stations of the size, service and type of the Project, and that generally conform to the manufacturers' operation and maintenance guidelines.