Financially Responsible Party definition

Financially Responsible Party means each parent company or Affiliate (if any) that is designated by the Respondent to provide an Equity Member or Lead Construction Contractor with the financial support and human resources needed to successfully complete the Project. A change in a Financially Responsible Party following submission of the SOQ may be considered a change in Shortlisted Proposer team membership and subject to the requirements of Section 3.6.
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Financially Responsible Party means the parent company, Affiliate, or other entity whose financial statements that Proposer provides to demonstrate the financial capacity of Proposer and/or an Equity Member.
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Financially Responsible Party means an entity with financial capacity and standing that will be acceptable to the Joint Board as a guarantor of the Proposer’s obligations under the Contract if the Proposer were to be awarded the Contract by the Joint Board.
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Examples of Financially Responsible Party in a sentence

  • The information of the Financially Responsible Party provided below must be 100% accurate.

  • County may make a written demand for additional deposit(s) and the Financially Responsible Party shall deposit with County such additional sums demanded within 30 calendar days of the date of County's request.

  • Where the County determines it is necessary to engage the services of an outside contractor or other County Departmental staff to assist with application processing, costs for such services are to be paid by the Financially Responsible Party in the same manner identified above.

  • At the sole discretion of Financially Responsible Party the amount of an initial or any supplemental deposit may exceed the minimum amounts defined herein.

  • If the Financially Responsible Party fails to complete the Change of Financial Responsibility Form when they are no longer the Financially Responsible Party, then any remaining funds in the deposit account will automatically transfer to the new Financially Responsible Party.


More Definitions of Financially Responsible Party

Financially Responsible Party means (a) with respect to the Proposer, (i) each joint venture member of the Proposer, and (ii) any other entity (if any) that is guaranteeing the financial capabilities of the Proposer; and (b) with respect to the Lead Contractor, any entity guaranteeing the financial capabilities of the Lead Contractor, and may be (i) the Lead Contractor itself, and/or (ii) a parent company or an affiliate of the Lead Contractor that will provide financial support to serve as a guarantor with respect to the Lead Contractor’s financial capabilities.
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Financially Responsible Party means each parent company or other entity (in either case, if any) that is proposed by the Respondent to support and guarantee the obligations of an Equity Member or Major Non-Equity Member.
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Financially Responsible Party means each parent company or other entity (in either case, if any) that provides a letter of support in accordance with Section 3.1 of the Volume 2 Requirements.
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Financially Responsible Party shall have the meaning set forth in Section 8.2(b).
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Financially Responsible Party means each parent company or other entity (in either case, if any) that provides a letter of support in accordance with Section 3 of the Volume 3 Financial Submission requirements as set forth in Section 24.3.1. Each Financially Responsible Party is a Major Participant.
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Financially Responsible Party means each parent company or other entity (in either case, if any) that provides a letter of support in accordance with Section29.2.6. Each Financially Responsible Party is a Major Participant.
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Financially Responsible Party means Terry W. Stiles.
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