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.

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.

Examples of Financially Responsible Party in a sentence

The Undersigned (hereinafter referred to as “Customer”) is the Financially Responsible Party (i.e. owner, manager, or otherwise financially responsible for the maintenance of the real properties described on Exhibit A hereto (hereinafter referred to as “Properties”) which may be occupied by others (hereinafter referred to as “Tenants”) from time to time.
From the date that (i) CHGE has been designated as the Financially Responsible Party (as defined by the NYISO Tariff) for the Project and (ii) the Project has achieved Substantial Completion, but before the Project achieves Commercial Operation (“Interim Period”), CHGE shall be entitled to seventy percent (70%) of the net positive revenue from the sale of Product from the Project (“Pre-COD Sales”) and Owner shall be entitled to thirty percent (30%) of the net positive revenue from Pre-COD Sales.
A Financially Responsible Party may, in ADOT’s sole discretion, be required to guaranty certain obligations of Proposer, Equity Members or the Major Non-Equity Members, as applicable.
If financial statements of a parent company, affiliate company or other company are provided to demonstrate financial capability of Proposer, Equity Members or the Major Non-Equity Members, an appropriate letter from that entity must be provided confirming that it will act as a Financially Responsible Party, as applicable with respect to the Project.
This letter must be signed by the chief executive officer, chief financial officer or treasurer (or equivalent position or role) of the proposed 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.

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.

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.

Financially Responsible Party shall have the meaning set forth in Section 8.2(b).

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.

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 29.2.6. Each Financially Responsible Party is a Major Participant.

Financially Responsible Party means a parent company or Affiliate of a Respondent or Equity Member whose financial statements have been provided to demonstrate financial capability of the Respondent or Equity Member.