Financially sound definition
Financially sound means a determination by the department that the wholesaler or unclassified acquirer is able to pay for its stamps in the ordinary course of business based on criteria including, but not limited to, all of the following:
Financially sound means a determination by the department that the wholesaler or unclassified acquirer is able to pay the tax due on the tobacco products it sells, imports, or acquires, as applicable, in the ordinary course of business based on criteria including, but not limited to, all of the following:
Financially sound means a charter school that has demonstrated, over a period of time determined by the authority, but not less than 24 months immediately preceding the submission of the application, that it has operated as a financially capable concern in California, as measured by criteria established by the authority. A charter school that cannot demonstrate that it has been a financially capable concern for at least 24 months immediately preceding the submission of the application, due solely to not having operated as a charter school for at least 24 months, may meet this 24-month requirement if the charter school is managed by staff who have at least 24 months of documented experience, as measured by criteria established by the authority and the charter school has an educational plan, financial resources, facilities expertise, management expertise, and has been a financially capable concern for at least 24 months, as established by the authority.
Examples of Financially sound in a sentence
The Company will obtain as soon as practicable hereafter, and so long as any Securities, Common Shares or Warrant Shares remain outstanding, the Company shall maintain, from Financially sound and reputable insurers, a life insurance policy in the amount of at least $2,000,000 on the life of ▇▇.
Maintain, with Financially sound and reputable insurers, such insurance as deemed necessary or otherwise required by KBK, including but not limited to, fire insurance, comprehensive property damage, public liability, worker's compensation and business interruption insurance.
Financially sound and stable, evidenced by authentic financial statements for the past 3 years of operation Provide audited accounts of the company for the past 3 years.
More Definitions of Financially sound
Financially sound means the Sub-Contractor is a going concern and that the Sub- Contractor has reasonable grounds to believe that it is able to pay its debts as and when they become due and payable. Head Contract means the contract between the Principal and the Contractor for the execution of the Project. Item means an item in the Schedule. Legislative Requirements means:
Financially sound means solvent and able to pay expenses and debts as due, as evidenced by the surety bond obtained pursuant to Section 176.410(c).
Financially sound means that, given the totality of circumstances, the business had adequate capital to meet ordinary business needs, notwithstanding that the business does not maintain capital to pay for a potential judgment or liability incurred by the business. A business that meets at least one of the following safe harbor requirements shall be deemed financially sound, and adequately capitalized:
Financially sound means the Sub-Contractor is a going concern and that the Sub-Contractor has reasonable grounds to believe that it is able to pay its debts as and when they become due and payable. Formal Instrument of Agreement means the document titled ‘Formal Instrument of Agreement’ to which these Sub-Contract General Conditions are attached;
Financially sound means solvent and able to pay expenses and debts as due, as evidenced by the surety bond obtained pursuant to 5 ILCS 312/2-105.
Financially sound could specify that it means both day-to-day and long-term. It could also mention preserving adequate reserves.
Financially sound means a charter school that has demonstrated, over a period of tie determined by the authority, but not less than 24 months immediately preceding the submission of the application, that it has operated as a financially capable concern in California, as measured by criteria established by