Financial and Economic Standing Sample Clauses

Financial and Economic Standing. Not applicable (Note 2)
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Financial and Economic Standing. (i) No evidence of economic and financial standing is required.
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Financial and Economic Standing. Criterion • Have financial resources and overall financial capabilities to perform with sufficient financial and economic standing to guarantee continuous and satisfactory performance throughout the envisaged lifetime of the contract. • Financial capability tests will be run. Liquidity: Average Current assets/Current liabilities for the last 1 year must be ≥ 1. Documentary evidence • Have good financial standing as documented through independently audited financial statements for 1 year in the last 2 fiscal years signed by registered auditor(s), which must be submitted in English.
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Financial and Economic Standing. 1.7 Turnover Applicants must submit: Self-Declaration from the financial officer of the company or certified public accountant certifying that the Applicant has an annual average turnover, of not less than €2,500,000 (excluding VAT) directly related to the supply of bitumen emulsions during each of the two previous full financial years (2015 & 2016). Pass/Fail
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Financial and Economic Standing. Not Applicable
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Financial and Economic Standing. 3.12.1 Financial and economic standing requirement Candidates must show that the Shareholders are willing and able to provide the Candidate with a minimum amount of EUR 20,000,000 (twenty million euros) for funding the Project. In case of a request as an SPV in process of incorporation, the participants in the prospective SPV must individually declare the amount they are making available to the Candidate for the Project, and the requirement is satisfied if the amounts of the provided declarations add up to at least the required EUR 20,000,000 (twenty million euros).
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Financial and Economic Standing. 3.12.1 Financial and economic standing requirement Candidates must show that the Shareholders are willing and able to provide the Candidate with a minimum amount of EUR 50,000,000 for funding the Project.
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Financial and Economic Standing 
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Related to Financial and Economic Standing

  • Safeguards Monitoring and Reporting 8. The Borrower shall do the following or cause the Project Executing Agency to do the following:

  • Record Keeping and Reporting 15.01 The Accredited Entity shall ensure that:

  • Economy Act In accordance with FAR 17.502-2(b), the Economy Act does not apply to task orders awarded under XXXXX under the authority of 40 U.S.C. 501.

  • CORRUPT PRACTICES 3.1 The government requires that the bidders, suppliers, sub contractors and supervisors observe the highest standards of ethics during the execution of such contracts. In this pursuit of this policy, the government; Defines for the purpose of this provision, the terms set forth below as follows:

  • PERFORMANCE MONITORING AND REPORTING Performance indicators

  • FINANCIAL INSTITUTION’S LIABILITY Liability for failure to make transfers. If we do not complete a transfer to or from your account on time or in the correct amount according to our agreement with you, we will be liable for your losses or damages. However, there are some exceptions. We will not be liable, for instance:

  • Foreign Corrupt Practices Act None of the Company, any of its subsidiaries or, to the knowledge of the Company, any director, officer, agent, employee, affiliate or other person acting on behalf of the Company or any of its subsidiaries is aware of or has taken any action, directly or indirectly, that would result in a violation by such persons of the Foreign Corrupt Practices Act of 1977, as amended, and the rules and regulations thereunder (the “FCPA”), including, without limitation, making use of the mails or any means or instrumentality of interstate commerce corruptly in furtherance of an offer, payment, promise to pay or authorization of the payment of any money, or other property, gift, promise to give, or authorization of the giving of anything of value to any “foreign official” (as such term is defined in the FCPA) or any foreign political party or official thereof or any candidate for foreign political office, in contravention of the FCPA and the Company and, to the knowledge of the Company, its affiliates have conducted their businesses in compliance with the FCPA and have instituted and maintain policies and procedures designed to ensure, and which are reasonably expected to continue to ensure, continued compliance therewith.

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