Financial Soundness Sample Clauses

Financial Soundness.  Financial soundness bank statement /Certificates for financial year (01-07-2020 to 30- 06-2021)
Sample 1
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Financial Soundness. Bidders shall provide documentary evidence; preferably in the form of latest available audited financial accounts proving that the total average annual turnover over each of the last two years exceeded the amount of U$ 900,000 (See section 6.1.2.) All information regarding any past and current litigation during the last five (5) years, in which the bidder is involved, indicating the parties concerned, the subject of the litigation, the amounts involved, and the final resolution if already concluded (See Section 5.11). Through information / documentation on above points, the Bidder must demonstrate proper resources and expertise to tackle all areas involved in this procurement project. Failure to provide all the above mentioned information may result in the bid being rejected.
Sample 1Sample 2
Financial Soundness. Either Party shall have the right to terminate this Agreement immediately upon written notice to the other Party, if such other Party (a) files a petition under any bankruptcy act or has any such petition filed against it that is not discharged within sixty (60) days of the filing thereof, (b) makes an assignment for the benefit of creditors, (c) appoints or suffers appointment of a receiver or trustee over substantially all of its property that is not discharged within ninety (90) days after such filing, or (d) undertakes an analogous act or undergoes an analogous event under the laws of any jurisdiction to which it is subject.
Sample 1Sample 2
Financial Soundness. Average Annual financial turnover for any of the three consecutive years during the last five financial years i.e. 2018- 19, 2019-20, 2020-21 ,2021-22 & 2022-23 shall be equal to or more than Rs 18.90 Lakhs. 2 Documents to Prove Financial Soundness of the Firm (in any of the following manner given below) for any three consecutive years out of five years i.e. Self-attested copy of Income Tax Submission Acknowledgment (SARAL), Audited Profit & Loss account and Balance Sheet indicating CA membership number for above mentioned Financial Years. OR Auditor’s certificate (with CA membership no. / UDIN) for consolidated minimum average annual turnover (as given above) should be enclosed Details to be filled and documentary evidence to be uploaded in e- procurement portal uploaded / Not uploaded Sl. No Qualifying Criteria Details Status 3 Income Tax Registration (PAN) (Copy of PAN to be uploaded) Details to be filled and documentary evidence to be uploaded in e- procurement portal uploaded / Not uploaded 4 GST Regn. No. (Declaration to be attached if Vendor is Exempted from paying GST. For such exempted vendor, Vendor cannot claim GST from BHEL, during the execution of the contract (if awarded) even if their status under GST changes to regular tax payer). (Copy of GST to be uploaded). uploaded / Not uploaded 5 Acceptance to Scope of work, Special and General Terms and Conditions of Contract. (Xxxx signed and sealed copy of tender document to be uploaded) Details to be filled and documentary evidence to be uploaded in e- procurement portal uploaded / Not uploaded uploaded / Not uploaded 6 “No deviation & Declaration certificate” on bidder’s Letter head as per enclosed Annexure-A2 of tender document (Xxxx signed and sealed copy to be uploaded.) uploaded / Not uploaded 7 Details of Reverse Auction as per Annexures 1. Details to be filled up in the Contractors letter head and to be uploaded in e- procurement portal as per the respective Annexures 1 to 5 uploaded / Not uploaded 8 Details of PF & ESI Registration (if registration of EPF / ESI / Both (EPF & ESI) is/are not available, self-declaration as per the Annexure 2 is to be enclosed at the time of submission of the tender) uploaded / Not uploaded 9 Local supplier self-declaration (Annexures 3) uploaded / Not uploaded 10 Declaration for non-cartelization (Annexures 4) uploaded / Not uploaded 11 E invoice Declaration (Annexures 5) uploaded / Not uploaded Note :
Sample 1
Financial Soundness. SFA and FSMC will work together to ensure a financially sound operation.
Sample 1
Financial Soundness. Applicants must furnish proof that they have fulfilled their obligations regarding the payment of social security contributions, VAT and other taxes, in accordance with the legal provisions of their country of origin. They shall provide a sworn declaration that they are not bankrupt. A minimum accumulated turnover of EUR 3 million (fees for architectural services) during the past three years is required. In order to prove that they meet the aforementioned criteria, the applicants shall provide the documents listed in the competition notice. If more than 70 applicants meet the aforementioned criteria, and if the ranking of the applicants cannot be determined, the Pre-Selection Committee may draw lots. If the applicants can be ranked partially, the drawing of lots might be limited to the remaining positions.
Sample 1
Financial Soundness. Applicants must furnish proof that they have fulfilled their obligations regarding the payment of social security contributions, VAT and other taxes in accordance with the legal provisions of their country of origin. They shall provide a sworn declaration that they are not bankrupt. If more than 10 applicants meet the aforementioned criteria, and if the ranking of the applicants cannot be determined, the Pre-Selection Committee may draw lots. If the applicants can partially be ranked the drawing of lots might be limited to the remaining positions.
Sample 1
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Related to Financial Soundness

  • Financial Resources The Adviser has the financial resources available to it necessary for the performance of its services and obligations contemplated in the Pricing Disclosure Package, the Prospectus, and under this Agreement, the Investment Management Agreement and the Administration Agreement.

  • Financial Solvency Both before and after giving effect to the transactions contemplated in the Loan Documents, none of the Borrower or its Affiliates:

  • Financial Planning Continued access, for the remainder of the calendar year in which the Covered Termination occurs or for 60 days (if greater), to the financial planning services available to executive employees at the time of Covered Termination.

  • Financial Ability Each of the Buyer Parties acknowledges that its obligation to consummate the transactions contemplated by this Agreement and the Brewery Transaction is not and will not be subject to the receipt by any Buyer Party of any financing or the consummation of any other transaction other than the occurrence of the GM Transaction Closing and, in the case of the Brewery Transaction, the consummation of the transactions contemplated by this Agreement. The Buyer Parties have delivered to ABI a true, complete and correct copy of the executed definitive Second Amended and Restated Interim Loan Agreement, dated as of February 13, 2013, among Bank of America, N.A. (“Bank of America”), JPMorgan Chase Bank N.A. (“JPMorgan”) and CBI (collectively, the “Financing Commitment”), pursuant to which, upon the terms and subject to the conditions set forth therein, the lenders party thereto have committed to lend the amounts set forth therein (the “Financing”) for the purpose of funding the transactions contemplated by this Agreement and the Brewery Transaction. The Buyer Parties have delivered to ABI true, complete and correct copies of the fee letter and engagement letters relating to the Financing Commitment (redacted only as to the matters indicated therein), the Financing Commitment has not been amended or modified prior to the date of this Agreement, and, as of the date hereof, the respective commitments contained in the Financing Commitment have not been withdrawn, terminated or rescinded in any respect. There are no agreements, side letters or arrangements to which CBI or any of its Affiliates is a party relating to the Financing Commitment that could affect the availability of the Financing. The Financing Commitment constitutes the legally valid and binding obligation of CBI and, to the Knowledge of CBI, the other parties thereto, enforceable in accordance with its terms (except as such enforceability may be limited by bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar Laws of general applicability relating to or affecting creditors’ rights, and by general equitable principles). The Financing Commitment is in full force and effect and has not been withdrawn, rescinded or terminated or otherwise amended or modified in any respect, and no such amendment or modification is contemplated. Neither CBI nor any of its Affiliates is in breach of any of the terms or conditions set forth in the Financing Commitment, and assuming the accuracy of the representations and warranties set forth in Article 4 and performance by ABI of its obligations under this Agreement and the Brewery SPA, as of the date hereof, no event has occurred which, with or without notice, lapse of time or both, would reasonably be expected to constitute a breach, default or failure to satisfy any condition precedent set forth therein. As of the date hereof, no lender has notified CBI of its intention to terminate the Financing Commitment or not to provide the Financing. There are no conditions precedent or other contingencies related to the funding of the full amount of the Financing, other than as expressly set forth in the Financing Commitment. The aggregate proceeds available to be disbursed pursuant to the Financing Commitment, together with available cash on hand and availability under CBI’s existing credit facility, will be sufficient for the Buyer Parties to pay the Purchase Price hereunder and under the Brewery SPA and all related fees and expenses on the terms contemplated hereby and thereby in accordance with the terms of this Agreement and the Brewery SPA. As of the date hereof, CBI has paid in full any and all commitment or other fees required by the Financing Commitment that are due as of the date hereof. As of the date hereof, the Buyer Parties have no reason to believe that CBI and any of its applicable Affiliates will be unable to satisfy on a timely basis any conditions to the funding of the full amount of the Financing, or that the Financing will not be available to CBI on the Closing Date.

  • Research Analyst Independence The Company acknowledges that the Underwriters’ research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company and/or the offering that differ from the views of their respective investment banking divisions. The Company hereby waives and releases, to the fullest extent permitted by law, any claims that the Company may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company by such Underwriters’ investment banking divisions. The Company acknowledges that each of the Underwriters is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.

  • Financial Responsibility You understand that you remain, solely and exclusively responsible for any and all financial risks, including, without limitation, insufficient funds associated with accessing the Service. The Credit Union shall not be liable in any manner for such risk unless Credit Union fails to follow the procedures described in materials for use of the service. You assume exclusive responsibility for the consequences of any instructions you give to the Credit Union, for your failures to access the Service properly in a manner prescribed by the Credit Union, and for your failure to supply accurate input information, including, without limitation, any information contained in an application.

  • Financial 5.1 Community Council funds shall be used only for the benefit of the Métis citizens who are represented by the Community Council. Expenditures shall be consistent with the financial ability of the Community Council and may include, but are not limited to:

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