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.

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

• Or, the Authorized Agent is not the Financially Responsible Party.

• Also indicate the name and role of each Financially Responsible Party and attach a separate form.

• For Equity Members, experience of affiliates may be included if a direct or indirect common parent entity is a Financially Responsible Party for that Equity Member.

• This letter must be signed by the chief executive, chief financial officer, treasurer (or equivalent position or role) of the Financially Responsible Party.

• 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.

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 Terry W. Stiles.

Financially Responsible Party means a corporation, partnership, unincorporated association or individual that: (i) in Seller's good faith determination, is creditworthy and has the financial ability to consummate the Put and Call Agreement and fully perform all of the obligations thereunder and the transactions contemplated therein; and (ii) has provided Seller with evidence showing that it has obtained a Committed Financing under which sufficient amounts will be available for a sufficient period of time so as to enable the Financially Responsible Party to purchase all of the Notes and the Sun Coast Assets in the manner contemplated by the Put and Call Agreement.