Evidence of Financial Ability. Each of the Standby Guarantors will provide to the Company such evidence as may be required by the applicable Regulatory Authorities that the Guarantor has the financial ability to carry out the “stand-by commitment” (as defined under NI 41-101) constituted by this Agreement, as required under Part 8A of NI 41-101.
Evidence of Financial Ability. Redevelopers shall provide to the CDA evidence of availability of the specific amount of finances necessary for purposes of carrying out the obligations of each Redeveloper in connection with construction of the Private Improvements, before the later of (a) sixty (60) days following the execution of this Redevelopment Agreement, or (b) the commencement of construction of the Private Improvements. To the extent allowed by law, the CDA agrees to keep said information confidential. Such information shall state the amount and source of liquid assets on hand or immediately available to each Redeveloper for use in the Project; and shall state the amount and source of debt financing which is available, or irrevocably committed, to each Redeveloper for use in completing the Private Improvements. Such information shall be provided in a form satisfactory to the CDA, and evidence of loan commitments shall include all the documents evidencing the loan commitment and acceptance by each Redeveloper, the purposes of the loan, the authorized use of loan funds, and all other terms and conditions of the loan commitment, the acceptance, and the loan. Submittal of such financial information in a form satisfactory to the CDA shall be a condition precedent to the requirement of the CDA to proceed with its obligations under this Redevelopment Agreement.
Evidence of Financial Ability. Upon written request from the CDA to Redeveloper, Redeveloper shall provide to the CDA evidence of availability of the specific amount of finances necessary for purposes of carrying out the commitment of Redeveloper in connection with acquisition of the Project Site and construction of the Private Improvements. To the extent allowed by law, the CDA agrees to keep said information confidential. Such information shall state the amount and source of liquid assets on hand or immediately available to Redeveloper for use in constructing the Private Improvements; and shall state the amount and source of debt financing which is available, or irrevocably committed, to Redeveloper for use in completing the Private Improvements. Such information shall be provided in a form satisfactory to the CDA, and evidence of loan commitments shall include all of the documents evidencing the loan commitment, acceptance by Redeveloper, the purposes of the loan, the authorized use of loan funds, and all other terms and conditions of the loan commitment, the acceptance, and the loan. Submittal of such financial information in a form satisfactory to the CDA shall be a condition precedent to the requirement of the CDA to proceed with its obligations under this Redevelopment Agreement.
Evidence of Financial Ability. 6.1 The Subcontractor’s management, experience, and financial ability requirements are set forth in Exhibit 9.
Evidence of Financial Ability. 8.1 The Subcontractor agrees to provide and update, prior to the start of the Work and at intervals not less than once each 12 months, Contractor’s electronic prequalification form which shall include a letter from Subcontractor’s surety in form approved by Contractor, indicating that Subcontractor’s available bonding limits equal or exceed the Contract Price, and providing the Subcontractor’s bonding limits and premium rate. The Subcontractor’s surety shall be admitted in the state in which the Project is located with an A.M. Best rating of B+ or higher. The Subcontractor assumes the continuing obligation to advise Contractor of changes to its financial condition which may materially and adversely affect its bonding capacity or impair its ability to complete the Work for the unpaid balance of the Contract Price. The Contractor may withhold, the whole or part of, any payment to Subcontractor to the extent necessary to protect Contractor from loss due to Subcontractor’s failure to comply with this Section 8.
Evidence of Financial Ability. Offerer must submit with the bid the information outlined under EVIDENCE OF ABILITY/FINANCIAL SECURITY (Section 1.5.3).
Evidence of Financial Ability. Redeveloper shall provide to the City evidence of availability of the specific amount of finances necessary for purposes of carrying out the commitments of the Redeveloper in connection with the Private Improvements. To the extent allowed by law, the City agrees to keep such information confidential. Such information shall state the amount and source of liquid assets on hand or immediately available to Redeveloper for use of the Block Project; and shall state the amount and source of debt financing which is available, or irrevocably committed, to Redeveloper for use in completing the Block 85 Project. Such information shall be provided in a form satisfactory to the Finance Director of the City, and evidence of loan commitments shall include all the documents evidencing the loan commitment, and acceptance by the borrower, the purposes of the loan, the authorized use of loan funds, and all other terms and conditions of the loan commitment, the acceptance, and the loan. Submittal of such financial information in a form satisfactory to the Finance Director of the City shall be a condition precedent to the requirement of the City to proceed with its obligations under this Amended Agreement.
Evidence of Financial Ability. The Operator shall, if requested by the RCJTC during the term of this Agreement and on 30 days’ written notice, provide such evidence as is reasonably acceptable to the RCJTC of its financial ability to satisfactorily carry out this Agreement for the duration of the term hereof. Evidence that is reasonably acceptable includes one or more of:
Evidence of Financial Ability. The Standby Purchasers will provide to the Corporation such evidence as may be required by the applicable Regulatory Authorities that the Standby Purchasers have the financial ability to carry out the Standby Commitment.
