Financial Assessments Clause Samples
The Financial Assessments clause establishes the requirement for evaluating the financial status or capabilities of a party involved in an agreement. Typically, this involves reviewing financial statements, creditworthiness, or other relevant financial data to ensure the party can meet its contractual obligations. By mandating such assessments, the clause helps mitigate the risk of default or non-performance due to financial instability, thereby protecting the interests of the other party.
Financial Assessments. 9.1 The Crematorium is currently self financing and no contributions are required from each of the Councils. However in the case of emergency expenditure, a contribution may be required from each of the Councils and this will be made based on the percentage use made of the Crematorium by the residents of the present constituent authorities in the full year before any contribution is required.
9.2 If deemed necessary, each of the Councils shall pay to the Joint Committee the amount of its contribution determined in accordance with the above provisions within 28 days of any notification and in the event of the failure of any of the Councils to make such payment interest thereon at the rate of 6% per annum, commencing as from the 28th day from the date payment was due, shall be added to the amount thereof.
Financial Assessments. The responsibility for financial assessments, income collection and debt recovery will be retained by the Council.. The Council will retain budgets for income from adult social care charges. Annex E: Staff Recharges
Financial Assessments. The PCO must provide complete, accurate, and timely Encounter Data to the Department and must maintain complete medical service history data. The Department may request a Corrective Action Plan from the PCO when areas of noncompliance are identified. Based on the Department’s identification of non-compliance with the standards outlined in Exhibit F Encounter Data Submission Requirements and Assessment Applications, the Department may apply an assessment as provided in Exhibit F.