Financial Coverage Sample Clauses

The Financial Coverage clause defines the extent and manner in which one party is responsible for covering certain financial obligations or liabilities under the agreement. Typically, this clause outlines the types of costs or losses that are covered, such as damages, legal fees, or specific project expenses, and may set limits or conditions on the coverage provided. Its core practical function is to allocate financial risk between the parties, ensuring that there is clarity and certainty regarding who bears responsibility for particular financial exposures.
Financial Coverage. The client shall pay to the Company any current or future transaction, debits or other indebtedness in his account. The client also agrees to pay to the Company all obligations immediately; if the client's balance is not sufficient to cover these obligations, the client gives the company the right to sell any of the property in his account to cover the debts. The company is then entitled to liquidate the client's property, wholly or partly, in any of his accounts, whether owned individually or collectively with others, at any time, in any manner and in any market as the Company's sees necessary in its discretion, with no need to notify the client in advance. Further, the client agrees to immediately pay the Company for any deficit arising in his account due to the liquefaction processes or remain after the liquefaction process. It is agreed between both Parties that the Company is entitled to refrain from carrying out any purchase/transfer/IPO of stocks in increasing the capital or any other requests in case of non-availability of sufficient cash in the account to cover the expenses of these requests from the client.
View SourceView Similar (7)
Financial Coverage a. For road dispatches, advance payment as required shall be drawn in favor of Corporation by the Purchaser by means of DD and payable on any scheduled bank acceptable to the Corporation at Bihar, alternatively the same can be deposited through RTGS in the specified bank account of the Corporation. b. The Corporation by way of a notice, to be put up on the Corporation’s notice board and website, shall inform the Purchaser the Coal value to be paid through DD / RTGS. The Purchaser shall accordingly be required to deposit the amount through DD / RTGS within 3 days of publication of notice. The quantity in any single offer within a month shall not exceed the quantity as per financial coverage in terms of Clause 11. c. Monthly bills shall be prepared by the Corporation on the basis of quantity delivered at colliery.
View SourceView Similar (4)
Financial Coverage. The District shall ensure that (i) Discretionary Revenues minus Discretionary Expenditures for each fiscal year divided by (ii) Annual Debt Service for such fiscal year is not less than 1.25.
View SourceView Similar (2)
Financial Coverage a. For road dispatches, advance payment as required under Clause 8.1.1 shall be drawn in favor of Corporation by the Purchaser by means of DD and payable on any scheduled bank acceptable to the Corporation at Nagpur, alternatively the same can be deposited through RTGS in the specified bank account of the Corporation. b. The Corporation by way of a notice, to be put up on the Corporation’s notice board and website, shall inform the Purchaser the Coal value to be paid through DD / RTGS. The Purchaser shall accordingly be required to deposit the amount through DD / RTGS within 3 days of publish of notice. The quantity in any single offer within a month shall not exceed the quantity as per financial coverage in terms of Clause 11. c. Monthly bills shall be prepared by the Corporation on the basis of quantity delivered at colliery.
View SourceView Similar (2)
Financial Coverage. The client shall pay to the Company any current or future transaction, debits or other indebtedness in his account. The client also agrees to pay to the Company all obligations immediately; if the client's balance is not sufficient to cover these obligations, the client gives the company the right to sell any of the property in his account to cover the debts. The company is then entitled to liquidate the client's property, wholly or partly, in any of his accounts, whether owned individually or collectively with others, at any time, in any manner and in any market as the Company's sees necessary in its discretion, with no need to notify the client in advance. Further, the client agrees to immediately pay the Company for any deficit arising in his account due to the liquefaction processes or remain after the liquefaction process. It is agreed between both Parties that the Company is entitled to refrain from carrying out any purchase/transfer/IPO of stocks in increasing the capital or any other requests in case of non-availability of sufficient cash in the account to cover the expenses of these requests from the client. ةكرشلا اهنم لبقتستو لصحت يتلا رداصملا ينعيو :تامولعملا ردصم  تيوكلا يف ةصروبلا قاوسأ رصحلا لا لاثملا ليبس ىلع لمشتو ىوتحملا يأ وأ نامعو نيرحبلاو رطقو ةيدوعسلا ةيبرعلا ةكلمملاو ةدحتملا ةيبرعلا ترا املإاو .تامولعملا ديوزتب موقت ةكرش وأ نايك :ليمعلا تامولعم .2 مت يذلا لوادتلا باسح حتف بلط يف ةنيبملا تانايبلا عيمج نأب ليمعلا رقي -أ قباطتو عقاولا نع ربعتو ةقيقدو ةحيحص ليمعلا لبق نم هعيقوتو هتئبعت عقاولا فلاخت تانايب ةيأ نع ةيلوؤسملا لماك ليمعلا لمحتيو ةيتوبثلا هتادنتسم رأ طت دق تلايدعت يأب نيعوبسأ للاخ ًايطخ ةكرشلا راطخإب ليمعلا دهعتي امك .باسحلا حتف بلط يف ةنيبملا تانايبلا ىلع اذإ يتلاو باسحلا حتف جذومن يف تامولعم ةيأب لدي مل هنأب دكؤيو ليمعلا رقي -ب .ليمعلا مسإب لوادت باسح حتف ةكرشلا ضفر ىلإ يدؤت دق ةكرشلا اهب تملع هيدلو ماع )21( دشرلا نس غلب هنأب رقي ليمعلا نإف ًادرف ليمعلا ناك لاح يف -ت هذه ىلع ةبترتملا هتامزا تلاب ءافولاو ةيقافتلاا هذه مرا بلإ ةيلهلأاب عتمتيو ةبغرلا .ةيقافتلاا ليمعلل ضوفملا لثمملا رقي )ةكرش( اًيرابتعا ًاصخش ليمعلا ناك لاح يف -ث ةلودلا نيناوق بسح ًايمسر ليمعلا سيسأت مت هنأب ةيقافتلاا هذه عيقوتب ماق يذلاو ةيحلاصلا كلتمي هنأو ةكرشلا ضرا غأ نمض اهنأو اهب ليمعلا سيسأت مت يتلا هنأب رقي امك ةيقافتلاا بجومب اهيلع ةبترتملا هتامزا تلإب ءافولاو ةيقافتلاا هذه مرا بلإ .ليمعلا نع ةباين اهعيقوتب اًيمسر ضوفم يفو ،ةئيهلا تاميلعت بسح يونس لكشب هتامولعمو هتانايب ثيدحتب ليمعلا مزتلي-ج .هتانايب ثيدحتب همايق نيحل هباسح فقو ةكرشلل قحي كلذب ليمعلا للاخا ل...
View SourceView Similar (2)
Financial Coverage. Both institutes agree that the implementation of any of the types of cooperation stated in Article 1 shall depend upon the availability of resources and financial support at the institutes concemed. The project budget will be negotiated by the appropriate officials of both institutes. Both institute s agree to seek an equitable and impartial understanding in the resolution of all issues that may arise during the tenure of this agreement. Should the issue of ownership of intellectual property or similar matters arise from any joint research activities under this agreement, the two institutes will cooperate cordially to reach a fair solution and understanding in accordance with the arrangements set out in Article 2. Both institutions will seek additional financial resources from third parties, such as foundations, project agencies, funds and other financial support organizations.
View Source
Financial Coverage. The Customer shall pay the Company any deals current or future debt or any other debt in his account , and also approves the client to pay the company all the obligations immediately, and if the customer›s balance is insufficient to meet those obligations, the client gives the company the right to sell any property in the account to cover the amounts owed, and the company may liquidate all or any part of the property the client in any of its accounts, whether owned individually or collectively with others at any time and in any manner in any market the company as it deems necessary and without notice to the client already done so, as the customer agrees to pay to the Company immediately any deficiency in his account of the operations of liquidation or that remain after the process of liquefaction.
View Source

Related to Financial Coverage

  • Special Coverages Tenant shall carry “Builder’s All Risk” insurance in an amount approved by Landlord covering the construction of the Tenant Improvements, and such other insurance as Landlord may require, it being understood and agreed that the Tenant Improvements shall be insured by Tenant pursuant to the Lease immediately upon completion thereof. Such insurance shall be in amounts and shall include such extended coverage endorsements as may be reasonably required by Landlord, and in form and with companies as are required to be carried by Tenant as set forth in the Lease.

  • Financial Covenant So long as any Loan shall remain unpaid, any Letter of Credit shall remain outstanding or any Lender shall have any Commitment hereunder, the Borrower will maintain a ratio of Consolidated Debt to Consolidated Capital of not greater than 0.65 to 1.00 as of the last day of each fiscal quarter.

  • Financial Covenants (a) The Borrower shall maintain or cause to be maintained records and accounts adequate to reflect in accordance with sound accounting practices the operations, resources and expenditures in respect of the Project of the departments or agencies of the Borrower responsible for carrying out the Project or any part thereof. (b) The Borrower shall: (i) have the records and accounts referred to in paragraph (a) of this Section including those for the Special Account for each fiscal year audited, in accordance with appropriate auditing principles consistently applied, by independent auditors acceptable to the Association; (ii) furnish to the Association, as soon as available, but in any case not later than six months after the end of each such year, a certified copy of the report of such audit by said auditors, of such scope and in such detail as the Association shall have reasonably requested; and (iii) furnish to the Association such other information concerning said records, accounts and the audit thereof as the Association shall from time to time reasonably request. (c) For all expenditures with respect to which withdrawals from the Credit Account were made on the basis of statements of expenditure, the Borrower shall: (i) maintain or cause to be maintained, in accordance with paragraph (a) of this Section, records and accounts reflecting such expenditures; (ii) retain, until at least one year after the Association has received the audit report for the fiscal year in which the last withdrawal from the Credit Account or payment out of the Special Account was made, all records (contracts, orders, invoices, bills, receipts and other documents) evidencing such expenditures; (iii) enable the Association’s representatives to examine such records; and (iv) ensure that such records and accounts are included in the annual audit referred to in paragraph (b) of this Section and that the report of such audit contains a separate opinion by said auditors as to whether the statements of expenditure submitted during such fiscal year, together with the procedures and internal controls involved in their preparation, can be relied upon to support the related withdrawals.

  • Insurance Coverage Requirements Without limiting CONTRACTOR’s duty to indemnify, CONTRACTOR shall maintain in effect throughout the term of this Agreement a policy or policies of insurance with the following minimum limits of liability:

  • Dental Coverage Each employee covered by this agreement shall be eligible to participate in the City's dental program.