Common use of Financial Stability Clause in Contracts

Financial Stability. In order to continue being entrusted with public funds, Your organization must maintain a sufficient level of financial stability. Examples of failure to maintain sufficient financial stability include, but are not limited to, excessive and/or unresolved indebtedness (whether to the Federal government or other parties), repeated failure to make payroll, and/or operating at a deficit for an extended period of time. Your lack of financial stability may lead SBA to suspend, terminate, or decline to renew this and any other Awards You receive from the Agency and may also lead to Your debarment by SBA. For further guidance regarding enforcement actions SBA may take under this Award, see Part III(A)(18) above. For further guidance regarding debarment, see 2 C.F.R. Parts 180 and 2700.

Financial Stability. In order to continue being entrusted with public funds, Your your organization must maintain a sufficient level of financial stability. Examples of failure to maintain sufficient financial stability include, but are not limited to, excessive and/or unresolved indebtedness (whether to the Federal government or other parties), repeated failure to make payroll, and/or operating at a deficit for an extended period of time. Your lack of financial stability may lead SBA to suspend, terminate, or decline to renew this and any other Awards You receive from the Agency and may also lead to Your debarment by SBA. For further guidance regarding enforcement actions SBA may take under this Award, see Part III(A)(18III (A)(18) above. For further guidance regarding debarment, see 2 C.F.R. Parts 180 and 2700.

Financial Stability. In order to continue being entrusted with public funds, Your organization must maintain a sufficient level of financial stability. Examples of failure to maintain sufficient financial stability include, but are not limited to, excessive and/or unresolved indebtedness (whether to the Federal government or other parties), repeated failure to make payroll, and/or operating at a deficit for an extended period of time. Your lack of financial stability may lead SBA to suspend, terminate, or decline to renew this and any other Awards You receive from the Agency and may also lead to Your debarment by SBA. For further guidance regarding enforcement actions SBA may take under this Award, see Part III(A)(18III (A)(19) above. For further guidance regarding debarment, see 2 C.F.R. Parts 180 and 2700.