Financial Standards. All financial computations required of a Person under this Agreement shall be made, and all financial information required under this Agreement shall be prepared, in accordance with GAAP, except that if any Person's financial statements are not audited, such Person's financial statements shall be prepared in accordance with the same sound accounting principles utilized in connection with the financial information submitted to Lenders with respect to the Borrower or the General Partner or the Properties in connection with this Agreement and shall be certified by an authorized representative of such Person.
Financial Standards. All financial computations required of a Person under this Agreement shall be made in accordance with GAAP as in effect on the date of this Agreement, and all financial information required under this Agreement shall be prepared in accordance with GAAP, except that if any Person’s financial statements are not audited, such Person’s financial statements shall be prepared in accordance with the same sound accounting principles utilized in connection with the financial information submitted to Lenders with respect to the Borrower or the General Partner or the Properties in connection with this Agreement and shall be certified by an authorized representative of such Person. Moreover, all financial computations required of a Person under this Agreement shall be calculated (i) without giving effect to any election under Accounting Standards Codification 000-00-00 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or effect) to value any Indebtedness or other liabilities of the Borrower, the General Partner or any Wholly Owned Subsidiary at “fair value”, as defined therein and (ii) without giving effect to any treatment of Indebtedness in respect of convertible debt instruments under Accounting Standards Codification 470-20 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or effect) to value any such Indebtedness in a reduced or bifurcated manner as described therein, and such Indebtedness shall at all times be valued at the full stated principal amount thereof. To the extent the Consolidated Operating Partnership has Defeased Debt, both the underlying debt and interest payable thereon and the financial assets used to defease such debt and interest earned thereon shall be excluded from calculations of the foregoing financial covenants.
Financial Standards. The MAO shall meet AHCCCS’ minimum Equity Per Member and Performance Bond financial solvency standards for MAOs, as detailed in ACOM Policy 305: Performance Bond and Equity Per Member Requirements. This policy is available on the AHCCCS website.
Financial Standards. All financial computations required of a Person under this Agreement shall be calculated without giving effect to any election under Accounting Standards Codification 800-00-00 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or effect) to value any Indebtedness or other liabilities of Borrower or any Subsidiary at “fair value”, as defined therein.
Financial Standards. The MAO shall meet the ADIFI’s applicable minimum financial solvency standards for state-licensed Health Care Service Organizations (HCSOs).
Financial Standards. MAO shall meet the DIFI’s applicable minimum financial solvency standards for state-licensed Health Care Service Organizations (HCSOs).
Financial Standards. All services must be provided in accordance with the Financial Standards published on Providers Online. You may obtain a copy of this document by emailing us at: XxxxXxxXxxxxxxxxxx@xxxx.xxx or by calling our Clinician Contracting Team on: 0345 600 5961 (or such other email or phone number as may be notified to you from time to time). A copy of the current standards is provided in Schedule 2 for your information only. Please note failure to follow these financial standards may lead to the suspension or termination of your Bupa recognition and recovery of amounts overpaid. This scenario is rare and we hope will not be applicable to our relationship with you.
Financial Standards. Licensee shall provide its financial statements to Licensor annually or as requested by Licensor, which are to be prepared in accordance with U.S. GMP. Licensee must promptly notify Licensor of a termination of any significant line of credit or guarantee of indebtedness by personal guarantor. Should Licensee's net worth fall below $2,000,000 in the aggregate, Licensor may at its option terminate this Agreement. Likewise Licensor may terminate this Agreement immediately if any of the following events occur: 1) Licensee is in default under the provisions of any line of credit or debt agreement with financing institution.
Financial Standards. All financial terms and standards (including any calculation of Net Sales, Development costs and financial payments due under this Agreement) shall be governed by and determined in accordance with normally accepted accounting principles (more specifically, the German Handelsgesetzbuch or HGB) and shall be consistent with BI’s audited consolidated financial statements. Notwithstanding the above and notwithstanding the requirements or principles of the HGB, Net Sales shall be calculated in accordance with the formula specified in Section 1.72, and no deductions shall be allowed other than the deductions specifically enumerated in Section 1.72. For avoidance of doubt, there shall be no deduction from Net Sales for bad debt allowances or bad debt expenses.
Financial Standards. Such LC shall be required in the event Tenant, at the end of any calendar quarter (commencing with the calendar quarter ending March 31, 2000), fails to meet all of the following financial requirements ("FINANCIAL STANDARDS"):
(i) Tenant shall have annual gross revenues of not less than $150,000,000, (ii) Tenant shall have cash on hand of not less than $15,000,000 and (iii) Tenant's equity-to-debt (which for purposes of this test shall exclude deferred revenue) ratio shall not be less than 1:1.
