Financial Strength Clause Samples

Financial Strength. Demonstrate your financial strength and stability with meaningful data. This could include, but is not limited to, such items as financial statements, SEC filings, credit & bond ratings, letters of credit, and detailed refence letters. Note: If the information disclosed in your response is considered “Trade Secret” as defined in Ohio Revised Code, Respondents may mark the information as a “Trade Secret” and the response will be redacted from any future use of the RFP response. Allseating is a privately held company in excellent financial standing. As a private company we cannot release our financial statement. Please see attached letter of financial standing from our accounting firm, S&C Partners LLC.

Financial Strength. Achieve administrative capability and successfully conduct the institution’s financial operations. Institutional Learning Goals‌ NUC University supports its student body and prepares them for the effective achievement of their academic goals. NUC identifies the following basic competencies that are necessary to build a solid foundation for the academic experience at the non-degree, under graduate as well as graduate levels and assures that the students develop the necessary skills, knowledge and attitudes for future employment, to continue graduate studies, re- sponsible citizenship, and a commitment for continuous learning throughout their whole life. These competencies are aligned with the mission, values, and institutional goals, as well as with all the academic offerings of NUC University. Among the expected outcomes for student learning, are the following basic competencies: 1. Professional competency and technical skills - Capacity to apply creatively the knowledge and skills of their respective field of studies and inserting themselves successfully in the labor market, contributing effectively to the economic, social and political progress of their environment. 2. Communication skills - Capacity to express and exchange ideas effectively through listening, speaking, reading, writing and other appropriate modes of interpersonal expression and workforce vocabulary.

Financial Strength. Only Insurance companies with an AM Best financial rating of “A-V11” or better are acceptable as insurers on all primary and excess/umbrella liability policies.

Financial Strength. Demonstrate your financial strength and stability with meaningful data. This could include, but is not limited to, such items as financial statements, SEC filings, credit & bond ratings, letters of credit, and detailed refence letters. Note: If the information disclosed in your response is considered “Trade Secret” as defined in Ohio Revised Code, respondents may mark the information as a “Trade Secret” and the response Trade Secret -

Financial Strength. Whether the financial strength of the proposed assignee/subtenant is or may become sufficient or insufficient to support all of the financial and other duties, obligations and requirements of this Lease;

Financial Strength. Tenant covenants and warrants that as of the Commencement Date of the Lease, Tenant has the financial strength and assets to meet all of its obligations under the terms and conditions of the Lease. Tenant covenants and warrants, at the time of Lease signature, that neither Tenant nor any Tenant affiliate is: 1) in default under any terms and conditions of any other lease for real property, 2) in default for any monetary obligation, 3) in foreclosure on any real property, or 4) under the protection of any bankruptcy codes.

Financial Strength i) Turnover: Average annual financial turnover on construction works should be at least 50% of the estimated cost put to tender during the immediate last three consecutive financial years ending 31st March 2023. The requisite Turnover shall be duly certified by a Chartered Accountant with his Seal/ signatures and registration number. ii) The value of annual turnover figures shall be brought to the level of the last Financial Year FY-2022-23 by enhancing the actual turnover figures at a simple rate of 7% per annum. iii) The requisite Turnover shall be duly certified by a Chartered Accountant with his Seal/ signatures and registration number. Year in which no turnover is shown would also be considered for working out the average. In case a Company/Firm is less than 3 years old, then the average turnover shall be calculated taking the turnover for the year for which no data is provided as zero. iv) The bidders are required to upload and submit relevant pages of summarised Balance Sheet (Audited) for last three years ending 31st March 2023. v) The turnover of the bidder on a standalone basis only shall be considered. The turnover of parent company/group company/subsidiaries or Consolidated Turnover shall not be considered.

Financial Strength. The insurance coverage required of Consultant, Consultant’s subconsultant(s), and Professionals engaged by Consultant herein shall be placed and maintained until expiration of this Agreement with insurance companies rated at least A-, Financial Size Category of at least VII, by A.M. Best Company, licensed or otherwise authorized and able to do business in Ohio.

Financial Strength. Demonstrate your financial strength and stability with meaningful data. This could include, but is not limited to, such items as financial statements, SEC filings, credit & bond ratings, letters of credit, and detailed refence letters. Note: you may mark this information as a “Trade Secret” per the terms outlined in the RFP. “Trade Secret Information”