FINANCIAL STRENGTH AND BONDING CAPACITY Sample Clauses

FINANCIAL STRENGTH AND BONDING CAPACITY. Minimise is a privately held Company, financially solid, and has a generous line of credit for our No Capital Outlay Partnership Agreement (NCOPA) Projects. The No Capital Outlay Plan Agreement (NCOPA) is backed by multiple AA+ rated national and international banks. Minimise has secured a $400 million credit line from a leading banking institution in 2020 for NCOPA related projects. An article can be found here. The proposed funding of our Energy Management and Conservation Services Programs (EMCSP) would be materially similar in structure and with the same or similar counterparties and investors as for Minimise’ previous projects. One such project has been referenced in Section 1.4 – an Energy Management and Conservation Services Project at the 7th largest school district in the US. Project financing for a Client will be custom-tailored to meet the needs and the project scope. Minimise will work tirelessly to tailor the most advantageous financial approach for the EMCSP. Therefore, multiple options are available to issues third-party saving bonds. As said, Minimise’ NCOPA is truly unique in the sense that it comes with an Operations and Maintenance (O&M) Program, funded from savings – see Section 4. This O&M Program not only ensures that Facility Improvement Measures (FIMs) installed are maintained, but also ensures that savings as sustained, met, and/or exceeded. As mentioned in Section 1.2, Minimise typically includes Performance Guarantees into its Partner’s Services Contract(s). Since O&M and Performance Guarantees go hand-in-hand, in doing so, Minimise kills two birds with one stone – ensure equipment is maintained whilst meeting the required Guarantees associated. Since Minimise is a privately held company, Minimise does not share financial statements with the public. However, kindly refer to our Financial Support Letter below.
Sample 1
AutoNDA by SimpleDocs

Related to FINANCIAL STRENGTH AND BONDING CAPACITY

  • Insurance Company Rating The required insurance must be written by a company approved to do business in the State or Texas with a financial standing of at least an A- rating, as reflected in Best’s insurance ratings or by a similar rating system recognized within the insurance industry at the time the policy is issued.

  • Insurance Availability The teacher will be given an opportunity to continue insurance coverage in the school insurance program during the leave of absence, but will be required to pay all premiums connected with this coverage. All premiums must be paid in advance of the month due. Such premiums shall be prorated on an annual basis from August to August. Teachers initiating leaves of absence shall be charged the prorated amounts during the school year in which their leave begins. As leaves of absence extend into the next school year, the teacher will be expected to pay full premiums.

  • FREQUENCY AND COVERAGE 3.1 All MI Reports must be completed by the Supplier using the MI Reporting Template and returned to the Authority on or prior to the Reporting Date every Month during the Term and thereafter, until all transactions relating to Call-Off Contracts have permanently ceased.

  • Financial Commitment 4.1. The cost associated with the representative season (refer representative season handbook) MUST be paid with the signing of this agreement.

  • Leverage The Fund has no liability for borrowed money or under any reverse repurchase agreement.

  • FINANCIAL MANAGEMENT AND OVERSIGHT Measure 2a Is the school meeting financial reporting and compliance requirements?

  • PROJECT FINANCIAL RESOURCES i) Local In-kind Contributions $0 ii) Local Public Revenues $0 iii) Local Private Revenues iv) Other Public Revenues: $0 - ODOT/FHWA $0 - OEPA $2,675,745 - OWDA $0 - CDBG $0 - Other $0 SUBTOTAL $2,675,745 v) OPWC Funds: - Loan $299,000 SUBTOTAL $299,000 TOTAL FINANCIAL RESOURCES $2,974,745

  • Areas of Institutional Strength Current program areas of strength include:

  • FACILITY OPERATIONS FACILITY OPERATION MON TUES WED THURS FRI SAT SUN A. Regular hours facility is open to public and employees 10A -9P 10A -9P 10A -9P 10A -9P 10A -5P 10A -5P Closed B. Hours facility is open to public and employees

  • OFFSET CREDIT/COOPERATION This Contract has been entered into in direct support of LOCKHEED XXXXXX'x international offset programs. All offset benefit credits resulting from this Contract are the sole property of LOCKHEED XXXXXX to be applied to the offset program of its choice. SELLER shall assist LOCKHEED XXXXXX in securing appropriate offset credits from the respective country government authorities.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!