No financial or operational history Sample Clauses

No financial or operational history. The Company is in a development stage and has recently been formed for the purpose of carrying out the business plan contained in this Company Description and therefore lacks a financial and an operational history. This means that it may be difficult to correctly assess the financial situation and financial and operational performance of the Company as there is no conventional basis upon which to evaluate the Company’s financial and operational history, which may make an investment in the Company associated with higher risk than investing in a company with a long and proven operating and financial track record.
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Related to No financial or operational history

  • Failure to Maintain Financial Viability The System Agency may terminate the Contract if, in its sole discretion, the System Agency has a good faith belief that Grantee no longer maintains the financial viability required to complete the services and Deliverables, or otherwise fully perform its responsibilities under the Contract.

  • Statement of Grievance The grievance shall contain a statement of:

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