Common use of Tests of Eligibility Clause in Contracts

Tests of Eligibility. (a) The applicant is unable to obtain finance on reasonable terms to carry on from normal commercial sources and is thus in danger of losing property or other assets if not assisted under the Scheme. (b) There is a reasonable prospect of successful operation possible with assistance under the Scheme, the prime requirements being ability to service commitments and to reach the stage of commercial viability within a reasonable time. (c) Assistance is merited and the applicant's difficulties are not substantially due to circumstances within the applicant's control.

Tests of Eligibility. (a) The applicant is unable to obtain finance on reasonable terms to carry on on, from any other normal commercial sources source and is thus in danger of losing property or other assets if not assisted under the Scheme. (b) There is a reasonable prospect of successful operation with the assistance possible with assistance under the Scheme, the prime requirements being ability to service commitments and to reach the stage of commercial viability within a reasonable time. (c) Assistance is merited and the applicant's ’s difficulties are not substantially due to circumstances within the applicant's his control.

Tests of Eligibility. (a) The applicant is unable to obtain finance on reasonable terms to carry on from any other normal commercial sources source and is thus in danger of losing property or other assets if not assisted under the Schemescheme. (b) There is a reasonable prospect of successful operation with the assistance possible with assistance under the Schemescheme, the prime requirements requirement being ability to service commitments commitments, and to reach the stage of commercial viability within a reasonable time. (c) Assistance is merited and the applicant's ’s difficulties are not substantially due to circumstances within the applicant's his control.

Tests of Eligibility. (a) The applicant is unable to obtain finance on reasonable terms to carry on from any other normal commercial sources source and is thus in danger of losing property or other assets if not assisted under the Schemescheme. (b) There is a reasonable prospect of successful operation with the assistance possible with assistance under the Schemescheme, the prime requirements require- ment being ability to service commitments and to reach the stage of commercial viability within a reasonable time. (c) Assistance is merited and the applicant's difficulties are not substantially due to circumstances within the applicant's his control.