Economic Hardship definition
Economic Hardship means a situation where the land- owner or land operator of an eligible site as identified in the water- shed plan has a debt−to−asset ratio of more than 60% and verifies this to the appropriate responsible governmental unit and the department with a signed statement from an accredited financial institution or a certified public accountant.
Economic Hardship means an economic hardship as determined based on criteria established by senior management of the Company and approved by the human resources committee of the Board with the input of senior management of the Company.
Economic Hardship means the inability to pay living or
Examples of Economic Hardship in a sentence
If the University Board approves the Economic Hardship Termination recommendation, then this Contract shall terminate at the end of the current school year without any further action of the parties.
The University Board’s revocation procedures set forth in Section 10.6 do not apply to an automatic termination initiated by the State’s Automatic Closure Notice or an Economic Hardship Termination under this Section 10.7.
If the College Board approves the Economic Hardship Termination recommendation, then this Contract shall terminate at the end of the current school year without any further action of the parties.
The College Board’s revocation procedures set forth in Section 10.6(c) do not apply to an automatic termination initiated by the State’s Automatic Closure Notice or an Economic Hardship Termination under this Section 10.3.
Automatic Termination of Contract If All Academy Sites Closed; Economic Hardship Termination 18 Section 10.4. Grounds and Procedures for Academy Termination of Contract 19 Section 10.5. Grounds and Procedures for College Termination of Contract 19 Section 10.6. College Board Procedures for Revoking Contract 19 Section 10.7. Contract Suspension 22 Section 10.8. Venue; Jurisdiction 23 Section 10.9. Appointment of Conservator/Trustee 23 Section 10.10.
More Definitions of Economic Hardship
Economic Hardship shall be defined as permanent closure of all of Shipper’s Louisiana phosphoric acid production facilities. In the event that an Economic Hardship occurs and Shipper cancels the remaining term of this Contract, and in the event Shipper continues to produce or acquire Phosphate or products derived therefrom at its Florida operations, Carrier and Shipper agree to negotiate in good faith, and prior to the effective date of Shipper’s cancellation, an agreement for the transportation by Carrier of all Phosphate or other products derived therefrom acquired or produced at Shipper’s Florida operations (above and beyond Shipper’s prior tonnage commitments to Carrier pursuant to any other then-existing contract or agreement) to the Port of New Orleans, or other destinations in the vicinity therewith for transloading into river barges or for storage, which Shipper anticipates would range from approximately 500,000 to 900,000 tons per year (“Alternate Cargo Agreement”). Said Alternative Cargo Agreement would have a freight rate equal to the freight rate then effective from time to time under any then-existing affreightment contract between Carrier and Shipper (other than this Contract) for the transportation of Phosphate or products derived therefrom (“Existing DAP Agreement”) or if no such agreement then exists, the rate for transport of this alternate cargo will be 8% higher than the rate specified in this contract for shipments on non-self unloading vessels with load and discharge terms as outlined in Sections 11 and 14 of this contract. If such an Alternate Cargo Agreement is entered into prior to or as of the effective date of Shipper’s Cancellation, Shipper shall receive a credit against the freight charges thereunder and to be applied against such freight charges on a dollar for dollar basis, in the aggregate, up to the amount of the Buyout Payment made by Shipper under this Contract. If an Alternate Cargo Agreement is entered following the effective date of Shipper’s Cancellation, Shipper shall receive a credit against the freight charges thereunder and to be applied against such freight charges on a dollar for dollar basis, in the aggregate, up to a prorated Buyout Payment, with such pro-ration to account for the difference between the commencement date of the Alternate Cargo Agreement and the effective date of the Shipper’s Cancellation. In the event an “Economic Hardship” condition ceases to exist, Carrier shall have the option to reinstate this Contract sub...
Economic Hardship means a decline in economic or development stability, prospects or opportunity such that either (a) two (2) of the following indices meet the following standards: (i) Richmond, Virginia, Metropolitan Statistical Area Unemployment published by the Federal Reserve Bank of St. Louis above seven percent (7%) for at least three (3) consecutive months; (ii) a decrease by more than thirty-three percent (33%) in the number of building permit applications filed with the City in the most recent three (3) full calendar months for which such statistics are reported for either (A) new multi-family residential rental and condominium projects or (B) new commercial projects from the average number of such building permit applications compared to the twenty-four (24) month period prior to the most recent month for which such statistics are reported; (iii) high vacancy in the Richmond, Virginia, Metropolitan Statistical Area (“high vacancy” shall mean vacancy that is 5% higher than the average of the previous twenty-four (24) months for multifamily products of a similar vintage and type and 7% higher for retail and commercial (excluding professional office uses)) or significantly deteriorating leasing markets for the types of real estate uses included in the applicable Project Segment, as demonstrated by the Developer to the reasonable satisfaction of EDA; or (iv) only as to Project Segments containing for sale condominium units or townhomes, an inventory backlog of unsold new construction condominium units marketed for initial sale within the greater Richmond, Virginia, Metropolitan Statistical Area of eighteen (18) months or more or (b) the Developer demonstrates to the reasonable satisfaction of the EDA the general unavailability of institutional equity and/or non-recourse real estate debt on customary terms (which unavailability of credit is not attributable to the credit worthiness of the Developer, any Developer Affiliate or the Project).
Economic Hardship means a finding under the authority of this chapter that a person does not have sufficient assets, credit, or other means to pay for an emissions-related repair required by this chapter;
Economic Hardship means a substantial economic burden placed upon the property owner in order to comply with a certificate of appropriateness. Such a hardship shall be determined by the commission/council based upon a showing of extreme financial impact or deprivation in accordance with the procedures and findings of this section.
Economic Hardship means, at any time or from time to time during the Term, Customer’s annual Net Revenues earned from the Data Centre are, or are reasonably anticipated to be, less than per calendar year for the next three years (or the remaining amount of the Term if such remaining period is less than three years).
Economic Hardship means economic conditions of the market that materially and adversely affect actual or planned Operations.
Economic Hardship means. I thought the