Financial Difficulties definition

Financial Difficulties means a situation in which one or more of the following apply to a credit facility agreement or alternative arrangement:

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Financial Difficulties means the following circumstances:

Financial Difficulties means a situation whereby a natural person has missed two repayments;

Examples of Financial Difficulties in a sentence

• Prior to the second anniversary of the Offer to Purchase becoming or being declared unconditional in all respects, the KKR Partnership, any Affiliate of the KKR Partnership, Holdings and its subsidiaries may enter into a transaction which results in a Sale of the Business only if Holdings and its subsidiaries are experiencing Financial Difficulties and Majority Holders of the Preferred Shares consent in writing to such transaction within 10 days of the date of any request for such consent.

• Joint Schedule 7 (Financial Difficulties) [Guidance: This Schedule provides CCS and the Buyer with the option of using Credit Ratings and/or Financial Indicators for the purposes of the Financial Distress Provisions.

• Sliding Scale Fees are available, upon approval, for clients with Serious Financial Difficulties and for students with Onerous Debt Loads.

• DEFAULTS 47 Section 8.01 Principal Default 47 Section 8.02 Interest Default 47 Section 8.03 Other Defaults 47 Section 8.04 [Reserved] 47 Section 8.05 [Reserved] 47 Section 8.06 Representation and Warranty 48 Section 8.07 Financial Difficulties 48 Section 8.08 Judgments 48 Section 8.09 Cross-Defaults 48 Section 8.10 Customer Loss 49 Section 8.11 Restraint on Business 49 Section 8.12 Material Adverse Effect 49 Section 8.13 Change of Control 49 ARTICLE IX.

More Definitions of Financial Difficulties

Financial Difficulties has the meaning set forth in the FASB ASC ▇▇▇-▇▇-▇▇-▇▇.

Financial Difficulties that shall give rise to Manufacturer’s direct payement of reimbursement funds to Retailer include: (i) a material change in management or ownership of the Clearinghouse/Retailer Agent; (ii) bankruptcy, re-organization, receivership, liquidation or insolvency of Clearinghouse/Retailer Agent or similar actions or proceeedings by, on behalf of or against the Clearinghouse/Retailer Agent.

Financial Difficulties means any of the following events, occurring by and/or against Tenant or any guarantor of this Lease, as applicable:

Financial Difficulties will be deemed to exist at any time when the ratio of (i) the consolidated earnings before interest, taxation, depreciation and amortization of WCG to (ii) the sum of the total amount of cash dividends due on the outstanding Preferred Shares (whether or not paid) plus the total amount of all cash interest and other payments due with respect to money borrowed by any direct or indirect subsidiary of the Company, is less than 1.7 in 1999 or 1.9 in 2000.

Financial Difficulties means any time at which the Company is unable to pay its obligations to its creditors in accordance with any agreed- upon terms, as reasonably determined by the Board acting in good faith.

Financial Difficulties means any time at which the Company is unable to pay its obligations to its creditors in accordance with any agreed-upon terms, as reasonably determined by the Board acting in good faith.