Financial Distress definition

Financial Distress or “financial emergency” means that a recipient has filed for bankruptcy protection in federal court or has taken either of the preliminary actions for bankruptcy protection pursuant to Section 53760 of the Government Code.

Financial Distress means a condition where a banking institution, microfinance banking institution or controlling company cannot meet, or has difficulty paying off, its financial obligations to its creditors, typically due to high fixed costs, illiquid assets or revenues sensitive to economic downturns;

Financial Distress means a covered property that, at the time benchmarking is conducted:

Examples of Financial Distress in a sentence

• Rubin, Robert Raucher, and Megan Harrod, The Relationship Between Household Financial Distress and Health: Implications for Drinking Water Regulation, National Rural Water Association.

• The Parties shall comply with the provisions of Framework Schedule 16 (Financial Distress) in relation to the assessment of the financial standing of the Supplier and the consequences of a change to that financial standing.

• If a Voluntary Financial Distress Default occurs or if an Involuntary Financial Distress Default is not cured within the above cure periods, then the provisions of Section 14.9.2 shall apply.

• Tenant shall immediately notify Landlord upon the occurrence of any Financial Distress Default.

• A Financial Distress Default shall be considered “Voluntary” if the action initiating the default was made by Tenant or a person or entity controlling, controlled by, or under common control with Tenant and otherwise shall be considered “Involuntary”.

More Definitions of Financial Distress

Financial Distress means a finding by the Department following the analysis of an audit, complaint or data indicating that the financial condition of the facility threatens the health or safety of a resident(s) of a facility. “Generally Accepted Accounting Principles (GAAP)” means those principles that are recognized as thestandard framework of guidelines for financial accounting.

Financial Distress means circumstances where the Recipient is unable to pay its debts or has committed a material breach of its agreements with any creditors:

Financial Distress shall be deemed to exist if: • the Company reasonably believes that, as a result of a material adverse change in market conditions and/or the Company’s operating performance subsequent to the Issue Date, the Company will be unable to pay its debts as they become due during the applicable terms of the Senior Facilities and as a result, the Company must restructure the payment schedule thereunder; and • in the opinion of an independent, internationally recognized financial advisor retained by the Company, the Company will be unable to obtain debt or equity financing on commercially reasonable terms to repay the Senior Facilities.

Financial Distress has the meaning given to it in clause 17.6;

Financial Distress means a condition in which a company cannot meet, or has diffi- culty paying off, its financial obligations to its creditors.

Financial Distress means a finding by the Department following the analysis of an audit, complaint or data indicating that the financial condition of the facility threatens the health or safety of a resident(s) of a facility. “Generally Accepted Accounting Principles (GAAP)” means those principles that are recognized as thestandard framework of guidelines for financial accounting.[“Independent Certified Public Accountant” means an independent certified public accountant or accounting firm in good standing with the American Institute of Certified Public Accountants (AICPA) and in all states in which he or she is licensed to practice.]["Local Financial Institution" means a bank or other institution offering financial services with headquarters or branch offices in Delaware.]

Financial Distress means a finding by the Department following the analysis of an audit, complaint or data indicating that the financial condition of the facility threatens the health or safety of a resident(s) resident of a facility.