Financial Equilibrium definition

Financial Equilibrium means the situation where the Net Cash Balance at the end of year n is positive or equal to zero. For the purpose of this definition, “Net Cash Balance” at the end of year n means the net cash balance at the beginning of year n, plus the Net Cash Flow (positive or negative) for year n; and “Net Cash Flow” for year n means the sum of the net operating cash flow, plus any additional external financing (grants, subsidies, increases in equity capital and drawings under loans of more than one year) received during year n, less the Variation in Net Working Capital Requirements, the repayments of loans of more than one year, and the investments for that year; and “Variation in Net Working Capital Requirements” means the variation of current assets excluding cash minus the variation in current liabilities for year n.
View Source
Financial Equilibrium means ONEA’s capacity to meet all financial obligations in accordance with their terms, including debt service payments on old and new debt service payments, counterpart funds on the investments partly funded by donors, investments financed out of its own resources, payment of all duties, taxes, and suppliers, referred to in paragraph 1 of Schedule 3 to this Agreement;
View Source

Examples of Financial Equilibrium in a sentence

  • Financial Equilibrium: A mechanism put in place, in accordance with the Technical Specifications for Accreditation as defined by the Public Authorities, between different Accredited Organisations, for the purpose of ensuring fair distribution of revenue and expenditure among the various Accredited Organisations, in light of their obligations as defined in the Technical Specifications for Accreditation.

  • The Recipient shall take all necessary measures, including any necessary water supply tariffs revisions, to allow the Project Implementing Entity to restore no later than December 31, 2012 and thereafter maintain Financial Equilibrium in the urban water sub-sector.

  • Without prejudice to the generality of paragraph (1) above, the Recipient shall, not later than July 31 of each year, commencing July 31, 2011, review the Project Implementing Entity’s updated financial projections and take all necessary measures, including readjustment of annual tariff as necessary to permit the restoration or maintenance of the Financial Equilibrium.

  • Financial Equilibrium: a mechanism put in place, in accordance with the Technical Specifications for Accreditation as defined by the Public Authorities, between different Accredited Organisations, for the purpose of ensuring fair distribution of revenue and expenditure among the various Accredited Organisations, in light of their obligations as defined in the Technical Specifications for Accreditation.