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.
Sample 1Sample 2Sample 3
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 requirement, the repayments of loans of more than one year, and the investments for that year; and “Variation in Net Working Capital” means the variation of current assets excluding cash minus the variation in current liabilities for year n.
Sample 1
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;
Sample 1

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.

  • Siconolfi (1990) : The Structure of Financial Equilibrium with Exogenous Yields: The Case of Restricted Participation; Journal of Mathematical Economics 19, 195-216.Bikhchandani, S., D.

  • New York City Dep't of Educ., 2014 WL 2600313, at *3-*4 [E.D.N.Y. June 10, 2014] [finding that the parents were denied the "right to evaluate" the assigned public school site]; C.U. v.

  • Chapter III of the Law on Financial Equilibrium of the Public Sector, February 1984.

  • 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.

  • The 1987 Plan for Financial Equilibrium stipulated that SWSR be “self-supporting,” the meaning of which is to be reviewed this year as part of the planning process.

  • Moreover, according to article No21 of the LFL, the Financial Equilibrium Fund is equally divided into the General Municipal Fund (Fundo Geral Municipal – FGM), and the Municipal Cohesion Fund (Fundo de Coesão Municipal – FCM).

  • The Public Budget Financial Equilibrium Act 2011 introduced a new fiscal regulation for 2011, which states that a surplus equal to 2% of annual GDP must be generated during the first quarter.Throughout 2010, the authorities carried out public debt administration operations designed to reduce the total and to improve its debt maturity profile and amortization schedule.

  • The amended law of local finances was passed in September 2005, with the establishment in 2006 of new modalities for calculating transfers from the Government’s budget through the Financial Equilibrium Fund (FEF).

  • The LFL defines the guideline for the transfer of funds from the national government to municipalities (Santos et al., 2012).1 Three national funds are available for this: the Financial Equilibrium Fund (Fundo de Equilíbrio Financeiro – FEF), the Municipal Social Fund (Fundo Social Municipal – FSM), and a fund supported by a maximum of 5% obtained from personal income tax (Santos et al., 2012).

Related to Financial Equilibrium

  • Carbon dioxide equivalent or “CO2 equivalent” or “CO2e” means the number of metric tons of CO2 emissions with the same global warming potential as one metric ton of another greenhouse gas. Global warming potential values shall be determined consistent with the definition of Carbon Dioxide Equivalent in MRR section 95102(a).

  • High-temperature coating means a high performance coating labeled and formulated for application to substrates exposed continuously or intermittently to temperatures above 204oC (400oF).

  • Discounted present value means the present value of future payments determined by discounting the payments to the present using the most recently published applicable federal rate for determining the present value of an annuity, as issued by the internal revenue service.

  • Three-Month Term SOFR Conventions means any determination, decision or election with respect to any technical, administrative or operational matter (including with respect to the manner and timing of the publication of Three-Month Term SOFR, or changes to the definition of “interest period,” timing and frequency of determining Three-Month Term SOFR with respect to each interest period and making payments of interest, rounding of amounts or tenors, and other administrative matters) that the Calculation Agent decides may be appropriate to reflect the use of Three-Month Term SOFR as the Benchmark in a manner substantially consistent with market practice (or, if the Calculation Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Calculation Agent determines that no market practice for the use of Three-Month Term SOFR exists, in such other manner as the Calculation Agent determines is reasonably necessary).

  • average consumption means the average consumption by a customer of a municipal service during a specific period, which consumption is calculated by dividing by three the total measured consumption of that service by that customer over the preceding three months;

  • Total Open-End Mutual Fund Average Net Assets means the average of all of the determinations of the aggregate net assets of all open-end funds sponsored by Xxxxxx Management (excluding the net assets of such funds investing in, or invested in by, other such funds, such as Xxxxxx RetirementReady® Funds and Xxxxxx Money Market Liquidity Fund, to the extent necessary to avoid "double-counting" of such net assets) at the close of business on each business day during each month while the Management Contract is in effect.

  • Residual disinfectant concentration (“C” in CT cal- culations) means the concentration of disinfectant measured in mg/l in a representative sample of water.

  • Composite mortality tables means mortality tables with rates of mortality that do not distinguish between smokers and nonsmokers.

  • Economic Life means the number of years a property improvement is expected to be in service in a facility.

  • Liquefied petroleum gas means a mixture of light hydrocarbons (predominantly propane, butane) that is gaseous under conditions of ambient temperature and pressure and that is maintained in a liquid state by an increase of pressure or lowering of temperature;

  • Actual weight means the actual unladen weight of a vehicle or combination of

  • Probable Mineral Reserve means the economically mineable part of an indicated and, in some circumstances, a measured mineral resource demonstrated by at least a preliminary feasibility study. This study must include adequate information on mining, processing, metallurgical, economic and other relevant factors that demonstrate, at the time of reporting, that economic extraction can be justified;

  • Net energy billing means a billing and metering practice under which a customer-generator is billed on the basis of net energy over the billing period.

  • Heat Rate means the quantity of BTU’s consumed to produce a kilowatt-hour of energy, calculated as follows:

  • Aluminum equivalent means the thickness of type 1100 aluminum alloy affording the same attenuation, under specified conditions, as the material in question.

  • Gross laden weight means the actual weight of a vehicle or combination of

  • Projected PJM Market Revenues means a component of the Market Seller Offer Cap calculated in accordance with Tariff, Attachment DD, section 6.

  • Total hydrocarbons (THC) means the sum of all volatile compounds measurable by a flame ionization detector (FID).

  • Concentration Reserve Percentage means, at any time of determination, the largest of: (a) the sum of the five (5) largest Obligor Percentages of the Group D Obligors, (b) the sum of the three (3) largest Obligor Percentages of the Group C Obligors, (c) the sum of the two (2) largest Obligor Percentages of the Group B Obligors and (d) the largest Obligor Percentage of the Group A Obligors.

  • Gross weight means the aggregate weight of a vehicle or combination of vehicles and the load

  • 5-year Mid-Swap Rate means, in relation to a Reset Interest Period and the Reset Rate of Interest Determination Date in relation to such Reset Interest Period:

  • Leverage Factor means the leverage factor in respect of a Series of ETP Securities as specified in the relevant Final Terms.

  • Operating pressure means the pressure at which the parts of an irrigation system are designed by the manufacturer to operate.

  • Multiple Bill/Single Tariff means the billing method used when Switched Exchange Access Services is jointly provided by the Parties. As described in the MECAB document, each Party will render a bill in accordance with its own tariff for that portion of the service it provides. Each Party will bill its own network access service rates.

  • Sewage sludge weight means the weight of sewage sludge, in dry U.S. tons, including admixtures such as liming materials or bulking agents. Monitoring frequencies for sewage sludge parameters are based on the reported sludge weight generated in a calendar year (use the most recent calendar year data when the NPDES permit is up for renewal).

  • Acceptable earned value management system means an earned value management system that generally complies with system criteria in paragraph (b) of this clause.