Financial Impacts definition

Financial Impacts means any of the following:

Financial Impacts means the net revenue losses and additional net operating and capital costs the Recipient has incurred in respect of the Recipient’s municipal transit system as a result of the COVID-19 pandemic.

Financial Impacts means the net revenue losses, net operating costs, and capital costs the Recipient has incurred during the Eligibility Period in respect of the Recipient’s municipal transit system as a result of the COVID-19 pandemic. For clarity, Financial Impacts are Eligible Expenditures insofar as they are incurred in accordance with Schedule “C”.

Examples of Financial Impacts in a sentence

• For greater certainty, the Recipient is not covered by the Province of Ontario's insurance program and no protection will be afforded to the Recipient by the Government of Ontario for any Loss or Proceeding that may arise out of the Financial Impacts or the Agreement.

• The funding for Phase 2, which will be provided to the Recipient in accordance with the terms and conditions set out in the Agreement, is intended to provide the Recipient with assistance for the Financial Impacts (as defined in section 1.2 (Definitions)) the Recipient has incurred during the Eligibility Period (as defined in section A1.2 (Definitions)).

• The Recipient represents and warrants that there is and there will continue to be no conflict of interest in respect of any Eligible Expenditures claimed under the Agreement or the Financial Impacts and that the Recipient will use the Funds without an actual, potential, or perceived conflict of interest.

• The Province will calculate Funds based on the actual losses or costs to the Recipient for the Financial Impacts, less any actual losses or costs (including taxes) for which the Recipient has received, will receive, or is eligible to receive, SRA Phase 1 Contribution, a rebate, credit or refund.

More Definitions of Financial Impacts

Financial Impacts means a substantial loss of household income caused by the COVID-19 pandemic, loss of revenue or business for Tenants due to business closure, increased costs, reduced revenues, or other similar reasons impacting a Tenant’s ability to pay rent due, loss of compensable hours of work or wages, layoffs, or extraordinary out-of-pocket medical expenses. Note, between October 1, 2020 and June 30, 2021, for Residential Tenants facing eviction due to nonpayment of rent related to COVID-19, “financial impact” shall have the same meaning as “COVID-19- related financial distress,” as is defined in 1179.02 of the Code of Civil Procedure.

Financial Impacts means a substantial loss of income due to business closure, loss of compensable hours of work or wages, layoffs, missing work or child care expenditures due to school closure, medical expenses related to being ill with COVID-19 or caring for a member of the residential tenant’s household who is ill with COVID-19, or other similarly- caused reason resulting in a loss of income due to COVID-19.

Financial Impacts means a substantial loss of business income. A financial impact is “related to COVID-19” if it was caused by the COVID-19 pandemic, the President’s Declaration of National Emergency, the Governor of California’s Declaration of State Emergency, the County of San Diego and/or City of Poway’s Proclamation of Local Emergency, or compliance with public health orders related to COVID-19 from local, state, or federal authorities, including compliance with employer dictates or policies regarding shutdowns, limitations on gathering or operations of businesses or groups, social distancing, self-isolation or self-quarantine, or like measures.

Financial Impacts means a substantial loss of household income due to business closure, loss of compensable hours of work or wages, layoffs, or increased expenses related to COVID-19.

Financial Impacts means a substantial loss of income due to business closure, loss of work or wages, or extraordinary medical expenses. This may include needing to stay at home because the tenant is sick or needs to take care of a sick family member.

Financial Impacts means substantial loss of household income or loss of revenue or business for Tenants due to business closure, increased costs, reduced revenues, or other similar reasons impacting a business's ability to pay rent due, loss of compensable hours of work or wages, layoffs, or extraordinary out-of-pocket medical expenses.

Financial Impacts means a substantial loss of income due to business closure, loss of compensable hours of work or wages, layoffs, missing work, or childcare expenditures due to school closure, medical expenses related to being ill with COVID-19 or caring for a member of the residential tenant’s household who is ill with COVID-19, or other similarly caused reason resulting in a loss of income due to COVID-19. A financial impact is "related to COVID- 19" if it was directly or indirectly caused by the COVID-19 pandemic, the proclamation of Local Emergency, the Health Officer's Shelter-in-Place Order, or public health orders or recommended guidance related to COVID-19 from local, state, or federal authorities.