Financial Panel definition

Financial Panel means those persons nominated or agreed pursuant to Schedule 5 Appendix 2 Part I and any replacements as may be appointed for the time being.
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Financial Panel means the Financial Panel referred to in Section 50.3 (Dispute Resolution Panel).
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Financial Panel means, initially a panel of two individuals (each a “Panelist”), one as hereafter designated by the Buyer, and one as hereafter designated by the Seller (it being understood that Buyer and/or Seller may engage or designate a firm or other entity (rather than an individual) as its Panelist, in which case any partner, employee or agent of such firm or other entity may act as the Panelist designated by such party). If the two Panelists are unable to agree upon the resolution of a matter presented to the Financial Panel within 30 days after submission, the two Panelists shall mutually select a neutral third Panelist who shall (or, in the event that such Panelist is a firm or other entity, the partner, employee or agent of such Panelist responsible for this matter shall) (i) be a certified public accountant, (ii) have expertise in financial analysis and (iii) have substantial experience working for a regionally or nationally recognized accounting or consulting firm. If the representatives are unable to promptly select a neutral third Panelist, either Panelist may request that the American Arbitration Association designate a neutral Panelist having the aforementioned qualifications.
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Examples of Financial Panel in a sentence

  • Any anomalies in individual prices will be drawn to the attention of the Financial Panel which may ask tenderers to explain the situation.

  • Monique CourchesneMr. Emmanuel SiglerMr. Pedro ValdesMr. Clay Madden on behalf of Mr. Kevin Haupt 3.0 EVALUATION PROCESSThe Financial Panel met on Sunday, June 8, 2008 at the TAPR II Premises to open the financial proposals of the five offerors which achieved a score higher than 450 points in the Technical Evaluation.

  • In the absence or disability of the President, the First Vice President shall perform and carry out the duties and re- sponsibilities of the President and in addition, thereto, he/she shall have other duties and powers as directed by the Board of Governors.

  • The purpose of this report is to document the activities performed by the Financial Panel evaluating the proposals submitted by potential vendors for the development of the new Commercial Registry Authority (CRA) IT Application as part of CRA Modernization Program.

  • See Sewell Chan & Gretchen Morgenson, Financial Panel Issues a Subpoena to Goldman Sachs, N.Y. Times, June 7, 2010.

  • The parties will cooperate with the Financial Panel during the term of its engagement.

  • Alternative and private provision will only be considered in exceptional circumstances and needs to be agreed by the Financial Panel.

  • Seller and Buyer shall direct the Financial Panel to complete its review within 30 days, or any longer period as agreed to by Seller and Buyer.

  • Panels may be established by the STC to deal with specific issues or problems, e.g. Technical Panel, Financial Panel, and Exploitation or Dissemination Panel.

  • In resolving any matters in dispute, the Financial Panel may not assign a value to any item in dispute greater than the greatest value for such item assigned by Buyer, on the one hand, or Seller, on the other hand, or less than the smallest value for such item assigned by Buyer, on the one hand, or Seller, on the other hand.


More Definitions of Financial Panel

Financial Panel means the Financial Panel to which Disputes of a financial nature are referred in accordance with the Concession Agreement.
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Related to Financial Panel

  • Financial Parties The Noteholders and the Certificateholders.

  • Financial need means the difference between the total costs of the project less the total financing that will be received for the project.

  • financial group means a group that consists of a legal person or legal arrangement exercising control and coordinating functions over the rest of the group for the application of group supervision under the Core Principles, and its branches and subsidiaries that are financial institutions as defined in section 27A(6) of the MAS Act or the equivalent financial institutions outside Singapore;

  • Financial Plan as defined in Section 5.1(i).

  • Financial Bid means the Initial Offer and Final Offer, containing the Bidder’s Quoted Transmission Charges, as per the format at Annexure – 21 of this RFP;

  • financial entity means the following entities which meet such criteria or conditions as the Central Government may, in consultation with the financial sector regulator, notify in this behalf, namely:

  • Financial aid means loans and/or grants to needy students

  • financial service means any service of a banking, credit, insurance, personal pension, investment or payment nature;

  • GM Financial means AmeriCredit Financial Services, Inc. d/b/a GM Financial.

  • Financial exigency means a condition that requires the bona fide discontinuance or reduction in size of an administrative unit, project, program or curriculum due to the lack of funds available and sufficient to meet current or projected expenditures.

  • financial holding company means a financial holding company as defined in point (20) of Article 4(1) of Regulation (EU) No 575/2013;

  • Financial Period means a Financial Year or any other period in respect of which accounts are required to be prepared and certified by the auditors of the relevant company to enable it to comply with all relevant legal and accounting requirements and all requirements of any stock exchange on which any securities of the company are listed;

  • Financial Model means the financial model adopted by Senior Lenders, setting forth the capital and operating costs of the Project and revenues therefrom on the basis of which financial viability of the Project has been determined by the Senior Lenders, and includes a description of the assumptions and parameters used for making calculations and projections therein;

  • Australian Accounting Standards means the accounting standards made by the Australian Accounting Standards Board in accordance with section 227 of the Australian Securities and Investments Commission Act 2001 (Cth).

  • financial expert means an individual, company or firm who is authorised to give investment advice under the Financial Services and Markets Act 2000;

  • Financial Products “Development Services”; “Target Market”; “Investment Areas”; and “Targeted Populations” have the meanings ascribed to such terms in 12 C.F.R. 1805.104.

  • Financial Account means an account maintained by a Financial Institution, and includes: (1) in the case of an Entity that is a Financial Institution solely because it is an Investment Entity, any equity or debt interest (other than interests that are regularly traded on an established securities market) in the Financial Institution; (2) in the case of a Financial Institution not described in subparagraph 1(q)(1) of this Article, any equity or debt interest in the Financial Institution (other than interests that are regularly traded on an established securities market), if (i) the value of the debt or equity interest is determined, directly or indirectly, primarily by reference to assets that give rise to U.S. Source Withholdable Payments, and (ii) the class of interests was established with a purpose of avoiding reporting in accordance with this Agreement; and (3) any Cash Value Insurance Contract and any Annuity Contract issued or maintained by a Financial Institution, other than a noninvestment- linked, nontransferable immediate life annuity that is issued to an individual and monetizes a pension or disability benefit provided under an account that is excluded from the definition of Financial Account in Annex II. Notwithstanding the foregoing, the term “Financial Account” does not include any account that is excluded from the definition of Financial Account in Annex II. For purposes of this Agreement, interests are “regularly traded” if there is a meaningful volume of trading with respect to the interests on an ongoing basis, and an “established securities market” means an exchange that is officially recognized and supervised by a governmental authority in which the market is located and that has a meaningful annual value of shares traded on the exchange. For purposes of this subparagraph 1(q), an interest in a Financial Institution is not “regularly traded” and shall be treated as a Financial Account if the holder of the interest (other than a Financial Institution acting as an intermediary) is registered on the books of such Financial Institution. The preceding sentence will not apply to interests first registered on the books of such Financial Institution prior to July 1, 2014, and with respect to interests first registered on the books of such Financial Institution on or after July 1, 2014, a Financial Institution is not required to apply the preceding sentence prior to January 1, 2016.

  • Financial Product means any securities, futures contracts or leveraged foreign exchange contracts as defined under the SFO. Regarding “leveraged foreign exchange contracts”, it is only applicable to those traded by persons licensed for Type 3 regulated activity.

  • Academy Financial Year means the academic year from 1st of September to 31st of August of the following year;

  • Audit Committee Financial Expert means a person who has the following attributes:

  • Financial Monitoring Report or “FMR” means each report prepared in accordance with Section 4.02 of this Agreement;

  • Financial Proposal means the Contractor’s Financial Proposal dated (Financial Proposal date).

  • UK Financial Institutions means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • Financial Quarter means the period commencing on the day after one Quarter Date and ending on the next Quarter Date.

  • Portfolio Investment means any Investment held by the Borrower and its Subsidiaries in their asset portfolio.

  • Financial Instrument” shall mean the Financial Instruments under the Company’s CIF license which can be found in the document “Company Information” on the Website. It is understood that the Company does not necessarily offer all the Financial Instruments which appear on its CIF license but only those marketed on its Website from time to time.