Financial surety definition

Financial surety means a general obligation bond, revenue bond, performance bond, or any other type of financial guaranty, in fully marketable form, as evidence to the commitment of the construction of a public wastewater project.
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Financial surety or “financial warranty” means the method of assuring that sufficient funds will be available at the time of license termination and decommissioning of the facility to cover all costs associated with the decommissioning.
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Financial surety or “financial warranty” means the method of assuring that sufficient funds will
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Examples of Financial surety in a sentence

  • Financial surety will be required for decommissioning and the long term maintenance of the landscaping and fencing in the form of cash, or a bond.

  • Financial surety linked to a landlord's acceptance of a client from the brokerage service (see above).

  • Financial surety arrangements generally acceptable to the Commis- sion include: surety bonds, cash depos- its, certificates of deposits, deposits of government securities, escrow ac- counts, irrevocable letters or lines of credit, trust funds, and combinations of the above or such other types of ar- rangements as may be approved by the Commission.

  • Financial surety shall be equal to 110% of the estimated cost of the plant material, labor, installation, and other materials.

  • Financial surety will be required for decommissioning and the long term maintenance of the landscaping and fencing in the form of cash, and irrevocable letter of credit, or a bond.

  • Financial surety shall be sufficient at all times to cover the cost of decommissioning and reclamation of the areas that are expected to be disturbed before the next license renewal.

  • At any time, a Party may seek or obtain preliminary, interim or conservatory measures from the arbitrators or from a court.

  • Financial surety coverage for the full amount of the NRC-approved decommissioning cost estimate shall not lapse for any time period prior to license termination.

  • Modified: now same requirements for PCMs as HEWs 8.8.2.1(b)(4)New requirement 8.8.2.3 Onsite Audits of Immediate Downstream ProvidersEvidence of e-Stewards certification could include a copy of the certificate or a dated screenshot of the e-Stewards website listing Financial surety: see 6.4 The final sentence of this section refers to verification of contingency planning information for the IDP’s downstream.

  • Financial surety arrangements generally acceptable to NRC include: surety bonds, cash deposits, certificates of deposit, deposits of government securities, escrow accounts, irrevocable letters or lines of credit, trust funds, and combinations of the above or other arrangements approved by NRC.

Related to Financial surety

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

  • Financial Letter of Credit means any Letter of Credit other than a Performance Letter of Credit.

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

  • Financial Support means any loans, guarantees, Security or other financial assistance (whether actual or contingent).

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

  • Financial Insolvency means, with respect to any Named Entity covered under any Coverage Part designated as “included” in the Declarations attached hereto:

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

  • Performance Assurance means collateral in the form of cash, letters of credit, or other security acceptable to the requesting Party.

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

  • Financial Contribution means a contribution from an implementing partner in the form of own risk-taking capacity that is provided on a pari passu basis with the EU guarantee or in another form that allows an efficient implementation of the InvestEU Programme while ensuring appropriate alignment of interest;

  • Financial Indebtedness means any indebtedness for or in respect of:

  • Financial Account means an account maintained by a Financial Institution, and includes:

  • Academy Financial Year means the year from 1st September to 31st August or such other period as the Secretary of State may from time to time specify by notice in writing to the Academy Trust;

  • 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 Debt means a debt along with interest, if any, which is disbursed against the consideration for the time value of money and includes—

  • Solvency mean, with respect to any Person on any date of determination, that on such date (a) the fair value of the property of such Person is greater than the total amount of liabilities, including contingent liabilities, of such Person, (b) the present fair salable value of the assets of such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured, (c) such Person does not intend to, and does not believe that it will, incur debts or liabilities beyond such Person’s ability to pay such debts and liabilities as they mature, (d) such Person is not engaged in business or a transaction, and is not about to engage in business or a transaction, for which such Person’s property would constitute an unreasonably small capital, and (e) such Person is able to pay its debts and liabilities, contingent obligations and other commitments as they mature in the ordinary course of business. The amount of contingent liabilities at any time shall be computed as the amount that, in the light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability.

  • 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 Performance Covenants means the covenants of the Borrower set forth in Sections 6.10 and 6.11.

  • Financial Security means Financial Security Assurance Inc., a New York stock insurance company, its successors and assigns.

  • Financial Performance Covenant means the covenant set forth in Section 6.10.

  • mixed financial holding company means a mixed financial holding company as defined in point (21) of Article 4(1) of Regulation (EU) No 575/2013;

  • Financial assurance means a commitment of funds or resources by an operator to a regulatory authority that satisfies the requirements in s. 14 and is sufficient to pay for reclamation activities required by this chapter.

  • Guarantor Request and "Guarantor Order" mean, respectively, a written request or order, as the case may be, signed in the name of the Guarantor by the Chairman of the Board, a Vice Chairman, the President or a Vice President, and by the Treasurer or an Assistant Treasurer, the Secretary or an Assistant Secretary, of the Guarantor and delivered to the Trustee.

  • Borrower Financial Statements has the meaning assigned to such term in Section 4.4(a).

  • Financial guarantee means a performance bond, maintenance bond, surety bond, irrevocable letter of credit, or similar guarantees submitted to the [administering authority] by the responsible party to assure that requirements of the ordinance are carried out in compliance with the storm water management plan.

  • 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;