Financially Capable definition

Financially Capable means that the Transferee has the financial wherewithal to perform Tenant’s obligations under this Lease, as reasonably determined by Landlord. If the Transferee has a tangible net worth as determined by generally accepted accounting principles consistently applied (as set forth in the financial statements of the Transferee audited by an independent certified public accountant) of Five Hundred Million and 00/100 U.S. Dollars (US $500,000,000.00) or more and has a minimum bond credit rating of Ba1 from Mxxxx’x Investors Service or BB+ from Standard & Poor’s, the Transferee shall be deemed to be Financially Capable.
Sample 1Sample 2
Financially Capable means that as of the Cancellation Date, Specialty Laboratories has, as determined by a financial statement audited by a certified public accountant, (a) a current ratio (I.E., current assets to current liabilities) of at least 1.5:1, (b) a net worth of at least Fifteen Million Dollars ($15,000,000.00), (c) net annual income of at least Six Million Dollars ($6,000,000.00), and (d) accounts receivable as a percentage of net revenue ("Accounts Receivable Percentage") which is not substantially greater than the Accounts Receivable Percentage on the date of this Third Amendment. Tenant shall, concurrently with Tenant's delivery of the Cancellation Notice to Landlord and/or, within ten (10) business days of Landlord's written request, given at any time prior to the Cancellation Date, deliver documentation demonstrating whether or not Specialty Laboratories is Financially Capable. Landlord shall have a reasonable approval right as to whether Specialty Laboratories is Financially Capable of performing the obligations of the Tenant with respect to Suite 500 for the remaining portion of the Suite 500 Term.
Sample 1Sample 2
Financially Capable means, in respect of a Person, that either (a) such Person has a credit rating that is equal to or above A-, A3 or an equivalent rating or (b) the payment and performance of all of the obligations of such Person under the Project Agreements to which it is party have been irrevocably and unconditionally guaranteed by an Affiliate of such Person pursuant to a guarantee, which Affiliate has and continues to have a credit rating that is equal to or above A-, A3 or an equivalent rating. Financial Model Formulas means the financial formulas that the Concessionaire and the Authority have agreed upon thirty (30) days following the Effective Date as a basis for the Initial Base Case Financial Model. FM Termination Damages has the meaning ascribed thereto in Section 20.4(b). FNG means Fairbanks Natural Gas, LLC, a limited liability company organized under the laws of the State of Alaska. FNSB has the meaning ascribed thereto in the Recitals. FOB means terms for delivery whereby the passing of risks from the Concessionaire to the LNG Purchaser with respect to LNG shall occur at the Plant upon loading of the LNG into LNG trailers, the Concessionaire will pay to load the LNG onto the LNG trailers and the LNG Purchaser will pay for all costs and expenses (including for transport, unloading, storage, regasification and distribution) beyond that point.
Sample 1

Examples of Financially Capable in a sentence

  • No.No. of Routes Bided forNet Worth(Rs. in Millions)Turnover(Rs. in Millions)111.05.0222.07.5335.010.04More than three10.020.0 Note2 : The Bidder fulfilling any one of the above mentioned criteria (i.e. Turnover or Net Worth) shall be considered as Financially Capable.

  • If the Transferee has a tangible net worth as determined by generally accepted accounting principles consistently applied (as set forth in the financial statements of the Transferee audited by an independent certified public accountant) of Five Hundred Million and 00/100 U.S. Dollars (US $500,000,000.00) or more and has a minimum bond credit rating of Ba1 from Mxxxx’x Investors Service or BB+ from Standard & Poor’s, the Transferee shall be deemed to be Financially Capable.

  • Tenant shall, concurrently with Tenant's delivery of the Cancellation Notice to Landlord and/or, within ten (10) business days of Landlord's written request, given at any time prior to the Cancellation Date, deliver documentation demonstrating whether or not Specialty Laboratories is Financially Capable.

  • No. Note2 : The Bidder fulfilling any one of the above mentioned criteria (i.e. Turnover or Net Worth) shall be considered as Financially Capable.

  • Landlord shall have a reasonable approval right as to whether Specialty Laboratories is Financially Capable of performing the obligations of the Tenant with respect to Suite 500 for the remaining portion of the Suite 500 Term.

  • Subject to the other provisions of this Amendment, Subtenant agrees to be bound by and comply with all provisions of Section 8.2 of the Third Amendment within the time periods set forth therein, including, without limitation, delivery to Landlord of all documents necessary to demonstrate whether or not Subtenant is Financially Capable and execution of the Recognition agreement subject to all the conditions set forth in Section 8.2.

  • When Tenant delivers all such documentation to Landlord, the Transferee shall then be subject to Landlord’s reasonable evaluation as to whether the Transferee is Financially Capable of performing the obligations of Tenant under this Lease to the extent the same are assumed by the Transferee for the remaining Term.

  • No.Net Worth(Rs. in Millions)Turnover(Rs. in Millions)130.0040.0Note: The Bidder fulfilling any one of the above mentioned criteria in the last financial year 2014-15 (i.e. Turnover or Net Worth) shall be considered as Financially Capable.

  • The Bidder fulfilling both mentioned criteria (i.e. Turnover and Net Worth) shall be considered as Financially Capable.

  • FINANCIAL CAPABILITY :- Net Worth Turnover (Rs. in Millions) (Rs. in Millions) 1.00 2.00 Note - A: The Bidder fulfilling any one of the above mentioned criteria (i.e. Turnover or Net Worth) shall be considered as Financially Capable.

Related to Financially Capable

  • Financially Literate means the ability to read and understand a set of financial statements that present a breadth and level of complexity of accounting issues that are generally comparable to the breadth and complexity of the issues that can reasonably be expected to be raised by the Corporation’s financial statements.

  • Financially Evaluated Entity means the company which has been evaluated for the satisfaction of the financial requirement set forth in Clause 2.1.3 hereof;

  • Socially and economically disadvantaged person means an individual who is a citizen or lawful permanent resident of the United States and who is Black, Hispanic, Native American, Asian, Female; or a member of another group or an individual found to be disadvantaged by the Small Business Administration pursuant to Section 3 of the Small Business Act.

  • Adequately Capitalized means compliance with the capital standards for bank holding companies as described in the Bank Holding Company Act of 1956, as amended, and regulations promulgated thereunder.

  • Sound means an oscillation in pressure, particle displacement, particle velocity or other physical parameter, in a medium with internal forces that cause compression and rarefaction of that medium. The description of sound may include any characteristic of such sound, including duration, intensity and frequency.

  • Socially and economically disadvantaged individual means any individual who is a citizen (or lawfully admitted permanent resident) of the United States and who is —

  • Socially and Economically Disadvantaged Individuals means those individuals who are citizens of the United Stated (or lawfully admitted permanent residents) and who are women, Black Americans, Hispanic Americans, Native Americans, Asian-Pacific Americans, or Asian-Indian Americans and any other minorities of individuals found to be disadvantaged by the Small Business Administration pursuant to Section 8 (a) of the Small Business Act, RIPTA shall make a rebuttal presumption the individuals in the following groups are socially and economically disadvantaged. RIPTA may also determine, on a case-by-case basis, that individuals who are not a member of one of the following groups are socially and economically disadvantaged:

  • Easily cleanable means that surfaces are readily accessible and made of such materials and finish and so fabricated that residue may be effectively removed by normal cleaning methods.

  • Acutely mentally ill means a condition which is limited to

  • Commercially Reasonable or “Commercially Reasonable Efforts” means, with respect to any action required to be made, attempted or taken by a Party under this Agreement, the level of effort in light of the facts known to such Party at the time a decision is made that: (a) can reasonably be expected to accomplish the desired action without a material increase in costs incurred by such Party; (b) is consistent with Prudent Industry Practices; and (c) takes into consideration the amount of advance notice required to take such action, the duration and type of action and the competitive environment in which such action occurs.

  • Totally and Permanently Disabled means a person as defined in 42 U.S.C. section 416.

  • Reasonable and prudent parent standard means the

  • Generally applicable environmental radiation standards means standards issued by the U.S. Environmental Protection Agency (EPA) under the authority of the Atomic Energy Act of 1954, as amended, that impose limits on radiation exposures or levels, or concentrations or quantities of radioactive material, in the general environment outside the boundaries of locations under the control of persons possessing or using radioactive material.

  • Economically disadvantaged means a pupil who has been determined eligible for free or reduced-price meals as determined under the Richard B. Russell national school lunch act, 42 USC 1751 to 1769j; who is in a household receiving supplemental nutrition assistance program or temporary assistance for needy families assistance; or who is homeless, migrant, or in foster care, as reported to the center.

  • Good Utility Practice means any of the practices, methods and acts engaged in or approved by a significant portion of the electric utility industry during the relevant time period, or any of the practices, methods and acts which, in the exercise of reasonable judgment in light of the facts known at the time the decision was made, could have been expected to accomplish the desired result at a reasonable cost consistent with good business practices, reliability, safety and expedition. Good Utility Practice is not intended to be limited to the optimum practice, method, or act to the exclusion of all others, but rather is intended to include acceptable practices, methods, or acts generally accepted in the region; including those practices required by Federal Power Act, section 215(a)(4).

  • Commercially available means that the choice between domestic and imported products is unrestricted and depends only on commercial considerations.

  • Prudent Utility Practice means the applicable practices, methods, and acts engaged in or approved by a significant portion of the electric utility industry in the United States of America, during the relevant time period, or any of the practices, methods and acts which, in the exercise of reasonable judgment by a prudent utility operator, in light of the facts known at the time the decision was made, could have been expected to accomplish the desired result consistent with good business practices, reliability, safety, expedition and the requirements of any governmental authority having jurisdiction. The Parties agree to provide such reasonable cooperation to each other as necessary to give effect to the terms of this Confirmation Agreement.

  • Commercially Reasonable Efforts means efforts which are reasonably within the contemplation of the Parties at the time of executing this Agreement and which do not require the performing Party to expend any funds other than expenditures which are customary and reasonable in transactions of the kind and nature contemplated by this Agreement in order for the performing Party to satisfy its obligations hereunder.

  • Good Industry Practice means standards, practices, methods and procedures conforming to the Law and the degree of skill and care, diligence, prudence and foresight which would reasonably and ordinarily be expected from a skilled and experienced person or body engaged in a similar type of undertaking under the same or similar circumstances.

  • Independently procured insurance means insurance procured under Section 31A-15-104.

  • Dangerous weapon means any weapon, device, instrument, material or substance which under the circumstances in which it is used, attempted to be used or threatened to be used, is readily capable of causing death or serious physical injury.

  • Evaluation rubric means a set of criteria, measures, and processes used to evaluate all teaching staff members in a specific school district or local education agency. Evaluation rubrics consist of measures of professional practice, based on educator practice instruments and student outcomes. Each Board of Education will have an evaluation rubric specifically for teachers, another specifically for Principals, Vice Principals, and Assistant Principals, and evaluation rubrics for other categories of teaching staff members.

  • Insurable Crop means Grain Corn.

  • Good Utility Practices mean any of the practices, methods or acts engaged in or approved by a significant portion of the electric energy industry with respect to similar facilities during the relevant time period which in each case, in the exercise of reasonable judgment in light of the facts known or that should have been known at the time a decision was made, could have been expected to accomplish the desired result at reasonable cost consistent with good business practices, reliability, safety, law, regulation, environmental protection and expedition. Good Utility Practices are not intended to be limited to the optimum practices, methods or acts to the exclusion of all others, but rather to delineate the acceptable practices, methods or acts generally accepted in such industry.

  • Pests means Birds, Vermin and Insects.

  • Mentally ill means having a mental illness.