Financially Responsible definition

Financially Responsible means the degree of financial support sufficient to claim the eligible dependent as an exemption on the subscriber’s Federal income tax return.
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Financially Responsible. That they are financially responsible, able to meet their obligations and acknowledge that this investment will be speculative.
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Financially Responsible means that the Labor Union or Employees' Association is financially solvent, i.e., that its assets exceed its liabilities; and said Union or Association is in a position to pay its liabilities as they become due; and further, that such Union or Association does not have, in the opinion of the Commissioner, a record for such failure to meet its financial obligations with reasonable promptness, thereby making it unfeasible or impracticable to enter into an agreement with such Union or Association under this Ordinance.
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Examples of Financially Responsible in a sentence

  • The Undersigned (hereinafter referred to as “Customer”) is the Financially Responsible Party (i.e. owner, manager, or otherwise financially responsible for the maintenance of the real properties described on Exhibit A hereto (hereinafter referred to as “Properties”) which may be occupied by others (hereinafter referred to as “Tenants”) from time to time.

  • If you are admitted to a non-Plan Hospital, you, your Parent/Guardian, Financially Responsible Person or someone else must notify us within the later of forty-eight (48) hours of a Member’s hospital admission or on the first working day following the admission unless it was not reasonably possible to notify us within that time.

  • I explained to the Applicant, or the Person Financially Responsible, as appropriate, in easy-to-understand language, the risk to the Applicant of providing inaccurate information, and the Applicant, or the Person Financially Responsible understood the explanation.

  • Each Guaranty must be provided by a parent corporation, or a shareholder of the Financially Responsible Entity or of a joint venturer, partner or equity member of Developer.

  • In addition, Developer shall deliver to TxDOT, at the times specified below, the financial statements described in Sections 23.1.2.1 through 23.1.2.4, stated in United States Dollars and prepared in accordance with U.S. GAAP, for each Financially Responsible Entity.

  • The Financially Responsible Person has been informed of the regulations and the norms of behavior required at the School, as stated in the book of School rules, and guarantees that the pupil(s) will respect them.

  • The Financially Responsible Person accepts the obligation to pay the school fees mentioned in this contract, for all the services provided by the School to the pupil.

  • Only the following people are authorized to to occupy the Premises: <<Tenants (Financially Responsible)>> and minor children.

  • If the Financially Responsible Entity is a foreign corporation, joint venture, limited liability corporation or similar enterprise, then it can use either U.S. GAAP, home country GAAP, or international standards, such as International Financial Reporting Standards (IFRS), in the preparation of their financial statements and other such financial information.

  • The Lead County or any other Financially Responsible Agency does not guarantee to purchase any minimum amount of services under this Contact.


More Definitions of Financially Responsible

Financially Responsible means in relation to any market connection point, a term which is used to describe the Market Participant which has either:
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Financially Responsible has the meaning given to that term in the National Energy Retail Law (Queensland).
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Financially Responsible means having sufficient financial, operating and personnel resources to carry out the party's obligations under this Agreement reliably and without otherwise materially adversely affecting its viability or its ability to carry out its obligations to third parties.
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Related to Financially Responsible

  • parental responsibility , in relation to a child, means all the duties, powers, responsibilities and authority which, by law, parents have in relation to children.

  • Substantially Responsive Bid means the bid that contains no material differences or deviations from, or reservations to, the terms, conditions and specifications given in the bidding documents;

  • Financial responsibility means the ability to respond in damages for liability thereafter incurred

  • Emergency medical responder or “EMR” means an individual who has successfully completed a course of study based on the United States Department of Transportation’s Emergency Medical Responder Instructional Guidelines (January 2009), has passed the psychomotor and cognitive examinations for the EMR, and is currently certified by the department as an EMR.

  • Accountable care organization or “ACO” means an organization of health care providers that has a formal legal structure, is identified by a federal Taxpayer Identification Number, and agrees to be accountable for the quality, cost, and overall care of the patients assigned to it.