Financially sound definition

Financially sound means a determination by the department that the wholesaler or unclassified acquirer is able to pay the tax due on the tobacco products it sells, imports, or acquires, as applicable, in the ordinary course of business based on criteria including, but not limited to, all of the following:
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Financially sound means a determination by the department that the wholesaler or unclassified acquirer is able to pay for its stamps in the ordinary course of business based on criteria including, but not limited to, all of the following:
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Financially sound means a charter school that has demonstrated, over a period of time determined by the authority, but not less than 24 months immediately preceding the submission of the application, that it has operated as a financially capable concern in California, as measured by criteria established by the authority. A charter school that cannot demonstrate that it has been a financially capable concern for at least 24 months immediately preceding the submission of the application, due solely to not having operated as a charter school for at least 24 months, may meet this 24-month requirement if the charter school is managed by staff who have at least 24 months of documented experience, as measured by criteria established by the authority and the charter school has an educational plan, financial resources, facilities expertise, management expertise, and has been a financially capable concern for at least 24 months, as established by the authority.
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Examples of Financially sound in a sentence

  • Financially sound party with excellent business record could get higher marksa) Annual turnover for 02yearsb) Client list for 02 yearsc) Export certification (if any)d) References / Certificates from end user which would be randomly verified by the Department.

  • Financially sound party with excellent business record could get higher marksa) Annual turnover for 02years b) Client list for 02 years c) Export certification (if any) d) References / Certificates from end user which would be randomly verified by the Department.

  • Our firm emphasizes: • Financially sound companies with rising dividends—high-quality stocks with high current dividend yield and strong prospects for dividend growth.

  • Financially sound utilities are more likely to invest and upgrade facilities to improve service quality to meet the needs of customers.

  • Financially sound insurance companies are better able to attract prospective policyholders and are better able to adhere to the specified underwriting guidelines.

  • Financially sound party with excellent business record could get higher marks.xviii) 100% complete information according to the bid evaluation criteria provided by the firm will get maximum marks.

  • Financially sound companies show Z-score above 2.99, while those scoring below 1.81 are financially distressed, and face possible bankruptcy in an environment conducive to corporate reorganisation.

  • Financially sound party with excellentbusiness record could get higher marksa) Annual turnover for 02yearsb) Client list for 02 yearsc) Export certification (if any)d) References / Certificates from end user which would be randomly verified by the Department.

  • Financially sound party withExcellent business record could get higher marks.Bank Statement and Annual Turnover report for 02 years Total Marks = 100Qualifying Marks = 75After Technical evaluation is completed, the procuring agency shall inform the bidders who have submitted proposals, the technical scores obtained by their technical proposal and shall notify those bidders whose proposal did not meet the minimum qualifying mark which is 75 out of 100 or were considered non-responsive.

  • Financially sound party with excellent business record could get highermarksa) Annual turnover for 02yearsb) Client list for 02 yearsc) Export certification (if any)d) References / Certificates from end user which would be randomly verified by the Department.


More Definitions of Financially sound

Financially sound means the Sub-Contractor is a going concern and that the Sub- Contractor has reasonable grounds to believe that it is able to pay its debts as and when they become due and payable. Head Contract means the contract between the Principal and the Contractor for the execution of the Project. Item means an item in the Schedule. Legislative Requirements means:
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Financially sound means that, given the totality of circumstances, the business had adequate capital to meet ordinary business needs, notwithstanding that the business does not maintain capital to pay for a potential judgment or liability incurred by the business. A business that meets at least one of the following safe harbor requirements shall be deemed financially sound, and adequately capitalized:
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Financially sound means solvent and able to pay expenses and debts as due, as evidenced by the surety bond obtained pursuant to Section 176.410(c).
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Financially sound means the Sub-Contractor is a going concern and that the Sub-Contractor has reasonable grounds to believe that it is able to pay its debts as and when they become due and payable. Formal Instrument of Agreement means the document titled ‘Formal Instrument of Agreement’ to which these Sub-Contract General Conditions are attached;
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Financially sound means solvent and able to pay expenses and debts as due, as evidenced by the surety bond obtained pursuant to 5 ILCS 312/2-105.
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Financially sound means a charter school that has demonstrated, over a period of tie determined by the authority, but not less than 24 months immediately preceding the submission of the application, that it has operated as a financially capable concern in California, as measured by criteria established by
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Related to Financially sound

  • 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.

  • Sexually oriented business means an adult arcade, adult bookstore or adult video store, adult cabaret, adult motel, adult motion picture theater, adult theater, escort agency, nude model studio, or sexual encounter center.

  • 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.

  • Contractor Commercially Sensitive Information means the information listed in the Contractor Commercial Sensitive Information Annex to the Contract being information notified by the Contractor to the Authority which is acknowledged by the Authority as being commercially sensitive information.

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

  • Acutely mentally ill means a condition which is limited to

  • regulated business means a business which is required to be licensed under one or other of the regulatory laws;

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

  • Medically stationary means that no further material improvement would reasonably be expected from medical treatment or the passage of time.

  • Directly supervised means a qualified staff member maintains visual contact with the supervised staff.

  • Substantially similar means substantially similar in function or capability or otherwise competitive to the products or services being developed, manufactured or sold by the Company during and/or at the end of Executive’s employment, or are marketed to substantially the same type of user or customer as that to which the products and services of the Company are marketed or proposed to be marketed.

  • Commercially Useful Function means responsibility for the execution of a distinct element of the work of the contract, which is carried out by actually performing, managing, and supervising the work involved, evidencing the responsibilities and risks of a business owner such as negotiating the terms of (sub)contracts, taking on a financial risk commensurate with the contract or its subcontract, responsibility for acquiring the appropriate lines of credit and/or loans, or fulfilling responsibilities as a joint venture partner as described in the joint venture agreement.

  • Technically Evaluated Entity means the company which has been evaluated for the satisfaction of the technical requirement set forth in Clause 2.1.2 hereof;

  • 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.

  • Periodically regenerating system means an exhaust emissions control device (e.g. catalytic converter, particulate trap) that requires a periodical regeneration

  • Commercially Sensitive Information means the Information (i) listed in the Commercially Sensitive Information Schedule; or (ii) notified to the Authority in writing (prior to the commencement of this Contract) which has been clearly marked as Commercially Sensitive Information comprised of information:

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

  • Consolidated Businesses means, at any time, the Borrower and Subsidiaries of the Borrower that the Borrower consolidates in its consolidated financial statements prepared in accordance with GAAP, provided, however, that UJVs which are consolidated in accordance with GAAP are not Consolidated Businesses.

  • 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:

  • Group practice means a group of two or more health care providers legally organized as a partnership, professional corporation, or similar association:

  • Related Business means any business in which the Company or any of the Restricted Subsidiaries was engaged on the Issue Date and any business related, ancillary or complementary to such business.

  • Medically accurate means verified or supported by research conducted in compliance with scientific methods and published in peer-reviewed journals, where appropriate, and recognized as accurate and objective by professional organizations and agencies with expertise in the relevant field, such as the federal Centers for Disease Control and Prevention, the American Public Health Association, the American Academy of Pediatrics, and the American College of Obstetricians and Gynecologists.

  • Subsidiaries means any corporation or other organization, whether incorporated or unincorporated, in which the Company owns, directly or indirectly, any equity or other ownership interest.

  • Mentally ill means having a mental illness.