Examples of Imminent Closure in a sentence
The use of financial and non-financial indicators from publicly available data sources to conduct a preliminary assessment of whether the Institution may be at Risk of Imminent Closure.
Institutions required to submit contingency closure plans to the Department continue to be subject to the requirements set forth in 610 CMR 13.03(2) and (3), either until a determination is made by the Department that the concerns identified have been satisfactorily resolved, such that the Institution has sufficiently mitigated the Risk of Imminent Closure or until the Institution is closed.
All Institutions shall be screened annually for the purpose of assessing each Institution’s past, present, and future financial stability to identify any Institution potentially at Risk of Imminent Closure.
This addendum forms a part of the contract documents and modifies the original documents dated August 28, 2017.
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Department staff shall review the Institution’s risk mitigation plans and evaluate the Institution’s Risk of Imminent Closure.
The Institution's risk mitigation plans shall, at a minimum, inform the Board of any known liabilities, risks, or financial issues and outline the Institution's plans, initiatives, and goals to sustain operations and to substantiate its current and prospective resources and financial capacity to address the Risk of Imminent Closure.
The Institution’s risk mitigation plans shall, at a minimum, inform the Board of any known liabilities, risks, or financial issues and outline the Institution’s plans, initiatives, and goals to sustain operations and to substantiate its current and prospective resources and financial capacity to address the Risk of Imminent Closure.
The Commissioner shall notify each Institution identified through the screening process as potentially at Risk of Imminent Closure under 610 CMR 13.03(1)(c).
An independent institution of higher education located in the Commonwealth and authorized to grant degrees pursuant to any general or special law.Risk of Imminent Closure.