Minimum Financial Criteria definition

Minimum Financial Criteria has the meaning set forth in Appendix 14 hereto. “NJDCA” means the New Jersey Department of Community Affairs.
Sample 1Sample 2
Minimum Financial Criteria means the financial criteria set out in paragraph 42.3 of this RFP.
Sample 1Sample 2
Minimum Financial Criteria shall, with respect to any Person, be deemed satisfied for so long as said Person shall maintain a net worth of not less than $100,000,000 and a liquidity of not less than $10,000,000 (in each case, including uncalled irrevocable capital commitments that are available to be called by such Person as cash capital contributions to such Person and which shall not be subject to any pledge upon being called), at any time and from time to time, and said net worth shall exclude any equity attributable to the Mortgaged Property.
Sample 1Sample 2

Examples of Minimum Financial Criteria in a sentence

  • At any point in time Xxxxxx Validus no longer satisfies the Minimum Financial Criteria, Xxxxxx and Associates shall again be liable hereunder.

  • For purposes of this Section, a “Material Decline in Credit Standing” shall be deemed to have occurred if neither the Company nor Guarantor maintain the Minimum Financial Criteria set forth in Criteria I or Criteria II contained in Appendix 14 hereto.

  • Provide the documentation as described in RFP Main, Qualifications Requirements, Financial Stability – Minimum Financial Criteria.

  • Net Worth (USD) means Net Assets minus Net Liabilities Net Assets (USD) based on the company’s latest annual report; Net Liabilities (USD) based on the company’s latest annual report; 3.1.2 In the event that the Bidder does not meet the Minimum Financial Criteria, the Bidder will automatically be disqualified and the Proposal shall become a Rejected Proposal and the Evaluation Committee will not continue with Stage 3 and Stage 4 of the evaluation process.

  • The term "Minimum Financial Criteria" as used in the Agreement means the following with respect to the Company, the Guarantor or other entity as applicable: Investment grade rating by Standard & Poor's Ratings Services and/or Xxxxx'x Investor's Service on long term debt.

  • IN THE INSTRUMENT TITLED MEMORANDUM OF UNDERSTANDING BETWEEN THE CITY OF NATCHITOCHES AND JBL COMMUNICATIONS, LLC DBA V1FIBER, AND AUTHORIZING THE MAYOR OF THE CITY OF NATCHITOCHES, RONNIE WILLIAMS, JR.

  • Compliance with the Minimum Financial Criteria (To be eligible for pre-qualification and short-listing, the Bidders must satisfy the Minimum Financial Criteria for eligibility) 4.

  • At any point in time Xxxxxx Validus no longer satisfies the Minimum Financial Criteria, Xxxxxx and Associates shall again be liable hereunder for the Guaranteed Obligations.

  • Section 4.1 Central Treatment Plant Upgrade and Expansion Project Design-Build Contract Article IV - The Development Period quarter immediately preceding the Construction Commencement Date the Guarantor meets or exceeds the Minimum Financial Criteria.

  • If the Bidder does not meet the Minimum Financial Criteria the Bidder will be disqualified and the Proposal will become a Rejected Proposal.


More Definitions of Minimum Financial Criteria

Minimum Financial Criteria means the financial criteria set outin paragraph 23.4 of this RFQ.
Sample 1
Minimum Financial Criteria. - means the financial requirements applicable to the Contract Partner that must be met and maintained during the life of this Agreement as set forth in Schedule 4 of this Agreement. "Minimum Technical Criteria" - means the technical requirements applicable to the Contract Partner that must be met and maintained during the life of this Agreement as set forth in Schedule 5 of this Agreement. "Pass-through Charge" - means additional direct and indirect costs (excluding profit) of Contract Partner resulting from the occurrence of (a) Unforeseen Events; (b) Increases in water charges charged by outside suppliers of wholesale water not in effect as of the Commencement Date subject to Section 6.14(c)(iii) and as otherwise provided herein; (c) Repair costs in excess of $50,000 per item per occurrence; (d) billing and collection services related to the wastewater xxxx in accordance with Section 8.6. "Pass-through Credit" - means the reduction in direct and indirect costs (excluding profit) resulting from the occurrence of
Sample 1
Minimum Financial Criteria has the meaning set forth in Appendix 2. "Minimum Technical Requirements" means the design and construction requirements for the Design/Build Improvements set forth in the Phase I South Wake Solid Waste Management Facility Project Manual; the South Wake Solid Waste Management Facility Permit to Construct Application; the Landfill Permit; the Permit to Operate; and the Settlement Agreement, as the same may be changed or modified in accordance herewith.
Sample 1
Minimum Financial Criteria has the meaning set forth in Schedule 23. “Monthly Progress Report” has the meaning set forth in subsection 6.3(F).
Sample 1
Minimum Financial Criteria means (a) the assuming assignee has the same or greater tangible net worth and EBITDA as of the effective date of such assignment and assumption as the original Tenant and Guarantor collectively had as of the date hereof and a debt-to-equity ratio not exceeding 3-to-1 as of the effective date of such assignment and assumption and (b) Landlord has determined, in Landlord's sole and absolute discretion, that the assuming assignee's tangible net worth and EBITDA for the reasonably foreseeable future after the effective date of such assignment and assumption will continue to be no less than its tangible net worth and EBITDA as of the effective date of such assignment and assumption and that its debt-to-equity ratio will not exceed 3-to-1 for the reasonably foreseeable future after the effective date of such assignment and assumption. Tangible net worth, EBITDA and the debt-to-equity ratio under this Section 14.6 shall be determined in accordance with generally accepted accounting principles, consistently applied, as disclosed by audited financial statements reasonably acceptable to Landlord. "EBITDA" means earnings before interest, taxes, depreciation and amortization.
Sample 1

Related to Minimum Financial Criteria

  • Business Criteria means any one or any combination of Income before Taxes, Net Income, Return on Equity, Return on Assets, Pre-tax Margin, Free Cash Flow, Valuation or EPS.

  • ASAM criteria means admission, continued service, transfer, and discharge criteria for the treatment of substance use disorders as published by the American Society of Addiction Medicine (ASAM).

  • Investment Criteria The criteria specified in Section 12.2(a).

  • FILOT Act Minimum Investment Requirement means, with respect to the Project, an investment of at least $2,500,000 by the Company, or of at least $5,000,000 by the Company and any Sponsor Affiliates in the aggregate, in Economic Development Property.

  • Minimum Level (ML means the concentration at which the entire analytical system must give a recognizable signal and an acceptable calibration point. The ML is the concentration in a sample that is equivalent to the concentration of the lowest calibration standard analyzed by a specific analytical procedure, assuming that all the method-specified sample weights, volumes and processing steps have been followed.

  • Fitch Criteria means the Collateral Amount shall equal the sum of (i) the product of A multiplied by the mark-to-market value of the outstanding Transactions dxxxxmined by Party A in good faith from time to time, and (ii) the product of B multiplied by the current aggregate notional amount of the outstanding Transactions, where:

  • Criteria means one of the eight (8) state defined categories to be scored.

  • Financial Performance Covenants means the covenants of the Borrower set forth in Section 10.11.

  • Board-Established Criteria means criteria that the Board of a Regulated Fund may establish from time to time to describe the characteristics of Potential Co-Investment Transactions regarding which the Adviser to the Regulated Fund should be notified under Condition 1. The Board-Established Criteria will be consistent with the Regulated Fund’s Objectives and Strategies (defined below). If no Board-Established Criteria are in effect, then the Regulated Fund’s Adviser will be notified of all Potential Co-Investment Transactions that fall within the Regulated Fund’s then-current Objectives and Strategies. Board-Established Criteria will be objective and testable, meaning that they will be based on observable information, such as industry/sector of the issuer, minimum EBITDA of the issuer, asset class of the investment opportunity or required commitment size, and not on characteristics that involve a discretionary assessment. The Adviser to the Regulated Fund may from time to time recommend criteria for the Board’s consideration, but Board-Established Criteria will only become effective if approved by a majority of the Independent Directors (defined below). The Independent Directors of a Regulated Fund may at any time rescind, suspend or qualify their approval of any Board-Established Criteria, though Applicants anticipate that, under normal circumstances, the Board would not modify these criteria more often than quarterly.

  • Performance Measurement Period has the meaning set forth in Section 3.1(e)(ii).

  • Contract Minimum Investment Requirement means, with respect to the Project, investment by the Company and any Sponsor Affiliates of at least $4,000,000 in Economic Development Property subject (non-exempt) to ad valorem taxation (in the absence of this Fee Agreement).

  • Risk-Based Capital Guidelines means (i) the risk-based capital guidelines in effect in the United States on the date of this Agreement, including transition rules, and (ii) the corresponding capital regulations promulgated by regulatory authorities outside the United States implementing the July 1988 report of the Basle Committee on Banking Regulation and Supervisory Practices Entitled "International Convergence of Capital Measurements and Capital Standards," including transition rules, and any amendments to such regulations adopted prior to the date of this Agreement.

  • Financial Performance Covenant means the covenant set forth in Section 6.11.

  • TTM EBITDA means, as of any date of determination, EBITDA of Borrower determined on a consolidated basis in accordance with GAAP, for the 12 month period most recently ended.

  • Minimum Threshold means the average daily yield on the 10 Year Treasury Note (as reported in the Bloomberg GT10 index) over the Award Period.

  • Evaluation Criteria means the criteria set out under the clause 27 (Evaluation Process) of this Part C, which includes the Qualifying Criteria, Functional Criteria and Price and Preferential Points Assessment.

  • Annual Specified Amount means $400,000 escalated on each Anniversary Date by the percentage by which the CPI last published prior to such Anniversary Date has increased over the CPI last published prior to the grant of the Burswood Casino Licence.

  • Over-Riding Nomination Criteria means the criteria set out in clause 4.2.

  • Minimum Liquidity means, as of any date of determination, the sum of (a) the aggregate unused amount of the Commitments as of such date and (b) unrestricted cash of the Loan Parties as of such date.

  • Minimum Annual Resource Requirement means, for Delivery Years through May 31, 2017, the minimum amount of capacity that PJM will seek to procure from Annual Resources for the PJM Region and for each Locational Deliverability Area for which the Office of the Interconnection is required under Tariff, Attachment DD, section 5.10(a) to establish a separate VRR Curve for such Delivery Year. For the PJM Region, the Minimum Annual Resource Requirement shall be equal to the RTO Reliability Requirement minus [the Sub-Annual Resource Reliability Target for the RTO in Unforced Capacity]. For an LDA, the Minimum Annual Resource Requirement shall be equal to the LDA Reliability Requirement minus [the LDA CETL] minus [the Sub-Annual Resource Reliability Target for such LDA in Unforced Capacity]. The LDA CETL may be adjusted pro rata for the amount of load served under the FRR Alternative.

  • Nomination Criteria means the criteria made up of the Over-Riding Nomination Criteria andthe Specific Nomination Factors, and is also referred to as “this Criteria”.

  • Adjusted community rate means the rating method used to

  • Financial Reporting Measure means any measure determined and presented in accordance with the accounting principles used in preparing the Company’s financial statements, and any measures derived wholly or in part from such measures, including GAAP, IFRS and non-GAAP/IFRS financial measures, as well as stock or share price and total equityholder return.

  • Minimum Investment means an investment in the project of at least two and one‑half million dollars within the investment period. If a county has an average annual unemployment rate of at least twice the state average during the last twenty‑four month period based on data available on the most recent November first, the minimum investment is one million dollars. The department shall designate these reduced investment counties by December thirty‑first of each year using data from the South Carolina Department of Employment and Workforce and the United States Department of Commerce. The designations are effective for a sponsor whose fee agreement is signed in the calendar year following the county designation. For all purposes of this chapter, the minimum investment may include amounts expended by a sponsor or sponsor affiliate as a nonresponsible party in a voluntary cleanup contract on the property pursuant to Article 7, Chapter 56, Title 44, the Brownfields Voluntary Cleanup Program, if the Department of Health and Environmental Control certifies completion of the cleanup. If the amounts under the Brownfields Voluntary Cleanup Program equal at least one million dollars, the investment threshold requirement of this chapter is deemed to have been met.

  • Investment Objectives means the investment objectives of the Fund as set forth in the Declaration of Trust as described in section 1.1.1 of this Annual Information Form.

  • Annual EBITDA means, with respect to any Project or Minority Holding, as of the first day of each fiscal quarter for the immediately preceding consecutive four fiscal quarters, an amount equal to (i) total revenues relating to such Project or Minority Holding for such period, less (ii) total operating expenses relating to such Project or Minority Holding for such period (it being understood that the foregoing calculation shall exclude non-cash charges as determined in accordance with GAAP). Each of the foregoing amounts shall be determined by reference to the Borrower’s Statement of Operations for the applicable periods. An example of the foregoing calculation is set forth on Exhibit G hereto.