Financial Situation Clause Examples for Any Agreement

Financial Situation. Financial indictors prove Offerors long term sustainability and possession of sufficiently sound financial position to ensure it can meet its financial commitments under the Agreement. This will be evaluated through the submitted Audited Financial Statements of the past three years that is 2014, 2015 and 2016, or Bank Statement proving that the Offeror has the financial capacity (at least 25% of the Contract value for the first year).

Financial Situation. The Purchaser has adequate means of providing for such Purchaser’s current needs and possible personal contingencies, and has no need for liquidity of such Purchaser’s investment in the Company, such Purchaser can bear the economic risk of losing such Purchaser’s entire investment herein, such Purchaser has such knowledge and experience in financial and business matters that such Purchaser is capable of evaluating the relative risks and merits of this investment, and such Purchaser’s overall commitment to investments which are not readily marketable is not disproportionate to such Purchaser’s net worth and the investment made hereby will not cause such overall commitment to become excessive.

Financial Situation. The Purchaser is an "accredited investor" as that term is defined in Securities and Exchange Commission Rule 501 of Regulation D of the Securities Act of 1933, as amended and presently in effect. The Purchaser has adequate means of providing for such Purchaser's current needs and possible personal contingencies, and has no need for liquidity of such Purchaser's investment in the Company, such Purchaser can bear the economic risk of losing such Purchaser's entire investment herein, such Purchaser has such knowledge and experience in financial and business matters that such Purchaser is capable of evaluating the relative risks and merits of this investment, and such Purchaser's overall commitment to investments which are not readily marketable is not disproportionate to such Purchaser's net worth and the investment made hereby will not cause such overall commitment to become excessive.

Financial Situation. The first aspect of research infrastructure, and the main factor that separates internals and externals, is the mode of funding. Internals are paid by the university and are thus employees, whereas externals often are not. Hence, it makes sense for the source of funding to differ by type of employment. Indeed it does: internals are often funded through Leiden University or the Netherlands Organisation for Scientific Research (NWO), whereas externals are not. Externals, in turn, are more likely to be funded through a non-Dutch university, non-Dutch state authorities, or a non-Dutch private business. They also draw upon personal funds more, such as savings or funds from relatives or friends. Finally, they are more likely than internals to be funded through other employment next to the PhD position. We assessed whether respondents have sufficient funding available for research (research material, research related training, and research trips), and compared internals and externals. Our results show that close to 90% of internals have sufficient funding for research available, compared to 30% of externals (Table 2; p < 0.001 in Xxxx-Xxxxxxx U test). Research funding for externals is often insufficient or completely absent. Hence, there is much more heterogeneity within the group of externals than in the group of internals, with the former being more likely to have insufficient research funding. This means, for example, that externals probably visit fewer conferences, which can be used to establish an academic network. Furthermore, the presentation of papers at conferences is shown to increase the visibility of these papers, especially if they were written by early career researchers (xx Xxxx & XxXxxxxxx, 2015). These benefits are missed by PhD candidates who have insufficient finances to visit scientific conferences.

Financial Situation. Aspects of the financial situation were the source of funding for the PhD research, whether sufficient funding was available for research material, research trips, and PhD-related training, and what the monthly disposable income of the PhD was (i.e., after tax deduction). The response categories to the latter question were “less than 500 euros”, “500-1000 euros”, “1000-1500 euros”, and “more than 1500 euros”.

Financial Situation. (i) The Financial Statement is attached to the present Contract as Annex B. (ii) The Financial Statement of the Company, which has been prepared in compliance with the applicable provisions of law and with the Accounting Principles, clearly and accurately reflects, providing a faithful picture thereof, the economic and financial situation of the Company. The Company has no actual or potential contingencies or contingent liability towards third Parties, nor debts, properties, guarantees or similar, which are not reflected in the Financial Situation, according with Accounting Principles. (iii) Up to the date of the Financial Statement, the Company has not incurred in any kind of liability other than the ones arising out of the carrying out of Company’s normal activities.

Financial Situation. (a) The Seller has delivered to the Purchaser a complete copy of (i) the audited financial statements (including the balance sheet, the profit and loss statements and annexes thereto) of each of the Companies and the unaudited consolidated financial statements (including the balance sheet, the profit and loss statements and annexes thereto) of the Companies reviewed by the auditors of the Companies, each as of and for the year ended on December_31, 1997 (hereinafter together the "1997 Financial Statements"), and (ii) the unaudited financial statements (including the balance sheet, the profit and loss statements and the annexes thereto) of each of the Companies and the unaudited consolidated financial statements (including the balance sheet, the profit and loss statements and the annexes thereto) of the Companies, as of and for the period ended on June 30, 1998 (hereinafter together the "June 30, 1998 Financial Statements", and collectively with the 1997 Financial Statements, the "Financial Statements"). The 1997 Financial Statements and the June 30, 1998 Financial Statements are attached hereto as Schedule 5.5 (a). (b) The Financial Statements have been prepared according to the accounting principles and methods generally accepted in France applied on a consistent basis.

Financial Situation. So that the Bank can verify the financial situation of the debtor, she undertakes to provide, during the term of this credit, the necessary accounting information to give a truthful and timely follow-up to the economic, financial, and administrative situation, as well as to provide all facilities for the Bank’s officials to exercise proper credit control. It is understood that, for financial monitoring purposes, the client must present the required information, as established by the SUGEF 1-05 regulation.

Financial Situation. The Licensor has not committed an act of bankruptcy, proposed a compromise or arrangement to its creditors generally, had any petition in bankruptcy filed against it, filed a petition or undertaken any action proceeding to be declared bankrupt, to liquidate its assets or to be dissolved.