MINIMUM FINANCIAL REQUIREMENTS Sample Clauses

The Minimum Financial Requirements clause sets a baseline level of financial stability or resources that a party must maintain throughout the duration of an agreement. Typically, this clause requires the party to demonstrate assets, net worth, or liquidity above a specified threshold, often verified through financial statements or periodic reporting. Its core function is to ensure that the obligated party remains financially capable of fulfilling its contractual duties, thereby reducing the risk of default or non-performance.
MINIMUM FINANCIAL REQUIREMENTS. Dealer agrees to comply and maintain compliance with the minimum financial requirements established for Dealer from time to time in accordance with the Operating Plan or Recommendations. Throughout the term of this Agreement those minimum financial requirements are subject to revision by Audi, after review with Dealer, in light of operating conditions and the development of Dealer's business and business potential.
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MINIMUM FINANCIAL REQUIREMENTS. Every Trading Clearing Participant shall comply with the minimum financial requirements imposed by the Exchange, as may be amended, varied, modified, supplemented or substituted, from time to time, as if it were the Participating Organisation referred to in the Exchange Rules. Such requirements shall be deemed to form part of these Rules.
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MINIMUM FINANCIAL REQUIREMENTS. Dealer agrees to comply and maintain compliance with the minimum financial requirements established for Dealer from time to time in accordance with the Operating Standards. Throughout the term of this Agreement those minimum financial requirements are subject to revision by Distributor, after review with Dealer, in light of operating conditions and the development of Dealer's business and business potential.
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MINIMUM FINANCIAL REQUIREMENTS. The Determination Date Financial Statements shall reflect that Seller has (i) stockholders' equity in an amount equal to or greater than $11,700,000 (exclusive of any accrual for payment of Option Settlement Amounts and the financial advisory fee paid or due to ABN AMRO, Inc.); (ii) loans receivable in an amount equal to or greater than $65,000,000 and (iii) savings accounts in an amount equal to or greater than $55,000,000. 7. Paragraph (b) of Section 7.1 of the Merger Agreement is hereby amended to read in its entirety as follows:
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MINIMUM FINANCIAL REQUIREMENTS. The Buyer at its sole discretion shall have satisfied itself of the fulfillment (or projected fulfillment) by the Business as of the Closing Date and as of the date hereof of the following financial requirements: Minimum Tangible Net Book Value of Assets .................................... $0 Minimum Pro Forma EBIT for the Fiscal Year Ending February 28, 1998.............................................................. $700,000 CAN Minimum Pro Forma EBIT for the Fiscal Year Ending February 28, 1999................................... $1,000,000 CAN Minimum Projected Revenues for the Fiscal Year Ending February 28, 1998.............................................................. $13,000,000 CAN Minimum Projected Revenues for the Fiscal Year Ending February 28, 1999.............................................................. $15,000,000 CAN
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Related to MINIMUM FINANCIAL REQUIREMENTS

  • Financial Requirements A report of monthly and cumulative financial requirements; and

  • Capital Requirements If any Lender or the L/C Issuer determines that any Change in Law affecting such Lender or the L/C Issuer or any Lending Office of such Lender or such Lender’s or the L/C Issuer’s holding company, if any, regarding capital requirements has or would have the effect of reducing the rate of return on such Lender’s or the L/C Issuer’s capital or on the capital of such Lender’s or the L/C Issuer’s holding company, if any, as a consequence of this Agreement, the Commitments of such Lender or the Loans made by, or participations in Letters of Credit held by, such Lender, or the Letters of Credit issued by the L/C Issuer, to a level below that which such Lender or the L/C Issuer or such Lender’s or the L/C Issuer’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s or the L/C Issuer’s policies and the policies of such Lender’s or the L/C Issuer’s holding company with respect to capital adequacy), then from time to time the Borrower will pay to such Lender or the L/C Issuer, as the case may be, such additional amount or amounts as will compensate such Lender or the L/C Issuer or such Lender’s or the L/C Issuer’s holding company for any such reduction suffered.

  • Special Requirements Additional terms and conditions of this Agreement, if any, which are made a part hereof are set forth in the “Special Requirements” attached hereto as Exhibit “B” and incorporated herein by this reference. In the event of a conflict between the provisions of Exhibit “B” and any other provisions of this Agreement, the provisions of Exhibit “B” shall govern.

  • General Requirements The Contractor hereby agrees:

  • Operational Requirements The Client will adhere to the deadlines and other operational requirements set out in the Client Publications, to facilitate meeting the requirements of CSD’s, Third Party Agents and Market Participants.