How is Financially viable defined in a legal contract?
- Financially viable means one of the specified conditions is met. Seen in 6 SEC filings
- Financially viable means the ability to pay for goods and services, make debt service payments, and pay other obligations as they fall due. Seen in 5 SEC filings
- Financially viable means one of the specified conditions is met. Seen in 2 SEC filings
- Financially viable means having a reasonable prospect that a borrower will be able to make payments of principal and interest on the loan as and when such payments become due under the terms of the loan documents, taking into account all costs, both existing and future. Seen in 2 SEC filings
- Financially viable means the ability of a business to operate making an industry-standard rate of return. Seen in 1 SEC filing
- Financially viable means a property or asset has adequate funding to address both its immediate needs. Seen in 1 SEC filing
- Financially viable means inns and B&B’s that generate sufficient income to cover operating expenses, debt service, and owner’s compensation. Seen in 1 SEC filing
Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
Search EDGAR for 'Definitions of financially viable' yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
- Financially viable means having the ability to cover all operating costs and debt services in a timely manner.
Relevant Contract Types
- Business Acquisition Agreements
- Loan Agreements
- Vendor Agreements
- Joint Venture Agreements
- Partnership Agreements
Relevant Circumstances
- Assessment of a company's ability to perform under a contract
- Evaluating potential acquisitions or investments
- Determining a company's eligibility for financing
- Calculating risk in potential joint ventures or partnerships
Relevant Sectors
Genie Definition 2
- Financially viable means generating sufficient income to fund operations, make payments, and provide owner remuneration.
Relevant Contract Types
- Franchise Agreements
- Licensing Agreements
- Consulting Agreements
- Non-Disclosure Agreements
- Operating Agreements
Relevant Circumstances
- Considering franchising opportunities
- Licensing products or services
- Engaging in consulting services
- Managing business operations
Relevant Sectors
Financially viable means having the ability to cover all operating costs and debt services in a timely manner
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