Financial Close

Financial Close

The time when the documentation has been executed and conditions precedent have been satisfied or waived. Drawdowns are now permissible.

Financial Close

The period of time after an agreement has been entered when all conditions have been fulfilled (or waived) and all documents have been properly filed and executed. After the financial close, drawdowns are allowed.
References in periodicals archive ?
The Thar Limited (EPTL), an important security document for Financial Close and water allocation for its power plants in Block II, Tharparkar, says a statement issued here Thursday.
nd], at the Marriott Marquis Times Square, will feature BlackLine customers from Atlas Air, Bank of NY Mellon, Johnson & Johnson and Thomson Reuters, who will share their experiences in leveraging BlackLine's Finance Controls and Automation Platform to accelerate their financial close processes, enhance visibility across their organizations, decrease compliance risks, and improve efficiency in their Finance & Accounting organizations.
Balfour Beatty, the international infrastructure group, announces today that it has reached financial close and completed the acquisition of the Au352 million Gwynt y Mor offshore transmission project (OFTO) in the UK.
HITACHI has reached financial close for the fleet of Intercity Express Programme (IEP) trains, which will be built at its Newton Aycliffe factory.
Global law firm Eversheds has worked with Qatar General Electricity and Water Corp (Kahram) on a 25-year water supply deal with Qatar Electricity & Water Company (QEWC) worth $500mn, which reached a financial close in Doha last month.
In 2013, under his direction, BlackLine became the first provider of account reconciliation and financial close software to secure the highly regarded and difficult to attain ISO/IEC 27001 certification, confirming that the company meets or exceeds the latest information security industry standards and also maintains and enforces robust and effective policies and procedures to ensure the security of the data managed by its flagship Financial Close Suite.
Following the financial close, which is expected during the first half of 2014, the company is planning to spend 60% of the stake required for the project upon financial close, said Balfour Beatty.
BlackLine Solutions Consultant and WhiteGlove Expert Shana Cooper will lead multiple sessions throughout the day on best practices to optimize the financial close process by using BlackLine.
Boston Globe, Coats plc, Hubbell, JetBlue, Keurig Green Mountain, Peninsula Hotels,Thales Australia, WESCO sign on to use BlackLine Financial Close Suite in Q2
In addition, Balfour Beatty will be putting in 60% of the equity stake required for the plan upon financial close, which is anticipated during the first half of 2014.
A team of BlackLine experts will lead discussions focusing on how partners can help bring BlackLine's account reconciliation and financial close software to more companies in the APAC region.
Leading cloud financial close software company continues executive team expansion with addition of Alain Avakian to oversee global technology direction
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