AB Financial Statements definition

AB Financial Statements means AB’s (a) audited consolidated balance sheets as of December 31, 2018, 2019 and 2020, and the related statements of income, cash flows and changes in shareholders’ equity for each of the years then ended, and (b) unaudited consolidated balance sheet as of March 31, 2021, and the related unaudited consolidated statements of income, cash flows, and changes in shareholders’ equity for the period then ended.

AB Financial Statements means AB's (a) audited consolidated balance sheets as of December 31, 2018, 2019 and 2020, and the related statements of income, cash flows and changes in shareholders' equity for each of the years then ended, and (b) unaudited consolidated balance sheet as of March 31, 2021, and the related unaudited consolidated statements of income, cash flows, and changes in shareholders' equity for the period then ended. "AB Insiders" has the meaning assigned to such term in Section 4.18. "AB Meeting" has the meaning assigned to such term in Section 4.3.2. "AB Options" has the meaning assigned to such term in Section 3.1.3(c). "AB Regulatory Reports" has the meaning assigned to such term in Section 3.1.4(a). "AB RSUs" has the meaning assigned to such term in Section 1.4.2. "AB Securities" has the meaning assigned to such term in Section 3.1.3(c). "AB SEC Reports" has the meaning assigned to such term in Section 3.1.4(b). "AB Stock" means the shares of AB common stock, $.01 par value per share, issued and outstanding from time to time.

Examples of AB Financial Statements in a sentence

• All contingent liabilities known to AB that are required to be reflected in footnotes in accordance with GAAP but not recorded on the Subsequent AB Financial Statements will be disclosed in writing to GBCI.

• All income and other material Taxes due and owing by AB or any AB Subsidiary (whether or not shown on any Tax Return) have been timely paid or, where payment is not yet due, AB has made an adequate provision for such Taxes in the AB Financial Statements (in accordance with GAAP).

• The most recent AB Financial Statements reflect an adequate reserve (in accordance with GAAP) for all Taxes payable by AB and the Bank through the date of such financial statements.

• There are no Liens for Taxes upon the assets of AB or any AB Subsidiary other than for current Taxes not yet due and payable or for Taxes that are being contested in good faith by appropriate proceedings and for which adequate reserves in accordance with GAAP have been made in the AB Financial Statements.

• AB will use commercially reasonable efforts to deliver to GBCI the Subsequent AB Financial Statements and Subsequent Bank Financial Statements, (a) for each month ending after the Execution Date and before Closing or an earlier Termination Date, within 15 days after each such month-end (including year-end), and (b) for the fiscal year ended December 31, 2021, within 75 days after the end of the fiscal year.