FCB Financial Statements definition
Examples of FCB Financial Statements in a sentence
Except as disclosed in Section 5.10 of the FCB Disclosure Memorandum or as disclosed or reserved against in the FCB Financial Statements, each FCB Company has good and marketable title, free and clear of all Liens, to all of their respective Assets.
There is no audit examination, deficiency, refund Litigation or matter in controversy pending, or to the Knowledge of FCB or FCB Bank, threatened, with respect to any Taxes that might result in a determination that would have, individually or in the aggregate, a Material Adverse Effect on FCB, except as reserved against in the FCB Financial Statements delivered prior to the date of this Agreement.
Such existing leases and commitments to lease constitute or will constitute operating leases for both tax and financial accounting purposes and the lease expense and minimum rental commitments with respect to such leases and lease commitments are as disclosed in all material respects in the notes to the FCB Financial Statements.
All Taxes due and owing have been paid as of the date of this Agreement, and there is no audit, examination, deficiency, or refund Litigation with respect to any Taxes that is reasonably likely to result in a determination that would have, individually or in the aggregate, a Material Adverse Effect on FCB, except as reserved against in the FCB Financial Statements delivered prior to the date of this Agreement.
FCB has not suffered any Material Adverse Effect since December 31, 2014 that has not been disclosed in the FCB Financial Statements and no event has occurred or circumstance arisen since that date which, in the aggregate, has had or is reasonably likely to have a Material Adverse Effect on FCB or any of the FCB Subsidiaries.
FCB has no Liabilities of a nature required to be reflected on the balance sheets included in the FCB Financial Statements prepared in accordance with GAAP, except Liabilities that are accrued or reserved against in the balance sheets of FCB as of June 30, 2006, included in the FCB Financial Statements or reflected in the notes thereto.
The FCB Financial Statements described in clauses (a)(i) and (a)(ii) above for completed fiscal years are audited financial statements and have been prepared in conformance with GAAP, except as may otherwise be indicated in any accountants’ notes or reports with respect to such financial statements.
The Subsequent FCB Financial Statements, including the notes thereto, will not include any assets, liabilities or obligations or omit to state any assets, liabilities or obligations, absolute or contingent, or any other facts, which inclusion or omission would render such financial statements inaccurate, incomplete or misleading in any material respect.
All accruals and reserves referred to in this Section 3.15 are correctly and accurately reflected and accounted for in all material respects in the FCB Financial Statements and the books, statements and records of FCB.
FCB has delivered to AIB audited balance sheets of FCB (to the extent they are available) as of December 31, 1997, 1996, 1995, and 1994, the related statements of operations, changes in shareholders' equity and statements of cash flow for the periods then ended, and the related notes and related accountants opinions thereon (the "FCB Financial Statements").