Financial Reporting Group definition

Financial Reporting Group means Seller and each of Seller’s Affiliates that constitute a single group for purposes of reporting Financial Statements. “Financial Statements” shall have the meaning set forth in Section 12(d) of the Agreement. “GAAP” meansshall mean generally accepted accounting principles as in effect from time to time in the United States of America. “Xxxxxx Xxx” shall mean the Government National Mortgage Association, or any successor thereto. “Xxxxxx Xxx HECM Repurchase Trigger” shall mean the lesser of (a) 98% of the Maximum Claim Amount or (b) such lesser percentage of the Maximum Claim Amount prescribed by Xxxxxx Xxx. “GLB Act” shall have the meaning set forth in Section 12(y) of the Agreement. “Governmental Authority” shall mean any nation or government, any state, county, municipality or other political subdivision thereof or any governmental body, agency, authority, department or commission (including, without limitation, any taxing authority) or any instrumentality or officer of any of the foregoing (including, without limitation, any court or tribunal) exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government and any corporation, partnership or other entity directly or indirectly owned by or controlled by the foregoing. “Guarantee” shall mean, as to any Person, any obligation of such Person directly or indirectly guaranteeing any Indebtedness of any other Person or in any manner providing for the payment of any Indebtedness of any other Person or otherwise protecting the holder of such Indebtedness against loss (whether by virtue of partnership arrangements, by agreement to keep- well, to purchase assets, goods, securities or services, or to take-or-pay or otherwise); provided that the term “Guarantee” shall not include endorsements for collection or deposit in the ordinary course of business. The amount of any Guarantee of a Person shall be deemed to be an amount equal to the stated or determinable amount of the primary obligation in respect of which such Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as determined by such Person in good faith. The terms “Guarantee” and “Guaranteed” used as verbs shall have correlative meanings. “HECM Buyout” shall mean a HECM Loan (a) for which the related HECM Loan Principal Balance equals or exceeds the Xxxxxx Xxx HECM Repurchase Trigger, (b) pursuant to which such HECM Loan is repurchased from...
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Financial Reporting Group means Seller and each of Seller’s Affiliates that constitute a single group for purposes of reporting Financial Statements.
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Financial Reporting Group means Seller and its Subsidiaries.
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Examples of Financial Reporting Group in a sentence

  • All such Financial Statements are complete and correct and fairly present, in all material respects, the consolidated and consolidating financial condition of the Financial Reporting Group and the consolidated and consolidating results of its operations as at such dates and for such monthly periods, all in accordance with GAAP.

  • Since the Annual Financial Statement Date, there has been no material adverse change in the consolidated business, operations or financial condition of the Financial Reporting Group taken as a whole from that set forth in said Financial Statements nor is Seller aware of any state of facts which (without notice or the lapse of time) would or could result in any such material adverse change or could have a Material Adverse Effect.

  • Based on responses to the IASB’s exposure draft, the European Financial Reporting Group is recommending an effective date of January 1, 2023.

  • Since the Annual Financial Statement Date, there has been no material adverse change in the consolidated business, operations or financial condition of the Financial Reporting Group taken as a whole from that set forth in said Financial Statements nor is any Seller Party aware of any state of facts which (without notice or the lapse of time) would or could result in any such material adverse change or could have a Material Adverse Effect.

  • All such Financial Statements are complete and correct in all material respects and fairly present, in all material respects, the consolidated financial condition of the Financial Reporting Group and the consolidated results of its operations as at such dates and for such monthly or yearly periods, all in accordance with GAAP.

  • Any basins which are not set as shown, or fail to maximize the collection of surface water shall be reset by the Contractor at his expense, as directed by the Engineer.

  • FIRST: The name of the corporation is Phoenix Financial Reporting Group, Inc.

  • European Financial Reporting Group (EFRAG) staff have kindly contributed to the research of this scheme but any errors in the description provided are the responsibility of IASB staff.

  • In the preparation of these interim condensed consolidated financial statements in accordance with IFRS-EU IAS 34 Interim Financial Reporting, Group Management is required to make judgments, estimates and assumptions affecting the adoption of the standards and the amounts of assets, liabilities, income and expenses.

  • The Auditor-Controller’s Financial Reporting Group prepares the County’s CAFR, which is audited by an outside, independent accounting firm.


More Definitions of Financial Reporting Group

Financial Reporting Group means Seller and each of Seller’s Affiliates that constitute a single group for purposes of reporting Financial Statements. “Financial Statements” shall have the meaning set forth in Section 12(d) of this Agreement. “GAAP” meansshall mean generally accepted accounting principles as in effect from time to time in the United States of America.
Sample 1
Financial Reporting Group means the applicable Financial Reporting Entity and each of its Subsidiaries from time to time, but excluding any Unrestricted Subsidiaries.
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Financial Reporting Group means any Subsidiary of Parent, in each case with respect to the operations of the Business only, but excluding IM Australia, IM New Zealand and IM Asia Pacific.
Sample 1
Financial Reporting Group means Rocket Mortgage and its consolidated subsidiaries, which constitute a single group for purposes of reporting Financial Statements.
Sample 1
Financial Reporting Group means Quicken Loans and its consolidated subsidiaries, which constitute a single group for purposes of reporting Financial Statements.
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Related to Financial Reporting Group

  • Financial Report means the annual financial report prepared under Chapter 2M of the Corporations Act for the Company and its controlled entities;

  • Financial Reports means the Annual Financial Statements and the Interim Accounts.

  • Financial reporting year means the latest consecutive twelve-month period for which any of the following reports used to support a financial test is prepared:

  • Internal control over financial reporting means a process effected by an insurer’s board of directors, management and other personnel designed to provide reasonable assurance regarding the reliability of the financial statements, i.e., those items specified in Section 5(B)(2) through 5(B)(7) of this regulation and includes those policies and procedures that:

  • Financial Reporting Measure means any measure determined and presented in accordance with the accounting principles used in preparing the Company’s financial statements, and any measures derived wholly or in part from such measures, including GAAP, IFRS and non-GAAP/IFRS financial measures, as well as stock or share price and total equityholder return.

  • Financial Reporting Measures means measures that are determined and presented in accordance with the accounting principles used in preparing the Company’s financial statements, and all other measures that are derived wholly or in part from such measures. Stock price and total shareholder return (and any measures that are derived wholly or in part from stock price or total shareholder return) shall, for purposes of this Policy, be considered Financial Reporting Measures. For the avoidance of doubt, a Financial Reporting Measure need not be presented in the Company’s financial statements or included in a filing with the SEC.

  • Audited financial report means and includes those items specified in Section 5 of this regulation.

  • International Financial Reporting Standards means the accounting standards and interpretations adopted by the International Accounting Standards Board.

  • Internal Controls has the meaning set forth in Section 4.07(d).

  • Accounting Policies means those specific accounting policies set out in Schedule 2.6(1).

  • Common Reporting Standard (CRS) means the Standard for Automatic Exchange of Financial Account Information (“AEOFAI”) in Tax Matters and was developed in response to the G20 request and approved by the Organisation for Economic Co-operation and Development (OECD) Council on 15 July 2014, calls on jurisdictions to obtain information from their financial institutions and automatically exchange that information with other jurisdictions on an annual basis. It sets out the financial account information to be exchanged, the financial institutions required to report, the different types of accounts and taxpayers covered, as well as common due diligence procedures to be followed by financial institutions.

  • Internal control means a process effected by an entity's governing board, management, and other personnel, designed to provide reasonable assurance regarding the achievement of objectives in the following categories:

  • Financial Monitoring Report or “FMR” means each report prepared in accordance with Section 4.02 of this Agreement;

  • Rapid(ly) report(ing means within 72 hours of discovery of any cyber incident.

  • Reporting Accountants means the auditors of National Grid (but not acting in their capacity as auditors) or such other firm of accountants as may be nominated by National Grid and approved in writing by the Trustee for the purpose or, failing which, as may be selected by the Trustee for the purpose; and

  • Common Reporting Standard means the standard for automatic exchange of financial account information in tax matters (which includes the Commentaries), developed by the OECD, with G20 countries;

  • Reporting Insider means an insider of a reporting issuer if the insider is

  • Financial Quarter means the period commencing on the day after one Quarter Date and ending on the next Quarter Date.

  • Financial Records means any document or summary of information contained in a document, including electronic documents, that contains information about the financial activities or position of a person including, but not limited to, information about the assets, balance sheets, budgets, cash flow, earnings, revenue, expenditures, income, investments, losses, liabilities, payroll, profits, retained earnings, or taxes.

  • Financial Restatement means a restatement of the Company’s financial statements due to the Company’s material noncompliance with any financial reporting requirement under U.S. federal securities laws that is required in order to correct:

  • Quarterly reporting period means the three-month period covered by each

  • Reporting Date means the 7th day of each Month following the Month to which the relevant Management Information relates, or such other date as may be agreed between the Parties;

  • Day reporting means a program of enhanced supervision

  • Financial Statements has the meaning set forth in Section 3.06.

  • Reporting Party means any person who alleges that a student has violated this Code.

  • Reporting Company means a company that is obligated to file periodic reports under Sections 13 or 15(d) of the Securities Exchange Act.