Examples of Valley Financial Statements in a sentence
As of the date hereof, the reserve for loan and lease losses in the Valley Financial Statements is, to Valley's knowledge, adequate based upon past loan loss experiences and potential losses in the current portfolio to cover all known or anticipated loan losses.
As of the date hereof, the reserve for loan and lease losses in the Valley Financial Statements is, to Valley’s knowledge, adequate based upon past loan loss experiences and potential losses in the current portfolio to cover all known or anticipated loan losses.
Citizens has also previously delivered to Meridian true and complete copies of the internally prepared unaudited financial statements for the years ended December 31, 1993, December 31, 1994, and December 31, 1995, for Mississippi Valley (the "Mississippi Valley Financial Statements").
All accounts receivable of Valley have arisen from bona fide transactions in the ordinary course of business, and adequate reserves or allowances have been provided with respect to such accounts receivable as reflected in the Valley Financial Statements.
The Premier Valley Financial Statements are based upon the books and records of Premier Valley and the Bank Subsidiaries, and have been prepared in accordance with GAAP (except that the Unaudited Statements may not contain all notes and are subject to year-end adjustments none of which, except as disclosed on Schedule 4.4, are material).
Valley and its Subsidiaries have good and marketable title in fee simple to all real property owned by them and good and valid title to all personal property owned by them, in each case free and clear of all Liens, except for Liens reflected in Valley Financial Statements and those which do not materially affect the value of such property and do not interfere with the use made and proposed to be made of such property by Valley or any of its Subsidiaries.
Valley has disclosed in Section 5.5 of the Valley Disclosure Memorandum, and has delivered to American Home copies of, all Valley Financial Statements prepared for periods ended prior to the date of the amendment and restatement of this Agreement and will deliver to American Home copies of all Valley Financial Statements prepared subsequent to the date of the amendment and restatement of this Agreement.
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 Valley, except to the extent reserved against in the Valley Financial Statements dated prior to the date of the amendment and restatement of this Agreement.
When the annual audit by Oak Valley’s independent auditor with respect to Oak Valley’s Unaudited Annual Financial Statements is completed, (i) the audit report attached to such financial statements will contain an unqualified opinion by such independent auditor; and (ii) such financial statements will reflect the same financial position and results of operations as are set forth in the Unaudited Oak Valley Financial Statements, subject to audit adjustments, which will not be material in the aggregate.
As of the date hereof, the reserve for loan and lease losses in the Xxxxxx Valley Financial Statements is, to Xxxxxx Valley’s knowledge, adequate based upon past loan loss experiences and potential losses in the current portfolio to cover all known or anticipated loan losses.