Examples of CNB Financial Statements in a sentence
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 the notes to the CNB Financial Statements.
CNB has furnished Adirondack true and complete copies of its Consolidated Balance Sheet, Consolidated Statements of Income, Consolidated Statements of Cash Flows and Consolidated Statements of Stockholders' Equity as of and for the years ended December 31, 1997, 1996 and 1995 together with the interim financial statements as of and for the nine months ended September 30, 1998 (collectively, "CNB Financial Statements").
Other than as specifically disclosed in this Agreement or the CNB Financial Statements there has not occurred any event which has made a Material Adverse Effect or any condition, event, circumstance, fact or occurrence (other than changes resulting from or attributable to changes in laws, regulations and generally accepted accounting principles or interpretations) that may reasonably be expected to result in a Material Adverse Effect on CNB.
The CNB Financial Statements as of and for the three years ended December 31, 1997 are audited, and together with the unaudited financial statements as of and for the nine months ended September 30, 1998, have been prepared in accordance with generally accepted accounting principles applied on a consistent basis, and, together with the notes thereto, present fairly the financial position of CNB at the dates shown and the results of operations for the periods then ended.
The written statement must be emailed directly to the intramural program at intramurals@illinois.edu or dropped off at the intramural office in the ARC Administrative Suites.
The CNB Companies have filed all federal, state, and local tax returns and reports required to be filed, and all taxes shown by such returns to be due and payable have been paid or are reflected as a liability in the CNB Financial Statements or are being contested in good faith and have been Previously Disclosed.
Except as disclosed or reserved against in the CNB Financial Statements, all of the CNB Companies have good and marketable title free and clear of all material liens, encumbrances, charges, defaults or equities of whatever character to all of the material properties and assets, tangible or intangible, reflected in the CNB Financial Statements as being owned by the CNB Companies as of the dates thereof.
Except to the extent that liabilities therefor are specifically reflected in the CNB Financial Statements, there are no federal, state or local tax liabilities of the CNB Companies other than liabilities that have arisen since December 31, 1999, all of which have been properly accrued or otherwise provided for on the books and records of the CNB Companies.
Except as Previously Disclosed and except for pledges to secure public and trust deposits and obligations under agreements pursuant to which any of the CNB Companies has sold securities subject to an obligation to repurchase, none of the investment securities reflected in the CNB Financial Statements is subject to any restriction, contractual, statutory, or otherwise, which would impair materially the ability of the holder of such investment to dispose freely of any such investment at any time.