Examples of Excluded Assets and Liabilities in a sentence
The balance sheet as of June 30, 2021 contained in such carveout financial statements does not include any Excluded Assets and Liabilities and reflects all assets and liabilities of the Bank and the Transferred Subsidiaries (after giving effect to the Excluded Assets and Liabilities Transfer) required to be set forth on such balance sheet.
On a combined basis, and after giving effect to the Excluded Assets and Liabilities Transfer, they would hold less than 7%, of California’s $2.1 trillion in total state deposits.
The Sellers hereby agree to indemnify the Buyer Indemnitees from and against all Losses and Liabilities attributable to the Excluded Assets and Liabilities.
The purchase price is based upon Union Bank having $6.25 billion of tangible book value at closing after giving effect to the Excluded Assets and Liabilities Transfer and the Special Dividend, as described below.
A separate application for approval of Excluded Assets and Liabilities Transfer will be submitted to the JFSA within 90 days of U.S. Bancorp’s agreement to a final form of the P&A Agreement.