FFC Financial Statements definition
Examples of FFC Financial Statements in a sentence
The representations and warranties set forth in Sections 4.6, 4.7 and 4.8 herein shall apply to the financial statements (hereinafter collectively referred to as the "Additional FFC Financial Statements") set forth in the foregoing Quarterly Reports and any Annual Report to FFC's shareholders.
In particular, without limiting the generality of the foregoing sentence, the Additional FFC Financial Statements (as defined in Section 6.3) shall indicate that the consolidated financial condition, assets, liabilities and results of operations of FFC as of the respective dates reported therein do not vary adversely in any material respect from the consolidated financial condition, assets, liabilities and results of operations presented in the FFC Balance Sheet.
The representations and warranties set forth in Sections 4.5, 4.6 and 4.7 herein shall apply to the financial statements (hereinafter collectively referred to as the "Additional FFC Financial Statements") set forth in the foregoing Quarterly Reports and any Annual Report to FFC's shareholders.
Section 4.9 of the FFC Disclosure Memorandum also lists all Loans or extensions of credit which are included on any FFC Company's "watch list." The net book value of either FFC Company's ORE is carried on the balance sheet of the FFC Financial Statements at fair value at the time of acquisition less estimated selling costs which approximate the net realizable value of the ORE in accordance with the American Institute of Certified Public Accountants' Statement of Position 92-3.
There is no audit examination, deficiency, or refund litigation with respect to any Taxes, except as fully reserved against in the FFC Financial Statements made available prior to the date of this Agreement.
To FFC’s Knowledge, FFC Financial Statements fairly present the fair market values of all loans, leases, securities, tangible and intangible assets and liabilities, and any impairments thereof.
In particular, without limiting the generality of the foregoing sentence, the Additional FFC Financial Statements shall indicate that the financial condition, assets, liabilities and results of operations of FFC as of the respective dates reported therein do not vary adversely in any material respect from the financial condition, assets, liabilities and results of operations presented in the FFC Balance Sheet.
The liabilities of each other FFC ERISA Plan are fully and properly reflected on the FFC Financial Statements to the extent required by, and in accordance with, GAAP.
All contributions required under or premium payments due under each of the other FFC Benefit Plans which calls for contributions or premium payments have been made in full on a timely basis or are fully and properly accrued on the FFC Financial Statements, and the liabilities of each of the other FFC Benefit Plans which do not call for contributions or premium payments are fully and properly accrued on the FFC Financial Statements.