FLC Financials definition

FLC Financials means (i) the audited consolidated financial statements of FLC as of December 31, 1997 and for the three years ended December 31, 1997, including the notes thereto, and (ii) the unaudited interim consolidated financial statements of FLC as of each calendar quarter thereafter included in Securities Documents filed by FLC.
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Examples of FLC Financials in a sentence

  • The FLC Financials have been, or will be, prepared in accordance with GAAP applied on a consistent basis throughout the periods covered by such statements, except as noted therein, and fairly present, or will fairly present, the consolidated financial position, results of operations and cash flows of FLC as of and for the periods ending on the dates thereof, in accordance with GAAP applied on a consistent basis, except as noted therein and in the FLC Disclosure Schedule.

  • Except as disclosed in the FLC Disclosure Schedule, 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 FLC Financials.

  • The allowance for loan losses reflected, and to be reflected, in the FLC Regulatory Reports, and shown, and to be shown, on the balance sheets contained in the FLC Financials have been, and will be, established in accordance with the requirements of GAAP and all applicable regulatory criteria.

  • Neither FLC nor any FLC Subsidiary has consented to or entered into any Regulatory Agreement, except as heretofore disclosed in the FLC Financials or in the FLC Disclosure Schedule.