IDPK Financial Statements definition

IDPK Financial Statements means (a) the audited statements of financial condition and statements of income, changes in shareholders’ equity and cash flows for each of the years ended December 31, 2011, 2012 and 2013 and for any annual period ended subsequent to December 31, 2013, and (b) the unaudited statements of financial condition and statements of income for the monthly, quarterly and annual periods ended subsequent to December 31, 2013.

Examples of IDPK Financial Statements in a sentence

  • As of the Closing Date, IDPK shall have tangible common equity (equal to IDPK’s total shareholders’ equity minus any intangible assets, in each case calculated in accordance with GAAP and the IDPK Financial Statements) of not less than $47,250,000.

  • Debris storage and reduction site operations will be paid based on the total cubic yards of debris that are delivered as recorded on the load ticket validated by the City.

  • Further, any Merger Related Expenses (as hereinafter defined) incurred by IDPK prior to the Closing Date shall be added back to IDPK’s total shareholders’ equity on the IDPK Financial Statements on a tax adjusted basis (to the extent there was a tax benefit recorded by IDPK as a result of the incurrence of such expense) based on PPBI’s marginal tax rate.

Related to IDPK Financial Statements