PCB Financial Statements definition

PCB Financial Statements means (i) the audited balance sheets (including related notes and schedules, if any) of PCB as of December 31, 2017, 2016 and 2015, and the related statements of income, changes in stockholders’ equity and cash flows (including related notes and schedules, if any) for the years then ended, together with the report thereon of Hacker, ▇▇▇▇▇▇▇ & ▇▇▇▇▇ PA, independent certified public accountants, and (ii) the unaudited balance sheets of PCB (including related notes and schedules, if any) and related statements of income, changes in stockholders’ equity and cash flows (including related notes and schedules, if any) with respect to periods ended subsequent to December 31, 2017.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

PCB Financial Statements means (i) the consolidated balance sheets (including related notes and schedules, if any) of PCB as of December 31, 2006, 2007 and 2008, and the related statements of income, changes in shareholders’ equity, and cash flows (including related notes and schedules, if any) for the years ended December 31, 2005, 2006 and 2007, as filed by PCB with Regulatory Authorities, and (ii) the consolidated balance sheets of PCB (including related notes and schedules, if any) and related statements of income, changes in shareholders’ equity, and cash flows (including related notes and schedules, if any) included in any filings made with Regulatory Authorities with respect to periods ended subsequent to December 31, 2008.

Examples of PCB Financial Statements in a sentence

• The PCB Financial Statements for periods ended prior to the date hereof are listed on Schedule 5.5 and have been previously furnished to NCC.

• PCB will promptly deliver to NCC copies of all PCB Financial Statements and PCB Call Reports prepared subsequent to the date hereof.

• Except as disclosed in Schedule 3.7, PCB has no Liabilities that are reasonably likely to have, individually or in the aggregate, a PCB Material Adverse Effect, except Liabilities which are accrued or reserved against in the balance sheets of PCB as of December 31, 2008, included in the PCB Financial Statements delivered prior to the date of this Agreement or reflected in the notes thereto.

• There is no audit, examination, deficiency, or refund Litigation with respect to any Taxes, except as reserved against in the PCB Financial Statements delivered prior to the date of this Agreement.

• There is no audit examination, deficiency, refund Litigation or matter in controversy pending, or to the Knowledge of each of the PCB Companies, threatened, with respect to any Taxes that might result in a determination that would have, individually or in the aggregate, a Material Adverse Effect on PCB, except as reserved against in the PCB Financial Statements delivered prior to the date of this Agreement.

• Except as disclosed on Schedule 3.12 or as disclosed or reserved against in the PCB Financial Statements delivered prior to the date of this Agreement, PCB has good and marketable title, free and clear of all Liens, to all of its Assets, except for any such Liens or other defects of title which are not reasonably likely to have a PCB Material Adverse Effect.

• The amounts shown on such returns to be due and payable have been paid in full or adequate provision therefor has been included by PCB in the PCB Financial Statements.

• The Material Contracts, including any amendments thereto or extensions thereof are valid and binding obligations of the parties thereto enforceable in accordance with their respective terms.

• PCB has made available to FNB all PCB Financial Statements for periods ended prior to the date hereof and will deliver to FNB copies of all PCB Financial Statements prepared subsequent to the date hereof.