Common use of Nuclear Risks Clause in Contracts

Nuclear Risks. To the knowledge of the Company, all Company Government Contracts and all Company Government Subcontracts that require or have required the Company or any of its Subsidiaries (when each such Subsidiary was directly or indirectly a Subsidiary of the Company and not before) to perform work involving nuclear risks (i) have at all times been performed in compliance with applicable statutes and regulations and no such performance has been or is in violation of any applicable statute or regulation, except for such failures to comply as would not reasonably be expected to result in a Company Material Adverse Effect, and (ii)(A) have contained or contain contractual indemnification by the U. S. Government under the authority of Public Law 85-804 or 10 U.S.C. Section 2354 or the ▇▇▇▇▇-▇▇▇▇▇▇▇▇ Act, as implemented by Executive Order and regulation, and (B) such indemnities are in full force and effect.

Appears in 1 contract

Sources: Merger Agreement (Northrop Grumman Corp /De/)

Nuclear Risks. To the knowledge of the Company, all Company Government Contracts and all Company Government Subcontracts that require or have required the Company or any of its Subsidiaries (when each such Subsidiary was directly or indirectly a Subsidiary of the Company and not before) to perform work involving nuclear risks (i) have at all times been performed in compliance with applicable statutes and regulations and no such performance has been or is in violation of any applicable statute or regulation, except for such failures to comply as would not reasonably be expected to result in a Company Material Adverse Effect, and (ii)(A) have contained or contain contractual indemnification by the U. S. Government under the authority of Public Law 85-804 or 10 U.S.C. Section 2354 or the ▇▇▇▇▇Price-▇▇▇▇▇▇▇▇ Anderson Act, as implemented by Executive Order and regulationregulatio▇, and ▇▇▇ (B) such ▇▇ch indemnities are in full force and effect.

Appears in 1 contract

Sources: Merger Agreement (Newport News Shipbuilding Inc)