Common use of Opening Statement Clause in Contracts

Opening Statement. Except as set forth in the Notes thereto, the Lockheed ▇▇▇▇▇▇ Opening Statement presents fairly, in all material respects, the Net Assets of Lockheed ▇▇▇▇▇▇’▇ ELV Business as of December 31, 2004, in conformity with Lockheed ▇▇▇▇▇▇’▇ historical practices and procedures applied on a basis consistent in all material respects with the manner in which Lockheed ▇▇▇▇▇▇’▇ ELV Business reported its financial position for inclusion in the audited consolidated financial statements of Lockheed ▇▇▇▇▇▇ as of that date. Except as set forth in Schedule B.05, the Lockheed ▇▇▇▇▇▇ Opening Statement reflects the Lockheed ▇▇▇▇▇▇ Contributed Assets and the Lockheed ▇▇▇▇▇▇ Assumed Liabilities to the extent the same are contemplated to be presented in accordance with the Notes thereto, and the Lockheed ▇▇▇▇▇▇ Opening Statement does not reflect any Lockheed ▇▇▇▇▇▇ Excluded Assets or Lockheed ▇▇▇▇▇▇ Excluded Liabilities.