ERAPSCO definition
Examples of ERAPSCO in a sentence
The Company has no Knowledge of any facts or circumstances that may reasonably lead to a requirement to make a mandatory disclosure under the FAR with respect to the Company, its Subsidiaries, or ERAPSCO.
Prior to the date hereof, the Company was informed by the DOJ that the DOJ Investigation is focused on the future activities of ERAPSCO, the Company and Ultra Electronics Holdings plc (“Ultra”) as each of the parties to ERAPSCO enhances its ability to independently develop, produce and sell sonobuoys and over time such parties work toward the elimination of their use of ERAPSCO for such activities.
The Company, its cleared Subsidiaries, and, subject to Section 8.16, ERAPSCO, are in compliance with all national security obligations specified in the NISPOM.
There are no clauses or provisions concerning any organizational conflict of interest contained in any Government Contract that would render the Company, any of its Subsidiaries, or, subject to Section 8.16, ERAPSCO, ineligible to participate in contracts or programs relating to its Material Government Contracts (including any follow-on procurements relating thereto).
The facility security clearances set forth in Section 3.01(y)(xvii) of the Company Disclosure Letter and the personnel security clearances held by the officers, directors, managers and employees of the Company, its Subsidiaries, and, subject to Section 8.16, ERAPSCO, constitute all of the facility and personnel security clearances necessary to conduct the business of the Company, any of its Subsidiaries, and, subject to Section 8.16, ERAPSCO, as it is currently being conducted.
Since September 1, 2016, the Company, its Subsidiaries, and, subject to Section 8.16, ERAPSCO, have not made a voluntary disclosure or a mandatory disclosure pursuant to the Federal Acquisition Regulation (“FAR”) mandatory disclosure provisions (FAR 9.406-2, 9.407-2 & 52.203-13) to any Governmental Entity, and no facts exist which would reasonably be expected to give rise to a claim for fraud under federal or state Law.
ERAPSCO is duly qualified or licensed to do business and is in good standing (where such concept is recognized under applicable Law) in each jurisdiction where the nature of its business or the ownership, leasing or operation of its properties makes such qualification or licensing necessary, other than where the failure to be so qualified, licensed or in good standing has not had and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.
ERAPSCO does not own, directly or indirectly, any capital stock of, or other equity or voting interests in, any Person.
All ERAPSCO Permits are valid and in full force and effect and are not subject to any administrative or judicial Proceeding or investigation that would reasonably be expected to result in modification, termination or revocation thereof, except where the failure to be in full force and effect or any modification, termination or revocation thereof has not had and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.
All facility security clearances held by the Company, its Subsidiaries, and, subject to Section 8.16, ERAPSCO, are currently in full force and effect.