Loss Contracts. There shall be no changes made to the provisions for loss contracts from those used in the preparation of the March 31, 2002 Balance Sheet, except to the extent that such changes are required by documented and substantiated changes in facts and events occurring after March 31, 2002 and on or before the Balance Sheet Date and are not solely the result of changes in management estimates. It is further understood that loss contract reserves for contract bids and proposals and unexercised contract options of the Company that were in a loss position and outstanding at March 31, 2002 and which are awarded or exercised during the period between March 31, 2002 through and including the Balance Sheet Date shall be accrued and included in the Pre-Closing Date Balance Sheet.
Loss Contracts. There shall be no changes made to the provisions for loss contracts from those used in the preparation of the Baseline Balance Sheet, except to the extent that such changes are required by facts and events occurring after December 31, 1998 and on or before the Closing Date.
Loss Contracts. In the determination of the Proposed Final Net Tangible Asset Amount and the Final Net Tangible Asset Amount, there shall be no changes made to the provisions for loss contracts from those used in the preparation of the December Statement, except to the extent that such changes are required by changes in facts and events occurring after December 31, 1996 and before the Effective Date. Due Diligence Costs; Organization of Newco. There shall be no amount accrued or reserved for in connection with the determination of the Proposed Final Net Tangible Asset Amount and the Final Net Tangible Asset Amount for any obligations or liabilities incurred in connection with Newco's, Lockheed Xxxxxx'x or the Purchaser's due diligence efforts in connection with the Contemplated Transactions, including without limitation any fees and expenses of the counsel, independent accountants or other agents, advisors or consultants of Newco, Lockheed Xxxxxx or any of the Purchasers, and there shall not be considered in the determination of the Proposed Final Net Tangible Asset Amount and the Final Net Tangible Asset Amount any fees, expenses, reserves (or valuation accounts) or liabilities associated with the incorporation, organization, formation, capitalization or financing of Newco or with any restructuring of the Business or any of the Business Units contemplated or implemented by Newco.
Loss Contracts. Section 2.14(b) of the Company Disclosure -------------- Schedule identifies all contracts (whether fixed price or time and materials with a price cap or other contract having similar effect) under which the Company provides products or services to a third party and as to which the cost of performance has exceeded or is likely to exceed the contract price and also sets forth, with respect to each such contract, the amount by which such cost of performance exceeds such contract price. Except as set forth in Section 2.14(b) of the Company Disclosure Schedule, all contracts under which the Company provides products or services to a third party are capable of being performed at a cost equal to or less than the contract price.
Loss Contracts. Use the following loss ratio adjustment procedures for making adjustments required by FAR 32.503–6(f) and (g)—
Loss Contracts. 25 4.27 Export Control Regulations......................................................... 25 4.28 Banks, Brokers and Proxies......................................................... 25 - i - TABLE OF CONTENTS (continued)
Loss Contracts. Except as set forth in SCHEDULE 4.26, no Company is a party to any Contract where, to Sellers' Knowledge, the Cost of Completion of such Contract (net of reserves set aside in the Interim Financial Statements for such type of losses) would be reasonably expected to significantly exceed the balance of monies to be paid by a customer or other Person to such Company under such Contract.
Loss Contracts. Section 3.21 Significant Customers and Suppliers
Loss Contracts. Section 4.12(b) of the Disclosure Schedule identifies -------------- all contracts (whether fixed price or time and materials with a price cap or other contract having similar effect) under which the Company or Inverness-U.S. provides products or services to a third party and as to which the cost of performance has exceeded or is likely to exceed the contract price by more than $50,000 and also sets forth, with respect to each such contract, the amount by which such cost of performance exceeds such contract price. Except as set forth in Section 4.12(b) of the Disclosure Schedule, the Shareholders believe that all contracts under which the Company or Inverness-U.S. provides services to a third party are capable of being performed at a cost equal to not more than $50,000 in excess of the contract price.
Loss Contracts. Section 2.14(b) of the Company Disclosure -------------- Schedule identifies all contracts (whether fixed price or time and materials with a price cap or other contract having similar effect) under which the Company or one of its subsidiaries provides products or services to a third party and as to which the cost of performance has exceeded or is likely to exceed the contract price and also sets forth, with respect to each such contract, the amount by which such cost of performance exceeds such contract price. Except as set forth in Section 2.14(b) of the Company Disclosure Schedule, all contracts under which the Company or one of its subsidiaries provides services to a third party are capable of being performed at a cost equal to or less than the contract price.
