Common use of NRC Licenses Clause in Contracts

NRC Licenses. (a) Each Seller has all licenses, permits, and other consents and approvals applicable to such Seller that are issued by the NRC and are necessary to the ownership and operation of the NMP-2 Assets as presently operated, pursuant to the requirements of all Nuclear Laws. Except as set forth in Schedule 4.18(a), no Seller has received any written notification that it is in violation of any of such license, or any order, rule, regulation, or decision of the NRC with respect to the NMP-2 Assets, except for notifications of violations which could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. Each Seller is in compliance with all Nuclear Laws and all orders, rules, regulations, or decisions of NRC applicable to it with respect to the NMP-2 Assets, except for violations which, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. (b) Schedule 4.18(b) sets forth all material permits, licenses, and other consents and approvals issued by the NRC applicable to the NMP-2 Assets.

NRC Licenses. (a) Each Seller has all licenses, permits, and other consents and approvals applicable to such Seller that are issued by the NRC and are necessary to the ownership and operation of the NMP-2 NMP-1 Assets as presently operated, pursuant to the requirements of all Nuclear Laws. Except as set forth in Schedule 4.18(a), no Seller has not received any written notification that it is in violation of any of such license, or any order, rule, regulation, or decision of the NRC with respect to the NMP-2 NMP-1 Assets, except for notifications of violations which could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. Each Seller is in compliance with all Nuclear Laws and all orders, rules, regulations, or decisions of NRC applicable to it with respect to the NMP-2 NMP-1 Assets, except for violations which, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. (b) Schedule 4.18(b) sets forth all material permits, licenses, and other consents and approvals issued by the NRC applicable to the NMP-2 NMP-1 Assets.