Status of Government Contracts Sample Clauses

Status of Government Contracts. Except as set forth on Section 3.16(b) of the Company Disclosure Schedule, each of the Government Contracts is in full force and effect, and: (i) all of the Government Contracts are binding on the Company or its Subsidiary, as the case may be, and the Company or its Subsidiary, and the other parties thereto are in compliance in all material respects with all terms and conditions of such Government Contracts; (ii) neither the Company nor its Subsidiary has received any written notice of deficient performance or administrative deficiencies relating to any Government Contract; (iii) neither the Company nor its Subsidiary has received any written notice of any stop work orders, terminations, cure notices, show cause notices or notices of default or breach under any of the Government Contracts, nor, to the Knowledge of the Company, has any such action been threatened; (iv) there are no Government Contracts which require the Company to be an account party to a letter of credit or bank guarantee which allows the beneficiary to draw funds without the specific consent of the account party; (v) there are no written claims or requests received by the Company or its Subsidiary for equitable adjustments outstanding under any Government Contract; (vi) originals or true, correct and complete copies of all Government Contracts have been provided or made available to Purchaser; and (vii) no material change with respect to any Government Contract is being discussed by the Company or its Subsidiary and the other party or parties thereto.
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Status of Government Contracts. With respect to the Company’s Government Contracts: (i) The Company has complied with all material terms and conditions of the Company’s Active Government Contracts, including all clauses, provisions and requirements incorporated expressly by reference or by operation of applicable Legal Requirements therein, and Teaming Agreements; (ii) The Company has complied with all applicable Legal Requirements related to Active Government Contracts; (iii) All representations and certifications executed, acknowledged or set forth in or pertaining to any Bid which was submitted by the Company within the past five (5) years which resulted in any Government Contract were current, accurate and complete in all material respects as of their effective date, any and all material representations or certifications required at any time to be updated were in fact updated as required, and the Company has complied in all material respects with all such representations and certifications; (iv) Neither the U.S. Government, any State Government nor any prime contractor, subcontractor or other person has notified the Company in writing that the Company has breached or violated any applicable Legal Requirements or any certification, representation, clause, provision or requirement of any Active Government Contract or Bid; and, to the Knowledge of the Company, no such notification has been made in oral form; (v) The cost accounting practices that the Company is using (and has used at all times during its existence) to estimate and record costs in connection with the submission of Bids and performance of Active Government Contracts are (and have been) in compliance with applicable Legal Requirements, including but not limited to, the FAR Cost Principles and Cost Accounting Standards (if required), and have been properly disclosed to the U.S. Government (if required to be disclosed by applicable Legal Requirements); (vi) Neither the Company, nor any of its directors, officers or employees, is (or has been at any time during the past five (5) years) suspended or debarred from doing business with the U.S. Government or any State Government, or has been declared nonresponsible or ineligible for U.S. Government or State Government contracting; and the Company does not know of any circumstances that could give rise to in the future the institution of suspension or debarment proceedings, criminal or civil fraud or other criminal or civil proceedings or a determination of nonresponsibility or in...
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Status of Government Contracts. Except as set forth on Schedule 2.25(c), with respect to the Company’s Government Contracts:
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Related to Status of Government Contracts

  • Level of Government Regional

  • Performance of Government Functions Nothing contained in this contract shall be deemed or construed so as to in any way estop, limit, or impair the City from exercising or performing any regulatory, policing, legislative, governmental, or other powers or functions.

  • Government Contracts Except as set forth in Disclosure Schedule (3.20), as of the Closing Date, no Credit Party is a party to any contract or agreement with any Governmental Authority and no Credit Party’s Accounts are subject to the Federal Assignment of Claims Act (31 U.S.C. Section 3727) or any similar state or local law.

  • Controlled Government Data The Disclosing Party's Controlled Government Data, if any, will be identified in a separate technical document.

  • LOAN OF GOVERNMENT PROPERTY The parties shall enter into a NASA Form 893, Loan of NASA Equipment, for NASA equipment loaned to Partner.

  • Compliance with Government Regulations The Company covenants that if any share of Common Stock required to be reserved for purposes of exercise or conversion of Warrants require, under any federal or state law or applicable governing rule or regulation of any national securities exchange, registration with or approval of any governmental authority, or listing on any such national securities exchange, before such shares may be issued upon exercise, the Company will use its commercially reasonable efforts to cause such shares to be duly registered, approved or listed on the relevant national securities exchange, as the case may be.

  • Authorization of Governmental Authorities No action by (including any authorization, consent or approval), in respect of, or filing with, any governmental authority or regulatory body is required for, or in connection with, the valid and lawful authorization, execution, delivery and performance by it of this Agreement, subject to, in the case of the Debtors, the entry by the Bankruptcy Court of the Approval Order.

  • Government Contract Government Contract" shall mean any prime contract, subcontract, letter contract, purchase order or delivery order executed or submitted to or on behalf of any Governmental Body or any prime contractor or higher-tier subcontractor, or under which any Governmental Body or any such prime contractor or subcontractor otherwise has or may acquire any right or interest.

  • No Conflict; Government Consent Neither the execution and delivery by the Borrower of the Loan Documents, nor the consummation of the transactions therein contemplated, nor compliance with the provisions thereof will violate, except to the extent that such violation, alone or in the aggregate, could not reasonably be expected to have a Material Adverse Effect, (i) any law, rule, regulation, order, writ, judgment, injunction, decree or award binding on the Borrower or any of its Subsidiaries or (ii) the Borrower’s or any Subsidiary’s articles or certificate of incorporation, partnership agreement, certificate of partnership, articles or certificate of organization, bylaws, or operating or other management agreement, as the case may be, or (iii) the provisions of any indenture, instrument or agreement to which the Borrower or any of its Subsidiaries is a party or is subject, or by which it, or its Property, is bound, or conflict with or constitute a default thereunder, or result in, or require, the creation or imposition of any Lien in, of or on the Property of the Borrower or a Subsidiary pursuant to the terms of any such indenture, instrument or agreement. No order, consent, adjudication, approval, license, authorization, or validation of, or filing, recording or registration with, or exemption by, or other action in respect of any governmental or public body or authority, or any subdivision thereof, which has not been obtained by the Borrower or any of its Subsidiaries, is required to be obtained by the Borrower or any of its Subsidiaries in connection with the execution and delivery of the Loan Documents, the borrowings under this Agreement, the payment and performance by the Borrower of the Obligations or the legality, validity, binding effect or enforceability of any of the Loan Documents.

  • Compliance with Law and Government Regulations The Company is in compliance with, and is not in violation of, applicable federal, state, local or foreign statutes, laws and regulations (including without limitation, any applicable environmental, building, zoning or other law, ordinance or regulation) affecting the Company or its properties or the operation of its business. The Company is not subject to any order, decree, judgment or other sanction of any court, administrative agency or other tribunal.

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