ML20151Q308
| ML20151Q308 | |
| Person / Time | |
|---|---|
| Site: | 07001201, 07000364, 07000824, 07000135 |
| Issue date: | 08/01/1988 |
| From: | Jordan L BABCOCK & WILCOX CO., MCDERMOTT, INC. |
| To: | Rouse L NRC OFFICE OF NUCLEAR MATERIAL SAFETY & SAFEGUARDS (NMSS) |
| References | |
| 24588, NUDOCS 8808110113 | |
| Download: ML20151Q308 (6) | |
Text
74- /55 p"
sJRN TO mf93y
,o-u-os 70- 364-00cx m o s
70- BM McDermott
[
l'5NRC W /@/
Incorporated.
NMS$
1010 Common Street MAIL SECTION
//
P.O. Box 60035 C,A.)00CAIT cttRx New Odeans. LoWslana M ca
- 4) 587-4411 p
"" I g
4
. u o
Augus 88 RECElVED
- 0-Mr. L. C. Rouse, Chief
[
AUG0( !Sgg )d
>7, 43.MctfM ACClurony '
Fuel Cycle Safety Branch Division of Fuel Cycle, Medical,
\\
38 8 p
Academic & Commercial Use Safety i
hasseg,
g United States Nuclear Regulatory Commission Vashington, D.C.
20555 g#I* y An t:.tse Number SNM 42, SNM-145,
kina
.a 1 Assurance for Payment for L.;ommissioning Costs
Dear Mr. Rouse:
In a letter dated March 13, 1978, Mr. George C.
Zipf, chen President of the Babcock & Uilcox Company, stated that continuing assurance of Babcock & Wilcox's ability to cover the costs of decommissioning all its nuclear facilities would be provided to you.
The nature of these assurances would be first; a copy of an Officer's Certificate to the Company's lenders, under certain Promissory Note Agreements, that tue Company has met all restrictive covenants contained in the Note Agreements and second, that periodically, the Company would measure the cost of decommissioning its nuclear facilities to insure that they did not exceed the Company's working capital.
Attached are copies of these certificates signed by Messrs John A.
- Lynott, Executive Vice President and Chief Financial and Admini:trative Office and Robert A.
Jo111ff, Treasurer, dated June 30, 1988 for the year ended March 31, 1988.
In
(
addition, the Company's working capital, at that dare, was in excess of the estimat-ed cost to decommission its nuclear facilities.
If you have any questions related to this submittal, please advise us.
l Very Truly Yours, THE BABCOCK & WILCOX COMPANY V.
P L. V.
rdan Assistant Controller l
h LVJ/ELB/ytj i
g
[
5
r..
r o,,
I silIl au.
_C_E R T I F I C A T E We, the undersigned do hereby certify, pursuant to Section 7 (D), of pago 7 of the Note Agreement dated January.
1, 1977, relating to the Company's 8-1/2% Promissory Notes due January 1, 1997, entered into between you and the Company, that there exists no default or event of default as defined in section thereof, during the fiscal year ended March 31, 1988.
In witness whereof we have hereunto set our hand this 30th day of Jane, 1988.
Mf'
/
/
John A.
ynott Mxe ative ce President, Chiet ancial and Ad strative Officer i
AM V obert A()Tolliff '
Trea %rer I
s I
- j. o...,
(,,))
.., a CERTIFICATE We, the undersigned do hereby certify, pursuant to Section 7 (D), of page 10 of the Note Agreement dated October 12, 1971, relating to the Company's 9% Promissory Note due October 1, 1991, entered into between you and the l
Company, that there exists no default or event of default as I
i defined in section thereof, during the fiscal year ended March 31, 1988.
In witness whereof we have hereunto set our hand this 30th day of June, 1988, 4A
//
1
/ John A'.
Lynttt Exeputive V ce President, Chi >f Fin cial and Adm1 ative Officer d >&/1 Robe fr jE.~ J o 1 1'i f f n:.easure r l
l l
~
s h
<r
,,,e CERTI FICATE We, the undersigned do hereby certify, pursuant to Section 3 (D), of page 6 of the Guaranty Agreement dated December 1, 1976, relating to the Guarantor's 9% Guaranteed Notes due December 1, 1996, entered into between you and the l
Guarantor, that there exists no default or event of default I
as defined in section thereof, during the fiscal year ended March 31, 1988.
In witness whereof we have hereunto set our hand this 30th day of June, 1988.
i I
r A
_ ff vr ohn A.
~nott~
t Exec tive V e President, l
Chief in-cial and Administrative Officer f
M V obert
. Jollifff Tr urer
to.
- g. \\
'I m
CERTIFICATE We, the undersigned officers of Babcock & Wilcox Industries Ltd., do hereby certify, pursuant to Section 7 (b), of page 7 of the Note Agreement dated December 1,
- 1976, entered into with you which relates to the 9% Guaranteed Notes due December 1, 1996, that there exists no default or event of default, as defined therein, during the fiscal year ended March 31, 1988,.
,~
In witness where$f we have hereunto: set our hand this 30th day of June, 1988._
,,_, n c6h.
John A.
yncrt t Preside t-Finance
._ o,
lA W
-i U
Rober g. Jolliff Assist.w Treasurer
)
l 1
n.
,,., +
,,,,-aw,,--..,,,---.,