ML20237L521
| ML20237L521 | |
| Person / Time | |
|---|---|
| Site: | BWX Technologies, 07001201, 07000364, 07000824, 07000135 |
| Issue date: | 08/11/1987 |
| From: | Jordan L MCDERMOTT, INC. |
| To: | Rouse L NRC OFFICE OF NUCLEAR MATERIAL SAFETY & SAFEGUARDS (NMSS) |
| References | |
| 28503, NUDOCS 8709080437 | |
| Download: ML20237L521 (6) | |
Text
_ y, 76-gj 70-26l p%r RETURN TU 196-55 70-Sy Li /35
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P.O. Box 60035 1010 Common Street AllGJgjg
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New Orleans, Louisiana 70160 9 u.s t,;ctty,
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August 11, 1987 Q,\\ Mad Sec %
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Mr. L. C. Rouse, Chief Fuel Cycle Safety Branch i
Division of Fuel Cycle, Medical,
' Academic &' Commercial Use Safety United States Nuclear Regulatory Commission Washington, D.C.
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m CC Re: License Number SNM-42, SNM-145, e
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p SNM-414, SNM-778 and SNM-1168 -
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ct Financial Assurance for Payment 3
g for Decommissioning Costs
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Dear Mr. Crow:
In a letter dated March 13, 1978, Mr. George C.
Zipf, then President of the f
Babcock & Wilcox Company, stated that continuing assurance of ' Babcock & Wilcox's
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- ability to cover the costs of decommissioning all its nuclear facilities would be a
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 the 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, F.xecutive Vice President and Chief Financial and Administrative Officer and Robert A. Jolliff, Treasurer, dated June 30, 1987 for the year ended March 31, 1987.
In
- i addition, the Company's working capital, at that date, was in excess of the estimated cost to decommission its nuclear facilities.
If you have anf questions related to this submittal, please advise us.
Very Truly Yct.rs, Ch.
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THE EABCOCK & WILCOX COMPANY
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CERTIFICATE We, the undersigned do hereby certify, pursuant to Section 7 (D), of page 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, 1987.
In witness whereof we have hereunto set our hand this 30th day of June, 1987.
x /
E e/ Joh A.
nott cuti e Vi e President,
'hief F'na ial and Admi tive fficer WA t
Mobert A. Joffiff 7 TreasureV l
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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 Company, that there exists no default or event of default as defined in section thereof, during the fiscal year ended March 31, 1987.
In witness whereof we have hereunto set our hand this 30th day of June, 1987.
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ohn A Ly-nott J
x cutive ice President, C ief Fin ncial and A minis ative Officer i
..ma V Robert A M ilifTf Trea M er l
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CERTIFICATE l
I We, the undersigned officers of Babcock & Wilcox Industries Ltd., do hereby certify, pursuant to Section 7 i
(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 def ault or event of default, as defined therein, during the fiscal year ended March 31,.1987.
In witness whereof we have hereunto set our hand this 30th day of June, 1987.
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Jo n A.
nott V ce " es
-Finance O
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Nfobert A. Spiliff' Assistant Wea su re r
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CERTIFICATE 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 Guarantor. that there exists no default or event of default as defined in section thereof, during the fiscal year ended March 31, 1987.
In witness whereof we have hereunto set our hand this i
30th day of June, 1987.
f shn A.' Lynott xecu ive V ce President, Chie Fin cial and Adminis rative Officer l
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W,1 Mob e rt A. /3fl l i f D TreasMer I
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