CapitalConstructionFundAgreement基本建设投资合同5docWord格式文档下载.docx
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CapitalConstructionFundAgreement基本建设投资合同5docWord格式文档下载.docx
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1.DDDisengageddirectly,andthroughsubsidiaryandaffiliatedcorporations(collectivelysuchsubsidiaryandaffiliatedcorporationsbeingreferredtohereinasAffiliates),inthebusinessesofbuildingshipsfortheU.S.Governmentandprivatelyandpubliclyheldcorporations.
2.ThemoniesearnedfromtheseactivitiesarereceivedbyDDD,and/oritsAffiliates,undervariousformsofcontractsforthemostpartinvolvingprogresspayments,dependentuponthestateofcompletionoftheprojects,theproceedsofwhicharegenerallysubjecttoassignment.
3.DDDmaintainsaconsolidatedcapitalconstructionfund(theFund)withinthemeaningofSection607oftheMerchantMarineAct,1936,asamended(theAct)pursuanttothetermsofanoriginalagreementbetweenNASSCOandtheMaritimeAdministration,DepartmentofTransportation,datedasofSeptember14,1988,asamended(theAgreement),anddesirestoinvestandreinvestcertainmoniesortheproceedsofpropertydepositedandtobedeposited,fromtimetotime,intotheFundinanundividedinterestinEligibleReceivablesheldbyDDDoranyQualifiedAffiliate,assuchtermsaredefinedbelow.
4.(DDDorQualifiedAffiliate)proposestosellandDDDproposestopurchase,fortheaccountoftheFund,anundividedinterestinEligibleReceivablesarisingfromtimetotimeandheldby(DDDorQualifiedAffiliate).
NOWTHEREFORE,inconsiderationofthepremisesandthemutualpromises,andsubjecttothetermsandconditionshereinaftersetforth,itisherebyagreed:
1.ELIGIBLERECEIVABLES.Subjecttothelimitationsofparagraph2(investment,share,percentage),DDDmaypurchasefromtimetotimefromanyitselforanyQualifiedAffiliatefortheaccountoftheFundanundividedinterestinEligibleReceivables.AnEligibleReceivableshallbeanevidenceofindebtednessoftheUnitedStatesofAmerica,oranyinstrumentalityoragencythereof,orofanypartyorganizedunderthelawsoftheUnitedStatesorastatethereof,unrelatedtoDDDoranyofitsAffiliates,payableinUnitedStatesdollarsandacquiredbyDDDoranyQualifiedAffiliateintheordinarycourseofbusiness.Notwithstandingtheforegoing,anAffiliateshallqualifytosellevidencesofindebtednesstoDDDfortheaccountoftheFundunderthisAgreement(QualifiedAffiliate)onlyupondeliveryofawritteninstrumentagreeingto(i)authorizeDDDtoactonitsbehalfwhereappropriateorrequiredhereunder,(ii)performanyoftheactsthatDDDhasagreedhereundertocausesuchAffiliatetoperform,and(iii)otherwiseboundbythetermsofthisAgreement.
2.INVESTMENT,SHAREANDPERCENTAGE.ThecumulativedollaramountpaidorconsiderationgivenbyDDDhereunderforthepurchaseofanundividedinterestinEligibleReceivablesfromDDD(DDDReceivables)orfromanyQualifiedAffiliate(AffiliateReceivables)less,ineachcase,-theproceedsreceivedbytheFunduponanysaleofsuchundividedinterestasdescribedinparagraph13(REPURCHASE)ishereinafterreferredtoasDDDInvestmentorAffiliateInvestment,respectively,(collectivelyInvestment).TheFund’sundividedinterest,expressedasadollaramount,inDDDReceivablesorAffiliateReceivablesishereinafterreferredtoindividuallyasDDDShareorAffiliateShare,respectively(collectivelyshare),andineachcaseshallatanytimebeequaltoDDDInvestmentorAffiliateInvestment,asthecasemaybe,multipliedbythesumofoneplustheDiscountFactor(asdefinedbelow)applicablethereto.TheFund’sundividedinterest,expressedasapercentage,inDDDReceivablesorAffiliateReceivables,ishereinafterreferredtoasDDDPercentageorAffiliatePercentage,respectively,andineachcaseshallatanytimebeequaltoDDDShareoranAffiliateShare,asthecasemaybe,dividedbythefacevalueofDDDReceivablesortheapplicableAffiliateReceivables,respectively.
3.ELECTIONANDASSIGNMENT.IfDDDelectstopurchaseEligibleReceivablesinitiallyorfromtimetotime,onbehalfoftheFund,itshallexecuteanddeliveraninstrumentofelection(Election)intheformsetforthinExhibitAtoDDDortheapplicableQualifiedAffiliate,asthecasemaybe,notlessthantwobusinessdayspriortotherequestedeffectivedatethereof.PursuanttotheElection,DDDwillsell,transfer,andassigntoNASSCO,inthecaseofDDDReceivables,andwillcausetheapplicableQualifiedAffiliatetosell,transferandassigntoDDD,inthecaseofAffiliateReceivables,ineachcaseonbehalfoftheFund,anundividedinterestinsuchEligibleReceivables.Thesale,transferandassignmentshallbeevidencedbyexecutionofaninstrumentofassignment(Assignment)intheformsetforthinExhibitB.AcopyofeachAssignmentshallbedeliveredtotheFunddepositoryasevidenceoftheFund’sinvestmentinaccordancewithSection607(c)oftheMerchantMarineAct,1936,asamended.TheinitialoranychangeinthelevelofeitherDDDInvestmentorAffiliateInvestment,respectively,shallbedistinguishedfromtheperiodicreinvestmentofanyDDDShareorAffiliateShareasdescribedinparagraph9(ONGOINGREINVESTMENT),whichshallrequirenoElectionorAssignment
4.TITLE.FromthetimeofDDD’initialpurchaseofSharethroughanyadjustmentinsuchSharefromtimetotime,suchShareshallbeandbecometheexclusivepropertyoftheFund.
5.AGENCY.
(a)PossessionandRecords.WithrespecttoallEligibleReceivablesinwhichtheFundownsanundividedinterestfromtimetotime,DDDshall,inthecaseofGeneralDynamics-Receivables,andshallcausetheapplicableQualifiedAffiliate,inthecaseofAffiliateReceivables,ineachactingasagentonbehalfofDDDandtheFund,tomaintainphysicalpossessionoftheEligibleReceivablesandallrecordspertainingthereto,whichrecordsshallindicateinwritingthattheFundhasanundividedinterestintheEligibleReceivablesandshallbesufficienttodistinguishtheFund’sinterestthereinfromDDD’sorsuchQualifiedAffiliate’sremaininginterest.
(b)Collection.Subjecttotheexerciseofreasonablebusinessjudgment,DDDshall,inthecaseofDDDReceivables,andshallcausetheapplicableQualifiedAffiliate,inthecaseofAffiliateReceivables,tousereasonableeffortstoprocessandcollectEligibleReceivablesinthesamemannerandwiththesamediligenceasitorsuchQualifiedAffiliateprocessesandcollectsitsotherreceivables.InadditionGeneralDynamicsshallinitsownname,inthecaseofDDDReceivables,andshallcausetheapplicableQualifiedAffiliate,inthecaseofAffiliateReceivables,to(i)endeavortocollect,orcausetobecollected,fromitscustomersorthoseoftheapplicableQualifiedAffiliateasandwhendueanyandallamountsowingunderoronaccountofEligibleReceivables,and(ii)take,orcausetobetaken,suchactiontoenforcerightsunderanysuchEligibleReceivablesasitorsuchQualifiedAffiliatedeemsreasonablyproper.
(c)CollectionAgencies:
CompliancewithLaw.DDDoranyQualifiedAffiliatemayemploycollectionagenciesorotherstocollectdefaultedEligibleReceivables.InactingwithrespecttoEligibleReceivables,DDDwillandwillcauseeachQualifiedAffiliatetocomplywithalllaws,officialrulingsandregulationsandwillindemnifyandholdtheFundharmlessfromandagainstanyandallpenaltiesorlosseswhichmightbeincurredbytheFundastheresultofDDD’soranyQualifiedAffiliate’snegligenceorfailuretocomplytherewith.
(d)EnforcementbytheFund.TheFundwilltakeanyactiontocollectEligibleReceivablesortootherwiseenforcetheFund’slegalinteresttherein,unlessDDDhasmadeadeterminationnottoorisunableto,ordoesnotcausetheapplicableQualifiedAffiliatetoorsuchQualifiedAffiliateisunabletoproceedforcollectionanddoesnototherwiseholdtheFundharmlessthroughtheoperationofparagraph12(UNCOLLECTIBLERECEIVABLES).InnoeventshalltheFundtakeanyactiontocollectanyEligibleReceivablesoftheUnitedStatesofAmericaoranyagencyorinstrumentalitythereofwhichhavenotbeenassignedinaccordancewiththeAssignmentofClaimsAct
(e)ServicingCosts.DDDwillreimburseeachQualifiedAffiliate,asappropriate,onamonthlybasis,butnotfromtheFund,fortheperformanceofservicesrequiredbythisparagraphinanamountequaltotheactualcostsincurredinconnectionwithsuchservicesasdeterminedfromtimetotime(i)fortheDDDReceivablesbymultiplyingsuchcostsbytheDDDPercentageoftheDDDReceivablesownedbytheFund,and(ii)foreachAffiliate’sReceivablesbymultiplyingsuchcostsbysuchAffiliate’sPercentageofsuchAffiliateReceivablesownedbytheFund.DDDshall,inthecaseofGeneralDynamicsReceivables,andshallcausetheapplicableQualifiedAffiliate,inthecaseofAffiliateReceivables,tokeeprecordsreasonablyrequiredtoallowNASSCOtoverifyanyamountschargedhereunder.
(f)PowerofAttorney.DDD,onbehalfofitselfandtheFund,herebygrantstoeachQualifiedAffiliate,asappropriate,anexclusivepowerofattorneytoprocessandcollecttheinterestoftheFundinEligibleReceivables,whichshallberevocableonlyifsuchQualifiedAffiliateisunabletoproceedforcollectionanddoesnototherwiseholdtheFundharmlessthroughtheoperationofparagraph12(UNCOLLECTIBLERECEIVABLES).
6.Audit.DDDshall,inthecaseofDDDReceivables,andshallcausetheapplicableQualifiedAffiliate,inthecaseofAffiliateReceivables,to(a)maintainsuchdocumentsinaccordancewithitsregularpracticeasmayberequiredforthecollectionofEligibleReceivables;
(b)maintainsuchaccountsando
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