Common use of Opening Statement Clause in Contracts

Opening Statement. Except as set forth in the Notes thereto, the Boeing Opening Statement presents fairly, in all material respects, the Net Assets of Boeing’s ELV Business as of December 31, 2004, in conformity with Boeing’s historical practices and procedures applied on a basis consistent in all material respects with the manner in which Boeing’s ELV Business reported its financial position for inclusion in the audited consolidated financial statements of Boeing as of that date. Except as set forth in Schedule C.05, the Boeing Opening Statement reflects the Boeing Contributed Assets and the Boeing Assumed Liabilities to the extent the same are contemplated to be presented in accordance with the Notes thereto, and the Boeing Opening Statement does not reflect any Boeing Excluded Assets or Boeing Excluded Liabilities.