Compression Material Contracts Sample Clauses

Compression Material Contracts. (a) A copy of each Compression Material Contract is included in the CE Data Room. (b) As of the date of this Agreement and as of the Closing Date, each Compression Material Contract is and will be in full force and effect and constitutes and will constitute a legally valid and binding agreement, enforceable in accordance with its terms, of CE Compression and the relevant Compression Subsidiary respectively concerned. (c) To the CE Knowledge: (i) there is no pending default under or a breach of a material term of any Compression Material Contract by CE Compression and/or the relevant Compression Subsidiary, (ii) neither CE Compression nor the relevant Compression Subsidiary has received any written notice indicating that any other party is in default in any material respect under, or intends to exercise any right to terminate or not to renew, any Compression Material Contract (also as a result of the completion of the Transaction), (iii) there has not occurred any event that with notice or lapse of time or both would constitute such a default. (d) Except for what set forth in Schedule 7.11(d), no Compression Material Contract contains a change of control provision, or provision or any term or condition triggering termination or any new obligation of CE Compression and/or any Compression Subsidiary upon direct or indirect changes into their shareholding structure and neither the execution of this Agreement nor the performance of the obligations hereunder shall trigger the right of any third party to any Compression Material Contract to terminate, or withdraw from, any such Compression Material Contract. Neither the execution and delivery of this Agreement nor the consummation of the transactions contemplated herein will, except for what indicated in Schedule 7.11(d), conflict with, or result in breach of any provision of, or give any Person the right to declare a default or exercise any remedy under, or to accelerate the maturity or performance of, or to cancel, terminate, or modify, any Compression Material Contract.