Material PRB Contracts Clause Samples

Material PRB Contracts. Except as set forth on Section 4.15 of the PRB Disclosure Schedule, PRB is not a party to or bound by any PRB Material Contract (as defined above), or (b) any Contract which would prohibit or materially delay the consummation of the Merger or any of the transactions contemplated by this Agreement. Each PRB Material Contract is valid and binding on PRB and, to the knowledge of PRB, each other party thereto, and is in full force and effect, and PRB has performed all of its obligations required to be performed by it to the date hereof under each such PRB Material Contract and, to the knowledge of PRB, each other party to each PRB Material Contract has in all respects performed all obligations required to be performed by it under such PRB Material Contract, except as would not, individually or in the aggregate, have a Material Adverse Effect with respect to PRB. PRB has not received any written notice of any violation or default under (or any condition which with the passage of time or the giving of notice would cause such a violation of or default under) any PRB Material Contract.