Status of Cobalt Agreements Sample Clauses

Status of Cobalt Agreements. Each Cobalt Agreement is in full force and effect and is enforceable against Cobalt and, to the knowledge of Cobalt and the Shareholders, the other parties thereto, in accordance with its terms, except as such enforceability may be limited by (a) applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors' rights generally, (b) applicable equitable principles, whether considered in a proceeding at law or in equity and (c) reason of generally acceptable public policy principles, consideration or limitations imposed by or resulting from the exercise by any court of its discretion. Cobalt is in compliance with each Cobalt Agreement to which it is a party, except, in each case, for such non-compliance as does not (x) constitute a breach or default (or an event which, with the giving of notice or the passage of time, or both, would constitute a default) thereunder, (y) give to others any rights of termination, acceleration, suspension, revocation, cancellation or amendment thereof or (z) cause, either individually or in the aggregate, a Material Adverse Effect. To the knowledge of Cobalt and the Shareholders, all other parties to such Cobalt Agreements are in material compliance with the terms thereof. Except as otherwise