Common use of Shell Clause in Contracts

Shell. (a) Seller has provided the Buyer with true and complete copies of each agreement between Shell and the Company in effect as of the date hereof, and all such agreements are valid, binding and enforceable and are in full force and effect. (b) Except as set forth on Schedule 3.21(b), no material claim, action, arbitration, proceeding or notice of dispute has been made by Shell against the Company, no material claim, action, arbitration, proceeding or notice of dispute has been made by the Company against Shell and, to Seller’s Knowledge, no basis for any such claim exists, in each case since February 28, 2001.