Common use of Backlog Clause in Contracts

Backlog. Schedule 3.23 sets forth as of June 30, 2011, a statement of the backlog of orders for the sale of products or services relating to the Business for which revenues have not been recognized. All of the items represented on the Backlog Report are reasonable and customary and have been incurred in the Ordinary Course of Business and are evidenced by contracts or purchase orders.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Cameron International Corp), Stock Purchase Agreement (Joy Global Inc)

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Backlog. Schedule 3.23 sets forth as of June 30March 31, 2011, a statement of the backlog of orders for the sale of products or services relating to the Business for which revenues have not been recognized. All of the items represented on the Backlog Report are reasonable and customary and have been incurred in the Ordinary Course of Business and are evidenced by contracts or purchase orders.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Rowan Companies Inc), Stock Purchase Agreement (Joy Global Inc)

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