Common use of Backlog Clause in Contracts

Backlog. (a) As of the date hereof, the Company has a backlog of firm orders for the sale or lease of products or services, for which revenues have not been recognized by the Company, as set forth in Section 4.33(a) of the Company Disclosure Schedule. None of such orders have been, or to the knowledge of the Company are threatened to, or otherwise likely to be, cancelled.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Ostex International Inc /Wa/), Iv Agreement and Plan of Merger (Inverness Medical Innovations Inc)

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Backlog. (a) As of the date hereof, the Company has a backlog of firm orders for the sale or lease of products or services, for which revenues have not been recognized by the Company, as set forth in Section 4.33(a) of the Company Disclosure Schedule. None of such orders have been, or to the knowledge of the Company are threatened to, or otherwise likely to be, cancelledSchedule 2.27.

Appears in 1 contract

Samples: Purchase Agreement (Nextera Enterprises Inc)

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Backlog. (a) As of the date hereof, the The Company has a backlog of firm orders for the sale or lease of its products or services, for which revenues have not been recognized by the Company, and services as set forth in Section 4.33(a) on Schedule 3.7. As of the Company Disclosure Schedule. None date hereof, none of such orders have beenhas been cancelled or materially reduced, and each of such orders on backlog is at a price and on terms (including margin) consistent with the Company’s past practices and the Ordinary Course of Business. The foregoing shall not be deemed a representation that such orders will not be cancelled or to materially reduced following the knowledge of the Company are threatened to, or otherwise likely to be, cancelleddate hereof.

Appears in 1 contract

Samples: Asset Purchase Agreement (Virtusa Corp)

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