Common use of Customer Concentration Clause in Contracts

Customer Concentration. Borrower shall provide prompt written notice if any customer which was one of Borrower’s and its Subsidiaries’ largest five (5) customers on a consolidated basis in terms of revenue in the prior Fiscal Year gives notice that it intends to cancel its contract or significantly reduce its usage of services (or Borrower has reason to believe that such usage will be so reduced) if as a result thereof such customer could reasonably be expected to cease to be one of Borrower’s and its Subsidiaries’ largest ten (10) customers on a consolidated basis in the then current Fiscal Year.

Appears in 5 contracts

Samples: Credit Agreement (TNS Inc), Credit Agreement (TNS Inc), Credit Agreement (TNS Inc)

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Customer Concentration. Borrower shall provide prompt written notice if any customer which was one of Borrower’s 's and its Subsidiaries' largest five (5) customers on a consolidated basis in terms of revenue in the prior Fiscal Year gives notice that it intends to cancel its contract or significantly reduce its usage of services (or Borrower has reason to believe that such usage will be so reduced) if as a result thereof such customer could reasonably be expected to cease to be one of Borrower’s 's and its Subsidiaries' largest ten (10) customers on a consolidated basis in the then current Fiscal Year.

Appears in 1 contract

Samples: Credit Agreement (TNS Inc)

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