Common use of Long Term Contracts Clause in Contracts

Long Term Contracts. Any agreement or understanding which obligates Company or Company's Subsidiaries for a period in excess of one year, which has a value in excess of $50,000, to purchase, sell, or provide services, materials, supplies, merchandise, facilities, or equipment and which is not terminable without penalty on not more than thirty (30) days' notice;

Appears in 2 contracts

Samples: Merger Agreement (Shoreline Financial Corp), Merger Agreement (SJS Bancorp Inc)

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Long Term Contracts. Any agreement or understanding which obligates Company or Company's Subsidiaries for a period in excess of one year, which has a value in excess of $50,00025,000, to purchase, sell, or provide services, materials, supplies, merchandise, facilities, or equipment and which is not terminable without cost or penalty on not more than thirty sixty (3060) days' notice;

Appears in 1 contract

Samples: Merger Agreement (Chemical Financial Corp)

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Long Term Contracts. Any agreement or understanding which obligates Company Keystone or Company's the Subsidiaries for a period in excess of one year, which has a value in excess of $50,00025,000, to purchase, sell, or provide services, materials, supplies, merchandise, facilities, or equipment and which is not terminable without cost or penalty on not more than thirty sixty (3060) days' ’ notice;.

Appears in 1 contract

Samples: Merger Agreement (Firstbank Corp)

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