Common use of Major Customers and Suppliers Clause in Contracts

Major Customers and Suppliers. (a) Part 2.14(a) of the Disclosure Schedule sets forth an accurate and complete list of each customer who was one of the five largest sources of revenues for the Acquired Companies for each of 2019 and 2020, based on amounts paid or payable as of the date of this Agreement (each, a “Major Customer”). No Acquired Company has any pending material dispute with any Major Customer. Since January 1, 2018 no Acquired Company has received any written notice or, to the Knowledge of the Company, other communication from any Major Customer to the effect that such Major Customer likely will not continue as a customer of any of the Acquired Companies or to the effect that such Major Customer intends to terminate or materially modify any existing Contract with any of the Acquired Companies in any manner materially adverse to any Acquired Company, including by materially reducing the scale of the business conducted with, any of the Acquired Companies. To the Knowledge of the Company, the Acquired Companies have satisfied all material commitments, as and when such material commitments have been required to be satisfied, under each Contract with a Major Customer with respect to Company Products, including commitments relating to delivery schedules and product performance.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Lockheed Martin Corp), Agreement and Plan of Merger

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Major Customers and Suppliers. (a) Part 2.14(a2.11(a) of the Company Disclosure Schedule sets forth an accurate and complete list of each customer End Customer and each Supply Chain Customer who was one of the five 10 largest sources of revenues for the Acquired Companies for each Inphi Entities during (i) fiscal year 2019 or (ii) the first nine months of 2019 and calendar year 2020, based on amounts paid or payable as of the date of this Agreement during such period (each, a “Major Customer”). No Acquired Company Inphi Entity has any pending material dispute with any Major Customer. Since January 1, 2018 no Acquired Company has received any written notice or, to To the Knowledge of the Company, no Inphi Entity has received any written notice or other communication from any Major Customer to the effect that such Major Customer will likely will not continue as a customer of any of the Acquired Companies Inphi Entities or to the effect that such Major Customer intends to terminate or materially modify any existing Contract with any of the Acquired Companies in any manner materially adverse to any Acquired CompanyInphi Entities, including by materially reducing the scale of the business conducted with, any of the Acquired CompaniesInphi Entities. To the Knowledge of the Company, the Acquired Companies Inphi Entities have satisfied all material commitments, as and when such material commitments have been required to be satisfied, under each Contract with a Major Customer with respect to Company ProductsInphi Products that are currently under development, including commitments relating to delivery schedules and product performance.

Appears in 2 contracts

Samples: Agreement and Plan of Merger and Reorganization (Marvell Technology Group LTD), Agreement and Plan of Merger and Reorganization (INPHI Corp)

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