Common use of Material Commercial Arrangements Clause in Contracts

Material Commercial Arrangements. Section 3.27 of the Company Disclosure Letter sets forth a list of the Company’s and its Subsidiaries’ top ten largest “strategic partners” or “funding advisors,” as each such term is described in the Company SEC Reports (in each case, determined on the basis of the aggregate loan volume sold or generated pursuant to or as a result of such Contracts during each of (x) the twelve-month period ending December 31, 2019 and (y) the six month period ending June 30, 2020). Except for such failures of the following to be true as would not be reasonably expected to be, individually or in the aggregate, material to the Company and its Subsidiaries taken as a whole, neither the Company nor any of its Subsidiaries has received any written (or, to the Company’s Knowledge, oral) notice from any party set forth in Section 3.27 of the Company Disclosure Letter that any such party intends to cancel, terminate or otherwise adversely modify in any material respect (through a reduction in business or otherwise) its relationship with the Company or its Subsidiaries from the manner in which such relationship has been conducted during the twelve (12) months prior to the date hereof.

Appears in 4 contracts

Samples: Merger Agreement (Enova International, Inc.), Merger Agreement (Enova International, Inc.), Merger Agreement (Enova International, Inc.)

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