Satisfactory Relationships Sample Clauses
The Satisfactory Relationships clause establishes that the continuation or effectiveness of an agreement is contingent upon the parties maintaining mutually acceptable relationships, often with third parties or stakeholders relevant to the contract. In practice, this clause may require that relationships with suppliers, customers, or regulatory bodies remain in good standing, and if these relationships deteriorate or become unsatisfactory, it could trigger a right to terminate or renegotiate the agreement. Its core function is to protect parties from being bound to a contract when essential external relationships become problematic, thereby managing risk and ensuring the agreement remains viable under changing circumstances.
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Satisfactory Relationships. Seller’s and the Company’s relationships with customers, vendors, suppliers, employees, governmental authorities, and others with whom Seller and the Company have dealings with regard to the Business are satisfactory and have not, when taken as a whole, suffered any material adverse deterioration since February 1, 2008. Seller and the Company each have no knowledge of any proposed or contemplated termination or other changes in such satisfactory relationships other than project completions in the ordinary course of business. Seller and the Company are not required, in the ordinary course of business, to provide any bonding or any other financial security arrangements in connection with any transactions with any customers or suppliers. There are no sole source suppliers of goods, equipment or services (other than the services of its employees) used by Seller and the Company (other than public utilities) with respect to which practical alternative sources of supply are unavailable.
Satisfactory Relationships. Xtal's relationships with customers, vendors, suppliers, employees, governmental authorities, health care organizations and others with whom Xtal has dealings are satisfactory and have not suffered any adverse deterioration or threatened adverse deterioration since December 31, 2000. Neither Xtal nor Algar have knowledge of any proposed or contemplated termination or other changes in such satisfactory relationships. Xtal is not required, in the ordinary course of business, to provide any bonding or any other financial security arrangements in connection with any transactions with any customers or suppliers.
Satisfactory Relationships. Since June 30, 2010, Owners have received no notice from any material customers or material suppliers that any such parties have proposed or threatened to terminate or significantly curtail their historic activity levels with Owners. Owners are not required, in the ordinary course of its business, to provide any surety bonding nor any other financial security arrangements in connection with any transactions with any customers or suppliers.
Satisfactory Relationships. Seller’s relationships with customers, vendors, suppliers, employees, governmental authorities, and others with whom Seller has dealings with regard to the business of the Divisions have been reasonably satisfactory to Seller (except for ordinary course exceptions) and have not suffered any material adverse deterioration since June 4th, 2012 Seller has no knowledge of any proposed or contemplated termination or other changes in such relationships (provided Seller makes no representations as to the impact of the consummation of the transactions contemplated hereby on any such relationship).
Satisfactory Relationships. The Company and its Affiliates’ relationships with customers, vendors, suppliers, employees, governmental authorities, health care organizations and others with whom the Company or its Affiliates has dealings are satisfactory and have not suffered any adverse deterioration since September 30th, 2007. To the best of each Seller’s knowledge, there is no proposed or contemplated termination or other changes in such satisfactory relationships. The Company or its Affiliates is not required, in the ordinary course of its business, to provide any bonding or any other financial security arrangements in connection with any transactions with any customers or suppliers.
Satisfactory Relationships. Seller's and the Company's relationships with customers, vendors, suppliers, employees, governmental authorities, health care organizations and others with whom Seller or the Company have dealings with regard to the Business are satisfactory and have not suffered any adverse deterioration since December 31, 2001. Seller and the Company each have no knowledge of any proposed or contemplated termination or other changes in such satisfactory relationships. Seller and the Company are not required, in the ordinary course of business, to provide any bonding or any other financial security arrangements in connection with any transactions with any customers or suppliers. There are no sole source suppliers of goods, equipment or services used by Seller or the Company (other than public utilities) with respect to which practical alternative sources of supply are unavailable.