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.
Appears in 3 contracts
Samples: Stock Purchase Agreement, Stock Purchase Agreement (Utek Corp), Stock Purchase Agreement (Utek Corp)
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 1September 2, 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.
Appears in 1 contract
Samples: Stock Exchange Agreement (Utek Corp)