Common use of Substantial Customers and Suppliers Clause in Contracts

Substantial Customers and Suppliers. SECTION 4.19 of the Disclosure Schedule lists the 5 largest customers or clients of the Company on the basis of revenues for goods sold or services provided in the fiscal year ended 1997 and the 10 largest customers or clients in the fiscal year ended 1998. SECTION 4.19 of the Disclosure Schedule lists the 10 largest suppliers of the Company on the basis of cost of goods or services purchased in the fiscal years ended 1996, 1997 and 1998. For each such customer or supplier set forth on such Schedule, a copy of such supplier or customer contract, agreement or understanding with the Company or Seller has been delivered to Buyer prior to execution of this Agreement. No such customer, client or supplier has ceased or materially reduced its purchases from or sales or provision of services to the Company since December 31, 1998, or to the knowledge of the Company or Seller, has threatened to cease or materially reduce such purchases or sales or provision of services after the date of this Agreement. Except for deposits or other non-material amounts paid in the ordinary course of business consistent with past practice, the Company has not accepted any prepayment of any sales price or fee or license fee from any client or customer that relates to products not yet delivered or services not yet performed by Seller.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Intertape Polymer Group Inc), Stock Purchase Agreement (Spinnaker Industries Inc)

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Substantial Customers and Suppliers. SECTION 4.19 3.20 of the Seller Disclosure Schedule lists the 5 largest customers or clients of the Company Seller on the basis of revenues for goods sold or services provided in the fiscal year ended 1997 and the 10 largest customers or clients in the fiscal year ended 1998. SECTION 4.19 3.20 of the Seller Disclosure Schedule lists the 10 largest suppliers of the Company Seller on the basis of cost of goods or services purchased in the fiscal years ended 1996, 1997 and 1998. For each such customer or supplier set forth on in such Schedule, a copy of such supplier or customer contract, agreement or understanding with the Company Seller or Seller Parent has been delivered to Buyer prior to execution of this Agreement. No such customer, client or supplier has ceased or materially reduced its purchases from or sales or provision of services to the Company Seller since December 31, 1998, or to the knowledge of the Company Seller or SellerParent, has threatened to cease or materially reduce such purchases or sales or provision of services after the date of this Agreement. Except for deposits or other non-material nonmaterial amounts paid in the ordinary course of business consistent with past practice, the Company Seller has not accepted any prepayment of any sales price or fee or license fee from any client or customer that relates to products not yet delivered or services not yet performed by Seller.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Spinnaker Industries Inc), Asset Purchase Agreement (Intertape Polymer Group Inc)

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