Material Vendor definition

Material Vendor has the meaning set forth in Section 3.21.

Material Vendor means each vendor to which the Business paid more than $250,000 in the aggregate in the most recent fiscal year of Seller.

Material Vendor shall have the meaning set forth in Section 2.21.

Examples of Material Vendor in a sentence

• If OST notifies Vendor in writing of a Claim against an Indemnified Party, including, without limitation, any Claim based on Vendor’s disclosure of or failure to safeguard any personal financial or other Confidential Material, Vendor will defend such Claim at Vendor’s expense if so requested by OST, in OST’s sole discretion.

• Any Member that withdraws or is removed by the Membership Board or is no longer a Member during a calendar year shall pre-pay all amounts owed by such Member under any Material Vendor Contract that requires the acceleration or prepayment of sums owed in the event of a Member’s withdrawal.

• If such Member withdraws after the Annual Budget Determination Date, such Member shall (i) be responsible for the costs and expenses allocated to such Member pursuant to Section7.2.2 for the year in which such Member withdraws and the following year for which the Annual Budget has already been determined, and (ii) pre-pay all amounts owed by such Member under any Material Vendor Contract that requires the acceleration or prepayment of sums owed in the event of a Member’s withdrawal.

• If, after the actual signing of this Agreement, the Owner refuses to accept any person or organization on the Subcontractor and Material Vendor List for good and substantial reason, the Contractor shall submit an acceptable substitute and the Contract Amount shall be increased or decreased by the difference in cost occasioned by such substitution and an appropriate Change Order shall be issued.

• The awarded Material Vendor is responsible for all laboratory or other appropriate agency for analysis and testing as to whether the product conforms in all respects to the Specifications.

More Definitions of Material Vendor

Material Vendor means Nokia, Motorola, or any other trade creditor of any Borrower that supplies 35% or more of the annual product needs of the Borrowers, taken as a whole.

Material Vendor shall have the meaning given to such term in Section 3.15(b).

Material Vendor means each of (i) Bayards USA LLC, (ii) Global Fabrication Services, Inc., (iii) Oil States Skagit Smatco, LLC, (iv) Hydraquip Custom Systems, Inc and (v) Robichaux Automation and Control, Incorporated;

Material Vendor means each vendor to which the Business paid more than $500,000 in the aggregate in the most recent fiscal year of Seller.

Material Vendor has the meaning given in Section 2.9(b).

Material Vendor has the meaning specified in Section 4.24(b).

Material Vendor means a vendor of the Company and its Subsidiaries that purchased in excess of US$20,000,000 for the twelve- month period ended September 30, 2022.