Examples of Preferred Bidder Status in a sentence
None of the Acquired Companies have any contract (including any Company Contract) or arrangement with any customer that either requires the continuation of ownership of any Acquired Company (or any interest therein) by a Person having Preferred Bidder Status or permits termination by the customer due to any Acquired Company’s loss of any Preferred Bidder Status.
None of the Company Contracts will require any Acquired Company after the Closing to qualify for any Preferred Bidder Status as a condition of maintaining any Company Contract.
No Acquired Company has received any written (or, to the Knowledge of the Partners, oral) notification that any customer (including any Governmental Entity), prime contractor or higher-tier subcontractor will terminate, materially decrease the rate of purchasing under, or decline to exercise options under any Company Contract, as the result of any loss of any Preferred Bidder Status.