Common use of Backlog Clause in Contracts

Backlog. The Company has a backlog of purchase orders for the sale of its products and services as set forth in Section 2.28 of the Disclosure Schedule. None of such orders has been cancelled or materially reduced, and each of such orders on backlog is at a price and on terms (including margin) consistent with the Company's past practices and the ordinary course of business.

Appears in 2 contracts

Sources: Stock Purchase Agreement (Eagle Test Systems, Inc.), Stock Purchase Agreement (Eagle Test Systems, Inc.)

Backlog. The Company has and its Subsidiaries have a backlog of purchase firm orders for the sale of its their products and services as set forth in Section 2.28 of the Disclosure ScheduleSchedule 4.26. None of such orders has been cancelled or materially reduced, and each of such orders on backlog is at a price and on terms (including margin) consistent with the Company's past practices and the ordinary course of business.

Appears in 1 contract

Sources: Merger Agreement (Cognex Corp)

Backlog. The Company has and its Subsidiaries have a backlog of purchase firm orders for the sale of its products and services as set forth in Section 2.28 of the Disclosure Schedule. None of such orders has been cancelled or materially reduced, and each of such orders on backlog is at a price and on terms (including margin) consistent with the Company's ’s or any of its Subsidiaries’ past practices and the ordinary course of business.

Appears in 1 contract

Sources: Share Purchase and Redemption Agreement (Alma Lasers Ltd.)