Common use of Business Relations Clause in Contracts

Business Relations. SCHEDULE 4.20 contains an accurate list of all customers of the Company representing five percent (5%) or more of the Company's revenues for the twelve (12) months ended August 31, 1996 and the three (3) months ended November 30, 1996. Except as set forth on SCHEDULE 4.20, since August 31, 1995, none of the Company's significant customers has canceled or substantially reduced its purchases from the Company, nor are any of such customers threatening to do so. Except as set forth on SCHEDULE 4.20, since August 31, 1995, the Company has not experienced any difficulties in obtaining any inventory items necessary to the operation of its business, and, to the knowledge of the Company and the Stockholders, no such shortage of supply of inventory items is threatened or pending. To the knowledge of the Company and the Stockholders, no customer or supplier of the Company will cease to do business with, or substantially reduce its purchases from, the Company after the consummation of the transactions contemplated hereby, which cessation or reduction would reasonably be expected to have a Company Material Adverse Effect. The Company is not required to provide any bonding or other financial security arrangements in any material amount in connection with any transactions with any of its customers or suppliers.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization and Merger (Palex Inc), Agreement and Plan of Reorganization and Merger (Palex Inc)

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Business Relations. SCHEDULE 4.20 contains an accurate list of all customers of the Company representing five percent (5%) or more of the Company's revenues for the twelve (12) months ended August 31, 1996 and the three (3) months ended November 30, 1996. Except as set forth on SCHEDULE 4.20, since August 31, 1995, none of the Company's significant customers has canceled or substantially reduced its purchases from the Company, nor are any of such customers threatening to do so. Except as set forth on SCHEDULE 4.20, since August 31, 1995, the Company has not experienced any difficulties in obtaining any inventory items necessary to the operation of its business, and, to the knowledge of the Company and the StockholdersStockholder, no such shortage of supply of inventory items is threatened or pending. To the knowledge of the Company and the StockholdersStockholder, no customer or supplier of the Company will cease to do business with, or substantially reduce its purchases from, the Company after the consummation of the transactions contemplated hereby, which cessation or reduction would reasonably be expected to have a Company Material Adverse Effect. The Company is not required to provide any bonding or other financial security arrangements in any material amount in connection with any transactions with any of its customers or suppliers.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization and Merger (Palex Inc), Agreement and Plan of Reorganization and Merger (Palex Inc)

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Business Relations. SCHEDULE 4.20 contains an accurate list of all customers of the Company representing five percent (5%) or more of the Company's revenues for the twelve (12) months ended August 31July 28, 1996 and the three (3) months ended November 30October 27, 1996. Except as set forth on SCHEDULE 4.20, since August 31July 30, 1995, none of the Company's significant customers has canceled or substantially reduced its purchases from the Company, nor are any of such customers threatening to do so. Except as set forth on SCHEDULE 4.20, since August 31July 30, 1995, the Company has not experienced any difficulties in obtaining any inventory items necessary to the operation of its business, and, to the knowledge of the Company and the Stockholders, no such shortage of supply of inventory items is threatened or pending. To the knowledge of the Company and the Stockholders, no customer or supplier of the Company will cease to do business with, or substantially reduce its purchases from, the Company after the consummation of the transactions contemplated hereby, which cessation or reduction would reasonably be expected to have a Company Material Adverse Effect. The Company is not required to provide any bonding or other financial security arrangements in any material amount in connection with any transactions with any of its customers or suppliers.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization and Merger (Palex Inc), Agreement and Plan of Reorganization and Merger (Palex Inc)

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