Common use of Major Customers and Suppliers Clause in Contracts

Major Customers and Suppliers. (a) Schedule 3.21(a) sets forth an accurate and complete list of each current or former customer of any Group Company which generated in the aggregate more than $2,000,000 in collections and accounts receivable since January 1, 2019 (the “Major Customers”), together with the amount of such collections and accounts receivable generated by each Major Customer during such period. (b) Schedule 3.21(b) sets forth an accurate and complete list of each current or former supplier of goods or services to any Group Company collectively paid in the aggregate more than $500,000 since January 1, 2019 or that is a sole source supplier of any Group Company (collectively, the “Major Suppliers”), together with the amount paid to each Major Supplier during such period. (c) Since January 1, 2019, no Major Customer or Major Supplier has terminated its relationship with any Group Company or materially reduced or changed pricing terms in a manner that would be material to any Group Company. No Group Company is engaged in any material dispute with any Major Customer or Major Supplier and, to the Knowledge of the Company, no Major Customer or Major Supplier intends to (i) terminate, limit or reduce its business relations with any Group Company or (ii) materially reduce or change the pricing or other terms of its business with any Group Company.

Appears in 2 contracts

Sources: Purchase Agreement (Basic Energy Services, Inc.), Purchase Agreement (Ascribe Capital LLC)

Major Customers and Suppliers. (a) Schedule 3.21(a) sets forth an accurate and complete list of each current or former customer of any Group Company which generated in the aggregate more than $2,000,000 1,000,000 in collections and accounts receivable since January July 1, 2019 2020 (the “Major Customers”), together with the amount of such collections and accounts receivable generated by each Major Customer during such period. (b) Schedule 3.21(b) sets forth an accurate and complete list of each current or former supplier of goods or services to any Group Company collectively paid in the aggregate more than $500,000 250,000 since January July 1, 2019 2020 or that is a sole source supplier of any Group Company (collectively, the “Major Suppliers”), together with the amount paid to each Major Supplier during such period. (c) Since January 1, 20192021, no Major Customer or Major Supplier has terminated its relationship with any Group Company or materially reduced or changed pricing terms in a manner that would be material to any Group Company. No Group Company is engaged in any material dispute with any Major Customer or Major Supplier and, to the Knowledge of the CompanySeller, no Major Customer or Major Supplier intends to (i) terminate, limit or reduce its business relations with any Group Company or (ii) materially reduce or change the pricing or other terms of its business with any Group Company.

Appears in 1 contract

Sources: Purchase Agreement (Nextier Oilfield Solutions Inc.)