Material Customer Clause Samples
The 'Material Customer' clause defines what constitutes a significant or important customer for the purposes of the agreement. Typically, this clause sets specific thresholds, such as revenue percentage or transaction volume, to identify which customers are considered material. For example, a customer generating more than a certain percentage of the company's annual revenue may be classified as a material customer. The core function of this clause is to clearly identify key business relationships that may impact the agreement, ensuring that both parties understand which customers are subject to special terms, disclosures, or obligations.
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Material Customer. No material customer of Seller or Subsidiary shall have ceased to do business or shall have substantially reduced its business relationship with Seller or Subsidiary and Seller and Subsidiary shall not have received any notice to such effect.
Material Customer. 24 Page i-DEFINED TERMS
Material Customer. The Company shall have not lost any Material Customer during the twelve months ending on the last day of the fiscal quarter ending immediately prior to the Closing Date. For purposes of this Agreement, a “Material Customer” shall mean a customer of the Company or any Subsidiary which accounted for 4% or more of the Company’s revenues on a consolidated basis during the twelve months ended on the last full fiscal quarter immediately preceding the Closing Date.
Material Customer. Section 3.22
Material Customer. “Material Customer” shall mean the 10 largest customers of the Seller and the Subsidiaries based on each of the consolidated revenues of the Seller and the Subsidiaries for the fiscal year ended December 31, 2015 and the expected revenues for the fiscal year ended December 31, 2016.