PREFERRED VENDOR/SUPPLIER STATUS Sample Clauses

PREFERRED VENDOR/SUPPLIER STATUS. For so long as Itochu directly or indirectly owns an interest in TWX at least equal to the Itochu Minimum Interest, Itochu Entertainment shall continue to be entitled to the benefits of the "Preferred Vendor/Supplier Status" provisions set forth in Section 5.8 of the TWE Partnership Agreement to the same extent as if Itochu Entertainment were a Partner; provided that for purposes of determining Itochu Entertainment's (or its Affiliate's) pro rata share of any supply arrangement (in the event more than one Partner (or Affiliate of a Partner) provides the relevant product or service) its Participating Percentage Share shall be deemed to equal 5.61% multiplied by the percentage of the Exchange Consideration then owned directly or indirectly by Itochu, whether in the form of Series G Preferred Stock or TWX Common Stock received upon conversion or exchange thereof (the "Itochu Participating Percentage Share"); and provided further, that for purposes of Section 5.8 of the TWE Partnership Agreement only, for so long as Itochu is entitled to any rights under such Section the Participating Percentage Share of the TW Partners (as defined in the TWE Partnership Agreement) shall be reduced by an amount equal to the Itochu Participating Percentage Share. In addition, TWX shall cause similar arrangements to be effectuated with respect to the music and publishing business of TWX. If and for so long as TWX controls any successor to the assets of TWE, TWX shall cause such successor to grant Itochu rights comparable to those provided by this Section 7.4(c), and if TWX shall not control any such successor then TWX shall use its reasonable best efforts to cause such successor to grant Itochu such rights.
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PREFERRED VENDOR/SUPPLIER STATUS. Each of the Company and Seagram agree that, for so long as the Applicable Percentage of Holding is 5% or more, to the extent any Permitted Transferee of Holding provides any hardware products (which, for the purposes of this Section 5.9, shall include any software, any components and any services incidental to the provision of such hardware products or components) or software products of a type not developed or produced by the Company or any of its Subsidiaries, in each case, of a type purchased by the Company or any of its Subsidiaries, at levels of price, quality, quantity and service that are competitive with the levels obtainable by the Company or any such Subsidiary in an arm's length transaction with a third party, each such Permitted Transferee of Holding shall be a preferred supplier of such hardware and software products to the Company and its Subsidiaries. To the fullest extent permitted by applicable law, the Company and Seagram agree that so long as the Applicable Percentage of Holding is 5% or more, with respect to any potential purchase or series of related purchases of hardware or software products in excess of $500,000 in the aggregate, (a) the Company will use commercially reasonable efforts to seek bids from Permitted Transferees and others to provide hardware or software products that may fall within the terms of the preceding sentence, (b) the bidding procedures will be structured in a manner that will give such Permitted Transferees a reasonable chance to compete and (c) if practical, Permitted Transferees designated by Holding will be given the first opportunity to submit bids to provide such hardware or software products and, if practical, the Company will accept each such bid unless it concludes in good faith that such bid does not represent the best available alternative (taking into account such factors as the Company may reasonably determine) when compared with a bid available in an arms' length transaction with a third party. This covenant is subject to all pre-existing agreements, fiduciary duties and obligations of Polygram N.V. and its Subsidiaries and the Company and its Subsidiaries and the Company shall not be required to breach any such agreements, fiduciary duties or obligations (or fiduciary duties arising hereafter) in order to comply with this provision.

Related to PREFERRED VENDOR/SUPPLIER STATUS

  • Major Suppliers Schedule 4.19.(b) contains a list of the ten (10) largest suppliers to each Seller for each of the two (2) most recent fiscal years (determined on the basis of the total dollar amount of purchases) showing the total dollar amount of purchases from each such supplier during each such year. Neither any Seller nor any Member has any knowledge or information of any facts indicating, nor any other reason to believe, that any of the suppliers listed on Schedule 4.19.(b) will not continue to be suppliers to the business of Sellers after the Closing and will not continue to supply the business with substantially the same quantity and quality of goods at competitive prices.

  • Major Customers and Suppliers 3.18.(a) Major Customers. Schedule 3.18.(a) contains a list of the twenty (20) largest customers of Company for each of the two (2) most recent fiscal years (determined on the basis of the total dollar amount of net sales) showing the total dollar amount of net sales to each such customer during each such year. Neither Company nor any Shareholder has any knowledge or information of any facts indicating, nor any other reason to believe, that any of the customers listed on Schedule 3.18.(a) will not continue to be customers of the business of Company after the Closing at substantially the same level of purchases as heretofore.

  • Customers; Suppliers Executive does not have, and at any time during the term of this Agreement shall not have, any employment with or any direct or indirect interest in (as owner, partner, shareholder, employee, director, officer, agent, consultant or otherwise) any customer of or supplier to Company.

  • Top Customers and Suppliers The Company has disclosed to the Purchaser the key customers of the Company (the “Top Customers”) and the key suppliers of goods or services to the Company (the “Top Suppliers”). The relationships of the Company with such suppliers and customers are good commercial working relationships and (i) no Top Supplier or Top Customer within the last twelve months has cancelled or otherwise terminated, or, to the Company’s Knowledge, intends to cancel or otherwise terminate, any relationships of such Person with the Company, (ii) no Top Supplier or Top Customer has during the last twelve months decreased materially or, to the Company’s Knowledge, threatened to stop, decrease or limit materially, or intends to modify materially its relationships with the Company or intends to stop, decrease or limit materially its products or services to the Company or its usage or purchase of the products or services of the Company, (iii) to the Company’s Knowledge, no Top Supplier or Top Customer intends to refuse to pay any amount due to the Company or seek to exercise any remedy against the Company, (iv) the Company has not since the Company Incorporation Date been engaged in any material dispute with any Top Supplier or Top Customer, and (v) to the Company’s Knowledge, the consummation of the transactions contemplated in this Agreement will not affect the relationship of the Company with any Top Supplier or Top Customer.

  • Customer Agreement In the event of a conflict between this Agreement and any other agreement between the Bank and the Grantor, the terms of this Agreement will prevail.

  • Non-Solicitation of Customers and Suppliers Each Subject Party agrees that, during the Restricted Period, such Subject Party will not, without the prior written consent of Parent (which may be withheld in its sole discretion), individually or on behalf of any other Person (other than, if applicable, a Covered Party in the performance of such Subject Party’s duties on behalf of the Covered Parties), directly or indirectly: (i) solicit, induce, encourage or otherwise cause (or attempt to do any of the foregoing) any Covered Customer (as defined below) to (A) cease being, or not become, a client or customer of any Covered Party with respect to the Business or (B) reduce the amount of business of such Covered Customer with any Covered Party, or otherwise alter such business relationship in a manner adverse to any Covered Party, in either case, with respect to or relating to the Business; (ii) interfere with or disrupt (or attempt to interfere with or disrupt) the contractual relationship between any Covered Party and any Covered Customer; (iii) divert any business with any Covered Customer relating to the Business from a Covered Party; (iv) solicit for business, provide services to, engage in or do business with, any Covered Customer for products or services that are part of the Business; or (v) interfere with or disrupt (or attempt to interfere with or disrupt), any Person that was a vendor, supplier, distributor, agent or other service provider of a Covered Party at the time of such interference or disruption, for a purpose competitive with a Covered Party as it relates to the Business. For purposes of this Agreement, a “Covered Customer” shall mean any Person who is or was an actual customer or client (or prospective customer or client with whom a Covered Party actively marketed or made or taken specific action to make a proposal) of a Covered Party, (A) if the relevant time of determination is before the Termination Date, as of such date of determination or during the one (1) year period preceding such date and, (B) if the relevant time of determination is after the Termination Date, as of the Termination Date or during the one (1) year period preceding the Termination Date.

  • Customers and Suppliers Except as set forth in the Disclosure Memorandum with specific reference to this Section, as of the date hereof, no customer which individually accounted for more than 1% of the gross revenues of the Company and all its Subsidiaries during the 12 month period preceding the date hereof, and no supplier of the Company and all its Subsidiaries, has canceled or otherwise terminated, or made any written threat to the Company or any Subsidiary to cancel or otherwise terminate, its relationship with the Company or any Subsidiary, or has at any time on or after July 3, 1998 decreased materially its services or supplies to the Company and all its Subsidiaries in the case of any such supplier, or its usage of the services or products of the Company and all its Subsidiaries in the case of any such customer, and to the knowledge of the Company no such supplier or customer intends to cancel or otherwise terminate its relationship with the Company or any Subsidiary or to decrease materially its services or supplies to the Company and all its Subsidiaries or its usage of the services or products of the Company and all its Subsidiaries, as the case may be. From and after the date hereof, no customer which individually accounted for more than 5% of the gross revenues of the Company and all its Subsidiaries during the 12 month period preceding the Closing Date, has canceled or otherwise terminated, or made any written threat to the Company to cancel or otherwise terminate, for any reason, including without limitation the consummation of the transactions contemplated hereby, its relationship with the Company and all Subsidiaries, and no such customer intends to cancel or otherwise terminate its relationship with the Company and all its Subsidiaries or to decrease materially its usage of the services or products of the Company and all its Subsidiaries. Neither the Company nor any Subsidiary has breached, so as to provide a benefit to the Company or any Subsidiary that was not intended by the parties, any agreement with, or engaged in any fraudulent conduct with respect to, any customer or supplier of the Company or any Subsidiary. The Disclosure Memorandum with specific reference to this Section, sets forth the dates of each audit conducted since January 1, 1995 by each material supplier of the Company and its Subsidiaries and summaries of the results of such audits.

  • Significant Customers and Suppliers No customer or supplier which was significant to the Company during the period covered by the Financial Statements or which has been significant to the Company thereafter, has terminated or breached, materially reduced or threatened to terminate, breach or materially reduce its purchases from or provision of products or services to the Company, as the case may be.

  • Supplier Selection If Customer selects a seat or galley supplier that is not on the Boeing recommended list, such seat or galley will become BFE and the provisions of Exhibit A, Buyer Furnished Equipment Provisions Document, of the AGTA will apply.

  • Substantial Customers and Suppliers (a) Section 3.27(a) of the Disclosure Schedule lists the twenty (20) largest customers of the Company on the basis of revenues on the basis of invoiced amount for the twelve (12) month period ending on the Balance Sheet Date.

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