Common use of Significant Business Partners Clause in Contracts

Significant Business Partners. Schedule 5.19 sets forth a list of any vendor, service provider, supplier, customer, client or other commercial partner who generated annual revenue in excess of $250,000 for the account of or for the benefit of the Business for the fiscal year ended December 31, 2016, or to whom the Business made aggregate payments in excess of $250,000 annually for such period (collectively, the “Significant Business Partners”). Except as set forth on Schedule 5.19, since January 1, 2017, none of the Significant Business Partners has canceled, suspended or otherwise terminated, or has threatened in writing (or, to the Knowledge of Seller, orally) to cancel or notified any Seller Party in writing (or, to the Knowledge of Seller, orally) that it intends to, cancel, suspend or otherwise terminate the relationship of such Person with a Seller Party (to the extent related to the Business) or to materially reduce its business or materially and adversely change the terms upon which it pays for or provides products or services to the Business or is entitled to receive, or has received or claimed, any material credit, offset or payment under its contract with a Seller Party (to the extent related to the Business). No Seller Party has been notified in writing (or, to the Knowledge of Seller, orally) by any Significant Business Partner that, as a result of the consummation of the transactions contemplated by this Agreement, such Significant Business Partner will, in each case to the extent related to the Business, cancel, suspend or terminate its relationship with the Business, materially reduce its business with the Business, or materially and adversely change the terms upon which it pays for products or services from the Business.

Appears in 3 contracts

Sources: Asset Purchase Agreement, Asset Purchase Agreement (Allscripts Healthcare Solutions, Inc.), Asset Purchase Agreement (NantHealth, Inc.)