Common use of Suppliers and Customers Clause in Contracts

Suppliers and Customers. SCHEDULE 3.20 sets forth the Company's ten (10) largest suppliers for calendar year 1998 (excluding utility service providers, capital equipment lessors, and capital lease and equipment providers) and ten (10) largest customers for calendar years 1997 and 1998, including the following information: (i) the revenues received from such customers or amounts paid to such suppliers during such years, and (ii) the identity of such customers or suppliers (except where the Company is prohibited from disclosing the identity of such customers by contract with such customer). The relationships of the Company with such suppliers and customers are good commercial working relationships and, except as set forth on SCHEDULE 3.20, the Shareholders are not aware, and have no reason to believe, that any supplier or customer of material importance to the Company has canceled or otherwise terminated, or threatened to cancel or otherwise to terminate, its relationship with the Company or has during the last twelve (12) months decreased materially, or threatened to decrease or limit materially, its services, supplies or materials for use by the Company or its usage or purchase of the services or products of the Company except for normal cyclical changes related to customers' businesses. None of the Shareholders has any knowledge that any such supplier or customer intends to cancel or otherwise substantially modify its relationship with the Company or to decrease materially or limit such customer's services, supplies or materials to the Company, or such customer's usage or purchase of the Company's services or products, and, to the Shareholders' knowledge, the consummation of the transactions contemplated hereby will not adversely affect the relationship of PHI with any such supplier or customer.

Appears in 2 contracts

Samples: Stock Purchase Agreement (High Voltage Engineering Corp), Stock Purchase Agreement (High Voltage Engineering Corp)

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Suppliers and Customers. SCHEDULE 3.20 5.18 hereto sets forth the Company's ten (10) largest suppliers for calendar year 1998 (excluding utility service providers, capital equipment lessors, and capital lease and equipment providers) and ten (10) largest customers of the VECTRA Waste Business for calendar years 1997 and 1998the ten months ended October 31, including the following information: (i) the revenues received from such customers or amounts paid to such suppliers during such years, and (ii) the identity of such customers or suppliers (except where the Company is prohibited from disclosing the identity of such customers by contract with such customer)1996. The relationships of the Company Seller with such suppliers and customers are good commercial working relationships and, except as set forth on SCHEDULE 3.205.18, the Shareholders are not aware, and have no reason to believe, that any supplier or customer of material importance to the Company VECTRA Waste Business has canceled or otherwise terminated, or threatened to cancel or otherwise to terminate, its relationship with any of the Company Seller, VWS or VSI or has during the last twelve (12) months decreased materially, or threatened to decrease or limit materially, its services, supplies or materials for use by in the Company VECTRA Waste Business or its usage or purchase of the services or products of any of the Company Seller, VWS or VSI except for normal cyclical changes related to customers' businessesbusinesses and late payments by the Seller to suppliers. None of the Shareholders The Seller has any no knowledge that any such supplier or customer intends to cancel or otherwise substantially modify its relationship with the Company Seller or to decrease materially or limit such customer's its services, supplies or materials to the CompanySeller, or such customer's its usage or purchase of the CompanySeller's services or products, and, and to the Shareholders' knowledgeknowledge of the Seller, the consummation communication of the transactions contemplated hereby will not adversely affect the relationship of PHI the Buyer with any such supplier or customercustomer in its continuation of the VECTRA Waste Business.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Molten Metal Technology Inc /De/), Asset Purchase Agreement (Vectra Technologies Inc)

Suppliers and Customers. SCHEDULE 3.20 sets forth the Company's ten (10Schedule 5(q) largest suppliers for calendar year 1998 (excluding utility service providers, capital equipment lessors, is a complete and capital lease and equipment providers) and ten (10) largest customers for calendar years 1997 and 1998, including the following information: (i) the revenues received from such customers or amounts paid to such suppliers during such years, and (ii) the identity of such customers or suppliers (except where the Company is prohibited from disclosing the identity of such customers by contract with such customer). The relationships accurate list of the Company with such names of all suppliers and customers are good commercial working relationships andof the Corporation and the LLC which respectively contribute more than 5% of all sales and services to, and orders and use of services from, the Corporation and the LLC ("Suppliers" and "Customers", respectively). To the knowledge of the Holders, except as set forth on SCHEDULE 3.20Schedule 5(q), (A) the Shareholders relationships of each of the Corporation and the LLC with their Suppliers and Customers are not aware, good commercial working relationships and have no reason to believe, that any supplier Supplier or customer Customer of material importance to the Company Corporation or the LLC has canceled or otherwise terminated, or threatened to cancel or otherwise to terminate, its relationship with the Company Corporation or the LLC, or has during the last twelve (12) months decreased materially, or threatened to decrease or limit materially, its servicesbusiness with the Corporation or the LLC, (B) no interruptions or shortages in the supply of raw materials and other key supplies are threatened or materials for use anticipated, and (C) no new products have been developed by others that are being evaluated by the Company Companies' customers, nor are new alternative products or its usage uses being contemplated by the Companies' customers, that would result in a material loss of business to the Companies, render the Companies' products obsolete or purchase otherwise place the Companies' products at a competitive disadvantage. Holders have no knowledge, or specific reason to believe that the acquisition of the services or products of the Company except for normal cyclical changes related to customers' businesses. None of the Shareholders has any knowledge that any such supplier or customer intends to cancel or otherwise substantially modify its relationship with the Company or to decrease materially or limit such customer's services, supplies or materials to the CompanyShares and Membership Interests by Buyer in particular, or such customer's usage or purchase of the Company's services or productsby any other entity in general, and, to the Shareholders' knowledge, the consummation of the transactions contemplated hereby will not adversely affect the relationship of PHI the Corporation or the LLC with any such supplier Supplier or Customer but excluding any adverse effect arising out of actual or potential prior evaluations by any such Supplier or Customer of the Buyer unrelated to this transaction. Since October 1, 1997, sales by Companies to Globe have been approximately 600,000 pounds of product, the majority of which occurred since April 1, 1998 and Holders have no specific reason to believe that Globe will disqualify the Companies as continuing suppliers to such customer.

Appears in 1 contract

Samples: Capital Stock and Membership Interest Purchase Agreement (Sybron Chemicals Inc)

Suppliers and Customers. SCHEDULE 3.20 Schedule 4.22 of the Disclosure Schedules sets forth the Company's ten (10) largest suppliers for calendar year 1998 (excluding utility service providers, capital equipment lessorsof the Business based on purchases by the Business, and capital lease and equipment providers) and the ten (10) largest customers of the Business based on sales by the Business, for calendar years 1997 the year ended on December 31, 2006 and 1998the nine (9) month period ending on September 30, including the following information: (i) the revenues received from such customers or amounts paid to such suppliers during such years, and (ii) the identity of such customers or suppliers (except where the Company is prohibited from disclosing the identity of such customers by contract with such customer)2007. The relationships of the Company Seller with such suppliers and customers are good commercial working relationships and, except as set forth on SCHEDULE 3.20Schedule 4.22 of the Disclosure Schedules, the Shareholders are not aware, and have no reason to believe, that any supplier or customer of material importance to the Company Business has canceled cancelled or otherwise terminated, or threatened notified the Seller of its intent to cancel or otherwise to terminate, its relationship with the Company Seller or has during the last twelve (12) months decreased materially, or threatened in writing to decrease or limit materially, its services, supplies or materials for use by in the Company Business or its usage or purchase of the services or products of the Company Seller, except for normal cyclical changes related to such suppliers’ or customers' businesses. None To the knowledge of Seller, as of the Shareholders has any knowledge that any date hereof, no such supplier or customer intends to cancel or otherwise substantially modify its relationship with the Company Seller or to decrease materially or limit such customer's its services, supplies or materials to the CompanySeller, or such customer's its usage or purchase of the Company's Seller’s services or products, and, and to the Shareholders' knowledgeknowledge of the Seller, the consummation of the transactions contemplated hereby will not adversely affect the Seller’s relationship of PHI with any such supplier or customer, or the ability of the Buyer to conduct business with any such supplier or customer after Closing in substantially the same manner and on substantially the same terms as the Seller currently enjoys.

Appears in 1 contract

Samples: Asset Purchase Agreement (Ion Networks Inc)

Suppliers and Customers. SCHEDULE 3.20 Schedule 6.22 hereto sets forth the Company's ten (10) largest suppliers for calendar year 1998 (excluding utility service providers, capital equipment lessors, and capital lease and equipment providers) and ten (10) largest customers of the Business as of the date hereof, based on the dollar amount of purchase and sales for calendar years 1997 and 1998the twelve (12) month period ended on December 31, including 2012. To Sellers’ Knowledge, the following information: (i) the revenues received from such customers or amounts paid to such suppliers during such years, and (ii) the identity of such customers or suppliers (except where the Company is prohibited from disclosing the identity of such customers by contract with such customer). The relationships of the Company with such suppliers and customers are good commercial working relationships and, except as set forth on SCHEDULE 3.20, the Shareholders Schedule 6.22 hereto which also lists all customers and suppliers that are not aware, and have no reason to believe, that any supplier or customer of material importance to the Company Business, no supplier or customer listed on Schedule 6.22 has canceled cancelled or otherwise terminated, or threatened to cancel or otherwise to terminate, its relationship with the Company or has during the last twelve (12) months decreased materially, or threatened to decrease or limit materially, its services, supplies or materials for use by in the Company Business or its usage or purchase of the services or products of the Company Company, except for normal cyclical changes related to customers' businesses. None of the Shareholders has any knowledge that any such To Sellers’ Knowledge, no supplier or customer intends intends, whether as a result of the transactions contemplated hereby or otherwise, to cancel or otherwise substantially modify its relationship with the Company or to decrease materially or limit such customer's its services, supplies or materials to the Company, or such customer's its usage or purchase of any of the Company's ’s services or products, and, and to the Shareholders' knowledgeSellers’ Knowledge, the consummation of the transactions contemplated hereby will not adversely affect the relationship of PHI the Purchaser with any such supplier or customer. Except as disclosed on Schedule 6.22, the Company has not conducted any product recall, or taken any other similar action (whether voluntary or required by law), with respect to any of the Products.

Appears in 1 contract

Samples: Asset Purchase Agreement (ORBCOMM Inc.)

Suppliers and Customers. SCHEDULE 3.20 sets forth Section 6.24(a) of the Company's ten Company Disclosure Schedule lists the fifteen (1015) largest suppliers for of the Company during the twelve calendar year 1998 month period immediately preceding the date of this Agreement. Except as set forth in Section 6.24 (excluding utility service providers, capital equipment lessors, and capital lease and equipment providersa) and ten (10b) largest customers for calendar years 1997 and 1998, including the following information: (i) the revenues received from such customers or amounts paid to such suppliers during such years, and (ii) the identity of such customers or suppliers (except where the Company is prohibited from disclosing Disclosure Schedule, the identity of such customers by contract with such customer). The relationships of the Company with such its suppliers and customers (as a whole) are good commercial working relationships and, except as set forth on SCHEDULE 3.20, the Shareholders are not awarerelationships, and have no reason to believe, that any supplier or customer of material importance to the Company or material number of Company customers has canceled or otherwise terminated, or threatened in writing to cancel or otherwise to terminate, its relationship with the Company or has during the last such twelve (12) months decreased materially, or threatened in writing to decrease or limit materially, its services, supplies supplies, or materials for use by to the Company or its usage or purchase of the services or products of the Company Company, except for normal cyclical changes related to customers' businessesbusinesses and changes in their business needs. None Except as set forth in Section 6.24 (a) and (b) of the Shareholders Company Disclosure Schedule, the Company has any no knowledge that any such supplier or customer any of the customers listed in Section 6.24(b) of the Company Disclosure Schedule intends to cancel or otherwise substantially modify its relationship with the Company or to decrease materially or limit such customer's its services, supplies supplies, or materials to the Company, or such customer's its usage or purchase of the Company's services or products, andexcept for normal cyclical changes related to customers' or suppliers' businesses, to the Shareholders' knowledge, and the consummation of the transactions contemplated hereby will not not, to the Company's knowledge, adversely affect the relationship of PHI the Company with any such supplier or customercustomers.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Ibasis Inc)

Suppliers and Customers. SCHEDULE 3.20 Schedule 4.21 hereto sets forth the Company's ten (10) largest suppliers for calendar year 1998 (excluding utility service providers, capital equipment lessors, and capital lease and equipment providers) and ten (10) largest customers of the Companies, taken together, for the twelve (12) month period 18 -18- ending on the last calendar years 1997 and 1998, including month end preceding the following information: (i) the revenues received from such customers or amounts paid to such suppliers during such years, and (ii) the identity of such customers or suppliers (except where the Company is prohibited from disclosing the identity of such customers by contract with such customer)date hereof. The relationships of the Company Companies with such suppliers and customers are good commercial working relationships and, except as set forth on SCHEDULE 3.20Schedule 4.21, the Shareholders are not aware, and have no reason to believe, that any supplier or customer of material importance to any of the Company Companies has canceled or otherwise terminated, or threatened to cancel or otherwise to terminate, its relationship with any of the Company Companies or has during the last twelve (12) months decreased materially, or threatened to decrease or limit materially, its services, supplies or materials for use by any of the Company Companies or its usage or purchase of the services or products of any of the Company Companies except for normal cyclical changes related to customers' businesses. None of the Shareholders Sellers has any knowledge that any such supplier or customer intends to cancel or otherwise substantially modify its relationship with any of the Company Companies or to decrease materially or limit such customer's its services, supplies or materials to any of the CompanyCompanies, or such customer's its usage or purchase of any of the Company's services or productsproducts of any of the Companies, and, and to the Shareholders' knowledgeknowledge of the Sellers, the consummation communication of the transactions contemplated hereby will not adversely affect the relationship of PHI the Buyer with any such supplier or customer.

Appears in 1 contract

Samples: Stock Purchase Agreement (H R Window Supply Inc)

Suppliers and Customers. SCHEDULE 3.20 Schedule 5.16 hereto sets forth the Company's ten (10) largest suppliers for calendar year 1998 (excluding utility service providers, capital equipment lessorsof the Business based on purchases by the Business, and capital lease and equipment providers) and the ten (10) largest customers of the Business based on sales by the Business, for calendar years 1997 and 1998the period ending on December 31, including the following information: (i) the revenues received from such customers or amounts paid to such suppliers during such years, and (ii) the identity of such customers or suppliers (except where the Company is prohibited from disclosing the identity of such customers by contract with such customer)2005. The relationships of the Company Sellers with such suppliers and customers are are, to Sellers’ knowledge, good commercial working relationships and, except as set forth on SCHEDULE 3.20Schedule 5.16, the Shareholders are not aware, and have no reason to believe, that any supplier or customer of material importance to the Company Business has canceled cancelled or otherwise terminated, or threatened in writing to cancel or otherwise to terminate, its relationship with the Company Sellers or has during the last twelve (12) months decreased materially, or threatened in writing to decrease or limit materially, its services, supplies or materials for use by in the Company Business or its usage or purchase of the services or products of the Company Sellers, except for normal cyclical changes related to such suppliers’ or customers' businesses. None of the Shareholders Except as set forth on Schedule 5.16, no Seller has any knowledge that any such supplier or customer intends to cancel or otherwise substantially modify its relationship with the Company Sellers or to decrease materially or limit such customer's its services, supplies or materials to the CompanySellers, or such customer's its usage or purchase of the Company's Sellers’ services or products, and, and to the Shareholders' knowledgeknowledge of the Sellers, the consummation of the transactions contemplated hereby will not adversely affect the relationship of PHI with any such supplier or customer.hereby

Appears in 1 contract

Samples: Asset Purchase Agreement (Eden Bioscience Corp)

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Suppliers and Customers. SCHEDULE 3.20 Schedule 4.21 sets forth the Company's ten (10) --------- --- --------- -------- ---- largest suppliers for calendar year 1998 (excluding utility service providers, capital equipment lessors, and capital lease and equipment providers) and ten (10) largest customers of each of the Companies for calendar years 1997 and 1998, including fiscal year 1996. To the following information: (i) Sellers' knowledge the revenues received from such customers or amounts paid to such suppliers during such years, and (ii) the identity of such customers or suppliers (except where the Company is prohibited from disclosing the identity of such customers by contract with such customer). The relationships of the applicable Company with such suppliers and customers are good commercial working relationships and, except as set forth on SCHEDULE 3.20Schedule 4.21, the Shareholders are not aware, and have no reason to believe, that any supplier or customer -------- ---- of material importance to either of the Company Companies has canceled cancelled or otherwise terminated, or to the Sellers' knowledge threatened to cancel or otherwise to terminate, its relationship with the applicable Company or has during the last twelve (12) months decreased materially, or threatened to decrease or limit materially, its services, supplies or materials for use by the applicable Company or its usage or purchase of the services or products of the applicable Company except for normal cyclical changes related to customers' businesses. None of the Shareholders has any The Sellers have no knowledge that any such supplier or customer intends to cancel or otherwise substantially modify its relationship with the either Company or to decrease materially or limit such customer's its services, supplies or materials to the either Company, or such customer's its usage or purchase of the services of either Company's services or products, and, and to the Shareholders' knowledgeknowledge of the Sellers, the consummation communication of the transactions contemplated hereby will not materially adversely affect the relationship of PHI the Buyer with any such supplier or customer.

Appears in 1 contract

Samples: Stock Purchase Agreement (Ameritruck Distribution Corp)

Suppliers and Customers. SCHEDULE 3.20 Schedule 5.21(a) hereto sets forth the Company's ten --------- --- --------- -------- ------- (10) largest suppliers for calendar year 1998 (excluding utility service providers, capital equipment lessors, and capital lease and equipment providers) and ten (10) largest customers of each Company as of the date hereof, in each case based on sales volume for calendar years the 1997 and 1998, including the following information: (i) the revenues received from such customers or amounts paid to such suppliers during such 1998 fiscal years, and (ii) the identity of such customers or suppliers (except where the Company is prohibited from disclosing the identity of such customers by contract with such customer). The relationships of the each Company with such suppliers and customers are good commercial working relationships and, except as set forth on SCHEDULE 3.20Schedule -------- 5.21(a) hereto, the Shareholders are not aware, and have no reason to believe, that any supplier or customer of material importance to the such Company ------- has canceled cancelled or otherwise terminated, or threatened to cancel or otherwise to terminate, its relationship with the Company such Company, or has during the last twelve (12) months decreased materially, or threatened to decrease or limit materially, its services, supplies or materials for use by the such Company or its usage or purchase of the services or products of the such Company except for normal cyclical changes related to customers' businesses. None To the best knowledge of the Shareholders has any knowledge that any Sellers, no such supplier or customer intends to cancel or otherwise substantially modify its relationship with the Company any Company, or to decrease materially or limit such customer's its services, supplies or materials to the such Company, or such customer's its usage or purchase of the such Company's services or products, and, and to the Shareholders' knowledgebest knowledge of the Sellers, the consummation communication of the transactions contemplated hereby will not adversely affect the relationship of PHI the Company with any such supplier or customer. Schedule 5.21(b) hereto sets -------- ------- forth all agreements, written or oral, pursuant to which the Company is an exclusive supplier of services or products.

Appears in 1 contract

Samples: Stock Purchase Agreement (Chancellor Corp)

Suppliers and Customers. SCHEDULE 3.20 Schedule 4.19 hereto sets forth the Company's ten (10) largest suppliers for calendar year 1998 (excluding utility service providers, capital equipment lessors, and capital lease and equipment providers) and ten (10) largest customers for calendar years 1997 and 1998, including the following information: (i) the revenues received from such customers or amounts paid to such suppliers during such years, and (ii) the identity of such customers or suppliers (except where each of the Company is prohibited from disclosing and each Subsidiary as of the identity of such customers by contract with such customer)date hereof. The relationships of the Company and each Subsidiary with such suppliers and customers are good commercial working relationships and, except as set forth on SCHEDULE 3.20Schedule 4.19, the Shareholders Sellers are not aware, and have no reason to believe, that any supplier or customer of material importance to the Company or any of the Subsidiaries has canceled or otherwise terminated, or threatened to cancel or otherwise to terminate, its relationship with the Company or any of the Subsidiaries or has during the last twelve (12) months decreased materially, or threatened to decrease or limit materially, its services, supplies or materials for use by the Company or any of the Subsidiaries or its usage or purchase of the services or products of the Company or any of the Subsidiaries except for normal cyclical changes related to customers' businesses. None of the Shareholders Sellers has any knowledge that any such supplier or customer intends to cancel or otherwise substantially modify its relationship with the Company or any of the Subsidiaries or to decrease materially or limit such customer's services, supplies or materials to the CompanyCompany or any of the Subsidiaries, or such customer's usage or purchase of the Company's or the Subsidiaries' services or products, and, and to the Shareholders' knowledgeknowledge of the Sellers, the consummation of the transactions contemplated hereby will not adversely affect the relationship of PHI the Buyer or the Company with any such supplier or customer.

Appears in 1 contract

Samples: Stock Purchase Agreement (High Voltage Engineering Corp)

Suppliers and Customers. SCHEDULE 3.20 sets forth Schedule 5.20(a) lists the ten (10) largest customers (based on revenue received by the Company's , the “Material Customers”) and the ten (10) largest suppliers (based on payments made by the Company, the “Material Suppliers”) for calendar year 1998 (excluding utility service providers, capital equipment lessors, and capital lease and equipment providers) and ten (10) largest customers for calendar years 1997 and 1998, including the following information: (i) the revenues received from such customers or amounts paid to such suppliers during such yearstwelve (12) months period ended on December 31, 2019, and (ii) the identity seven (7) month period ended on July 31, 2020. Except as set forth on Schedule 5.20(b), no Material Customer has notified the Company in writing or, to the Knowledge of the Company, orally, that it shall, or intends to, cancel, terminate, or otherwise adversely modify any relationships of such customers or suppliers (except where Person with the Company is prohibited or its Contracts or Government Contacts with the Company or materially decrease the rate of buying products and services from disclosing the identity Company and no Material Supplier has notified the Company in writing, or, to the Knowledge of the Company, orally, that it shall, or intends to, cancel, terminate, or otherwise adversely modify any relationships of such customers by contract Person or any of its Contracts or Government Contracts with such customer)the Company or materially decrease the rate of supplying materials, products or services to the Company. The relationships of the Company with such suppliers and customers are reasonably good commercial working relationships andrelationships. To Company’s Knowledge, except as set forth on SCHEDULE 3.20, the Shareholders are not aware, and have no reason Material Customer or Material Supplier intends to believe, that refuse to pay any supplier or customer of material importance amount due to the Company or seek to exercise any remedy against the Company. The Company has canceled not within the past year been engaged in any material dispute with any Material Customer or otherwise terminated, Material Supplier. No Material Customer or threatened to cancel or otherwise to terminate, its relationship with Material Supplier has {N0289150 } notified the Company or has during the last twelve in writing (12) months decreased materially, or threatened to decrease or limit materially, its services, supplies or materials for use by the Company or its usage or purchase of the services or products of the Company except for normal cyclical changes related to customers' businesses. None of the Shareholders has any knowledge that any such supplier or customer intends to cancel or otherwise substantially modify its relationship with the Company or to decrease materially or limit such customer's services, supplies or materials to the Knowledge of the Company, or such customer's usage or purchase of the Company's services or products, and, to the Shareholders' knowledge, orally) that the consummation of the transactions contemplated hereby will not in this Agreement and the Transaction Documents, would or is reasonably likely to adversely or negatively affect the relationship of PHI the Company with any such supplier Material Customer or customerMaterial Supplier.

Appears in 1 contract

Samples: Equity Purchase Agreement (DLH Holdings Corp.)

Suppliers and Customers. SCHEDULE 3.20 sets forth Schedule 2.25 lists for the Company's ten (10) largest suppliers for calendar year 1998 (excluding utility service providersended December 31, capital equipment lessors2012, and capital lease and equipment providers) and ten (10) largest customers for calendar years 1997 and 1998the six months ended June 30, including the following information: 2013, (i) any customer which accounted for 5% or more of the revenues received from Company’s Receivables and the amount thereof for such customers periods whether or amounts paid to such suppliers during such years, not yet collected; and (ii) any supplier which accounted for 5% or more of the identity of such customers Company’s Trade Payables and the amount thereof, whether or suppliers (except where not yet paid. There has not occurred any material adverse change in the Company is prohibited from disclosing the identity of such customers by contract with such customer). The relationships of the Company with such its suppliers and customers are good commercial working relationships since January 1, 2013 and, except as and to the extent set forth on SCHEDULE 3.20Schedule 2.25, to Seller’s knowledge, there are no facts or circumstances (including, without limitation, the Shareholders are not awareContemplated Transactions) that could reasonably be expected to have a material adverse effect on the Company’s relationship with its customers and suppliers. Since January 1, and have 2013, (i) no reason supplier has refused to believeprovide credit, that any supplier or customer has suspended the provision of material importance credit, to the Company as a result of the failure or delay in payment of amounts due to such supplier or otherwise; (ii) all amounts owing to such suppliers, if not in dispute, have been paid in accordance with their respective terms; (iii) no such customer or supplier has canceled cancelled or otherwise terminated, or threatened to cancel cancel, or otherwise to terminate, its the relationship of such customer or supplier with the Company Company, and (iv) no such customer or supplier has during the last twelve (12) months decreased materially, materially or threatened to decrease or limit materially, its services, supplies or materials for use by the Company or its usage or purchase of the services or products of the Company except for normal cyclical changes related to customers' businesses. None of the Shareholders has any knowledge that any such supplier or customer intends to cancel or otherwise substantially modify materially its relationship with the Company or to decrease materially or limit such customer's servicesor, supplies or materials to the Company’s and Seller’s knowledge, intends to decrease or such customer's usage or purchase of limit materially its relationship with the Company's services or products, and, to the Shareholders' knowledge, the consummation of the transactions contemplated hereby will not adversely affect the relationship of PHI with any such supplier or customer.

Appears in 1 contract

Samples: Equity Purchase Agreement (Sanomedics International Holdings, Inc)

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