Material Customer definition
Examples of Material Customer in a sentence
Seller has not received notice that any Material Customer or any Material Supplier has or intends to terminate or materially adversely modify the amount, frequency or terms of the business such Material Customer or Material Supplier conducts with the Business.
There are no outstanding material disputes with any Material Customer or Material Supplier.
No Material Customer has submitted a written breach of contract, indemnification or similar claim against any member of the Seller Group with respect to the Business.
Section 4.20(i) of the Disclosure Schedules contains a true, complete and accurate list of (i) the ten (10) largest customers (consolidating into a single customer all affiliated customers) of the Business by the aggregate dollar value of sales by Seller and its Affiliates, taken as a whole, during the twelve (12)-month period ended August 31, 2024 and August 31, 2025 (a “Material Customer”), and (ii) with respect to each Material Customer, the aggregate dollar value of such sales.
No such Material Customer has expressed, in writing, to the Group Companies (i) its intention to cancel or otherwise terminate, or materially reduce, its relationship with any Group Company or (ii) that Group Companies is in material breach of the terms of any Contract with such Material Customer.