Significant Customer definition
Significant Customer has the meaning set forth in Section 5.22(a).
Significant Customer means any customer who represents in excess of 5% of the Company’s sales in any of the three calendar years prior to the date of determination. “Competitive Activity” shall not include the mere ownership of, and exercise of rights appurtenant to, securities of a publicly-traded company representing 5% or less of the total voting power and 5% or less of the total value of such an enterprise. Executive agrees that the Company is a global business and that it is appropriate for this Section 9 to apply to Competitive Activity conducted anywhere in the world.
Significant Customer shall have the meaning set forth in Section 3.19(a).
Examples of Significant Customer in a sentence
The Company has not received any written notice pursuant to which any Significant Customer, nor, to the knowledge of the Company, has any reason to believe that any Significant Customers has (A) ceased or substantially reduced, or will cease or substantially reduce, use of products or services of the Company or (B) sought, or is seeking, to reduce the price it will pay for the services of the Company.
No Significant Customer has threatened in writing or, to the knowledge of the Company, threatened orally to take any action described in the preceding sentence as a result of the consummation of the transactions contemplated by this Agreement.
More Definitions of Significant Customer
Significant Customer means, for any quarter, a customer that, together with its affiliates, accounts for 10% (rounded to the nearest 1%) or more of the Company’s worldwide consolidated revenue for the quarter.
Significant Customer means a customer of the Company or any of its Subsidiaries that would reasonably be expected to account for more than 10% of the annual consolidated revenue of the Company.
Significant Customer has the meaning given to it in Section 3.6 hereof.
Significant Customer is defined in Section 3.16(a).
Significant Customer means the top twenty (20) customers of Seller, by dollar volume of sales, for the nine (9)-month period ended on September 30, 2021 and for the fiscal year ended December 31, 2020, as set forth on Schedule 3.24.
Significant Customer means a company, collectively with its Subsidiaries or Affiliates, to which Ally Bank was the direct source during such company’s last fiscal year of an excess of 5% of the gross revenues such company received for the sale of its products and services during such fiscal year.
Significant Customer. Section 3.24(a)