CATEGORY 3 CUSTOMERS Clause Samples

CATEGORY 3 CUSTOMERS. If the Customer shall have been determined to be a Category 3 Customer, AEF may require that assets in addition to those set forth in the definition of "COLLATERAL" in this Agreement and directly relating to the operation of the Satellite and any revenues derived therefrom be 116 included in the Collateral (but AEF may not include in such requirement any asset readily available in the market-place for a value of less than one million Dollars ($1,000,000) unless the Project Financing is secured by a Lien on any such asset), and in order for the Customer to be entitled to Conversion, such assets shall, thereupon, be deemed to form part of the Collateral for all purposes of this Agreement and the other Loan Documents. Any such determination shall be made by AEF on or before the date of the earlier to occur of (A) the completion of the review, if any, pursuant to Section 9.01 of any Preliminary Business Plan submitted by the Customer, if accepted by the Customer, that contains information determined by AEF to be sufficient for the purpose of this Section 9.03, and (B) the Conversion Commitment Date.
View SourceView Similar (2)

Related to CATEGORY 3 CUSTOMERS

  • Minimum Customer Support Requirements for TIPS Sales Vendor shall provide timely and commercially reasonable support for TIPS Sales or as agreed to in the applicable Supplemental Agreement.

  • 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.

  • Customers The names of your customers will remain your sole property and will not be used by us except for servicing or informational mailings and other correspondence in the normal course of business.

  • Major Customers The following table reflects the major customers of the Partnership's oil and gas sales (a major customer is defined as a customer whose sales exceed 10% of total sales) during the years ended December 31: 1998 1997 1996 ---- ---- ---- Genesis Crude Oil, L.P...................................... 66% 66% 67% Western Gas Resources, Inc. ................................ 21% 17% 15% At December 31, 1998, the amounts receivable from Genesis Crude Oil, L.P. and Western Gas Resources, Inc. were $13,053 and $11,532, respectively, which are included in the caption "Accounts receivable -- oil and gas sales" in the accompanying Balance Sheet. The Partnership's share of oil and gas production is sold to various purchasers. Pioneer USA is of the opinion that the loss of any one purchaser would not have an adverse effect on the ability of the Partnership to sell its oil and gas production.

  • 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.