Clients and Vendors. (a) Schedule 3.22(a)(i) sets forth a list of the top twenty (20) clients of the Company and its Subsidiaries during each of the 2016 calendar year and the 2017 calendar year through the date of the Interim Financial Statements, ranked by consolidated revenue from each client in each such year (the “Top 20 Clients”) and Schedule 3.22(a)(ii) sets forth a list of the top twenty (20) vendors or suppliers or the Company and its Subsidiaries during each of the 2016 calendar year and the 2017 calendar year through the date of the Interim Financial Statements ranked by the aggregate amounts paid to each such vendor or supplier in each such year (the “Top 20 Vendors”). (b) Since January 1, 2016 no Top 20 Client has canceled or otherwise terminated its relationship with the Group Companies or has materially decreased, or indicated in writing to the Company that it intends to materially decrease, its usage or purchase of services from the Group Companies, in each case, other than in the Ordinary Course. To the Knowledge of the Company, the Company has not received any written threat from any Top 20 Client, to terminate or cancel or otherwise materially modify its relationship with the Group Companies or materially decrease or limit its usage or purchase of services from the Group Companies.
Appears in 1 contract
Sources: Merger Agreement (Charles River Laboratories International Inc)
Clients and Vendors. (a) Schedule 3.22(a)(i3.22(a)(i) sets forth a list of the top twenty (20) clients of the Company and its Subsidiaries during each of the 2016 2014 calendar year and the 2017 2015 calendar year through the date of the Interim Financial Statements, Balance Sheet Date ranked by consolidated revenue from each client in each such year period (the “Top 20 Clients”) and Schedule 3.22(a)(ii3.22(a)(ii) sets forth a list of the top twenty (20) vendors or suppliers or the Company and its Subsidiaries during each of the 2016 2014 calendar year and the 2017 2015 calendar year through the date of the Interim Financial Statements Balance Sheet Date, ranked by the aggregate amounts paid to each such vendor or supplier in each such year period (the “Top 20 Vendors”).
(b) Since Except as set forth in Schedule 3.22(b), since January 1, 2016 no 2015, none of the Top 20 Client Clients has canceled or otherwise terminated its relationship with the Group Companies or has materially decreased, or indicated in writing to the Company that it intends to materially decrease, its usage or purchase of services from the Group Companies, in each case, other than in the Ordinary Course. To the Knowledge of the Company, the Company has not received any written threat from any Top 20 ClientCustomer, to terminate or cancel or otherwise materially modify its relationship with the Group Companies or materially decrease or limit its usage or purchase of services from the Group Companies.
Appears in 1 contract
Sources: Merger Agreement (Charles River Laboratories International Inc)