Common use of Current Customers Clause in Contracts

Current Customers. At closing, to Seller's and Selling Shareholders, actual knowledge, no notice has been received from any current customer who accounts for more than 5% of the prior twelve (12) months revenue of the Seller that said customer no longer intends to purchase products from Seller on substantially the same terms and conditions as said customer has purchased products in the past; provided however these warranties and representation do not pertain to customers whose business is obtained via public bids.

Appears in 2 contracts

Sources: Asset Sale and Purchase Agreement (Sitestar Corp), Asset Sale and Purchase Agreement (Sitestar Corp)