Common use of Material Customers and Suppliers Clause in Contracts

Material Customers and Suppliers. Section 3.20 of the Seller Disclosure Letter sets forth a true and complete list of (a) the 20 largest customers of the Acquired Entities on a consolidated basis (based on dollar volume of sales to such customers) (each, a “Material Customer”) and (b) the 20 largest suppliers of the Acquired Entities on a consolidated basis (based on dollar volume of purchases from such suppliers) (each, a “Material Supplier”), in each case, for the 2017 calendar year and for the period of January 1, 2018 to the Balance Sheet Date. To the Seller’s Knowledge, there exists no condition or event that, after notice or passage of time or both, would constitute a default by any party to any Contract with a Material Customer or Material Supplier. Since December 31, 2017, no Material Customer or Material Supplier has notified any Acquired Entity in writing that it intends to discontinue or materially and adversely change its relationship with any Acquired Entity other than by fluctuations in purchase order volume that occur in the Ordinary Course of Business.

Appears in 2 contracts

Sources: Purchase Agreement, Purchase Agreement (Hennessy Capital Acquisition Corp. III)

Material Customers and Suppliers. Section 3.20 3.17 of the Seller Company Disclosure Letter sets forth a true and complete list of (a) the 20 10 largest customers of the Acquired Entities on a consolidated basis Company and its Subsidiaries in each Segment (based on dollar volume of sales to such customers) (each, a “Material Customer”) and (b) the 20 10 largest suppliers of the Acquired Entities on a consolidated basis Company and its Subsidiaries (based on dollar volume of purchases from such suppliers) (each, a “Material Supplier”), in each case, for the 2017 2018 calendar year and for the period of January 1, 2018 2019 to the Balance Sheet Date. To the Seller’s KnowledgeKnowledge of the Company, there exists no condition or event that, after notice or passage of time or both, would constitute a default by any party to any Contract with a Material Customer or Material Supplier. Since December 31, 20172018, no Material Customer or Material Supplier has notified the Company or any Acquired Entity in writing of its Subsidiaries that it intends to discontinue or materially and adversely change its relationship with the Company or any Acquired Entity of its Subsidiaries other than by fluctuations in purchase order volume that occur in the Ordinary Course ordinary course of Businessbusiness.

Appears in 2 contracts

Sources: Merger Agreement (Us Ecology, Inc.), Merger Agreement (NRC Group Holdings Corp.)