Common use of Material Suppliers and Customers Clause in Contracts

Material Suppliers and Customers. For purposes of this Section 3.23, (a) a “Major Supplier” shall mean any of the 20 largest vendors or other suppliers of goods or services to the Company and its Subsidiaries (as measured by aggregate amounts paid to such vendor or supplier during the 12-month period ended December 31, 2012); and (b) a “Major Customer” shall mean any of the 20 largest customers of the Company and its Subsidiaries, taken as a whole as measured by the aggregate amount paid by such customer to the Company or any Subsidiary of the Company during the 12-month period ended December 31, 2012. Each Major Supplier and Major Customer of the Company are listed on Section 3.23 of the Seller Disclosure Schedules. As of the date hereof, no Major Supplier or Major Customer has given Seller, the Company or any of its Subsidiaries written notice (nor does Seller, the Company or its Subsidiaries have any reason to believe) that it will or intends to terminate, limit or materially reduce its business relations with the Company or any of its Subsidiaries or adversely change in any material respect the terms on which it supplies merchandise to the Company or any of its Subsidiaries, or purchases products or services from the Company or any of its Subsidiaries.

Appears in 1 contract

Sources: Membership Interest Purchase Agreement (Standard Register Co)

Material Suppliers and Customers. For purposes of this Section 3.23, (a) a “Major Supplier” shall mean any of the 20 largest vendors or other suppliers of goods or services to the Company and its Subsidiaries (as measured by aggregate amounts paid to such vendor or supplier during the 12-month period ended December 31, 2012); and (b) a “Major Customer” shall mean any of the 20 largest customers of the Company and its Subsidiaries, taken as a whole as measured by the aggregate amount paid by such customer to the Company or any Subsidiary of the Company during the 12-month period ended December 31, 2012. Each Major Material Supplier and Major Material Customer of the Company are is listed on Section 3.23 of the Seller Company Disclosure SchedulesSchedule. As of the date hereof, to the Knowledge of the Company, no Major Supplier or Major Customer has given Seller, the Company or any of its Subsidiaries written notice (nor does Seller, the Company or its Subsidiaries have any reason to believe) that it will or intends to terminate, limit or materially reduce its business relations with the Company or any of its Subsidiaries or adversely change in any material respect the terms on which it supplies merchandise to the Company or any of its Subsidiaries, or purchases products or services from the Company or any of its Subsidiaries.

Appears in 1 contract

Sources: Amendment and Restatement Agreement (Standard Register Co)