Business IT Systems Clause Samples
The 'Business IT Systems' clause defines the scope and responsibilities related to the information technology infrastructure used by a business, including hardware, software, networks, and data management systems. This clause typically outlines which systems are covered under the agreement, who is responsible for their maintenance and security, and any requirements for system updates or data protection. Its core function is to ensure clarity regarding the management and oversight of IT resources, thereby reducing the risk of misunderstandings or disputes over technology-related obligations.
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Business IT Systems. All Business IT Systems are in good working condition and are sufficient for the operation of the Business as currently conducted. In the past three (3) years, there has been no (i) malfunction, failure, continued substandard performance, or impairment of the Business IT Systems that has resulted or is reasonably likely to result in disruption or damage to the Business. Seller has taken all commercially reasonable steps to safeguard the confidentiality, availability, security, and integrity of the Business IT Systems, including implementing and maintaining appropriate backup, disaster recovery, and software and hardware support arrangements. Additionally, with respect to Seller's Appfolio license, which Seller acknowledges forms a part of the Business IT Systems, Seller agrees that after the Closing Date, Seller shall no longer have rights to such license and that all such rights shall be exclusively retained by Purchaser.
Business IT Systems. All Business IT Systems are in good working condition and are sufficient for the operation of the business of the IA Group Companies as currently conducted. In the past three (3) years, there has been no malfunction, failure or impairment of the Business IT Systems that has resulted or is reasonably likely to result in an IA ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Adverse Effect. IA Group has taken commercially reasonable steps designed to safeguard the confidentiality, availability, security, and integrity of the Business IT Systems, including implementing and maintaining commercially reasonable backup, disaster recovery, and software and hardware support arrangements.
Business IT Systems. All Business IT Systems are in good working condition and are sufficient for the operation of the Business as currently conducted. In the past three (3) years, there has been no (i) malfunction, failure, continued substandard performance, or impairment of the Business IT Systems that has resulted or is reasonably likely to result in disruption or damage to the Business. Seller has taken all commercially reasonable steps to safeguard the confidentiality, availability, security, and integrity of the Business IT Systems, including implementing and maintaining appropriate backup, disaster recovery, and software and hardware support arrangements.
Business IT Systems. All Business IT Systems are in good working condition and are sufficient for the operation of the FVR Management Business as currently conducted. In the past three (3) years, there has been no malfunction, failure, continued substandard performance, or impairment of the Business IT Systems that has resulted or is reasonably likely to result in material disruption or damage to the Business. The Management Parties have taken all commercially reasonable steps to safeguard the confidentiality, availability, security, and integrity of the Business IT Systems, including implementing and maintaining appropriate backup, disaster recovery, and software and hardware support arrangements.
Business IT Systems. Section 2.6(f) of the Disclosure Letter sets forth an accurate and complete list, as of the date of this Agreement, of all the Business IT Systems. In the past three years, there has been no malfunction, failure, continued substandard performance, denial-of-service, or other cyber incident, including any cyberattack, or other impairment of Business IT Systems, in each case except as would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. The GAME Parties have taken all reasonable best effort steps to safeguard the confidentiality, availability, security, and integrity of Business IT Systems, including implementing and maintaining appropriate backup, disaster recovery, and software and hardware support arrangements, in each case except as would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. With respect to Business IT Systems used or held for use in the business of the GAME Parties, no such Software (or such IT System) contains any undisclosed or hidden device or feature designed to disrupt, disable, or otherwise impair the functioning of any Software or IT System or any “back door,” “time bomb,” “Trojan horse,” “worm,” “drop dead device,” or other malicious code or routines that permit unauthorized access or the unauthorized disablement or erasure of such or other software or information or data (or any parts thereof) of the GAME Parties or customers of the GAME Parties.
Business IT Systems. All information technology and computer systems, including Software, hardware, networks, interfaces, and related systems, relating to the transmission, storage, maintenance, organization, presentation, generation, processing or analysis of data and information, whether or not in electronic format, used in or necessary to the conduct of the business of Shred-it and its Subsidiaries (collectively, “Business IT Systems”) have been properly maintained, in all material respects, by technically competent personnel, in accordance with standards set by the manufacturers or otherwise in accordance with prudent industry standards, including the Payment Card Industry Data Security Standard, as adopted by the PCI Security Standards Council, LLC (as in effect on the date hereof) (the “PCI DSS”), designed to ensure proper operation, monitoring and use and the security of Personal Data and User Data. The Business IT Systems are in good working condition to effectively perform all information technology operations necessary to conduct the business of Shred-it and its Subsidiaries in all material respects.