Common use of IT System Clause in Contracts

IT System. With respect to the IT System, other than the Excluded IT System, Seller shall provide Purchaser with a contact name and telephone number of the applicable licensor, vendor or supplier, and Purchaser shall (i) be responsible for obtaining any consents or approvals necessary for the assignment or transfer of the IT System from Seller to Purchaser, or a new license for the IT System, and (ii) pay any fees or expenses charged by the licensor, vendor or supplier of the IT System in respect of such assignment or transfer or new license (as the case may be). With respect to the Excluded IT System to be removed from the Property, Seller shall have no obligation to replace the Excluded IT System. If Purchaser replaces any of the Excluded IT System removed by Seller, Seller shall cooperate with Purchaser in all reasonable respects to transfer all data from the Excluded IT System which were removed to the replacement systems installed by Purchaser; provided, however, that no Seller makes any representation, warranty or guarantee whatsoever that the data on the Excluded IT System removed by Seller will be transferable or compatible with the replacement systems installed by Purchaser.

IT System. With respect to the IT System, other than the Excluded IT System, Seller shall provide Purchaser Buyer with a contact name and telephone number of the applicable licensor, vendor or supplier, and Purchaser Buyer shall (ia) be responsible for obtaining any consents or approvals necessary for the assignment or transfer of the IT System from Seller to PurchaserBuyer, or a new license for the IT System, ; and (iib) pay any fees or expenses charged by the licensor, vendor or supplier of the IT System in respect of such assignment or transfer or new license (as the case may be). With respect to the Excluded IT System to be removed from the Property, Seller shall have no obligation to replace the Excluded IT System. If Purchaser Buyer replaces any of the Excluded IT System removed by Seller, Seller shall cooperate with Purchaser Buyer in all reasonable respects to transfer all data from the Excluded IT System which were removed to the replacement systems installed by PurchaserBuyer; provided, however, that no Seller makes any representation, warranty or guarantee whatsoever that the data on the Excluded IT System removed by Seller will be transferable or compatible with the replacement systems installed by PurchaserBuyer.