Systems Clause Samples
The 'Systems' clause defines the requirements, responsibilities, or standards related to the technological or operational systems used in the context of the agreement. It typically outlines which systems must be maintained, how they should be accessed or integrated, and may specify security, maintenance, or compatibility obligations. For example, it might require a party to use certain software platforms, maintain up-to-date security protocols, or ensure interoperability with another party’s systems. The core function of this clause is to ensure that all parties have a clear understanding of the systems involved and their respective duties, thereby reducing the risk of technical failures or misunderstandings.
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Systems. The Servicer covenants that at the date hereof in respect of the software which is used by the Servicer in providing the Services, it shall for the duration of this Agreement:
Systems. JFS shall exercise reasonable care to prevent the occurrence of any virus. JFS agrees that any corrections needed due to a virus shall be corrected by JFS at no additional cost to the Funds. “
Systems. BlackRock shall retain title to and ownership of any and all of its own data bases, computer programs, screen formats, report formats, interactive design techniques, derivative works, inventions, discoveries, patentable or copyrightable matters, concepts, expertise, patents, copyrights, trade secrets, and other related legal rights utilized by BlackRock in connection with the services provided by BlackRock to the Company.
Systems. The details of any systems work will be determined after a thorough business analysis. System's work will be billed on a time and material basis. Investors Bank provides an allowance of 10 systems hours for data extract set up and reporting extract set up. Additional hours will be billed on a time and material basis.
Systems. The Sub-Administrator shall retain title to and ownership of any and all data bases, computer programs, screen formats, report formats, interactive design techniques, derivative works, inventions, discoveries, patentable or copyrightable matters, concepts, expertise, patents, copyrights, trade secrets, and other related legal rights utilized by the Sub-Administrator in connection with the services provided by the Sub-Administrator to the Administrator and the Funds.
Systems. Trane will access the Extranet only through computing or processing systems or applications running operating systems managed by Trane that include: (i) system network firewalls; (ii) centralized patch management; (iii) operating system appropriate anti-malware software; and (iv) for portable devices, full disk encryption.
Systems. The details of any systems work will be determined after a thorough business analysis. System's work will be billed on a time and material basis.
Systems. SCERIS software, third-party software, hardware, professional services and support services, designed to satisfy the Customer’s needs.
Systems o The details of any systems work wil▇ ▇▇ determined after a thorough business analysis. Systems work will be billed on a time and material basis. Investors Bank provides an allowance of 10 systems hours for data extract set up and reporting extract set up. Additional systems hours will be billed on a time and material basis. =============================================================================== MISCELLANEOUS ===============================================================================
Systems. Evidence, reasonably satisfactory to the Purchaser, the Administrative Agent and each Funding Agent, that such additional Seller's systems, procedures and record keeping relating to the Receivables remain in all material respects sufficient and satisfactory in order to permit the purchase and administration of the Receivables in accordance with the terms and intent of this Agreement; and