Example ContractsClausesIT Systems
IT Systems
IT Systems contract clause examples

IT Systems. (i)(x) To the knowledge of Company, there has been no security breach or other compromise of any Company’s information technology and computer systems, networks, hardware, software, data (including the data of their respective customers, employees, suppliers, vendors and any third party data maintained by or on behalf of them), equipment or technology (collectively, “IT Systems and Data”) and # the Company has not been notified of, and have no knowledge of any event or condition that would reasonably be expected to result in, any security breach or other compromise to their IT Systems and Data; # the Company is presently in material compliance with all applicable laws or statutes and all judgments, orders, rules and regulations of any court or arbitrator or governmental or regulatory authority, internal policies and contractual obligations relating to the privacy and security of IT Systems and Data and to the protection of such IT Systems and Data from unauthorized use, access, misappropriation or modification, except as would not, in the case of this clause (ii), individually or in the aggregate, have a Material Adverse Effect; and # the Company has implemented backup and disaster recovery technology consistent with industry standards and practices.

Systems. The Stations use certain operating and IT systems and digital arrangements provided by Emmis or its Affiliates. Effective as of Closing, such use shall discontinue, and Sinclair shall cause the LP to replace them with other operating and IT systems and digital arrangements for the Stations. The material systems and arrangements to be replaced are set forth on [Schedule 4.6] attached hereto.

The Company agrees that the Administrative Agent may, but shall not be obligated to, make Communications (as defined below) available to the Issuing Banks and the other Lenders by posting the Communications on Debt Domain, Intralinks, Syndtrak, ClearPar or a substantially similar Electronic System.

IT Shared Costs. The parties acknowledge that IT software, third-party services for maintenance of IT hardware and software, and licenses (collectively, the “IT Software”) can be provided more efficiently and cost effectively to Saul Company and [[Saul Centers:Organization]] on a shared basis. Costs for IT Software utilized by either party (the “IT Shared Costs”) shall be calculated as follows: Saul Company shall determine the cost of each individual component of the IT Software that it has purchased or otherwise licensed and divide the cost by the number of Employees who have such component installed on their computer. The IT Shared Costs shall be allocated to each party based on the actual use of IT Software by the Employees of each party.

Private Recording Systems. [[Organization C:Organization]] reserves the right to require or permit that any or all Participated Mortgage Loans be registered and processed on the MERS® System and/or any other similar mortgage registration or processing system (collectively, “Private Recording System”). Should [[Organization C:Organization]] require or permit the registration or processing of any or all Participated Mortgage Loans on any Private Recording System: # each such Participated Mortgage Loan shall be registered and processed on the Private Recording System approved by [[Organization C:Organization]] in accordance with the requirements of the Warehouse Program Guide; and # [[Organization C:Organization]] may terminate and revoke any such requirement or permission regarding the registration and processing of any such Participated Mortgage Loans on any Private Recording System.

#[[Organization A:Organization]] represents and warrants that the Product and any media used to distribute it contain no computer instructions, circuitry or other technological means (“Harmful Code”) whose purpose is to disrupt, damage or interfere with [[Bank of America:Organization]]’s use of its computer and telecommunications facilities for their commercial, test or research purposes. Harmful Code shall include, without limitation, any automatic restraint, time-bomb, trap-door, virus, worm, Trojan horse or other harmful code or instrumentality that will cause the Products or any other [[Bank of America:Organization]] software, hardware or system to cease to operate or to fail to conform to its specifications. [[Organization A:Organization]] shall indemnify [[Bank of America:Organization]] and hold [[Bank of America:Organization]] harmless from all claims, losses, damages and expenses, including attorneys’ fees, arising from the presence of Harmful Code in or with the Product or contained on media delivered by [[Organization A:Organization]]. [[Organization A:Organization]] further represents and warrants that it will not introduce any Harmful Code, into any computer or electronic data storage system used by [[Bank of America:Organization]].

Application Support: Provide IT resources necessary to maintain and upgrade systems and applications;

IT Systems” shall have the meaning assigned to such term in [Section 3.08(c)].

I HAVE BEEN ADVISED TO CONSULT WITH AN ATTORNEY BEFORE EXECUTING IT AND I HAVE DONE SO OR, AFTER CAREFUL READING AND CONSIDERATION, I HAVE CHOSEN NOT TO DO SO OF MY OWN VOLITION;

Authority (“FINRA”) and such exchanges, as applicable. The Company shall promptly provide to the Purchaser copies of any notices it receives from the SEC, OTC Markets Group and any other exchanges or quotation systems on which the Common Stock is then listed regarding the continued eligibility of the Common Stock for listing on such exchanges and quotation systems, provided that it shall not provide any notices constituting material nonpublic information.

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