Common use of Data Processing Systems Clause in Contracts

Data Processing Systems. The electronic data processing systems and similar systems utilized in processing the work of each of the PB Companies, including both hardware and software, (i) are supplied by a third-party provider; (ii) satisfactorily perform the data processing function for which they are presently being used; and (iii) are wholly within the possession and control of one of the PB Companies or its third party provider such that physical access to all software, documentation, passwords, access codes, backups, disks and other data storage devices and similar items readily can be made accessible to and delivered into the possession of NCC’s third-party provider.

Appears in 1 contract

Samples: Agreement and Plan of Merger (National Commerce Corp)

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Data Processing Systems. The electronic data processing systems and similar systems utilized in processing the work of each of the PB Landmark Companies, including both hardware and software, (ia) are supplied by a third-party provider; (iib) satisfactorily perform the data processing function for which they are presently being used; and (iiic) are wholly within the possession and control of one of the PB Landmark Companies or its third party provider such that physical access to all software, documentation, passwords, access codes, backups, disks and other data storage devices and similar items readily can be made accessible to and delivered into the possession of NCC’s third-party provider.

Appears in 1 contract

Samples: Agreement and Plan of Merger (National Commerce Corp)

Data Processing Systems. The electronic data processing systems and similar systems utilized in processing the work of each of the PB RBF Companies, including both hardware and software, (i) are supplied by a third-party provider; (ii) satisfactorily perform the data processing function for which they are presently being used; and (iii) are wholly within the possession and control of one of the PB RBF Companies or its third party provider such that physical access to all software, documentation, passwords, access codes, backups, disks and other data storage devices and similar items readily can be made accessible to and delivered into the possession of NCC’s third-party provider.

Appears in 1 contract

Samples: Agreement and Plan of Merger (National Commerce Corp)

Data Processing Systems. The electronic data processing systems and similar systems utilized in processing the work of each of the PB United Companies, including both hardware and software, (ia) are supplied by a third-third party provider; (iib) satisfactorily perform the data processing function for which they are presently being used; and (iiic) are wholly within the possession and control of one of the PB United Companies or its third party provider such that physical access to all software, documentation, passwords, access codes, backups, disks and other data storage devices and similar items readily can be made accessible to and delivered into the possession of NCC’s third-third party provider.

Appears in 1 contract

Samples: Agreement and Plan of Merger (National Commerce Corp)

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Data Processing Systems. The electronic data processing systems and similar systems utilized in processing the work of each of the PB PCB Companies, including both hardware and software, (ia) are supplied by a third-party provider; (iib) satisfactorily perform the data processing function for which they are presently being used; and (iiic) are wholly within the possession and control of one of the PB PCB Companies or its third party provider such that physical access to all software, documentation, passwords, access codes, backups, disks and other data storage devices and similar items readily can be made accessible to and delivered into the possession of NCC’s third-party provider.

Appears in 1 contract

Samples: Agreement and Plan of Merger (National Commerce Corp)

Data Processing Systems. The electronic data processing systems and similar systems utilized in processing the work of each of the PB PBI Companies, including both hardware and software, (i) are supplied by a third-party provider; (ii) satisfactorily perform the data processing function for which they are presently being used; and (iii) are wholly within the possession and control of one of the PB PBI Companies or its third party provider such that physical access to all software, documentation, passwords, access codes, backups, disks and other data storage devices and similar items readily can be made accessible to and delivered into the possession of NCC’s third-party provider.

Appears in 1 contract

Samples: Agreement and Plan of Merger (National Commerce Corp)

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