Common use of Information Technology Matters Clause in Contracts

Information Technology Matters. 24.1. The use of the computer systems by the Company and/or the Founders does not infringe the Proprietary Rights of any third party. The Company has exclusive control of the operation of the Company’s computer systems and of the storage, processing and retrieval of all data stored on the Company’s computer systems and any Proprietary Rights in such data are owned solely by it. 24.2. All the records and systems (including but not limited to computer systems) and all data and information relating to the Company are recorded, stored, maintained or operated or otherwise held by the Company and are not wholly or partly dependent on any facilities which are not under the exclusive ownership or control of the Company. 24.3. The Company is licensed to use all software necessary to enable it to continue to use its computerised records for the foreseeable future in the same manner in which they have been used prior to the date of this Agreement and does not share any user rights in respect of such software with any other Person. 24.4. The Company’s information technology systems have not failed and the data which they process has not been corrupted. To the best of Company’s knowledge, the Company’s information technology systems do not contain viruses, bugs or things which distort their proper functioning, permit unauthorised access or disable them without the consent of the user. 24.5. The Company is in compliance with the Information Technology Act, 2000, and the rules framed thereunder (“IT Act”). There are no existing or prior claims, enquiries or notices against the Company for violation of the IT Act or the rules and regulations formulated thereunder.

Appears in 4 contracts

Samples: Share Subscription Agreement, Subscription Agreement, Subscription Agreement

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Information Technology Matters. 24.1. The use of the computer systems by the Company and/or the Founders does not infringe the Proprietary Rights of any third party. The Company and/or the Founders has exclusive control of the operation of the Company’s computer systems and of the storage, processing and retrieval of all data stored on the Company’s computer systems and any Proprietary Rights in such data are owned solely by it. 24.2. All the records and systems (including but not limited to computer systems) and all data and information relating to the Company are recorded, stored, maintained or operated or otherwise held by the Company and are not wholly or partly dependent on any facilities which are not under the exclusive ownership or control of the Company. 24.3. The Company is licensed to use all software necessary to enable it to continue to use its computerised records for the foreseeable future in the same manner in which they have been used prior to the date of this Agreement and does not share any user rights in respect of such software with any other Person. 24.4. The Company’s information technology systems have not failed and the data which they process has not been corrupted. To the best of Company’s knowledge, the Company’s information technology systems do not contain viruses, bugs or things which distort their proper functioning, permit unauthorised access or disable them without the consent of the user. 24.5. The Company is in compliance with the Information Technology Act, 2000, and the rules framed thereunder (“IT Act”). There are no existing or prior claims, enquiries or notices against the Company for violation of the IT Act or the rules and regulations formulated thereunder.

Appears in 3 contracts

Samples: Subscription Agreement, Subscription Agreement, Subscription Agreement

Information Technology Matters. 24.122.1. The use of the computer systems by the Company and/or the Founders does not infringe the Proprietary Rights of any third party. The Company and/or the Founders has exclusive control of the operation of the Company’s computer systems and of the storage, processing and retrieval of all data stored on the Company’s computer systems and any Proprietary Rights in such data are owned solely by it. 24.222.2. All the records and systems (including but not limited to computer systems) and all data and information relating to the Company are recorded, stored, maintained or operated or otherwise held by the Company and are not wholly or partly dependent on any facilities which are not under the exclusive ownership or control of the Company. 24.322.3. The Company is licensed to use all software necessary to enable it to continue to use its computerised records for the foreseeable future in the same manner in which they have been used prior to the date of this Agreement and does not share any user rights in respect of such software with any other Person. 24.422.4. The Company’s information technology systems have not failed and the data which they process has not been corrupted. To the best of Company’s knowledge, the Company’s information technology systems do not contain viruses, bugs or things which distort their proper functioning, permit unauthorised access or disable them without the consent of the user. 24.5. The Company is in compliance with the Information Technology Act, 2000, and the rules framed thereunder (“IT Act”). There are no existing or prior claims, enquiries or notices against the Company for violation of the IT Act or the rules and regulations formulated thereunder.

Appears in 2 contracts

Samples: Subscription Agreement, Subscription Agreement

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Information Technology Matters. 24.1. The use of the computer systems by the Company and/or the Founders does not infringe the Proprietary Rights of any third party. The Company and/or the Founders has exclusive control of the operation of the Company’s computer systems and of the storage, processing and retrieval of all data stored on the Company’s computer systems and any Proprietary Rights in such data are owned solely by it. 24.2. All the records and systems (including but not limited to computer systems) and all data and information relating to the Company are recorded, stored, maintained or operated or otherwise held by the Company and are not wholly or partly dependent on any facilities which are not under the exclusive ownership or control of the Company. 24.3. The Company is licensed to use all software necessary to enable it to continue to use its computerised records for the foreseeable future in the same manner in which they have been used prior to the date of this Agreement and does not share any user rights in respect of such software with any other Person. 24.4. The Company’s information technology systems have not failed and the data which they process has not been corrupted. To the best of Company’s knowledge, the Company’s information technology systems do not contain viruses, bugs or things which distort their proper functioning, permit unauthorised access or disable them without the consent of the user. 24.5. The Company is in compliance with the Information Technology Act, 2000, and the rules framed thereunder (“IT Act”). There are no existing or prior claims, enquiries or notices against the Company for violation of the IT Act or the rules and regulations formulated thereunder.

Appears in 1 contract

Samples: Subscription Agreement

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