Common use of IT Assets Clause in Contracts

IT Assets. Except as would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect on Anthem: (i) the IT Assets are reasonably sufficient for the operation of the business of Anthem and its Subsidiaries as currently conducted; (ii) the IT Assets of Anthem and its Subsidiaries are maintained, operate and perform in accordance with their documentation and functional specifications or otherwise as required by Anthem and its Subsidiaries in connection with Anthem’s business; (iii) there are no development, migration, integration or implementation projects concerning IT Assets currently being conducted by Anthem or its Subsidiaries; (iv) to Anthem’s Knowledge, such IT Assets do not contain any “time bombs,” “Trojan horses,” “back doors,” “trap doors,” “worms,” viruses, bugs, faults, devices or elements that (A) enable or assist any Person to access without authorization such IT Assets or (B) otherwise materially adversely affect the functionality of such IT Assets; (v) Anthem and each of its Subsidiaries have implemented reasonable backup and disaster recovery technology consistent with industry practices; (vi) to the Knowledge of Anthem, no Person has gained unauthorized access to such IT Assets or the data stored or processed by the IT Assets; and (vii) since January 1, 2013, there has been no failure, breakdown or continued substandard performance of any IT Assets that has caused a disruption or interruption in or to the use of such IT Assets or the operation of the business of Anthem or its Subsidiaries.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Anthem, Inc.), Agreement and Plan of Merger (Cigna Corp), Agreement and Plan of Merger

AutoNDA by SimpleDocs

IT Assets. Except as would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect on AnthemCigna: (i) the IT Assets are reasonably sufficient for the operation of the business of Anthem Cigna and its Subsidiaries as currently conducted; (ii) the IT Assets of Anthem Cigna and its Subsidiaries are maintained, operate and perform in accordance with their documentation and functional specifications or otherwise as required by Anthem Cigna and its Subsidiaries in connection with AnthemCigna’s business; (iii) there are no development, migration, integration or implementation projects concerning IT Assets currently being conducted by Anthem Cigna or its Subsidiaries; (iv) to AnthemCigna’s Knowledge, such IT Assets do not contain any “time bombs,” “Trojan horses,” “back doors,” “trap doors,” “worms,” viruses, bugs, faults, devices or elements that (A) enable or assist any Person to access without authorization such IT Assets or (B) otherwise materially adversely affect the functionality of such IT Assets; (v) Anthem Cigna and each of its Subsidiaries have implemented reasonable backup and disaster recovery technology consistent with industry practices; (vi) to the Knowledge of AnthemCigna, no Person has gained unauthorized access to such IT Assets or the data stored or processed by the IT Assets; and (vii) since January 1, 2013, there has been no failure, breakdown or continued substandard performance of any IT Assets that has caused a disruption or interruption in or to the use of such IT Assets or the operation of the business of Anthem Cigna or its Subsidiaries.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Anthem, Inc.), Agreement and Plan of Merger (Cigna Corp), Agreement and Plan of Merger

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.