Positouch System Sample Clauses

Positouch System. Purchaser shall have the right to use the Seller Group’s Xpient point of sale management information system, including hardware and software (the “Xpient System”) in each Restaurant for a period of ninety (90) days after the Closing (the “Transition Period”) to allow Purchaser time to install the Positouch management information system (the “Positouch System”) required by Franchisor in the Restaurants. At Closing, Purchaser shall receive a credit against the Purchase Price in the amount of $800,000 towards the cost of the installation of the Positouch System. Purchaser shall be solely responsible for any costs in excess of the $800,000 in connection with the installation of the Positouch System. Provided that Purchaser leaves the Xpient System intact at the Restaurants during the Transition Period, Seller Group will provide Purchaser with Xpient System maintenance and support services during the Transition Period, including its customary periodic reports through its Xpient System via email for the Restaurants’ operations. During the Transition Period, Seller Group will also provide Purchaser with the assistance of Xx. Xxxxx and the limited use of a room at FRI’s headquarters for POS training during normal business hours and upon reasonable notice to FRI, all subject to reasonable security and confidentiality measures and Xx. Xxxxx’x normal schedule of responsibilities and duties. Seller Group issues no warranties with respect to the Xpient System or Positouch System and assumes no responsibility for the fitness for any purpose of either system. Within five business days after the expiration of the Transition Period, Purchaser shall return to Seller Group, in a method mutually acceptable to the parties and at Purchaser’s sole cost, all Xpient System equipment, including software and hardware, in the same condition as it was as of the Closing, ordinary wear and tear excepted. Other than as stated in this Section, Seller Group shall have no responsibility for any alternative management information system selected and used by Purchaser after Closing.
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Related to Positouch System

  • Online Banking (a) Utilize Bank’s online banking platform for all matters requested by Bank which shall include, without limitation (and without request by Bank for the following matters), uploading information pertaining to Accounts and Account Debtors, requesting approval for exceptions, requesting Credit Extensions, and uploading financial statements and other reports required to be delivered by this Agreement (including, without limitation, those described in Section 6.2 of this Agreement).

  • PFPC System PFPC 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 PFPC in connection with the services provided by PFPC to the Fund.

  • DTC Program For so long as any of the Notes are outstanding, the Company will employ as the Transfer Agent for the Common Stock and Shares a participant in the Depository Trust Company Automated Securities Transfer Program and cause the Common Stock to be transferable pursuant to such program.

  • Customer Accounts The Bank agrees to establish and maintain the following accounts ("Accounts"):

  • CUSTOMER SERVICE FUNCTIONS The Servicer shall handle all Customer inquiries and other Customer service matters according to the same procedures it uses to service Customers with respect to its own charges.

  • SECURITIES SYSTEMS The Custodian may deposit and/or maintain securities owned by a Portfolio in a U.S. Securities System in compliance with the conditions of Rule 17f-4 under the 1940 Act, as amended from time to time.

  • NSCC Solely with respect to orders for the creation or redemption of Creation Units through the Trust’s Clearing Process, the Participant as a Participating Party hereby authorizes the Transfer Agent to transmit to NSCC on behalf of the Participant such instructions, including share and cash amounts as are necessary with respect to the creation and redemption of Creation Units consistent with the instructions issued by the Participant to the Trust telephone representative identified in Attachments A and A-1 hereto (the “Trust Representative”). The Participant agrees to be bound by the terms of such instructions issued by the Transfer Agent and reported to NSCC as though such instructions were issued by the Participant directly to NSCC.

  • Merchant has the power and authority to authorize the automatic funds transfer provided for in the Merchant Agreement;

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