Common use of Software and IT Clause in Contracts

Software and IT. (a) The Company Entities’ Systems are reasonably sufficient and in sufficiently good working condition in all material respects for the current needs of the Business, including as to capacity, scalability, and ability to process current peak volumes in a timely manner.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Acamar Partners Acquisition Corp.)

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Software and IT. (a) The Company Entities’ Systems are reasonably sufficient and in sufficiently good working condition in all material respects for the current needs of the Business, including as to capacity, scalability, and ability to process current peak volumes in a timely manner. In all material respects, the Company Entities’ Systems are in sufficiently good working condition to perform all information technology operations and include sufficient licensed capacity (whether in terms of authorized sites, units, users, seats or otherwise) for all material software, in each case as necessary for the conduct of the Business.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Insurance Acquisition Corp.)

Software and IT. (a) The Company Entities’ Systems are reasonably sufficient and in sufficiently good working condition in all material respects for the current needs of the Business, including as to capacity, scalability, and ability to process current peak volumes in a timely manner. The Company Entities’ Systems are in sufficiently good working condition to perform all information technology operations and include sufficient licensed capacity (whether in terms of authorized sites, units, users, seats or otherwise) for all material software, in each case as necessary for the conduct of the Business, except as would not reasonably be expected to be material to the Company Entities, taken as a whole.

Appears in 1 contract

Samples: Agreement and Plan of Merger (INSU Acquisition Corp. II)

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Software and IT. (a) The Company Entities’ Systems Systems: (i) are reasonably sufficient and in sufficiently good working order and condition and are sufficient in all material respects for the current needs purposes for which they are used in the conduct of the Business, including as provided that, with respect to capacitythe Company Entities’ Systems licensed by the Company Entities from third parties, scalabilitysuch representation and warranty is made to the Company’s Knowledge, and ability to process current peak volumes (ii) include sufficient licensed capacity (whether in a timely mannerterms of authorized sites, units, users, seats or otherwise) for material software, in each case as necessary for the conduct of the Business as currently conducted.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Spartacus Acquisition Corp)

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