Business IT Assets definition

Business IT Assets means computer Software, systems, servers, computers, hardware, firmware, middleware, networks, data communications lines, routers, hubs, switches and all other information technology equipment, and all associated documentation, in each case, used or held for use in connection with, the Business.

Business IT Assets has the meaning set forth in Section 5.19(e).

Business IT Assets means all IT Assets that (i) are owned by or under obligation of assignment to any Seller, or (ii) a Seller is licensed or otherwise permitted by other Persons to use pursuant to the Business IP Agreements, in each case of (i) and (ii), that relate to, are used, useful or held for use in, or have been acquired in connection with the operation of the Business.

Examples of Business IT Assets in a sentence

• There have not been any Security Breaches with respect to Personal Information or Sensitive Information held by or on behalf of any Group Company or with respect to Business IT Assets.

• The Business IT Assets have not malfunctioned or failed in the past three (3) years, except for malfunctions or failures that would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect.

• To the Knowledge of the Warranting Party, the operation of its Business and the use of its Business Intellectual Property, Business IT Assets and Business Products in connection therewith do not infringe, misappropriate or otherwise violate or conflict with the Intellectual Property rights of any other Person.

• The WABO office will forward the report to the TCD Committee Chair and may include it in the next WABO newsletter.

• The Business IT Assets are free from material bugs and other defects, have not materially malfunctioned or failed within the past eighteen (18) months, and do not contain any viruses, Trojan horses, malware or similar devices.

More Definitions of Business IT Assets

Business IT Assets has the meaning set forth in Section 7.05(b)(iv).

Business IT Assets means (x) the IT Assets owned or licensed from third parties by Seller Parent or any of its respective Subsidiaries that are exclusively used or exclusively held for use in connection with the Business and (y) with respect to the Acquired Entities, all of the IT Assets of such Acquired Entities other than the Assets set forth on Section 1.1(EU) of the Seller Disclosure Schedule.

Business IT Assets means all (i) Transferred IT Assets, (ii) IT Assets owned by the Purchased Controlled Companies (“Controlled Business IT Assets”) and (iii) IT Assets owned by the Purchased Non-Consolidated Ventures (“Other Business IT Assets”).

Business IT Assets means the IT Assets owned or licensed from third parties by any Acquired Company.

Business IT Assets means any and all IT Assets that are owned, used or held for use by Seller or its applicable Affiliates in connection with the Business.

Business IT Assets means all IT Assets related to, or used or held for use in, the Business, including pursuant to outsourced or cloud computing arrangements.

Business IT Assets means all IT Assets used by the Sold Companies or Sold Subsidiaries in the operation of the Business, excluding any IT Assets for which access or use will be provided under the Transition Services Agreement.