Online Services Business definition

Online Services Business means electronic information services providing access for computer users to "proprietary" content, services, entertainment and/or other information, to "open" services such as the Internet, the World Wide Web and/or a combination of the foregoing, including organization-specific LANs, WANs and Intranets, regardless of means of delivery or transport media.
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Examples of Online Services Business in a sentence

  • All severance and other obligations relating to employees of the CompuServe Online Services Business (whether or not AOL chooses to offer them employment) shall be a part of the CompuServe Liabilities, subject to the provisions of Section 1.7.

  • The determination of such value shall take into account any decrease in the overall value of the CompuServe Assets and the CompuServe Online Services Business which may result from the absence of or delay in delivering such Delayed Assets, but shall not otherwise take into account any indirect or consequential damages.

  • For purposes of this paragraph (d), the loss incurred by AOL or its designee shall be deemed to be the excess, if any, of the value of the CompuServe Assets and the CompuServe Online Services Business as of the Closing Date (after taking into account the assumption of the CompuServe Liabilities) over the value of the assets and rights actually transferred to AOL or its designee or designees hereunder (after taking into account the CompuServe Excluded Assets).

  • For purposes of this Section 1.11, the loss incurred by AOL or its designee(s) shall be deemed to be the excess, if any, of the value that the CompuServe Assets and the CompuServe Online Services Business would have had as of the Closing Date over the value thereof after taking into account such Material Adverse Change (and after taking into account, in each case, any effect on the CompuServe Liabilities to be assumed by AOL or its designee or designees as provided herein).

  • Notwithstanding the foregoing, if there should occur a Material Adverse Change with respect to the CompuServe Online Services Business, that shall not limit or affect the obligations of AOL to proceed with the transactions described herein, but the adjustment provision of Section 1.11 shall be applicable.

  • The determination of such value after taking into account such Material Adverse Change shall take into account any decrease in the overall value of the CompuServe Assets and the CompuServe Online Services Business resulting from such Material Adverse Change, but shall not otherwise take into account any indirect or consequential damages.

  • AOL shall determine the extent to which, and the terms on which, it may make stock options available to employees of the CompuServe Online Services Business who are employed by AOL, whether in exchange for existing options issued by CompuServe or otherwise, and WorldCom shall have no liability in respect thereof.

  • If, as of the Closing, there shall have been a Material Adverse Change with respect to the CompuServe Online Services Business, then WorldCom shall, or shall cause a WorldCom Entity to, pay to AOL or its designee(s), promptly following the Closing Date, an amount sufficient to compensate it for the loss incurred by it resulting from such Material Adverse Change.

  • On the Closing Date, WorldCom will transfer to AOL or its designee(s) good title to the CompuServe Assets and the CompuServe Online Services Business (except as provided in Section 1.4 in respect of Delayed Assets, if any), free and clear of any Lien or Other Encumbrances which would have a Material Adverse Effect with respect to the CompuServe Online Services Business.

  • WorldCom shall cause Block , the Block Entities (as defined in the CompuServe Agreement), CompuServe and the CompuServe Entities to perform their respective covenants and agreements set forth in the CompuServe Agreement as in effect on this date, to the extent that any of the foregoing may affect the CompuServe Assets, the CompuServe Online Services Business or the rights of AOL hereunder.