Examples of Covisint Business in a sentence
For purposes of clarity, the Assumed Liabilities only include such liabilities and obligations that relate to the Transferred Assets or the Covisint Business that are liabilities or obligations of Compuware and do not include any liabilities or obligations of any Compuware Entity that is organized in a foreign jurisdiction.
After any such compromise, settlement, consent to entry of judgment or entry of judgment, Compuware shall reasonably and fairly allocate to Covisint and Covisint shall be responsible for Covisint’s proportionate share of any such compromise, settlement, consent or judgment attributable to the Covisint Business, the Covisint assets or the Covisint Liabilities, including its proportionate share of the costs and expenses associated with defending same.
The Transferred Assets, together with the rights provided under the Shared Services Agreement and the Intellectual Property Agreement, shall enable Covisint to operate the Covisint Business after the Closing in substantially the same manner as operated prior to such transfer.
The Transferred Assets include all of the material assets (whether tangible or intangible) used in the operation of the Covisint Business, other than those assets which shall continue to be owned by Compuware and which shall be part of the services and/or software to be provided to Covisint by Compuware pursuant to the Shared Services Agreement and the Intellectual Property Agreement (as such terms are defined in the Master Separation Agreement).
Thereafter, any Party wishing to dispose of Covisint Business Records in its possession (after the expiration of the applicable statute of limitations), shall provide written notice to the other Party describing the documentation proposed to be destroyed or disposed of sixty (60) business days prior to taking such action.
Internal LedgersDespite the existence of a University account, your organization’s Treasurer must maintain a separate, detailed “internal” ledger to track revenues and expenses.
It is expressed as a percentage of Sum Assured or Sum Assured plus accrued bonus.
Compuware and Covisint shall agree on the manner, method, and amount of payment for all payroll, bonuses, retirement and profit-sharing plans, commissions, and other employee benefits and payments agreed to on behalf of the Covisint Employees (including those individuals who were providing services directly to the Covisint Business prior to the Effective Date) for the period from the Effective Date through the Distribution Date.
The Parties hereto agree (i) to report all Tax deductions with respect to Retained Covisint Compensation Items consistently with this Section 9.02(a), to the extent permitted by the Tax law and (ii) that such Tax deductions shall not be considered Tax deductions of Covisint or any Covisint Affiliate for purposes of computing the Covisint Separate Tax Liability or Covisint Separate Tax Assets or Taxes related to the Covisint Business.