EDS Business definition
Examples of EDS Business in a sentence
Servicing procedures include responding to customer enquiries, managing and servicing the features and facilities available under the Housing Loans and the management of delinquent Housing Loans.The ServicerPrior to 2 December 2011, Westpac subcontracted certain of its servicing functions, including certain of its servicing obligations under the Servicing Agreement, to HP Enterprise Services BPA Pty Limited (formerly EDS (Business Process Administration) Pty Limited).
The Stock Take shall: (a) include plant spares and consumables relating to the EDS Business; and (b) be carried out in a manner consistent with the Seller’s past practice for verifying the EDS Inventory position of the Seller, including by means of physical sample stock checks of selected items of EDS Inventory in the same manner and to substantially the same extent as has been undertaken to verify the relevant EDS Inventory position of the Seller consistent with the Seller’s past practice.
There are no Actions pending, or to the Seller’s Knowledge, threatened or reasonably expected to be asserted, relating to the suspension, revocation or modification of any material Permit necessary for the conduct of the EDS Business in each case, except as would not, individually or in the aggregate, be material to the EDS Business, taken as a whole.
The Purchaser shall not propose adjustments to any line items in any of the Draft Statements to the extent that such adjustments involve a judgment as to the future earnings potential, prospects or feasibility of the EDS Business or other aspects of a forward-looking nature, provided that such judgment is consistent with past practice in determining the relevant line items in the relevant Draft Statements.
Each of the EDS Employees has been employed by a member of the Seller’s Group in the EDS Business for at least eighteen (18) months prior to the Signing Date or, if such EDS Employee has been employed by a member of the Seller’s Group for less than eighteen (18) months prior to the Signing Date, such EDS Employee has been employed in the EDS Business for the entire period of their employment by the Seller’s Group.
The Parties acknowledge that the EDS Entities will no longer be members of the Seller’s Group after Completion and as such will no longer be entitled to the rights and benefits to the extent inuring to the EDS Business under any such Shared Business Contracts.
To the Seller’s Knowledge, no person has claimed to be transferred, and no person has any grounds to assert a claim that they may or will transfer, to the Purchaser, any other member of the Purchaser’s Group and/or any of the EDS Entities other than the EDS Employees in connection with the purchase and sale of the EDS Business contemplated by this Agreement.
Chordiant shall comply with the EDS Business ---------------------- Practices set forth in Exhibit A.
Employee also warrants and represents that he/she has been advised of and agrees to comply with EDS' Business Code of Conduct, as amended from time to time, including EDS' policies against discrimination and harassment.
AlphaNet shall comply with the EDS Business Practices set forth in Exhibit A.