HFS Business definition

HFS Business means the business of the Companies and their Subsidiaries all as conducted on the date of this Agreement and which include providing core processing systems and services, business intelligence solutions, customer relationship management software, bank branch automation solutions, Internet and mobile banking services and lending and mortgage risk management software, analytics and compliance solutions to financial institutions.
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Examples of HFS Business in a sentence

  • Except as disclosed in Section 2.9 of the Company Disclosure Schedule, the assets of the Companies and their respective Subsidiaries together with the assets that are made available to the Buyer under the Transition Services Agreement are all of the material assets necessary and sufficient to operate, after the Closing, the HFS Business substantially in the manner presently operated by the Companies and their respective Subsidiaries.

  • Nothing contained in this Agreement shall (i) give Buyer, directly or indirectly, the right to control or direct the operations of the Companies or their Subsidiaries prior to the Closing or (ii) limit the ability of Seller to operate its businesses (other than the operations of the HFS Business which shall be conducted as required pursuant to the terms of this Agreement) subject to, in each case after the Closing, Sections 4.13 and 4.16.

  • Buyer acknowledges and agrees that all insurance coverage for the Companies, their Subsidiaries and the HFS Business under policies of Seller and its Affiliates (other than the Companies and their Subsidiaries and other than as set forth in Section 4.18(b)) shall terminate as of the Closing and no claims may be brought thereunder by Buyer or any of its Affiliates (including the Companies and their Subsidiaries) from and after the Closing for losses that occur after the Closing.