Purchased IT Assets definition

Purchased IT Assets means the IT Assets set forth on Section 1.1(f) of the Seller Disclosure Letter (but for clarity, excluding any Intellectual Property incorporated therein) and any other IT Assets which in the course of such IT Asset’s lifespan have predominantly related to the Business.

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Purchased IT Assets has the meaning set forth in 2.01(l).

Purchased IT Assets means the IT Assets included in the Purchased Assets. “Purchaser Material Adverse Effect” means any event, change, effect, condition, state of facts or occurrence (regardless of whether such event, change, effect, condition, state of facts or occurrence constitutes a breach of any representation, warranty or covenant of Purchaser hereunder) which has had or would reasonably be expected to have, individually or when considered together with any other event, change, effect, condition, state of facts or occurrence, a material and adverse effect on the ability of Purchaser to consummate the Transactions or perform its obligations under this Agreement.

Examples of Purchased IT Assets in a sentence

• Except as set forth on Section 3.06(c) of the Disclosure Schedules, the Purchased IT Assets are reasonably sufficient for the immediate and anticipated future needs of the operations of the Stations as currently conducted.

• The Purchased Assets together with the Purchased IT Assets and the Leases and Licenses contain all of the computer software and rights with respect to computer software necessary to operate SCI's business as currently conducted.

• Subject to fulfillment or waiver by SCI of the conditions set forth in Article 10 below, SCI will transfer all right, title, ownership and any other benefit in the Purchased Assets, the Purchased IT Assets and, to the extent transferable, the Leases and Licenses, free and clear of all Encumbrances (except those disclosed in Schedule 4.1(a)), to OSKK on the Closing Date.

• There shall have been no change or changes with respect to the Purchased Assets, the Purchased IT Assets, the assets subject to the Leases and Licenses or the business currently conducted by SCI having a Material Adverse Effect.

• Insurance Claims Section 4.01 Conduct of the Business Section 12.01 Knowledge Section 12.01(a) Permitted Liens Section 12.01(b) Purchased IT Assets This ASSET PURCHASE AGREEMENT (this “Agreement”), dated as of March 25, 2013, is by and between Mexichem Specialty Resins Inc., a Delaware corporation (“Purchaser”), and PolyOne Corporation, an Ohio corporation (“Seller”).

• SCI shall not permit any third party other than OSKK and its Affiliates (if so instructed by OSKK) to use, receive any benefit from, or obtain security interests over, the Purchased Assets or, upon their acquisition by SCI, the Purchased IT Assets.

• SCI shall use its best efforts prior to the Closing Date to transfer to OSKK on the Closing Date: (i) any applicable manufacturer's warranties with respect to the Purchased Assets, and (ii) any applicable manufacturer's and/or third party licensor's warranties with respect to the Purchased IT Assets.

• SCI has full corporate power and authority to own and use the Purchased Assets and the Purchased IT Assets (subject to Article 2.3) and to carry on its business as currently conducted.

• In addition, SCI shall provide OSKK with prompt written notice if between the Effective Date and the Payment Date, there is a change in the Purchased Assets, the Purchased IT Assets, the assets subject to the Leases and Licenses or its business which has or may be reasonably expected to have a Material Adverse Effect.

More Definitions of Purchased IT Assets

Purchased IT Assets means all IT Assets that are included in the Purchased Assets.

Purchased IT Assets means Hardware, computer systems, servers, network equipment, software, code, firmware, middleware, workstations, routers, hubs, data communication lines, all other information technology equipment and all associated documentation, in each case, owned or used by Seller in the operation of the Business.

Purchased IT Assets means the IT Assets set forth on S ection 1.1(f) of the Seller Disclosure Letter (but for clarity, excluding any Intellectual Property incorporated therein) and any other IT Assets which in the course of such IT Asset’s lifespan have predominantly related to the Business.

Purchased IT Assets has the meaning set forth in clause (b)(iii) of the definition of “Purchased Assets.”

Purchased IT Assets has the meaning specified in Article 2.3(a) hereof; provided, however, for purposes of this Agreement, Purchased IT Assets are neither Tangible Fixed Assets nor Intangible Assets nor Purchased Assets.