Retained IT definition
Retained IT means Information Technology owned by, or licensed to, the Sellers’ Group.
Retained IT means Information Technology included in Excluded Assets.
Retained IT means the Information Technology used to provide the Information Technology services to members of the Retained Group and any Information Technology used (other than incidentally) by any employee of any member of the Retained Group;
Examples of Retained IT in a sentence
Within forty-five (45) days after the end of each fiscal month of the Seller, the Seller will invoice the Purchaser for all IT Separation Costs incurred by the Seller and its Affiliates during such fiscal month that are required to be reimbursed under this Section 11.6. The first such invoice shall include a reasonable description of, and specify the amounts for, the Seller Retained IT Separation Costs.
More Definitions of Retained IT
Retained IT means computer hardware, software and networks used by a member of the Group prior to Completion and owned and controlled by a member of the Retained Group;