Examples of Seller IT Assets in a sentence
The Seller IT Assets (i) operate and perform in all material respects in accordance with their documentation and functional specifications and otherwise as required by the Sellers in connection with its business as currently conducted and(ii) to the Knowledge of the Sellers, have not materially malfunctioned or failed within the past two (2) years.
EFRAG acknowledges that there are potential benefits of a broader scope; however, a broader scope would result in a number of challenges, mainly deriving from the need to provide sufficient disclosure for users and to consider whether the needs of users of financial statements of smaller and non-listed entities are the same across category of users, including when the entity is not a subsidiary.
Except for scheduled or routine maintenance, the Seller IT Assets are fully available for use by Seller.
Seller has taken commercially reasonable actions to protect the integrity and security of the Seller IT Assets, and the information and data of the Business (including any personally identifiable information) stored thereon from unauthorized use, access, or modification by third parties.
All vendors, processors, subcontractors and other Persons acting for or on behalf of Seller in connection with the Processing of Personal Information or that otherwise have been authorized to have access to the Seller IT Assets or the Personal Information in the possession or control of Seller comply, and since January 1, 2019, have complied, in each case, in all material respects, with the Data Privacy/Security Requirements.
All Seller IT Assets (i) are free from material bugs, errors or other defects and (ii) do not contain any virus, malware, ransomware, Trojan horse, worm, back door, time bomb, drop dead device or other program, routine, instruction, device, code, contaminant, logic or effect designed or intended to disable, disrupt, erase, enable any Person to access without authorization, or otherwise materially and adversely affect the functionality of, any such Seller IT Asset, or any spyware or adware.
In the year prior to the date hereof, there has been no failure of any Seller IT Assets which has caused any disruption to the Business, except as is not, and would not reasonably 27 be expected to be, material to Seller or the Business.