Shared Systems definition

Shared Systems means those financial accounting, marketing, sales and similar systems and databases which are not set forth on Schedule 2.01 AND which are utilized by both the Business and the Retained Business.
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Shared Systems has the meaning set forth in the “Technology Governance” Schedule. Software or software means any computer programming code consisting of instructions or statements in a form readable by individuals (source code) or machines (object code), and related documentation and supporting materials therefore, in any form or medium, including electronic media.
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Shared Systems mean those systems which, as of the Closing, Sellers are executing in a production environment (as opposed to a test or development environment) and which support both the Business and other of Sellers' businesses. The inventory of Shared Systems is identified on Schedule 3.06(A).
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Examples of Shared Systems in a sentence

  • Notwithstanding the foregoing, prior to transfer of the Shared Systems pursuant to the IT Transition Plan, any upgrades, modifications or improvements to the Shared Systems that Sellers may have made between the Closing and the termination of the IT Services must be purchased by Purchaser or LLANY at Sellers' Fully Loaded Cost or each such upgrade, modification and improvement not so purchased may be removed at the sole discretion of Sellers.

  • Sellers will use their commercially reasonable efforts to assist and cooperate with Purchaser and LLANY in the orderly transfer of the Business, including without limitation, the Direct Systems and Shared Systems.

  • Sellers will, however, offer ongoing production support and transition-related services in connection with the Shared Systems.

  • Prior to delivery of the Direct Systems or Shared Systems to Purchaser or LLANY, Sellers shall arrange for and Purchaser and LLANY, on the one hand, and Sellers, on the other hand, shall share equally any license fees associated with the re-licensing, transfer or assignment of third party software license agreements from Sellers to Purchaser or LLANY.

  • PPM shall be responsible for payment of 68% of all costs associated with PPM’s obligations under the preceding paragraph, which costs shall include, without limitation, preventative and restorative maintenance, parts, PPM and contractor labor, and applicable fees for each of these Shared Systems (the “Shared Systems Costs”).

  • Sellers will maintain such systems in accordance with their own business objectives and, in no event, will Sellers upgrade, modify or change the Shared Systems to accommodate Purchaser's or LLANY's business needs.

  • GTC shall be responsible for payment of 32% of all Shared Systems Costs.

  • Shared Systems Costs Definition: "System Costs" can be defined as all costs incurred by One-Stop Partners for the period of the agreement, which are necessary for the provision of services and the operations of the One-Stop system.

  • GTC shall be invoiced monthly by PPM for its 32% share of the Shared Systems Costs, which invoice shall be payable by GTC to PPM within 30 days of receipt of such invoice.

  • The General Manager shall prepare standard operating procedures to govern the day-to-day management and operation of the Facility and its Shared Systems and Shared Employees (“Standard Operating Procedures”).


More Definitions of Shared Systems

Shared Systems has the meaning set forth in the “Technology Governance” Schedule. Software or software means any computer programming code consisting of instructions or statements in a form readable by individuals (source code) or machines (object code), and related documentation and supporting materials therefore, in any form or medium, including electronic media. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE COPY FILED HEREWITH OMITS THE INFORMATION SUBJECT TO A CONFIDENTIALITY REQUEST. OMISSIONS ARE DESIGNATED [ * * * ]. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. SOX Compliance Period means during the Term and continuing thereafter until the later of the (i) completion of the audit of Customer’s financial statements; and (ii) completion and filing with the SEC of Customer’s annual report on a Form 10-K (or any successor form), for the members of Customer Group required to file such Form, in each case for the fiscal year during which this Agreement expires or terminates.
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Shared Systems has the meaning set forth in Section 2.3.
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