Common use of Computer Equipment and Software Clause in Contracts

Computer Equipment and Software. 5.4.1 The Company has in force maintenance contracts for all items of computer hardware (including operating systems) and software support contracts for all items of software which it uses and there is no reason to believe that these maintenance and support contracts will not be renewed by the other contracting party upon their expiry (if so required by the Company) upon substantially similar terms to those now applicable. 5.4.2 The Company did not suffer any failures or breakdowns of or bugs in the computer hardware or software which it now uses during the year preceding the date of this agreement which had a material effect on the business of the Company. 5.4.3 The Company has operated and used all items of computer hardware used by it in accordance with the manufacturers recommendations including (without limitation) any recommendations as to environmental conditions and power supply.

Appears in 1 contract

Sources: Share Acquisition Agreement (Pharmacopeia Inc)

Computer Equipment and Software. 5.4.1 5.4.1. The Company has in force maintenance contracts for all items of computer hardware (including operating systems) and software support contracts for all items of software which it uses and there is no reason to believe that these maintenance and support contracts will not be renewed by the other contracting party upon their expiry (if so required by the Company) upon substantially similar terms to those now applicable. 5.4.2 5.4.2. The Company did not suffer any failures or breakdowns of or bugs in the computer hardware or software which it now uses during the year preceding the date of this agreement which had a material effect on the business of the Companyagreement. 5.4.3 5.4.3. The Company has operated and used all items of computer hardware used by it in accordance with the manufacturers recommendations including (without limitation) any recommendations as to environmental conditions and power supply.

Appears in 1 contract

Sources: Agreement for the Sale and Purchase of Shares (Pharmacopeia Inc)