Asset Allocation Matrix definition
Examples of Asset Allocation Matrix in a sentence
Schedule I (Asset Allocation Matrix) defines the Parties’ respective responsibilities for the operation and management of the Software, Equipment and other Assets supported by, or necessary to provide, the Services.
To the extent expressly provided in the Asset Allocation Matrix, Provider agrees to maintain the Assets in accordance with manufacturer recommendations, industry standards and as necessary to ensure that such Assets have sufficient capacity to allow Provider to perform its responsibilities under the Service Agreements and achieve the Service Levels.
The Asset Allocation Matrix may be modified only in accordance with the Change Control Procedures.
At its expense (including the costs associated with disposing of displaced/outdated Assets), Provider will refresh the Assets in accordance with the refresh requirements and schedule set forth in the Asset Allocation Matrix and any additional terms set forth in a Service Agreement regarding refresh.
Each Party will have the responsibility and obligation to provide and administer, manage, support, maintain and pay for the resources (including personnel, hardware, software, facilities, services and other items, however described) specified in the Statements of Work and Asset Allocation Matrix necessary or appropriate for Supplier to provide, perform and deliver the Services as described in the Agreement.
At its expense, Supplier will refresh the Assets for which it is assigned refresh responsibility in the refresh schedule (the “Refresh Schedule”) of the Asset Allocation Matrix.
Accordingly, as provided in that “Charges” Schedule, Supplier may require, as a condition precedent to its obligations under the Asset Allocation Matrix, that any Cost Plus Assets be procured as Other Products and Services under Section 7 of such “Charges” Schedule and paid for by Customer in advance of Supplier’s obtaining or agreeing to obtain such Cost Plus Assets.
Unless otherwise set forth in the Asset Allocation Matrix, Supplier shall be responsible for all costs of any software license or sub-license held by Supplier to use any Software necessary to provide the Services.
The following Schedules are attached hereto and are hereby incorporated by reference: A Services Description/Responsibility Matrix B Reserved C Service Level Agreement D Charges E Transition Plan F Customer Software G Supplier Software H Third-Party Agreements I Asset Allocation Matrix J Technical Configuration K Disaster Recovery Requirements L Deviations from Terms of Master Agreement M Supplier Subcontractors N Termination Assistance Services O Termination Charges Accepted by: Accepted by: MIVA, Inc.
For purposes of this paragraph (i), “reasonable currency” means, with respect to any Operating System Software that Supplier uses in performing Services, that Supplier has installed the maintenance release of such Operating System Software that is at least within one (1) release of the most current commercially available release of such Operating System Software within the time frame set forth in the applicable Statement of Work and Asset Allocation Matrix.