BRASS System definition
Examples of BRASS System in a sentence
Customer shall fully cooperate with ASC's maintenance efforts, including, without limitation, by giving ASC prompt telephonic notice of any and all problems in the operation of the BRASS System that Customer detects or of which Customer is aware, and by taking whatever action at Customer's Premises that ASC reasonably requests in order to correct problems with the operation of the BRASS System.
ASC shall provide to Customer all documentation required to allow Customer to use and operate the BRASS System in accordance with, and subject to, all of the terms, conditions and provisions of this Agreement.
ASC will provide comprehensive ---------------------- training and education to Customer's order entry and execution terminal operators on the actual use of the BRASS System; provided, however, that Customer will bear the expenses for travel and accommodations incurred by ASC in providing such training and education.
For the purpose of enabling ASC to perform its obligations under Sections 8 and 9 hereof, Customer agrees to provide ASC, at Customer's sole cost and expense, with a dedicated line to access the BRASS System at Customer's premises which will enable ASC from its facility in Weehawken, New Jersey, to diagnose a promblem with the operation of the Brass System at Customer's Premises.
By the Closing Date, Seller shall deposit into escrow with a standard escrow provider for a period of three (3) years a copy of the Brut ECN Software, the BRASS System, UMA, U2 and X2, in each case, as such Software exists as of the date of this Agreement and an independent party hired by Buyer, reasonably acceptable to Seller, may have reasonable access to such escrowed Software in order to facilitate compliance with the terms of this Agreement.
In connection --------------------------------------------- with the expiration of the Daily Operations Support Term and all renewals thereof, ASC will provide comprehensive training and education to Customer's data processing personnel on the structure, design and internal coding conventions of the BRASS System applications, provided, however, that Customer will bear the expenses for travel and accommodations incurred by ASC in providing such training and education.
Customer will be solely responsible for the NASDAQ and stock exchange service charges associated with the implementation of the BRASS System, the cost of the installation of the telephone lines and the leased line charges and dial back-up charges from the ASC data center to Customer's processing facility and trading location, and the cost of all ancillary services rendered by third-parties in connection with Customer's use of the BRASS System.
Customer shall use its best efforts to achieve execution through the BRASS System of no less than five thousand (5,000) trades per day until such time as the BRASS System has been deemed accepted in accordance with this Section 7(e).
The fees set forth in this Agreement and in any ----- schedules attached hereto are exclusive of all sales or use taxes levied on the License of the BRASS System or any of the services or support to be provided by ASC hereunder, however designated and levied by any state, local or federal government.
A schedule of the one-time installation charge for the telephone lines and the current fees charged for the telephone lines and the current fees charged by third parties in connection with the Customer's use of the BRASS System is set forth on Schedule "C" attached hereto.