Computer Assets definition
Examples of Computer Assets in a sentence
Renewal Lease Fee at the End of the Three Year Lease Cycle or the County Allocation will be reduced by the renewal lease fee established by the Leasing/Financing Vendor for the term the Leased Computer Assets are kept by the County.
To the Selling Parties' Knowledge, the computer systems, procedures, databases, software programs, and all other similar assets (the "Computer Assets") owned or leased by, or used in the Business are in good working order and are sufficient in all respects for the Business as now being conducted.
After the Distribution Date, however, Alco and Unisource shall use all reasonable efforts to effect the transition of support of the Alco Headquarters Computer Assets to employees of the Alco Group and support of the Unisource Headquarters Computer Assets to employees of the Unisource Group.
The equipment and the Computer Assets that are included in the Purchased Assets (the "Systems") are Year 2000 Compliant or, as to Systems that are not yet Year 2000 Compliant, all actions necessary to be taken by Sellers to make such Systems Year 2000 Compliant by June 30, 1999 have been taken by Sellers or their agents.
On or before the ----------------------------- Distribution Date, Alco shall transfer to Unisource ownership of the computer hardware and software identified on Exhibit D attached hereto and made a part --------- hereof (the "Unisource Headquarters Computer Assets").
On the Closing Date, Seller and Buyer will enter into the Computer Assets License Agreement pursuant to which Seller and Buyer will grant and be granted cross licenses, sublicenses, leases or subleases, as applicable, to utilize on the terms set forth in such agreement the Computer Assets utilized by Seller in the Healthcare Communications Business and certain Excluded Assets utilized by Buyer in the Computer Telephony Business.
Except as set forth in SCHEDULE 3.11, the Purchased Assets comprise all of the assets, properties and rights of every type and description, real, personal, tangible and intangible used by Seller in the Computer Telephony Business and, with the Services Agreement and the Computer Assets License Agreement, are sufficient for the continued conduct of the Computer Telephony Business after the Closing in substantially the same manner as conducted prior to the Closing.
Seller has conducted a review of its computer software, computer firmware, computer hardware (whether general or special purpose) and other similar or related items of automated, computerized or software systems that are used by the Business Entities in the conduct of the Business (the "Computer Assets").
The Computer Assets and the financial reporting policies and procedures of each of the Subject Companies are sufficient in all material respects for conducting timely, accurate and complete reporting of all financial transactions.
All hardware, firmware, Databases, Software and computer systems ("Computer Assets") comprising the Assets and the Companies' Assets and, to the Companies' knowledge, the Computer Assets of the Companies' suppliers that are used in the Business are, or will be on or prior to November 30, 1999, Year 2000 Compliant (as defined below) without incurring more than $250,000 of additional costs or expenses after the Closing Date.