Information Technology Transition Costs definition
Information Technology Transition Costs means all costs and expenses, including but not limited to all consulting costs, licensing fees, royalties or lease buy out fees incurred by the Seller Parties or Purchaser or any of their respective Affiliates arising from the implementation, licensing, migration, set up, assignment or transfer of the data, information technology hardware, Intellectual Property and Software licenses, and subscriptions used in connection with the Business, in connection with the transfer of the Business to Purchaser under this Agreement, other than the costs incurred by Parent or any of its Affiliates in relation to the provision of information technology and data migration consulting services to be provided by Parent (or its Affiliates) to Purchaser (or its Affiliates) pursuant to the Transitional Services Agreement.
Examples of Information Technology Transition Costs in a sentence
For the avoidance of doubt, the obligation of Parent to provide such services up to an aggregate value of $90,000 pursuant to, and in accordance with, the Transitional Services Agreement will not in any way abrogate or diminish Purchaser’s obligation to assume and discharge the Information Technology Transition Costs.