IT Systems definition

IT Systems means Software, computer firmware or middleware, computer hardware, electronic data processing and telecommunications networks, network equipment, interfaces, platforms, peripherals, computer systems, co-location facilities, including any outsourced systems and processes, in each case, that are owned, leased, licensed by, or otherwise relied on by either the Company, Acquiror or any of their respective Subsidiaries.

IT Systems shall have the meaning ascribed to such term in Section 3.1(qq).

IT Systems means the information technology and computer systems (including all Software, hardware, firmware, electronic data processing, information, record keeping, communications, telecommunications, networks, interfaces, platforms, servers, peripherals, and including all network information technology and telecommunication hardware and other equipment) relating to the transmission, storage, maintenance, organization, presentation, generation, processing or analysis of data and information (whether or not in electronic format) used in or necessary to the Business or owned, leased or licensed by any Group Company.

Examples of IT Systems in a sentence

• The Company and its Subsidiaries have implemented commercially reasonable physical, technical and administrative controls, policies, procedures, and safeguards to maintain and protect their material confidential information and the integrity, continuous operation, redundancy and security of all IT Systems and data, including “Personal Data,” used in connection with their businesses.

• Subject to Applicable Law and the Confidentiality Agreement, no earlier than five (5) Business Days prior to the Closing, at the request of Buyer, Seller shall provide reasonable access to the Shanghai Store and the Korea Store (each as defined in the Disclosure Schedule) for the purpose of allowing the Buyer to implement Buyer’s cash machine and related IT Systems in the Shanghai Store and the Korea Store, as applicable.

• The Company and the Subsidiaries have implemented and maintained commercially reasonable safeguards designed to maintain and protect its material confidential information and the integrity, continuous operation, redundancy and security of all IT Systems, including backup and disaster recovery plans.

• The Company and its Subsidiaries are presently in material compliance with all applicable laws or statutes and all judgments, orders, rules and regulations of any court or arbitrator or governmental or regulatory authority, internal policies and contractual obligations relating to the privacy and security of IT Systems and Personal Data and to the protection of such IT Systems and Personal Data from unauthorized use, access, misappropriation or modification.

More Definitions of IT Systems

IT Systems means all computer systems, programs, networks, software and hardware used to process, store, maintain and operate data, information and functions used in connection with the Business or the Loans.

IT Systems means all electronic data processing, information, recordkeeping, communications, telecommunications, account management, inventory management and other computer systems (including all computer programs, software, databases, firmware, hardware and related documentation) and Internet websites.

IT Systems means all computer hardware (including hardware, firmware, peripherals, communication equipment and links, storage media, networking equipment, power supplies and any other components used in conjunction with such), data processing systems, Software, and all other information technology equipment owned or controlled by the Company and used in the operation of its business.

IT Systems has the meaning set forth in Section 4.17(e).

IT Systems means the information and communications technologies used by the Business, including hardware, Software and networks.

IT Systems has the meaning specified in Section 3.27.

IT Systems has the meaning set forth in Section 3.10(g).