IT Systems definition
Examples of IT Systems in a sentence
The Company and its subsidiaries have implemented and maintained commercially reasonable controls and safeguards appropriate to the size and nature of their businesses designed to (i) protect information stored on their IT Systems that constitutes “personal data,” “personal information,” or any similar term under applicable law (collectively “Personal Data”) and (ii) maintain the integrity, continuous operation, redundancy and security of all IT Systems used in connection with their businesses.
The Company IT Systems are adequate for, and operate and perform in all material respects as required in connection with, the operation of the business of the Company as currently conducted except as would not be reasonably expected, individually or in the aggregate, to have a Material Adverse Effect.
None of the Target Companies has experienced within the past two years any material disruption to, or material interruption in, the conduct of business attributable to a defect, bug, breakdown or other failure or deficiency of the IT Systems.
To the knowledge of the Company, there have been no material breaches, violations, outages or unauthorized uses of or accesses to their IT Systems, except for those that have been remedied or those the Company reasonably expects to be remedied, in each case without material cost or liability or the duty to notify any other person.
The Quantinuum Parties and their respective subsidiaries have not been notified of and are otherwise unaware of any event that would reasonably be expected to result in any Breach of their IT Systems and Data.