Licensed Information Technology definition
Licensed Information Technology means all computer hardware, software, databases, networks and other information technology assets that have been licensed by the Transferred Business and used by or are necessary to conduct (in each case not exclusively or predominantly) the Transferred Business as conducted on the Closing Date.
Examples of Licensed Information Technology in a sentence
The Transferred Information Technology and the Licensed Information Technology used by the Transferors or Transferred Companies has the capacity and performance necessary to meet, in all material respects, the requirements of the Transferred Business.