Licensed System definition

Licensed System means, collectively:

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Licensed System means a sound broadcasting network or system or any part thereof which the Licensee is authorized to construct, operate and maintain in terms of this Licence;

Licensed System means Licensor’s then-current reservation system pursuant to which Licensor offers inventory of vacant rooms to the public.

Examples of Licensed System in a sentence

The Company shall be obligated to pay to BNY such fees and charges for access and use of any part of the Licensed System as may be set forth in the Fee Agreement and such fees and charges shall be paid in accordance with any applicable provisions set forth in the Main Agreement.
Company shall notify BNY immediately if Company has reason to believe that any person who is not an Authorized Person has obtained access to a Security Code or accessed or used the Licensed System, that an Authorized Person has accessed or used the Licensed System using Security Codes not assigned to that Authorized Person, that any other loss of confidentiality with respect to a Security Code has occurred or the security of the Licensed System has otherwise been breached.
Company may request that BNY, at Company’s expense, develop modifications to the software constituting a part of the Licensed System that BNY generally makes available to customers for modification (“Software”) that are required to adapt the Software for Company’s unique business requirements.
Company shall be responsible and solely liable for the cost or expense of regenerating any output or other remedial action if the Company, an Authorized User or an agent of either shall have failed to transmit properly and in the correct format any data or information, shall have transmitted erroneous or incorrect information or data, or shall have failed to timely verify or reconcile any such data or information when it is generated by the Licensed System (“Data Faults”).
The remedies provided in this Section 5.1 are the Company’s sole remedies for third party claims against the Company alleging infringement by the Licensed System.

More Definitions of Licensed System

Licensed System means the proprietary system(s) licensed by Client from FIS or an Affiliate of FIS, or other proprietary system(s) (including Client’s) utilized by Client from time to time for purposes of trade monitoring or operations.

Licensed System means any apparatus, assembly, device, or structure for producing or using a Licensed Product, with or for use with (or without) other accessories.

Licensed System means, collectively, (i) the functionalities, as of an applicable License Effective Date, of any one or more of the following which the Company is given the right to access and use by BNYM: (A) any mainframe transfer agent recordkeeping, processing and reporting computer systems utilized by BNYM to provide services to the Company, (B) any one or more components or subsystems of such mainframe systems, (C) any surround systems or subsystems owned or licensed by BNYM with which such mainframe systems either interface, provide or receive data, and (D) any one or more components of such systems or subsystems; including without limitation the systems, subsystems and components listed on Exhibit 1 (the "Functionalities"); (ii) Updates to a Functionality; (iii) General Upgrades to a Functionality, and (iv) Company Modifications (defined at Section 2.16).

Licensed System means the Telecommunication Systems for which the Licensee is granted the rights in this License.

Licensed System means transmission systems, switching or routing systems and other resources that permit the conveyance of signals either by wire, by radio, by optical or by other electromagnetic means, that the Licensee is authorized to construct and operate by virtue of this License.

Licensed System means the specific computer or computer system on which the Software under this Agreement is intended to run.

Licensed System means any public telecommunications system of any description (including a satellite uplink) which the BOCRA has authorised the Licensee to operate in accordance with Clause 2.