OPT System definition

OPT System means the multimedia information system installed at the location of the third-party customer, which displays audio and video information via internet and display screen of terminals at the business location of the third-party customer. This system is a media used by Party B to release advertisements and other contents.
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Examples of OPT System in a sentence

  • Both parties agree to make strategic cooperation with respect to OPT System through negotiation, where Party B shall open up the broadband TV market among third-party customer and develop, attract investment in, enter into contracts for, operate and maintain OPT System as well as carry out all other “oriental broadband TV” related business activities with OPT system.

  • During the period of construction and operation of the OPT System, if any personal injury or property damage occurs to any third party due to Party B’s fault or any problem in the quality of advertisement facility, the relevant economic and legal liabilities shall be undertaken by Party B and Party A will not be liable therefore.

  • Party B shall be responsible for installation, design and maintenance of the OPT System and pay all costs and expenses incurred therefrom.

  • Party B shall be responsible for development of third-party customers, seeking cooperation with third parties, signing contracts with third parties and installing, setting up, running and operating OPT System in stores of third-party customers.

  • Party A is entitled to transmit, store and display the contents with OPT System in cooperation purpose under this Contract.

  • Party A is entitled to review the contents displayed with OPT System.

  • During the business operation of Party B, it shall conduct regular inspection and maintenance on the advertisement facility of OPT System, ensure its equipment conform to the safety standards and ensure the safety and sanitation of its equipment.

  • Party A hereby undertakes that it has the lawful qualification or authorization to operate the broadband TV business, agrees Party B to develop, attract investment in advertisement business, run and operate the OPT System and agrees that Party B may negotiate and sign contract with any third-party customer regarding cooperation in the said business.

  • Party A agrees that it shall produce, review, provide and display the non-advertisement contents required by the OPT System according to the requirements of Party B, and shall ensure the lawfulness of all such contents.

  • The intellectual property right in the OPT System and the ownership of relevant hardware and equipment relating to the OPT System provided by Party B shall belong to Party B.

Related to OPT System

  • SDX System means the system used by NERC to exchange system data.

  • ▇▇▇▇▇ System means the ▇▇▇▇▇ filing system of the Commission and the rules and regulations pertaining thereto promulgated by the Commission in Regulation S-T under the Securities Act and the Exchange Act, in each case as the same may be amended or succeeded from time to time (and without regard to format).

  • UST system or “tank system” means an underground storage tank, connected underground piping, underground ancillary equipment, and containment system, if any.

  • IT System means the configuration of computer components comprising all the software owned by, or licensed to you by a third party (and any updates and enhancements to it), all hardware, telecommunications and network equipment used by you, together with any asset which relies in any respect on computer hardware or other information technology (whether embedded or not) which links the different parts of the system together;

  • TARGET2 System means the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) system or any successor thereto.