PSL's Operations definition

PSL's Operations means the operations of Seller's Business (as defined under the "Background" caption on page one of this Agreement) with respect to the Global Plus and InfoHarbour products and services, as conducted by Seller just before Closing, and as conducted after Closing by the Buying Companies and their successors, assigns and affiliates, as such business operations may be expanded, contracted or otherwise changed after Closing as a result of (a) expansion or contraction of customer base; (b) development of product enhancements or improvements; (c) development of new releases or new versions of products having substantially similar functional capabilities and market scopes; (d) discontinuance of unsuccessful products, product enhancements, product releases or other projects, including, without limitation, any product development or enhancements related to large volume account processing as currently under discussion with State Street Bank and Trust and other customers and potential customers; and (e) other factors generally affecting Buyer's and/or SunGard's overall business or the computer services industry, in all cases subject to the applicable provisions of Section 9.5. For the purpose of the Earnout Payment, the revenues of PSL's Operations shall include: license fees, remote processing fees, data center fees, pricing service fees and other third party resales including but not limited to hardware and software resales, and professional services for implementation, customizations, maintenance and training with respect to the Global Plus and InfoHarbour Software systems, whether or not provided under the trade name "CogniSource". For the purposes of the Earnout Payment, the revenue of PSL's Operations shall not include any other professional services of Buyer or any affiliated company of Buyer, including but not limited to, any such professional services provided in conjunction with the trade name "CogniSource".
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Examples of PSL's Operations in a sentence

  • For the purposes of the Earnout Payment, the revenue of PSL's Operations shall not include any other professional services of Buyer or any affiliated company of Buyer, including but not limited to, any such professional services provided in conjunction with the trade name "CogniSource".

  • Revenues from software licenses and other customer Contracts of PSL's Operations will be recognized in accordance with the standard accounting practices and policies of Buyer's Parent (sometimes referred to hereinafter as "SunGard") in effect for the relevant period.

  • During the Earnout Period (as defined in Section 3.6), PSL's Operations (as defined in Section 3.6.5) shall be conducted in the ordinary course of business consistent with SunGard's standard business and financial procedures.