SELLER Business Systems definition

SELLER Business Systems as used in this clause means SELLER’s material management and accounting system, cost estimating system, accounting system, earned value management system, property management system, and purchasing system. If SELLER’s Business Systems are reviewed and approved by a Government agency, SELLER shall provide prompt notice to LOCKHEED MARTIN whenever there is a material change in the status of the Government’s approval or determination of adequacy of any of SELLER’s Business Systems.
SELLER Business Systems as used in this clause means Seller’s material management and accounting system, cost estimating system, accounting system, earned value management system, property management system, and purchasing system. When Seller’s Business Systems are reviewed and approved by a Government agency, Seller shall provide prompt notice to Buyer whenever there is a material change in the status of the Government’s approval or determination of adequacy of any of Seller’s Business Systems. Should the Government observe a deficiency in Seller’s Business Systems and if any of those systems produces data that is integral to the output of the Buyer, acting in its role as a prime to the Government or to another prime contractor, which may result in the Seller’s and/or Buyer’s Business Systems being disapproved, Seller shall be liable for and save Buyer harmless from any loss, damage, or expense whatsoever that Buyer may suffer.
SELLER Business Systems as used in this clause means SELLER’s material management and accounting system, cost estimating system, accounting system, earned value management system, property management system, and purchasing system. When SELLER’s Business Systems are reviewed and approved by a Government agency, SELLER shall provide prompt notice to BUYER

More Definitions of SELLER Business Systems

SELLER Business Systems as used in this clause means SELLER’s material management and accounting system, cost
SELLER Business Systems as used in this clause means Supplier’s material management and accounting system, cost estimating, accounting system, earned value management system, property management system, and purchasing system. If Supplier’s business systems are reviewed and approved by a Government agency, Supplier shall provide prompt notice to Flyer whenever there is a material change in the status of the Government’s approval or determination of adequacy of any of Supplier’s Business Systems.
SELLER Business Systems as used in this clause means SELLER’s material management and accounting system, cost estimating system, accounting system, earned value management system, property management system, and purchasing system. When SELLER’s Business Systems are reviewed and approved by a Government agency, SELLER shall provide prompt notice to BUYER whenever there is a material change in the status of the Government’s approval or determination of adequacy of any of SELLER’s Business Systems. Should the Government observe a deficiency in SELLER’s Business Systems and if any of those systems produces data that is integral to the output of the BUYER, acting in its role as a prime to the government or to another prime contractor, which may result in the SELLER’s and BUYER’S Business Systems being disapproved, SELLER shall be liable for and save BUYER harmless from any loss, damage or expense whatsoever the BUYER may suffer.
SELLER Business Systems as used in this clause means SELLER’s material management and accounting system, cost estimating system, accounting system, earned value management system, property management system, and

Related to SELLER Business Systems

  • Business Software means with respect to a Licensor, all Software (to the extent Controlled by such Licensor or any member of its Group as of the Effective Date), including all Know-How and Copyrights therein (but not in respect of any data included in any databases), that is used or held for use in, as of the Effective Date, the conduct of (i) the Spinco Business if the Licensee is Spinco, or (ii) the Remainco Business if the Licensee is Remainco, in each case (in respect of the foregoing (i) and (ii)), only if and to the extent such Licensee or any member of its Group have not been granted a license or other rights to use such Software under the Separation Agreement or any other Ancillary Agreement. Notwithstanding the foregoing, Business Software expressly excludes any and all Excluded IP.

  • Company IT Systems means all software, computer hardware, servers, networks, platforms, peripherals, and similar or related items of automated, computerized, or other information technology networks and systems (including telecommunications networks and systems for voice, data, and video) owned, leased, licensed, or used (including through cloud-based or other third-party service providers) by the Company or any of its Subsidiaries.

  • Micro Business means a company which meets one of the following criteria: consumes less than 293,000 kWh of gas a year, or consumes less than 100,000 kWh of electricity a year, or has fewer than ten employees (or their full-time equivalent) and an annual turnover or annual balance sheet total not exceeding 2m.

  • Information technology services means services designed to do any of the following:

  • Core Business means any material line of business conducted by the Company and its Subsidiaries as of the Closing Date and any business directly related thereto.

  • Computer software means computer programs, source code, source code listings, object code listings, design details, algorithms, processes, flow charts, formulae, and related material that would enable the software to be reproduced, recreated, or recompiled. Computer software does not include computer databases or computer software documentation.

  • Computer System means a computer and all input, output, processing, storage, off-line media libraries, and communication facilities which are connected to the computer and which are under the control and supervision of the operating system(s) or application(s) software used by the ASSURED.