Common use of Technology Systems Clause in Contracts

Technology Systems. (a) No action will be necessary as a result of the transactions contemplated by this Agreement to enable use of the electronic data processing, information, record keeping, communications, telecommunications, hardware, third party software, networks, peripherals, portfolio trading and computer systems, including any outsourced systems and processes, and Intellectual Property that are used by the Company (collectively, the “Technology Systems”) to continue by the Parent and the Buyer to the same extent and in the same manner that it has been used by the Company.

Appears in 1 contract

Samples: Merger Agreement (Four Oaks Fincorp Inc)

AutoNDA by SimpleDocs

Technology Systems. (a) No action will be necessary as a result of the transactions contemplated by this Agreement to enable use of the electronic data processing, information, record keeping, communications, telecommunications, hardware, third party software, networks, peripherals, portfolio trading and computer systems, including including, without limitation, any outsourced systems and processes, and any Intellectual Property that are is used by TBI or the Company Bank (collectively, the "Technology Systems”) to continue by "), following the Parent and the Buyer to the same extent and in the same manner that it has been used by the CompanyEffective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Community Bank Shares of Indiana Inc)

Technology Systems. (a) No action will be necessary as a result of the transactions contemplated by this Agreement to enable use of the electronic data processing, information, record keeping, communications, telecommunications, hardware, third party software, networks, peripherals, portfolio trading and computer systems, including including, without limitation, any outsourced systems and processes, and any Intellectual Property that are is used by the Company Bancorp or Peoples Bank (collectively, the "Technology Systems”) to continue by "), following the Parent and the Buyer to the same extent and in the same manner that it has been used by the CompanyEffective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Kentucky Bancshares Inc /Ky/)

Technology Systems. (a) No action will be necessary as a result of the transactions contemplated by this Agreement to enable use of the electronic data processing, information, record keeping, communications, telecommunications, hardware, third party software, networks, peripherals, portfolio trading and computer systems, including including, without limitation, any outsourced systems and processes, and any Intellectual Property that are is used by the Company MFC or MB (collectively, the “Technology Systems”) to continue by ), following the Parent and the Buyer to the same extent and in the same manner that it has been used by the CompanyClosing.

Appears in 1 contract

Samples: Agreement and Plan of Share (Kentucky Bancshares Inc /Ky/)

AutoNDA by SimpleDocs

Technology Systems. (a) No action will be necessary as a result of the transactions contemplated by this Agreement to enable use of the electronic data processing, information, record keeping, communications, telecommunications, hardware, third party software, networks, peripherals, portfolio trading and computer systems, including including, without limitation, any outsourced systems and processes, and any Intellectual Property that are is used by the Company FFKY or FFB (collectively, the “Technology Systems”) to continue by ), following the Parent and the Buyer to the same extent and in the same manner that it has been used by the CompanyClosing.

Appears in 1 contract

Samples: Agreement and Plan of Share Exchange (Community Bank Shares of Indiana Inc)

Technology Systems. (a) No action will be necessary as a result of the transactions contemplated by this Agreement to enable use of the electronic data processing, information, record keeping, communications, telecommunications, hardware, third party software, networks, peripherals, portfolio trading and computer systems, including any outsourced systems and processes, and Intellectual Property that are used by the Company First Commerce Entities (collectively, the “Technology Systems”) to continue by the Parent and the Buyer SBKC Entities to the same extent and in the same manner that it has been used by the CompanyFirst Commerce Entities.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Security Bank Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.