Common use of Year 2000 Matters Clause in Contracts

Year 2000 Matters. Any reprogramming required to permit the proper functioning (but only to the extent that such proper functioning would otherwise be impaired by the occurrence of the year 2000) in and following the year 2000 of computer systems and other equipment containing embedded microchips, in either case owned or operated by any Credit Party or used or relied upon in the conduct of their business (including any such systems and other equipment supplied by others or with which the computer systems of any Credit Party interface), and the testing of all such systems and other equipment as so reprogrammed, has been completed. The costs to the Credit Parties that have not been incurred as of the date hereof for such reprogramming and testing and for the other reasonably foreseeable consequences to them of any improper functioning of other computer systems and equipment containing embedded microchips due to the occurrence of the year 2000 could not reasonably be expected to result in a Default of Event of Default or to have a Material Adverse Effect. Except for any reprogramming referred to above, the computer systems of the Credit Parties are and, with ordinary course upgrading and maintenance, will continue for the term of this Agreement to be sufficient for the conduct of their business as currently conducted.

Year 2000 Matters. Any reprogramming required to permit the proper functioning (but only to the extent that such proper functioning would otherwise be impaired by the occurrence of the year 2000) in and following the year 2000 of computer systems and other equipment containing embedded microchips, in either case owned or operated by the Borrower or any Credit Party of its Subsidiaries or used or relied upon in the conduct of their business (including any such systems and other equipment supplied by others or with which the computer systems of any Credit Party interfaceothers), and the testing of all such systems and other equipment as so reprogrammed, has been completedwill be completed by June 30, 1999. The costs to the Credit Parties Borrower and its Subsidiaries that have not been incurred as of the date hereof for such reprogramming and testing and for the other reasonably foreseeable consequences to them of any improper functioning of other computer systems and equipment containing embedded microchips due to the occurrence of the year 2000 could not reasonably be expected to result in a Default of or Event of Default or to have a Material Adverse Effect. Except for any reprogramming referred to above, the computer systems of the Credit Parties Borrower and its Subsidiaries are and, with ordinary course upgrading and maintenance, will continue for the term of this Agreement to be be, sufficient for the conduct of their business as currently conducted.

Year 2000 Matters. Any reprogramming required to permit the proper functioning (but only to the extent that such proper functioning would otherwise be impaired by the occurrence of the year 2000) in and following the year 2000 of computer systems and other equipment containing embedded microchips, in either case owned or operated by the Borrower or any Credit Party or used or relied upon of its Subsidiaries in the conduct of their business (including any such systems and other equipment supplied by others or with which the computer systems of any Credit Party interfaceothers), and the testing of all such systems and other equipment as so reprogrammed, has been completedwill be completed by September 30, 1999. The costs to the Credit Parties Borrower and its Subsidiaries that have not been incurred as of the date hereof for such reprogramming and testing and for the other reasonably foreseeable consequences to them of any improper functioning of other computer systems and equipment containing embedded microchips due to the occurrence of the year 2000 could not reasonably be expected to result in a Default of or Event of Default or to have a Material Adverse Effect. Except for any reprogramming referred to above, the computer systems of the Credit Parties Borrower and its Subsidiaries are and, with ordinary course upgrading and maintenance, will continue for the term of this Credit Agreement to be be, sufficient in all material aspects for the conduct of their business as currently conducted."

Year 2000 Matters. Any reprogramming required to permit the proper functioning (but only to the extent that such proper functioning would otherwise be impaired by the occurrence of the year 2000) in and following the year 2000 of computer systems and other equipment containing embedded microchips, in either case owned or operated by the Borrower or any Credit Party of its Domestic Subsidiaries or used or relied upon in the conduct of their business (including any such systems and other equipment supplied by others or with which the computer systems of any Credit Party interface), and the testing of all such systems and other equipment as so reprogrammed, has been completedcompleted as of the date hereof. The costs to the Credit Parties Borrower and its Domestic Subsidiaries that have not been incurred as of the date hereof Closing Date for such reprogramming and testing and for the other reasonably foreseeable consequences to them of any improper functioning of other computer systems and equipment containing embedded microchips due to the occurrence of the year 2000 could not reasonably be expected to result in a Default of or Event of Default or to have a Material Adverse Effect. Except for any reprogramming referred to above, the computer systems of the Credit Parties Borrower and its Domestic Subsidiaries are and, with ordinary course upgrading and maintenance, will continue for the term of this Agreement to be be, sufficient for the conduct of their business as currently conducted.

Year 2000 Matters. Any reprogramming required to permit the ----------------- proper functioning (but only to the extent that such proper functioning would otherwise be impaired by the occurrence of the year 2000) in and following the year 2000 of computer systems and other equipment containing embedded microchips, in either case owned or operated by Holdings, the Borrower or any Credit Party of its Subsidiaries or used or relied upon in the conduct of their business (including any such systems and other equipment supplied by others or with which the computer systems of any Credit Party interface)business, and the testing of all such systems and other equipment as so reprogrammed, has been completedwill be completed by December 31, 1999. The costs to Holdings, the Credit Parties Borrower and its Subsidiaries that have not been incurred as of the date hereof for such reprogramming and testing and for the other reasonably foreseeable consequences to them of any improper functioning of other computer systems and equipment containing embedded microchips due to the occurrence of the year 2000 could not reasonably be expected to result in a Default of or Event of Default or to have a Material Adverse Effect. Except for any reprogramming referred to above, the computer systems of Holdings, the Credit Parties Borrower and its Subsidiaries are and, with ordinary course upgrading and maintenance, will continue for the term of this Agreement to be be, sufficient for the conduct of their business as currently conducted.

Year 2000 Matters. Any reprogramming required to permit the proper functioning (but only to the extent that such proper functioning would otherwise be impaired by the occurrence of the year 2000) in and following the year 2000 of computer systems and other equipment containing embedded microchips, in either case owned or operated by the Borrower or any Credit Party of its Subsidiaries or used or relied upon in the conduct of their business (including any such systems and other equipment supplied by others or with which the computer systems of any Credit Party interfaceothers), and the testing of all such systems and other equipment as so reprogrammed, has been completedwill be completed by June 30, 1999. The costs to the Credit Parties Borrower and its Subsidiaries that have not been incurred as of the date hereof for such reprogramming and testing and for the other reasonably foreseeable consequences to them of any improper functioning of other computer systems and equipment containing embedded microchips due to the occurrence of the year 2000 could not reasonably be expected to result in a Default of or Event of Default or to have a Material Adverse Effect. Except for any reprogramming referred to above, the computer systems of the Credit Parties Borrower and its 48 43 Subsidiaries are and, with ordinary course upgrading and maintenance, will continue for the term of this Agreement to be be, sufficient for the conduct of their business as currently conducted.

Year 2000 Matters. Any reprogramming required to permit the proper functioning (but only to the extent that such proper functioning would otherwise be impaired by the occurrence of the year 2000) in and following the year 2000 of computer systems and other equipment containing embedded microchips, in either case owned or operated by the Borrower or any Credit Party of its Subsidiaries or used or relied upon in the conduct of their business (including any such systems and other equipment supplied by others or with which the computer systems of any Credit Party interfaceothers), and the testing of all such systems and other equipment as so reprogrammed, has been completedwill be completed by June 30, 1999. The costs to the Credit Parties Borrower and its Subsidiaries that have not been incurred as of the date hereof for such reprogramming and testing and for the other reasonably foreseeable consequences to them of any improper functioning of other computer systems and equipment containing embedded microchips due to the occurrence of the year 2000 could not reasonably be expected to result in a Default of or Event of Default or to have a Material Adverse Effect. Except for any reprogramming referred to above, the computer systems of the Credit Parties Borrower and its Subsidiaries are and, with ordinary course upgrading and maintenance, will continue for 61 56 the term of this Agreement to be be, in all material respects sufficient for the conduct of their business as currently conducted.

Year 2000 Matters. Any To the extent that the failure to do so could ----------------- reasonably be expected to result in a Material Adverse Effect, (a) any reprogramming required to permit the proper functioning (but only to the extent that such proper functioning would otherwise be impaired by the occurrence of the year 2000) in and following the year 2000 of computer systems and other equipment containing embedded microchips, in either case owned or operated by the Company or any Credit Party of its Subsidiaries or used or relied upon in the conduct of their business (including any such systems and other equipment supplied by others or with which the computer systems of the Company or any Credit Party interfaceof its Subsidiaries interface and which are material to the conduct, in the ordinary course, of business of the Company or any Subsidiary), and (b) the testing of all such systems and other equipment as so reprogrammed, has been completedwill be completed by December 31, 1999. The costs to the Credit Parties Company and its Subsidiaries that have not been incurred as of the date hereof for such reprogramming and testing and for the other reasonably foreseeable consequences to them of any improper functioning of other computer systems and equipment containing embedded microchips due to the occurrence of the year 2000 could not reasonably be expected to result in a Default of or Event of Default or to have a Material Adverse Effect. Except for any reprogramming referred to above, the computer systems of the Credit Parties Company and its Subsidiaries are and, with ordinary course upgrading and maintenance, will continue for the term of this Agreement to be be, reasonably sufficient for the conduct of their business as currently conducted.