Common use of Year 2000 Problem Clause in Contracts

Year 2000 Problem. The Servicer (a) has reviewed the areas within ----------------- its business and operations which could be adversely affected by, and has developed or is developing a program to address on a timely basis, the Year 2000 Problem and (b) has made appropriate inquiries as to the effect the Year 2000 Problem will have on its material suppliers and customers. Based on such review, program and inquiries, the Servicer reasonably believes that the "Year 2000 Problem" will not have a Material Adverse Effect.

Appears in 2 contracts

Samples: Servicing Agreement (Compucom Systems Inc), Servicing Agreement (Safeguard Scientifics Inc Et Al)

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Year 2000 Problem. The Servicer (a) has reviewed the areas within ----------------- its business and operations which could be adversely affected by, and has developed or is developing a program to address on a timely basis, the Year 2000 Problem and (b) has made appropriate inquiries as to the effect the Year 2000 Problem will have on its material suppliers and customers. Based on such review, program and inquiries, risk that certain computer applications used by the Servicer reasonably believes that may be unable to recognize and perform properly date-sensitive functions involving dates prior to and after December 31, 1999 (the "Year 2000 Problem" "). The Year 2000 Problem will not have a result in any Material Adverse Effect.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Sunterra Corp)

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Year 2000 Problem. The Servicer (a) has reviewed the areas ----------------- within ----------------- its business and operations which could be adversely affected by, and has developed or is developing a program to address on a timely basis, the Year 2000 Problem and (b) has made appropriate inquiries as to the effect the Year 2000 Problem will have on its material suppliers and customers. Based on such review, program and inquiries, the Servicer reasonably believes that the "Year 2000 Problem" will not have a Material Adverse Effect.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Compucom Systems Inc)

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