Common use of Year 2000 Problem Clause in Contracts

Year 2000 Problem. The Borrower and its Subsidiaries have (a) reviewed the areas within their businesses and operations which could be adversely affected by failure to become "YEAR 2000 COMPLIANT" (i.e. that computer applications, imbedded microchips and other systems used by the Borrower or any of its Subsidiaries, will be able properly to recognize and perform properly date-sensitive functions involving certain dates prior to and any date after December 31, 1999), (b) developed a detailed plan and timetable to become Year 2000 Compliant in a timely manner, and (c) committed adequate resources to support the Year 2000 plan of the Borrower and its Subsidiaries. Based upon such review, the Borrower reasonably believes that the Borrower and its Subsidiaries will become "Year 2000 Compliant" in a timely manner except to the extent that failure to do so will not have any materially adverse effect on the business or financial condition of the Borrower or any of its Subsidiaries.

Year 2000 Problem. The Borrower and its Subsidiaries have has (ai) reviewed the areas within their businesses its ---- ---- ------- business and operations which could be adversely affected by failure to become "YEAR Year 2000 COMPLIANTCompliant" (i.e. i.e., that computer applications, imbedded microchips and other systems used by the Borrower or any of its Subsidiariesmaterial vendors, will be able properly to recognize and perform properly date-sensitive functions involving certain dates prior to and any date after December 31, 1999), (bii) developed a detailed plan and timetable to become Year 2000 Compliant in a timely manner, and (ciii) committed adequate resources to support the Year 2000 plan of the Borrower and its SubsidiariesBorrower. Based upon such review, the Borrower reasonably believes that the Borrower and its Subsidiaries will become "Year 2000 Compliant" in a timely manner except to the extent that failure to do so will not have any materially adverse effect on the business or financial condition of the Borrower or any of its SubsidiariesBorrower.

Year 2000 Problem. The Borrower and its Subsidiaries have (ai) reviewed the areas within their businesses and operations which could be adversely affected by failure to become "YEAR Year 2000 COMPLIANTCompliant" (i.e. that computer applications, imbedded microchips and other systems used by the Borrower or any of its Subsidiaries, will be able properly to recognize and perform properly date-sensitive functions involving certain dates prior to and any date after December 31, 1999), (bii) developed a detailed plan and timetable to become Year 2000 Compliant in a timely manner, and (ciii) committed adequate resources to support the Year 2000 plan of the Borrower and its Subsidiaries. Based upon such review, the Borrower reasonably believes that the Borrower and its Subsidiaries will become "Year 2000 Compliant" in a timely manner except to the extent that failure to do so will not have any materially adverse effect on the business or financial condition of the Borrower or any of its Subsidiaries.