Common use of Year 2000 Problems Clause in Contracts

Year 2000 Problems. On or prior to April 1, 1999, each Loan Party shall implement Year 2000 Corrective Actions. On or before May 31, 1999, each Loan Party shall complete Year 2000 Corrective Actions and Year 2000 Implementation Testing. On or before August 31, 1999, each Loan Party shall eliminate all Year 2000 Problems, except where the failure to correct the same could not reasonably be expected to have a Material Adverse Effect, individually or in the aggregate.

Year 2000 Problems. On or prior to October 31, 1998, each Loan Party shall complete and deliver to Agent a Year 2000 Assessment, and on or prior to January 31, 1999, each Loan Party shall complete and deliver to Agent a Year 2000 Corrective Plan. On or prior to April 1, 1999, each Loan Party shall implement Year 2000 Corrective Actions. On or before May 31, 1999, each Loan Party shall complete Year 2000 Corrective Actions and Year 2000 Implementation Testing. On or before August 31, 1999, each Loan Party shall eliminate all Year 2000 Problems, except where the failure to correct the same could not reasonably be expected to have a Material Adverse Effect, individually or in the aggregate.