Year 2000 Procedures Clause Samples
Year 2000 Procedures. Promptly notify the Agent in the event that the Borrower discovers or determines that any computer application (including those of its suppliers, vendors and customers) that is material to its or any of its Subsidiaries' business and operations will not be Year 2000 Compliant in all material respects.
Year 2000 Procedures. The Borrower shall (i) review the areas within its business and operations which could be adversely affected by, and will develop and implement a program to address on a timely basis the Year 2000 Problem, and will make related appropriate inquiry of material suppliers and vendors and (ii) notify the Lender if any auditor, regulator or third party consultant has issued a management letter or other communication regarding the Year 2000 Problem, program or progress of the Borrower.
Year 2000 Procedures. It will
(i) review the areas within its and its subsidiaries' businesses and operations which would reasonably be expected to be adversely affected by, and will develop and implement a program to address on a timely basis, the Year 2000 Problem, and will make related appropriate inquiry of material suppliers and vendors and (ii) notify the Administrator and the Issuer if at any time it has any reason to believe (including information derived from a management letter or other communication from an auditor, regulator or third party consultant) that the "Year 2000 Problem" could reasonably be expected to have a material adverse effect on its business and operations or on its ability to perform its obligations under the agreement or under the other Transaction Documents or the collectibility of the Receivables."
Year 2000 Procedures. It will
(i) review the areas within its and its subsidiaries businesses and operations which would reasonably be expected to be adversely affected by, and will develop and implement a program to address on a timely basis, the Year 2000 Problem, and will make related appropriate inquiry of material suppliers and vendors and (ii) notify the Administrator and the Issuer if at any time it has any reason to believe (including information derived from a management letter or other communication from an auditor, regulator or third party consultant) that the "Year 2000 Problem" could reasonably be expected to have a material adverse effect on its business and operations or on its ability to perform its obligations under the agreement or under the other Transaction Documents or the collectibility of the Receivables."
(e) After giving effect to this Amendment, the Parallel Purchase Percentage and the Maximum Parallel Purchase of each Parallel Purchaser shall be as set forth under such Parallel Purchaser's name on Exhibit A hereto.