Common use of Year 2000 Readiness Clause in Contracts

Year 2000 Readiness. The Servicer has reviewed the areas within its business and operations that could reasonably be expected to be adversely affected by the risk that computer applications used by it (or by its suppliers and vendors) to process any data related to this Agreement may produce materially adverse consequences in performing date-sensitive functions subsequent to any date after December 31, 1999 (such risk being referred to herein as the "Year 2000 Problem"). The Servicer is taking or causing to be taken reasonable measures to address the Year 2000 Problem on a timely basis. To the best of the Servicer's knowledge, the Year 2000 Problem will not materially and adversely affect the Servicer's ability to perform its obligations under this Agreement.