Common use of Year 2000 Readiness Clause in Contracts

Year 2000 Readiness. The Company has conducted a review of each System used in the conduct of the business and operations of the Company and its Subsidiaries to determine whether such System is Year 2000 Ready, and is currently implementing a compliance plan that the Company believes will result in each material System being Year 2000 Ready in all material respects no later than December 31, 1999. Each action to have been taken prior to the date of this Agreement under such plan has been substantially completed and, as of the date of this Agreement, the Company has no Knowledge indicating that any action to be taken under such plan after the date of this Agreement will be materially delayed or will fail to accomplish its purpose under the plan. "System" shall mean all software, hardware and firmware, including without limitation any devices with embedded electronics. A system is "Year 2000 Ready" if it is able to accurately process date and time data from, into and between the years 1999 and 2000, and any other year through the year 2049.

Year 2000 Readiness. The Company has conducted a review of each System used in the conduct of the business and operations of the Company and its Subsidiaries to determine whether such System is Year 2000 Ready, and is currently implementing a compliance plan that the Company believes will is intended to result in each material System being Year 2000 Ready in all material respects no later than December 31, 1999. Each action to have been taken prior to the date of this Agreement under such plan has been substantially completed and, as of the date of this Agreement, the Company has no Knowledge knowledge indicating that any action to be taken under such plan after the date of this Agreement will be materially delayed or will fail to accomplish its purpose under the plan. "System" shall mean all software, hardware and firmware, including without limitation any devices with embedded electronics. A system is "Year 2000 Ready" if it is able to accurately process date and time data from, into and between the years 1999 and 2000, and any other year through in the year 204920th and 21st centuries.