Common use of Year 2000 Readiness Clause in Contracts

Year 2000 Readiness. Service Provider (a) has reviewed its departments, ------------------- divisions, groups, business and operations, (b) has developed or is developing a program to remediate or replace computer applications and systems, and (c) has developed a testing plan to test the remediation or replacement of computer application and systems, in each case, to address on a timely basis the risk that certain computer applications and systems used by Service Provider may be unable to recognize and perform properly date sensitive functions involving dates prior to and after December 31, 1999, including dates such as February 29, 2000 (the "Year 2000 Challenge"). To the best of Service Provider's knowledge and belief, the reasonably foreseeable consequences of the Year 2000 Challenge will not adversely effect Service Provider's ability to perform its duties and obligations under this Agreement.

Appears in 2 contracts

Sources: Services Agreement (Blackrock Inc /Ny), Services Agreement (Blackrock Inc /Ny)