Common use of Year 2000 Representation Clause in Contracts

Year 2000 Representation. The Borrower (i) has undertaken a review of the areas within its respective businesses and operations and those of its subsidiaries that could be adversely affected by the Year 2000 Problem, (ii) has developed a plan to address the Year 2000 Problem and (iii) is taking actions necessary to meet the schedule and the goals of its plan to address the Year 2000 Problem and such actions have not had, or could not reasonably be expected to have, a Material Adverse Effect.

Appears in 1 contract

Sources: Credit Agreement (Hvide Marine Inc)

Year 2000 Representation. The Borrower Borrowers (i) has have undertaken a review of the areas within its their respective businesses and operations and those of its their respective subsidiaries that could be adversely affected by the Year 2000 Problem, (ii) has have developed a plan to address the Year 2000 Problem and (iii) is are taking actions necessary to meet the schedule and the goals of its plan to address the Year 2000 Problem and such actions will not have not had, or could not reasonably be expected to have, a Material Adverse Effect.

Appears in 1 contract

Sources: Credit Agreement (Philip Services Corp)