Common use of Year 2000 Reprogramming Clause in Contracts

Year 2000 Reprogramming. Except as disclosed in writing to Buyer, none of the (A) computer software, computer firmware, computer hardware (whether general or special purpose) or other similar or related items of automated, computerized or software systems and (B) equipment containing embedded microchips (including systems and equipment supplied by others) used or relied on by the Company in the conduct of its business has malfunctioned or, based on the Company's reasonable inquiry is expected to malfunction, cease to function, generate incorrect data or produce incorrect results when processing, providing or receiving date-related data from, into and between the year 1999 and earlier, and the year 2000 and thereafter, or date-related data in connection with any valid data in the twentieth and twenty-first centuries.

Appears in 2 contracts

Sources: Stock Purchase Agreement (1st Atlantic Guaranty Corp), Stock Purchase Agreement (SBM Certificate Co)