Common use of Year 2000 Reprogramming Clause in Contracts

Year 2000 Reprogramming. A project to complete on a timely basis all the reprogramming required to permit the proper functioning, in and following the year 2000, of (i) Newco's or any of its Subsidiaries' computer systems and (ii) equipment containing embedded microchips (excluding systems and equipment of third-parties with which Newco's or any of its Subsidiaries' systems interface) and the testing of all such systems and equipment, as so reprogrammed, has been implemented by Newco and its Subsidiaries. Neither Newco nor any of its Subsidiaries believes that the consequences of the year 2000 will pose significant operational problems for its computer systems.

Year 2000 Reprogramming. A project to complete on a timely basis all the reprogramming required to permit the proper functioning, in and following the year 2000, of (i) Newco's Holdings' or any of its Subsidiaries' computer systems and (ii) equipment containing embedded microchips (excluding systems and equipment of third-parties with which Newco's Holdings' or any of its Subsidiaries' systems interface) and the testing of all such systems and equipment, as so reprogrammed, has been implemented by Newco Holdings and its Subsidiaries. Neither Newco Holdings nor any of its Subsidiaries believes that the consequences of the year 2000 will pose significant operational problems for its computer systems.