Year 2000 Compatibility definition

Year 2000 Compatibility refers to the ability of computer systems and non-computing equipment containing embedded microchips to perform properly date sensitive functions and to avoid any Year 2000 Problem.

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Year 2000 Compatibility. Borrower and ▇▇▇▇▇▇ shall take all action necessary to assure that their respective computer based systems are able to operate and effectively process data including dates on and after January 1, 2000. Please complete and sign the Year 2000 Schedule attached hereto as Exhibit E and return it to Lender with this Commitment.

Year 2000 Compatibility. (and variations thereof) means, with respect to any Computer System, that such Computer System (i) records, stores, processes and provides true and accurate dates and calculations for dates and spans of dates, (ii) is and will be able to operate on a basis comparable to its current operation during and after calendar year 2000 A.D., including, but not limited to, leap years, and (iii) shall not end abnormally or provide invalid or incorrect results as a result of date data which represents or references (or fails to represent or reference) different centuries or more than one century. Any reference in this Agreement to a statute shall be to such statute, as amended from time to time, and to the rules and regulations promulgated thereunder. The words "include," "includes" and "including" shall be deemed to be followed by the phrase "without limitation."

Examples of Year 2000 Compatibility in a sentence

At the request of the Deal Agent, the Backup Servicer and Collateral Custodian shall provide assurance acceptable to the Deal Agent of the Backup Servicer and Collateral Custodian's Year 2000 Compatibility.
The disclosure as to Year 2000 Compatibility issues in the Company's Quarterly Report on Form 10-Q for the period ended September 30, 1999, is true and correct in all material respects and does not omit to state a material fact necessary to make the statements contained therein not misleading.
At the request of the Deal Agent or the Backup Servicer, the Servicer shall provide assurance reasonably acceptable to the Deal Agent or the Backup Servicer of the Servicer's Year 2000 Compatibility.
The Backup Servicer and Collateral Custodian shall take all action necessary to assure that, prior to January 1, 2000, the Backup Servicer and Collateral Custodian's computer system is able to operate and effectively process data including dates on and after January 1, 2000 ("Year 2000 Compatibility").
Year 2000 Compatibility............................................
At the request of the Deal Agent or the Backup Servicer, the Seller shall provide assurance reasonably acceptable to the Deal Agent or the Backup Servicer of the Seller's Year 2000 Compatibility.
Year 2000 Compatibility 60 ARTICLE XI NEGATIVE COVENANTS SECTION 11.1. Incurrence of Debt 61 SECTION 11.2. Restricted Payments 61 SECTION 11.3. Negative Pledge 61 SECTION 11.4. Consolidations and Mergers 61 SECTION 11.5. Asset Dispositions 61 SECTION 11.6. Amendments to Organizational Documents; Other Material Agreements 62 SECTION 11.7. Use of Proceeds 62 SECTION 11.8. Investments 62 SECTION 11.9. Transactions with Affiliates 62 SECTION 11.10.
Worldspan will work with Northwest in establishing and maintaining procedures for the orderly succession and replacement of the Northwest Key Employees.
I further agree not to retain any tangible or electronic copies of any such property in my possession or under my control.
Year 2000 Compatibility.............................................

More Definitions of Year 2000 Compatibility

Year 2000 Compatibility. As defined in Section 5.6(c).

Year 2000 Compatibility. Take all action necessary to assure that its computer based system has the ability to operate and effectively process data including dates on or after January 1, 2000. The Borrower shall make further inquiry as to its significant suppliers and customers regarding their respective efforts to assure such Year 2000 Compatibility . At the request of the Bank, the Borrower shall provide the Bank with such assurances as it may reasonably request to demonstrate the Borrower's compliance with the foregoing covenant."