Year 2000 Compliant and Ready definition

Year 2000 Compliant and Ready means that (a) the Borrower's/Parent's and its Subsidiaries' hardware and software systems with respect to the operation of its business and its general business plan will: (i) handle date information involving any and all dates before, during and after January 1, 2000, including accepting input, providing output and performing date calculations in whole or in part; (ii) operate, accurately without material interruption on and in respect of any and all dates before, during and after January 1, 2000 and without any change in performance; (iii) store and provide date input information without creating any ambiguity as to the century and; (b) the Borrower/Parent has developed alternative plans to ensure business continuity in the event of the failure of any or all of items (i) through (iii) in clause (a) above in this definition.

Year 2000 Compliant and Ready as used herein means that (a) the Borrower's and its Subsidiaries' hardware and software systems material to the operation of its business and its general business plan will (i) handle date information involving any and all dates before, during and/or after January 1, 2000, including accepting input, providing output and performing date calculations in whole or in part, (ii) operate, accurately without interruption on and in respect of any and all dates before, during and/or after January 1, 2000 and without any material change in performance, and (iii) store and provide date input information without creating any ambiguity as to the century, and (b) the Borrower has developed alternative plans to ensure business continuity in the event of the failure of any or all of items (i) through (iii) above.

Year 2000 Compliant and Ready means that the Credit Parties' computer hardware and software systems with respect to the operation of its business and their general business plan will: (i) handle date information involving any and all dates before, during and/or after January 1, 2000, including accepting input, providing output and performing date calculations in whole or in part; (ii) operate, accurately without interruption on and in respect of any and all dates before, during and/or after January 1, 2000 and without any change in performance; (iii) respond to and process two digit year input without creating any ambiguity as to the century; and (iv) store and provide date input information without creating any ambiguity as to the century.

Examples of Year 2000 Compliant and Ready in a sentence

• In the event of termination in the absence of breach, all finished or unfinished documents, data, studies, surveys, drawings, maps, models, photographs, and reports or other materials prepared by the Design Professional under this contract shall at the option of the City become its property, and the Design Professional shall be entitled to receive just and equitable compensation for any satisfactory work completed on such documents and other materials.

• The Company has reasonable grounds for believing that it will be Year 2000 Compliant and Ready on or before December 1, 1999.

• The Borrower and its Subsidiaries have met the Y2K Plan milestones such that all hardware and software systems will be Year 2000 Compliant and Ready in accordance with the Y2K Plan.

• To the extent the Company may not be Year 2000 Compliant and Ready (as defined below) at any time prior to June 30, 1999, the Company has no reason to believe that such status will result in a material adverse affect on the Company's business, operations, affairs, prospects, properties, assets, existing and potential liabilities, obligations, profits or condition (financial or otherwise).

• The Borrower has developed and has delivered -------- to the Agent and the Banks a comprehensive plan (the "Y2K Plan") for insuring that the Borrower's and its Subsidiaries' software and hardware systems which impact or affect in any way the business operations of the Borrower and its Subsidiaries' will be Year 2000 Compliant and Ready.

More Definitions of Year 2000 Compliant and Ready

Year 2000 Compliant and Ready means that

Year 2000 Compliant and Ready means that (a) the Borrower's and its operating divisions' and Subsidiaries' computer hardware or software in question will: (i) handle date information involving any and all dates before, during and/or after January 1, 2000, including accepting input, providing output and performing date calculations in whole or in part; (ii) operate, accurately without interruption on and in respect of any and all dates before, during and/or after January 1, 2000 and without any change in

Year 2000 Compliant and Ready means that the computer systems and the presses used in the Company's operations contain the functionality need for the December 31, 1999 "millennium" date change.

Year 2000 Compliant and Ready means that (a) the Borrower's and its operating divisions' and Subsidiaries' computer hardware or software in question will: (i) handle date information involving any and all dates before, during and/or after January 1, 2000, including accepting input, providing output and performing date calculations in whole or in part; (ii) operate, accurately without interruption on and in respect of any and all dates before, during and/or after January 1, 2000 and without any change in performance; and (iii) store and provide date input information without creating any ambiguity as to the century; provided all other information technology properly exchanges date data information with it; and (b) the Borrower has developed alternative plans to ensure business continuity in the event of the failure of any or all of items (i) through (iii) above.

Year 2000 Compliant and Ready as used herein means that (a) the Borrower's and its Subsidiaries' hardware and critical software systems with respect to the operation of its business and its general business plan will: (i) handle date information involving any and all dates during the period extending 6 months before until 6 months after January 1, 2000, including accepting input, providing output and performing date calculations in whole or in part; (ii) operate, accurately without interruption on and in respect of any and all dates during the period extending 6 months before until 6 months after January 1, 2000 and without any material change in performance; (iii) store and provide date input information without creating any ambiguity as to the century, and (b) the Borrower has developed alternative plans to ensure business continuity in the event of the failure of any or all of items (i) through (iii) above.

Year 2000 Compliant and Ready means that (a) the Parent's and its Subsidiaries hardware and software systems with respect to the operation of its business and its general business

Year 2000 Compliant and Ready. - means that Borrowers' and each of their Subsidiaries' hardware and software systems with respect to the operation of their businesses and their general