Year 2000 Corrective Plan definition

Year 2000 Corrective Plan means, with respect to each Credit Party, a comprehensive plan to eliminate all of its Year 2000 Problems on or before October 31, 1999, including without limitation (i) computer code enhancements or revisions, (ii) upgrades or replacements of Year 2000 Date-Sensitive Systems/Components, (iii) test and validation procedures, (iv) an implementation time line and budget and (v) designation of specific employees who will be responsible for planning, coordinating and implementing each phase or subpart of the Year 2000 Corrective Plan.
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Year 2000 Corrective Plan means, with respect to the Seller and the Servicer, a comprehensive plan to eliminate such Person's Year 2000 Mission Critical Problems on or before June 30, 1999, including, without limitation, (i) computer code enhancements or revisions, (ii) upgrades or replacements of Year 2000 Mission Critical Date-Sensitive Systems/Components, (iii) test and validation procedures, (iv) an implementation time line and budget and (v) designation of specific employees who will be responsible for planning, coordinating and implementing each phase or subpart of the Year 2000 Corrective Plan.
Sample 1
Year 2000 Corrective Plan means, with respect to each Obligor, a comprehensive plan to eliminate or otherwise sufficiently address all of its Year 2000 Problems on or before April 30, 1999 so that such Year 2000 Problems do not have a Material Adverse Effect, including without limitation (i) computer code enhancements or revisions, (ii) upgrades or replacements of Year 2000 Date-Sensitive Systems/Components, (iii) test and validation procedures, (iv) an implementation time line and budget and (v) designation of specific employees who will be responsible for planning, coordinating and implementing each phase or subpart of the Year 2000 Corrective Plan.
Sample 1

Examples of Year 2000 Corrective Plan in a sentence

  • Each Credit Party has completed a Year 2000 Assessment and a Year 2000 Corrective Plan, copies of which have been delivered to Agent, and each Credit Party shall complete all Year 2000 Corrective Actions by October 31, 1999.

  • On or prior to January 31, 1999, each Credit Party shall complete and deliver to Agent a Year 2000 Corrective Plan.

  • No additional land acquisition and resettlement will arise from the additional financing.

  • Borrower, on behalf of each Credit Party, has adopted a Year 2000 Corrective Plan, copies of which have been delivered to Agent.

  • On or prior to the Closing Date, each Credit Party shall complete and deliver to Agent a Year 2000 Assessment, and on prior to May 30, 1999, each Credit Party shall complete and deliver to Agent a Year 2000 Corrective Plan.

  • On or prior to October 31, 1998, each Loan Party shall complete and deliver to Agent a Year 2000 Assessment, and on or prior to January 31, 1999, each Loan Party shall complete and deliver to Agent a Year 2000 Corrective Plan.

  • Each Credit Party (other than the Marcliff Subsidiaries) has completed and delivered to Agent a Year 2000 Assessment and a Year 2000 Corrective Plan.

  • Each Credit Party has completed a Year 2000 Assessment and a Year 2000 Corrective Plan, copies of which have been delivered to Agent, and each Credit Party completed all Year 2000 Corrective Actions and Year 2000 Implementation Testing.

  • On or prior to August 27, 1998, each Credit Party shall deliver to the Agent a Year 2000 Assessment and a Year 2000 Corrective Plan.

  • Bill Hamre said that CPC will have ultimate review and approval of the procedures after they have gone through consultation.


More Definitions of Year 2000 Corrective Plan

Year 2000 Corrective Plan means, with respect to ------------------------- each Credit Party, a comprehensive plan to eliminate all of its Year 2000 Problems on or before December 1, 1999, including without limitation (i) computer code enhancements or revisions, (ii) upgrades or replacements of Year 2000 Date-Sensitive Systems/Components, (iii) test and validation procedures, (iv) an implementation time line and budget and (v) designation of specific employees who will be responsible for planning, coordinating and implementing each phase or subpart of the Year 2000 Corrective Plan. "Year 2000 Date-Sensitive System/Component" shall mean, ----------------------------------------- as to any Person, any system software, network software, applications software, data base, computer file, embedded microchip, firmware or hardware that accepts, creates, manipulates, sorts, sequences, calculates, compares or outputs calendar-related data accurately; such systems and components shall include, without limitation, mainframe computers, file server/client systems, computer workstations, routers, hubs, other network-related hardware, and other computer-related software, firmware or hardware and information processing and delivery systems of any kind and telecommunications systems and other communications processors, security systems, alarms, elevators and HVAC systems.
Sample 1
Year 2000 Corrective Plan means, with respect to each Borrower, a comprehensive plan to eliminate all of its Year 2000 Problems on or before
Sample 1
Year 2000 Corrective Plan means, with respect to each of the ------------------------- Credit Parties, a comprehensive plan to eliminate all of its Year 2000 Problems on or before August 31, 1999, including without limitations (i) computer code enhancements or revisions, (ii) upgrades or replacements of Year 2000 Date- Sensitive Systems/Components, (iii) test and validation procedures, (iv) an implementation time line and budget and (v) designation of specific employees who will be responsible for planning, coordinating and implementing each phase or subpart of the Year 2000 Corrective Plan. "YEAR 2000 DATE-SENSITIVE SYSTEM/COMPONENT" shall mean, as to any ----------------------------------------- Person, any system software, network software, applications software, database, computer file, embedded microchip, firmware or hardware that accepts, creates, manipulates, sorts, sequences, calculates, compares or outputs calendar-related data accurately; such systems and components shall include, without limitation, mainframe computers, file server/client system, computer workstations, routers, hubs, other network-related hardware, and other computer-related software, firmware or hardware and information processing and delivery systems of any kind and telecommunications systems and other communications processors, security systems, alarms, elevators and HVAC systems.
Sample 1
Year 2000 Corrective Plan means, with respect to Borrowers and their Subsidiaries, a comprehensive plan to eliminate all of their respective Year 2000 Problems on or before December 31, 1998, including without limitation (i) computer code enhancements or revisions, (ii) upgrades or replacements of Year 2000 Date-Sensitive Systems/Components, (iii) test and validation procedures, (iv) an implementation time line and budget and (v) designation of specific employees who will be responsible for planning, coordinating and implementing each phase or subpart of the Year 2000 Corrective Plan. "Year 2000 Date-Sensitive System/Component shall mean, as to any Person, any system, software, network software applications software, data base, computer file, embedded microchip, firmware or hardware that accepts, creates, manipulates, sorts, sequences, calculates, compares or outputs calendar related data accurately; such systems and components shall include, without limitation, mainframe computers, fileserver/client systems, computer-related software, firmware or hardware and information processing and delivery systems of any kind and telecommunications systems and other communications processors, security systems, alarms, elevators and HVAC Systems.
Sample 1

Related to Year 2000 Corrective Plan

  • Year 2000 Compliance has the meaning set forth in section 17.29 of the Management Agreement.

  • Year 2000 Compliant means, with respect to the Company's Information Technology, that the Information Technology is designed to be used prior to, during and after the calendar Year 2000, and the Information Technology used during each such time period will accurately receive, provide and process date and time data (including, but not limited to, calculating, comparing and sequencing) from, into and between the 20th and 21st centuries, including the years 1999 and 2000, and leap-year calculations, and will not malfunction, cease to function, or provide invalid or incorrect results as a result of the date or time data, to the extent that other information technology, used in combination with the Information Technology, properly exchanges date and time data with it. The Company has delivered to the Buyers true and correct copies of all analyses, reports, studies and similar written information, whether prepared by the Company or another party, relating to whether the Information Technology is Year 2000 Compliant, if any.

  • Utilization plan means a form and additional

  • Year 2000 Problem as used herein means any significant risk that computer hardware or software used in the receipt, transmission, processing, manipulation, storage, retrieval, retransmission or other utilization of data or in the operation of mechanical or electrical systems of any kind will not, in the case of dates or time periods occurring after December 31, 1999, function at least as effectively as in the case of dates or time periods occurring prior to January 1, 2000.

  • Corrective Action Plan has the meaning set forth in Section II.A.2.

  • Remediation Plan means a report identifying:

  • Project Implementation Plan means the detail plan submitted by the Developer with regard to development of Project Facilities and its operation and management thereof in accordance with this Agreement and to be appended as Schedule 9 to this Agreement.

  • Rectification Plan means the rectification plan pursuant to the Rectification Plan Process;

  • Year 2000 Ready or "Year 2000 Readiness" means that the referenced component, system, software, equipment or other item (for purposes of this definition, the "Computer System") is designed to be used prior to, during and after the calendar year 2000 A.D., and that such Computer System will operate at all levels, including microcode, firmware, application programs, user interfaces, files and databases, during each such time period without error or interruption relating to, or the product of, date data which represents or references different centuries or more than one century or leap year.

  • Restructuring Plan means the Restructuring Plan attached hereto as Schedule 1.1.

  • Year 2000 Issues means anticipated costs, problems and uncertainties associated with the inability of certain computer applications to effectively handle data including dates on and after January 1, 2000, as such inability affects the business, operations and financial condition of the Borrower and its Subsidiaries and of the Borrower's and its Subsidiaries' material customers, suppliers and vendors.

  • Implementation Plan means the schedule included in the Statement of Work setting forth the sequence of events for the performance of Services under the Statement of Work, including the Milestones and Milestone Dates.

  • North American Numbering Plan or "NANP" means the basic numbering plan for the Telecommunications networks located in the United States as well as Canada, Bermuda, Puerto Rico, Guam, the Commonwealth of the Xxxxxxxx Islands and certain Caribbean Islands. The NANP format is a 10-digit number that consists of a 3-digit NPA code (commonly referred to as the area code) followed by a 3-digit NXX code and 4-digit line number.

  • Procurement Plan means the Recipient’s procurement plan for the Project, dated April 2, 2010, and referred to in paragraph 1.16 of the Procurement Guidelines and paragraph 1.24 of the Consultant Guidelines, as the same shall be updated from time to time in accordance with the provisions of said paragraphs.

  • Quality Assurance Plan or “QAP” shall have the meaning set forth in Clause 11.2;

  • Original Plan means any defined contribution plan which meets the requirements of Code Section 401 and referred to in Article XII of the Plan.

  • Corrective Measure means a last resort measure taken by all NEMOs in case of performance degradation of the price coupling algorithm or of the continuous trading matching algorithm with the aim to restore their adequate performance.

  • Compensation Plan means any program, plan or similar arrangement (other than employment contracts for a single individual) relating generally to compensation, pension, employment or similar arrangements with respect to which any Company, any Affiliate of any Company or any ERISA Affiliate of any of them has any obligation or liability, contingent or otherwise, under any Requirement of Law other than that of the United States.

  • Remedial Plan has the meaning given to it in paragraph 1.2(b) of Schedule 10.1 (Remedial Plans and Remedial Agreements);

  • Incentive Plan means any plan providing compensation that depends on achieving certain performance goals or similar conditions within a specified period;

  • Management Incentive Plan means the Company’s bonus program, as implemented by the Company’s board of directors from time to time and pursuant to which the Executive may receive incentive-based compensation at fiscal year end.