Year 2000 Matters definition

Year 2000 Matters means whether the performance or functionality of Information Technology is, has been or will be affected by dates prior to, during or after the year 2000 and, in particular (but without limitation), whether:
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Year 2000 Matters. The Guarantor has reviewed its operations and those of its Subsidiaries with a view to assessing whether its businesses or the businesses of any of its Subsidiaries will, in the receipt, transmission, processing, manipulation, storage, retrieval, retransmission or other utilisation of data, be vulnerable to a Year 2000 Problem or will be vulnerable to the effects of a Year 2000 Problem suffered by any of the Guarantor's or any of its Subsidiaries' major commercial counterparties. Based on such review the Guarantor has no reason to believe that a Material Adverse Effect will occur with respect to its businesses or operations or the businesses or operations of any of its Subsidiaries resulting from a Year 2000 Problem.
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Year 2000 Matters means whether the performance or functionality of
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Examples of Year 2000 Matters in a sentence

  • Such cooperation shall include providing the Charter Parties with status reports as the Charter Parties may reasonably request regarding Year 2000 Matters.

  • The Helicon Companies shall cooperate with the Charter Parties prior to the Closing with respect to the Year 2000 Matters.

  • The Falcon Companies shall cooperate with Buyer prior to the Closing with respect to the Year 2000 Matters.

  • Set forth in Section 2.20 of the Disclosure Schedule is a description of the Seller Subsidiaries' compliance program with respect to Year 2000 Matters and a statement as to their progress in meeting such program's compliance schedule and goals as of the date hereof.

  • Year 2000 Matters.......................................................................

  • Year 2000 Matters..............................................................

  • Set forth in SCHEDULE 2.32 is a description of the Surviving Corporation's compliance program with respect to Year 2000 Matters and a statement as to its progress in meeting such program's compliance schedule and goals as of the date hereof.

  • The Surviving Corporation does not sell, nor has it sold, any application programs, databases, software or hardware (including distributed systems and embedded chips), the performance of which will be adversely affected by dates after the commencement of the year 2000 ("Year 2000 Matters") except to the extent such adverse effects would not have a Material Adverse Effect on the Surviving Corporation.

  • To the knowledge of the Company and the Principal Shareholders, based solely on communications with customers and suppliers through the date of this Agreement or the Closing Date, as the case may be, no customer or supplier of the Company will fail to complete any material transaction with the Company, nor will the Company experience material interruptions in supply or delays in sales, as a result of Year 2000 Matters.

  • Year 2000 Matters.....................................................


More Definitions of Year 2000 Matters

Year 2000 Matters. Except as set forth on Schedule 3.37, each of the Companies has (i) initiated a review and assessment of all areas within its business and operations (including those affected by the Manufacturer, suppliers, vendors and customers) that could be adversely affected by the "Year 2000 Problem" (that is, the risk that computer applications used by such Company may be unable to recognize and perform properly date-sensitive functions involving certain dates prior to and any date after December 31, 1999), (ii) developed a plan and timetable as described on Schedule 3.37 for addressing the Year 2000 Problem on a timely basis, and (iii) to date, implemented that plan and timetable, except as set forth on said Schedule 3.37.
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Year 2000 Matters. Any reprogramming reasonably foreseen to be necessary in accordance with customary business practices to permit the proper functioning (but only to the extent that such proper functioning would otherwise be impaired by the occurrence of the year 2000) in and following the year 2000 of computer systems and other equipment containing embedded microchips, in either case owned or operated by the Borrower or any of its Subsidiaries and the testing of all such systems and other equipment as so reprogrammed, will be completed by June 30, 1999 (or September 30, 1999 in the case of Tamor Corporation). The Borrower will make reasonable inquiry of all Persons the computer systems of which interface with the Borrower's computer systems (other than those of any Lender or any immaterial
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Related to Year 2000 Matters

  • 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.

  • 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.

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

  • 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.

  • 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.