Year 2000 Problem definition

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 Problem means the risk that computer applications used by the Borrower or any of its Subsidiaries (including those affected by information received from its suppliers and vendors) may be unable to recognize and perform properly date-sensitive functions involving certain dates on and after January 1, 2000.

Year 2000 Problem means any significant risk that computer hardware, software, or equipment containing embedded microchips essential to the business or operations of the Company or any of its Subsidiaries will not, in the case of dates or time periods occurring after December 31, 1999, function at least as efficiently and reliably as in the case of times or time periods occurring before January 1, 2000, including the making of accurate leap year calculations.

Examples of Year 2000 Problem in a sentence

• Ifit is determined to be an area of manufacturers' responsibility regarding the exclusive Federal jurisdiction, the Agreement Year 2000 problem, contact the FDA's Center State licensee should file NRC Form 241, with for Devices and Radiological Health, Division NRC, for reciprocity.

• In a letter dated June 25,1997, the U.S. Food and Drug Administration (FDA) reminded medical device manufacturers that some Disposition of Cesium-137- computer systems and software applications Contaminated Emission Control Dust currently used in medical devices, including and Other Incident-Related Material embedded microprocessors, may be affected (Contact: Nick Orlando, NMSS,301- by the Year 2000 problem.

• Any person who successfully defends a claim based on a Year 2000 problem is entitled to recover reasonable costs and attorney’s fees from the person bringing the claim if the court determines that the claim is frivolous.

• It is the intent of the South Carolina General Assembly that this article provide persons engaged in commerce in South Carolina, who suffer economic loss as a result of a Year 2000 problem, the opportunity to recover and be made whole for that economic loss while providing persons responsible for the Year 2000 problem a safe harbor from unlimited liability.

More Definitions of Year 2000 Problem

Year 2000 Problem means the possibility that any computer applications or equipment used by Borrower may be unable to recognize and properly perform date sensitive functions involving certain dates prior to and any dates on or after December 31, 1999.

Year 2000 Problem means the risk that computer applications may not be able to properly perform date-sensitive functions after December 31, 1999.

Year 2000 Problem means the risk that computer applications and embedded microchips in non-computing devices may be unable to recognize and perform properly date-sensitive functions involving certain dates prior to and any date after December 31, 1999.

Year 2000 Problem means any significant risk that the Company's computer hardware or software applications and those of its subsidiaries 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 Problem has the meaning specified in Section 5.20.

Year 2000 Problem shall have the meaning specified in Section 7.18 hereof.

Year 2000 Problem the risk that computer applications used by the Borrower and its Subsidiaries may be unable to recognize and perform properly date-sensitive functions involving certain dates prior to, and any date on or after, December 31, 1999.