Year 2000 Qualified definition

Year 2000 Qualified means that all Year 2000 Assets are either "Year 2000 Compliant" or "Year 2000 Ready" as defined in NEI/NUSMG 97-07 and as restated below. Notwithstanding the foregoing definitions, an item required to be Year 2000 Qualified that does not satisfy the definition of Year 2000 Compliant shall only be considered Year 2000 Ready (and consequently Year 2000 Qualified) if (a) the item maintains its function as it crosses any key date even if there may be date errors or some form of compensatory action required to maintain valid functional operation; (b) a deficiency can be addressed by pre-defined manual action; and (c) the integration of all manual actions required are confirmed to be reasonably within the capability of the facility resources and can be accomplished without any risk of loss, damage or destruction to facility equipment or the operation of the Facilities or material loss of time. As used herein (and as defined in NEI/NUSMG 97-07) (x) the term "Year 2000 Compliant" means Year 2000 Assets that accurately process date/time data (including, without limitation, calculating, comparing, and sequencing) from, into and between the twentieth and twenty-first centuries, the years 1999 and 2000, and leap years (including accurate leap-year calculations) and (y) the term "Year 2000 Ready" means a Year 2000 Asset that has been determined to be suitable for continued use into the year 2000 even though the Year 2000 Asset is not fully Year 2000 Compliant. For purposes of this Section 4.21, "key dates" include, without limitation, the following: 12/31/99, 1/1/00, 2/28/00, 2/29/00, 3/1/00, 12/31/00, 1/1/01, 2/28/01, 3/1/01, 2/28/04, 2/29/04 and 3/1/04.
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Year 2000 Qualified means that the hardware and software used by the Lessor, including that obtained by contract or agreements with third parties, has been reviewed to confirm that it accurately and correctly stores, processes (including, without limitation, sorting and performing mathematical calculations), data containing date information regardless of whether the data contains dates before or after January 1, 2000. The Lessor represents and warrants to Lessee that the Lessor has conducted an investigation and due diligence of its hardware and software and has identified and assessed its Year 2000 Problem, if any, including a good faith estimation of the costs and expenses to become Year 2000 Qualified and that it will be Year 2000 Qualified not later than the date of this Lease.
Sample 1
Year 2000 Qualified means that all constituent software, controllers, central processing units, and other computer equipment, including all components, applications and modules thereof, are "Year 2000 Compliant." As used herein the term "Year 2000 Compliant" means computer systems or applications that accurately process date/time data (including but not limited to calculating, comparing, and sequencing) from, into, and between the twentieth and twenty- first centuries, the years 1999 and 2000, and leap-year calculation.
Sample 1

Examples of Year 2000 Qualified in a sentence

  • For purposes of this Agreement, "Year 2000 Qualified" means that all Year 2000 Assets are either "Year 2000 Compliant" or "Year 2000 Ready" as defined in NEI/NUSMG 97-07 and as restated below.

  • Except as listed in Schedule 4.21, all of the hardware, software and firmware products (including embedded microcontrollors in non-computer equipment) which are included in the Purchased Assets or which constitute a part of the Sturbridge Property are Year 2000 Qualified.

  • Subject to the timely completion of the work program contained in Schedule 7.1(s), all of the hardware, software and firmware products (including embedded microcontrollors in non-computer equipment) which are included in the Purchased Assets are Year 2000 Qualified based on implementation of a program similar to that outlined in Nuclear Utility Year 2000 Readiness, NEI/NUSMG 97-07.

  • Any firmware, hardware, or networking component in a Year 2000 Qualified computer platform must process dates in accordance with this Definition.

  • Except as listed on Schedule 4.22, all of ----------------------- the hardware and software products (including embedded microcontrollors in non- computer equipment) which are included in the Purchased Assets or which are owned or used primarily by CHP in the Business are Year 2000 Qualified.

  • For purposes of this Agreement, "Year 2000 Qualified" shall mean that all constituent software, controllers, central processing units, and other computer equipment, including all components, applications and modules thereof, are either "Year 2000 Compliant" or "Year 2000 Ready" as defined in NEI/NUSMG 97-07 and as restated below.

  • If any of these components are not Year 2000 Qualified by this date, if NCR cannot remedy nonconformance within a reasonable time, you may terminate this Order without payment of early termination charges provided you deconvert prior to December 31, 1999, if NCR becomes aware of any Year 2000 issues with other third party equipment or software used in this operating environment, NCR will advise you of such issues.

  • Sellers have taken, and will continue to take, all reasonable steps necessary to address the computer software and application issues raised by Year 2000 and as of the Closing Date all of Sellers' computer software and applications affecting the Purchased Assets will be Year 2000 Qualified, except to the extent that any non-qualification does not create a Material Adverse Effect.

  • For an NCR product configuration consisting of multiple components to be considered "Year 2000 Qualified," each constituent component, regardless of vendor, must be "Year 2000 Qualified" in accordance with this Definition, and the system as a whole must be tested for Year 2000 Qualification.

  • The Lessor represents and warrants to Lessee that the Lessor has conducted an investigation and due diligence of its hardware and software and has identified and assessed its Year 2000 Problem, if any, including a good faith estimation of the costs and expenses to become Year 2000 Qualified and that it will be Year 2000 Qualified not later than the date of this Lease.


More Definitions of Year 2000 Qualified

Year 2000 Qualified means that all constituent software, controllers, central processing units, and other computer equipment, including all components, applications and modules thereof, are either "Year 2000 Compliant" or "Year 2000 Ready" as defined in NEI/NUSMG 97-07 and as restated below. Notwithstanding the following definitions, an item required to be Year 2000 Qualified that does not satisfy the definition of Year 2000 Compliant shall only be considered Year 2000 Ready (and consequently Year 2000 Qualified) if (i) the item maintains its function as it crosses any key date even if there may be date errors or some form of compensatory action required to maintain valid functional operation; (ii) a deficiency can be addressed by pre-defined manual action; and (iii) the integration of all manual actions required are confirmed to be reasonably within the capability of the facility resources and can be accomplished without any material risk of loss, damage or destruction to facility equipment or the operation of the Facilities. As used herein (and as defined in NEI/NUSMG 97-07) (i) the term "Year 2000 Compliant" means computer systems or applications that accurately process date/time data (including but not limited to calculating, comparing, and sequencing) from, into, and between the twentieth and twenty-first centuries, the years 1999 and 2000, and leap-year calculations; and (ii) the term "Year 2000 Ready" means a computer system or application that has been determined to be suitable for continued use into the year 2000 even though the computer system or application is not fully Year 2000 Compliant.
Sample 1
Year 2000 Qualified and "Year 2000 Ready" have the meanings set forth in Section 4.21. "Year 2000 Qualification" has a meaning correlative to Year 2000 Qualified.
Sample 1
Year 2000 Qualified means that all constituent software, controllers, central processing units, and other computer equipment, including all components, applications and modules thereof, are either "Year 2000 Compliant" or "Year 2000 Ready." As used herein (a) the term "Year 2000 Compliant" means computer systems or applications that accurately process date/time data (including but not limited to calculating, comparing, and sequencing) from, into, and between the twentieth and twenty-first centuries, the years 1999 and 2000, and leap-year calculations and (b) the term "Year 2000 Ready" means a computer system or application that has been determined to be suitable for continued use into the year 2000 even though the computer system or application is not fully Year 2000 Compliant.
Sample 1
Year 2000 Qualified means that the Licensed Product stores, processes (including sorting and performing mathematical operations), inputs, and outputs data containing date information correctly regardless of whether the data contains dates before, on, or after January 1, 2000 or during any leap year. Excalibur products which do not perform date manipulation, and which do not alter any date information that flows through them, are also considered Year 2000 Qualified.
Sample 1
Year 2000 Qualified means computer software applications that have been qualified in accordance with a program based on NEI/NUSMG 97-07 Nuclear Utility Year 2000 Readiness to accurately process date/time data (including but not limited to calculating, comparing and sequencing) from, into and between the twentieth and twenty-first centuries, the years 1999 and 2000, and leap-year calculations.
Sample 1

Related to Year 2000 Qualified

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

  • 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.

  • Data qualifier means a specified character (or string of characters) that immediately precedes a data field that defines the general category or intended use of the data that follows.

  • 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.

  • the qualifying period means the period of 12 years immediately preceding the date of publication of the advertisements referred to in paragraph (A)(iv) above or of the first of the two advertisements to be published if they are published on different dates; and

  • High Quality Short-Term Debt Instrument means any instrument having a maturity at issuance of less than 366 days and which is rated in one of the highest two rating categories by a Nationally Recognized Statistical Rating Agency (Moody’s and S&P).

  • 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.

  • High Quality Short-Term Debt Instruments means any instrument that has a maturity at issuance of less that 366 days and that is rated in one of the two highest rating categories by a Nationally Recognized Statistical Rating Organization.

  • Short-Term Payout means the payout set forth in Section 4.1.

  • Non-Qualified Stock Option means any Stock Option that is not an Incentive Stock Option.

  • Independent Qualified Party means an investment banking firm, accounting firm or appraisal firm of national standing; provided, however, that such firm is not an Affiliate of the Company.

  • accredited laboratory means an analytical facility accredited by the Standards Council of Canada (SCC), or accredited by another accrediting agency recognized by Manitoba Conservation and Climate to be equivalent to the SCC, or be able to demonstrate, upon request, that it has the quality assurance/quality control (QA/QC) procedures in place equivalent to accreditation based on the international standard ISO/IEC 17025, or otherwise approved by the Director;

  • National Ambient Air Quality Standards or “NAAQS” means national ambient air quality standards that are promulgated pursuant to Section 109 of the Act, 42 U.S.C. § 7409.

  • Non-Qualified Share Option means an Option that is not intended to be an Incentive Share Option.

  • Year 2 means the year after year 1; year 3 means the year after year 2, year 4 means the year after year 3, and so on; and

  • Qualified small business means an entity, whether organized as a corporation, partnership, or proprietorship, organized for profit with its principal place of business located within this state and which meets the following criteria: