Common use of Year 2000 Compliance Clause in Contracts

Year 2000 Compliance. Each Credit Party has (i) initiated a review and assessment of all areas within its and each of its Subsidiaries' business and operations (including those affected by suppliers, vendors and customers) that could be adversely affected by the "Year 2000 Problem" (that is, the risk that computer applications used by such Credit Party or any of its Subsidiaries (or suppliers, vendors and customers) 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 timeline for addressing the Year 2000 Problem on a timely basis, and (iii) to date, implemented that plan in accordance with the timetable. Based on the foregoing, each Credit Party believes that all computer applications (including those of its suppliers, vendors and customers) that are material to its and any of its Subsidiaries' business and operations are reasonably expected on a timely basis to be able to perform properly date-sensitive functions for all dates before and after January 1, 2000 (that is, be "Year 2000 compliant"), except to the extent that a failure to do so could not reasonably be expected to have Material Adverse Effect.

Appears in 4 contracts

Samples: Credit Agreement (Lincare Holdings Inc), Credit Agreement (Highwoods Properties Inc), Credit Agreement (Central Parking Corp)

AutoNDA by SimpleDocs

Year 2000 Compliance. Each Credit Party The Borrower has (i) initiated a review and assessment of all areas within its and each of its SubsidiariesConsolidated Entities' business and operations (including those affected by suppliers, vendors vendors, and customers) that could be adversely affected by the "Year 2000 Problem" (that is, the risk that computer applications used by such Credit Party the Borrower or any of its Subsidiaries Consolidated Entities (or suppliers, vendors and customers) 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 timeline for addressing the Year 2000 Problem on a timely basis, and (iii) to date, implemented that plan in accordance with the that timetable. Based on the foregoing, each Credit Party the Borrower believes that all computer applications (including those of its suppliers, vendors and customers) that are material to its and or any of its SubsidiariesConsolidated Entities' business and operations are reasonably expected on a timely basis to be able to perform properly proper date-sensitive functions for all dates before and after January 1, 2000 (that is, be "Year 2000 compliant"), except to the extent that a failure to do so could not reasonably be expected to have a Material Adverse Effect.

Appears in 3 contracts

Samples: Term Credit Agreement (Healthsouth Corp), Credit Agreement (Healthsouth Corp), Term Credit Agreement (Healthsouth Corp)

Year 2000 Compliance. Each Credit Party has Obligor (i) has initiated a review and assessment of all areas within its and each of its Subsidiaries' business and operations (including those affected by suppliers, vendors and customers) that could be adversely affected by the "Year 2000 Problem" (that is, the risk that computer applications used by such Credit Party Obligor or any of its Subsidiaries (or suppliers, vendors and customers) may be unable to recognize and perform properly date-sensitive functions involving certain dates prior to and any date after December 31, 1999), (ii) has developed a plan and timeline for addressing the Year 2000 Problem on a timely basis, and (iii) to date, implemented that plan in accordance with the that timetable. Based on the foregoing, each Credit Party Obligor believes that all computer applications (including those of its suppliers, vendors and customers) that are material to its and or any of its Subsidiaries' business and operations are reasonably expected on a timely basis to be able to perform properly date-sensitive functions for all dates before and after January 1, 2000 (that is, be "Year 2000 compliant"), except to the extent that a failure to do so could not reasonably be expected to have Material Adverse Effect.

Appears in 3 contracts

Samples: Loan and Security Agreement (Tultex Corp), Tultex Corp, Tultex Corp

Year 2000 Compliance. Each Credit Party The Borrower has (i) initiated a review and assessment of all areas within its the business and operations of the Borrower and each of its Subsidiaries' business and operations Subsidiaries (including those areas affected by suppliers, vendors suppliers and customersvendors) that could be adversely affected by the "Year 2000 Problem" (that is, the risk that computer applications used by such Credit Party it or any of its Subsidiaries (or suppliers, vendors their respective suppliers and customersvendors) 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 timeline for addressing the Year 2000 Problem on a timely basis, basis and (iii) to date, implemented that such plan in accordance with the such timetable. Based on the foregoing, each Credit Party The Borrower reasonably believes that all computer applications (including those of its suppliers, vendors suppliers and customersvendors) that are material to its and the business or operations of the Borrower or any of its Subsidiaries' business and operations are reasonably expected Subsidiaries will on a timely basis to be able to perform properly date-sensitive functions for all dates before and from and after January 1, 2000 (that is, be "Year 2000 compliant"), except to the extent that a failure to do so could not reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Marsh & McLennan Companies Inc), Assignment and Assumption Agreement (Marsh & McLennan Companies Inc)

Year 2000 Compliance. Each Credit Party The Borrower has (i) initiated a review and assessment of all areas within its and each of its Subsidiaries' business and operations (including those affected by suppliers, vendors and customers) that could be adversely affected by the "Year YEAR 2000 ProblemPROBLEM" (that is, the risk that computer applications used by such Credit Party the Borrower or any of its Subsidiaries (or suppliers, vendors and customers) 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 timeline for addressing the Year 2000 Problem on a timely basis, and (iii) to date, implemented that plan in accordance with the that timetable. Based on the foregoing, each Credit Party the Borrower believes that all computer applications (including those of its suppliers, vendors and customers) that are material to its and or any of its Subsidiaries' business and operations are reasonably expected on a timely basis to be able to perform properly date-sensitive functions for all dates before and after January 1, 2000 (that is, be "Year YEAR 2000 compliantCOMPLIANT"), except to the extent that a failure to do so could not reasonably be expected to have Material Adverse Effect.

Appears in 2 contracts

Samples: Term Loan Agreement (Flashnet Communications Inc), Bridge Loan Agreement (Key Energy Group Inc)

Year 2000 Compliance. Each Credit Party of Borrower and its Restricted -------------------- Subsidiaries has (i) initiated a review and assessment of all areas within its and each of its Subsidiaries' business and operations (including those affected by suppliers, vendors and customers) that could be adversely affected by the "Year 2000 Problem" (that is, the risk that computer applications used by such Credit Party or any of its Subsidiaries Person (or its suppliers, vendors and customers) may be unable to recognize and perform properly date-date- sensitive functions involving certain dates prior to to, on and any date after December 31, 1999), (ii) developed a plan and timeline for addressing the Year 2000 Problem on a timely basis, and (iii) to date, implemented that plan in accordance with the timetable. Based on the foregoing, each Credit Party of Borrower and its Restricted Subsidiaries believes that all computer applications (including those of its suppliers, vendors and customers) that are material to its and any of its Subsidiaries' their business and operations are reasonably expected on a timely basis to be able to perform properly date-sensitive functions for all dates before and after January 1, 2000 (that is, be "Year 2000 compliant"), except to the extent that a failure to do so could not reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Unwired Telecom Corp), Credit Agreement (Us Unwired Inc)

Year 2000 Compliance. Each Credit Party (i) The Transferor has (ix) initiated a review and assessment of all areas within its and each of its Subsidiaries' business and operations (including those affected by suppliers, vendors and customers) that could be adversely affected by the "Year 2000 Problem" (that is, the risk that computer applications used by such Credit Party the Transferor or any of its Subsidiaries (or suppliers, vendors and customers) may be unable to recognize and perform properly date-sensitive functions involving certain dates prior to and any date after December 31, 1999), (iiy) developed a plan and timeline for addressing the Year 2000 Problem on a timely basis, and (iiiz) to date, implemented that plan in accordance with the that timetable. Based on the foregoing, each Credit Party the Transferor believes that all computer applications (including those of its suppliers, vendors and customers) that are material to its and or any of its Subsidiaries' business and operations are reasonably expected on a timely basis to be able to perform properly date-sensitive functions for all dates before and after January 1, 2000 (that is, be "Year 2000 compliantCompliant"), except to the that extent that a failure to do so could not reasonably be expected (A) to have a Material Adverse EffectEffect or (B) to result in a Termination Event.

Appears in 2 contracts

Samples: Transfer and Administration Agreement (Metris Direct Inc), Transfer and Administration Agreement (Metris Companies Inc)

Year 2000 Compliance. Each Credit Party The Borrower has (i) initiated a review and assessment of all areas within its and each of its Subsidiaries' business and operations (including those affected by suppliers, vendors and customers) that could be adversely affected by the "Year 2000 Problem" (that is, the risk that computer applications used by such Credit Party ----------------- the Borrower or any of its Subsidiaries (or suppliers, vendors and customers) 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 timeline for addressing the Year 2000 Problem on a timely basis, and (iii) to date, implemented that plan in accordance with the that timetable. Based on the foregoing, each Credit Party the Borrower believes that all computer applications (including those of its suppliers, vendors and customers) that are material to its and or any of its Subsidiaries' business and operations are reasonably expected on a timely basis to be able to perform properly date-date- sensitive functions for all dates before and after January 1, 2000 (that is, be "Year 2000 compliantCompliant"), except to the extent that a failure to do so could not ------------------- reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Snyder Communications Inc), Credit Agreement (Navigant International Inc)

Year 2000 Compliance. Each Credit Party has (i) initiated a review and assessment of all areas within its and each of its Subsidiaries' business and operations (including those affected by suppliers, vendors and customers) that could be adversely affected by the "Year 2000 Problem" (that is, the risk that computer applications used by such Credit Party or any of its Subsidiaries (or suppliers, vendors and customers) 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 timeline for addressing the Year 2000 Problem on a timely basis, and (iii) to date, implemented that plan in accordance with the timetable. Based on the foregoing, the each Credit Party believes that all computer applications (including those of its suppliers, vendors and customers) that are material to its and any of its Subsidiaries' business and operations are reasonably expected on a timely basis to be able to perform properly date-sensitive functions for all dates before and after January 1, 2000 (that is, be "Year 2000 compliantcomplaint"), except to the extent that a failure to do so could not reasonably be expected to have Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Profit Recovery Group International Inc)

Year 2000 Compliance. Each Credit Party The Borrower has (ia) initiated a review and assessment of all material areas within its and each of its Subsidiaries' business and operations (including those affected by suppliers, vendors and customers) customers that could be adversely affected by the "Year 2000 Problem" (that is, the risk that computer applications used by such Credit Party the Borrower or any of its Subsidiaries (or suppliers, vendors and customers) may be unable to recognize and perform properly date-sensitive functions involving certain dates prior to and any date after December 31, 1999), (iib) developed a plan and timeline for addressing the Year 2000 Problem on a timely basis, basis and (iiic) to date, implemented that plan in accordance with the that timetable. Based on the foregoing, each Credit Party the Borrower believes that all computer applications (including those of its suppliers, vendors and customers) that are material to its and or any of its Subsidiaries' business and operations are reasonably expected on a timely basis to be able to perform properly date-sensitive functions for all dates before and after January 1, 2000 (that is, be "Year 2000 compliantCompliant"), except to the extent that a failure to do so could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Promedco Management Co)

Year 2000 Compliance. Each Credit Party has The Holding Company and the Company have (i) initiated a review and assessment of all areas within its its, each other Credit Party's and each of its SubsidiariesAffiliates' business and operations (including those affected by suppliers, vendors suppliers and customersvendors) that could be adversely affected by the "Year 2000 Problem" (that isthat, the risk that computer applications used by the Company or such Credit Party or any of its Subsidiaries other Person (or suppliers, vendors its suppliers and customersvendors) 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 timeline for addressing the Year 2000 Problem on a timely basis, and (iii) to date, implemented that plan in accordance with the that timetable. Based on Each of the foregoing, each Credit Party Holding Company and the Company reasonably believes that all computer applications (including those of its suppliers, vendors suppliers and customersvendors) that are material to its and its, any other Credit Party's or any of its SubsidiariesAffiliates' business and operations are reasonably expected will on a timely basis to be able to perform properly date-sensitive functions for all dates before and after January 1, 2000 (that is, be "Year 2000 compliantCompliant"), except to the extent that a failure to do so could not reasonably be expected to have a Material Adverse Effect.. SCHEDULE 5.22 attached hereto is complete and correct in all material aspects

Appears in 1 contract

Samples: Credit Agreement (Aps Healthcare Inc)

Year 2000 Compliance. Each Credit Party CPV has (i) initiated a review and assessment of all areas within its and each of its Subsidiaries' business and operations (including those affected by suppliers, vendors and customers) that could be adversely affected by the "Year 2000 Problem" (that is, the risk that computer applications used by such Credit Party CPV or any of its Subsidiaries (or suppliers, vendors and customers) 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 timeline for addressing the Year 2000 Problem on a timely basis, and (iii) to date, implemented that plan in accordance with the that timetable. Based on the foregoing, each Credit Party CPV believes that all computer applications (including those of its suppliers, vendors and customers) that are material to its and or any of its Subsidiaries' business and operations are reasonably expected on a timely basis to be able to perform properly date-sensitive functions for all dates before and after January 1, 2000 (that is, be "Year 2000 compliant"), except to the extent that a failure to do so could not reasonably be expected to have Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Correctional Properties Trust)

Year 2000 Compliance. Each Credit Party The Company has (i) initiated a review and assessment of all material areas within its and each of its Subsidiaries' business and operations (including those affected by key suppliers, vendors and customers) that could be adversely affected by the "Year 2000 Problem" (that is, the risk that computer applications used by such Credit Party the Company or any of its Subsidiaries (or key suppliers, vendors and customers) 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 timeline for addressing the Year 2000 Problem on a timely basis, and (iii) to date, implemented that plan in accordance with the that timetable. Based on the foregoing, each Credit Party the Company believes that all computer applications (including those of its key suppliers, vendors and customers) that are material to its and or any of its Subsidiaries' business and operations are reasonably expected on a timely basis to be able to perform properly date-sensitive functions for all dates before and after January 1, 2000 (that is, be "Year 2000 compliantCompliant"), except to the extent that a failure to do so could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Tredegar Corp)

Year 2000 Compliance. Each Credit Party The Borrower has (i) initiated a review and assessment of all areas within its and each of its Subsidiaries' business and operations (including those affected by suppliers, vendors and customers) that could be adversely affected by the "Year 2000 Problem" (that is, the risk that computer applications used by such Credit Party the ----------------- Borrower or any of its Subsidiaries (or suppliers, vendors and customers) 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 timeline for addressing the Year 2000 Problem on a timely basis, and (iii) to date, implemented that plan in accordance with the that timetable. Based on the foregoing, each Credit Party the Borrower believes that all computer applications (including those of its suppliers, vendors and customers) that are material to its and or any of its Subsidiaries' business and operations are reasonably expected on a timely basis to be able to perform properly date-sensitive functions for all dates before and after January 1, 2000 (that is, be "Year 2000 compliantCompliant"), ------------------- except to the extent that a failure to do so could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Just for Feet Inc)

Year 2000 Compliance. Each Credit Loan Party and each Loan Party's respective Subsidiaries has (i) initiated completed a review and assessment of all material areas within its and each of its Subsidiaries' business respective businesses and operations (including those affected by suppliers, vendors their respective suppliers and customersvendors) that could be adversely affected by the "Year 2000 Problem" (that iswhich term, as used herein, shall mean the risk that computer applications used by such Credit any Loan Party or any Subsidiary of its Subsidiaries such Loan Party (or suppliers, vendors their respective suppliers and customersvendors) 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 timeline for addressing the Year 2000 Problem on a timely basisbasis (a "Year 2000 Plan"), and (iii) to date, implemented that plan in accordance with its terms. Each of the timetable. Based on the foregoing, Loan Parties and each Credit Party Subsidiary of such Loan Parties reasonably believes that all computer applications (including those of its suppliers, vendors suppliers and customersvendors) that are material to its and any of its Subsidiaries' business respective businesses and operations are reasonably expected on a timely basis to be able to perform currently capable of performing properly date-sensitive functions for all dates before and after January 1, 2000 (that is, be "Year 2000 compliantCompliant"), except to the extent that a failure to do so could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Security Agreement (HLM Design Inc)

AutoNDA by SimpleDocs

Year 2000 Compliance. Each The Credit Party has Parties have (i) initiated a review reviewed and assessment of assessed all areas within its and each of its Subsidiaries' business and operations (including those affected by suppliers, vendors and customers) that could be adversely affected by the "Year 2000 Problem" (that is, the risk that computer applications used by such Credit Party the Borrower or any of its Subsidiaries (or suppliers, vendors and customers) 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 timeline for addressing the Year 2000 Problem on a timely basis, and (iii) to date, implemented that plan in accordance with the that timetable. Based on the foregoing, each of the Credit Party Parties believes that all computer applications (including those of its suppliers, vendors and customers) that are material to its and or any of its Subsidiaries' business and operations are reasonably expected on a timely basis to be able to perform properly date-sensitive functions for all dates before and after January 1, 2000 (that is, be "Year 2000 compliantCompliant"), except to the extent that a failure to do so could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Manitowoc Co Inc)

Year 2000 Compliance. Each Credit Party The Borrower has (ia) initiated a review and assessment of all areas within its and each of its Subsidiaries' business businesses and operations (including those affected by suppliers, vendors and customers) that could be adversely affected by the "Year 2000 Problem" (that is, the risk that computer applications used by such Credit Party the Borrower or any of its Subsidiaries (or suppliers, vendors and customers) may be unable to recognize and perform properly date-sensitive functions involving certain dates prior to and any date after December 31, 1999), (iib) developed a plan and timeline for addressing the Year 2000 Problem on a timely basis, and (iiic) to date, implemented that plan in accordance with the that timetable. Based on the foregoing, each Credit Party the Borrower believes that all computer applications (including those of its suppliers, vendors and customers) that are material to its and or any of its Subsidiaries' business and operations are reasonably expected on a timely basis to be able to perform properly date-sensitive functions for all dates before and after January 1, 2000 (that is, be "'Year 2000 compliant"), except to the extent that a failure to do so could not reasonably be expected to have Material Adverse Effecta material adverse effect.

Appears in 1 contract

Samples: Financing and Security Agreement (Sensys Technologies Inc)

Year 2000 Compliance. Each Credit Party has The Borrowers have (ia) initiated a review and assessment of all areas within its their and each of its their Subsidiaries' business and operations (including those affected by suppliers, vendors and customers) that could be adversely affected by the "Year 2000 Problem" (that is, the risk that computer applications used by such Credit Party the Borrowers or any of its their Subsidiaries (or suppliers, vendors and customers) may be unable to recognize and perform properly date-sensitive functions involving certain dates prior to and any date after December 31, 1999), (iib) developed a plan and timeline for addressing the Year 2000 Problem on a timely basis, and (iiic) to date, implemented that plan in accordance with the that timetable. Based on the foregoing, each Credit Party Borrower believes that all computer applications (including those of its suppliers, vendors and customers) that are material to its and or any of its Subsidiaries' business and operations are reasonably expected on a timely basis to be able to perform properly date-sensitive functions for all dates on, before and after January 1, 2000 (that is, be "Year 2000 compliant"), except to the extent that a failure to do so could not reasonably be expected to have Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Galileo Corp)

Year 2000 Compliance. Each Credit Party has (i) initiated a review and assessment of all areas within its and each of its Subsidiaries' business and operations (including those affected by suppliers, vendors and customers) that could reasonably be expected to be adversely affected by the "Year 2000 Problem" (that is, the risk that computer applications used by such Credit Party or any of its Subsidiaries (or suppliers, vendors and customers) 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 timeline for addressing the Year 2000 Problem on a timely basis, and (iii) to date, implemented that plan in accordance with the timetable. Based on the foregoing, each Credit Party believes that all computer applications (including those of its suppliers, vendors and customers) that are material to its and any of its Subsidiaries' business and operations are reasonably expected on a timely basis to be able to perform properly date-sensitive functions for all dates before and after January 1, 2000 (that is, be "Year 2000 compliant"), except to the extent that a failure to do so could not reasonably be expected to have Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Pca International Inc)

Year 2000 Compliance. Each Credit Party The Borrower has (ia) initiated a review and -------------------- assessment of all areas within its and each of its Subsidiaries' business and operations (including those affected by suppliers, vendors its suppliers and customersvendors) that could be adversely affected by the "Year 2000 Problem" (that is, the risk that computer applications used by such Credit Party the Borrower or any of its Subsidiaries (or suppliers, vendors its suppliers and customersvendors) may be unable to recognize and perform properly date-sensitive functions involving certain dates prior to and any date after December 31, 1999), (iib) developed a plan and timeline for addressing the Year 2000 Problem on a timely basis, and (iiic) to date, implemented that plan in accordance with the that timetable. Based on the foregoing, each Credit Party The Borrower reasonably believes that all computer applications (including including, based on representations from its suppliers and vendors, those of its suppliers, vendors suppliers and customersvendors) that are material to its and or any of its Subsidiaries' business and operations are reasonably expected will on a timely basis to be able to perform properly date-date- sensitive functions for all dates before and after January 1, 2000 (that is, be "Year 2000 compliantCompliant"), except to the extent that a failure to do so could not ------------------- reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Texas Industries Inc)

Year 2000 Compliance. Each Credit Party The Borrower has (i) initiated a review and assessment of all areas within its and each of its Subsidiaries' business and operations (including those affected by suppliers, vendors and customersprincipal suppliers or vendors) that could be adversely affected by the "Year 2000 Problem" (that is, the risk that computer applications used by such Credit Party the Borrower or any of its Subsidiaries (or suppliers, vendors and customersprincipal suppliers or vendors) 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 timeline for addressing the "Year 2000 Problem Problem" on a timely basis, basis and (iii) to date, implemented that plan in accordance with the that timetable. Based on the foregoing, each Credit Party the Borrower believes that all computer applications (including those of its suppliers, vendors and customersprincipal suppliers or vendors) that are material to its and or any of its Subsidiaries' business and operations are reasonably expected on a timely basis to be able to perform properly date-sensitive functions for all dates before and after January 1, 2000 (that is, be "Year 2000 compliantCompliant"), except to the extent that a failure to do so could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Watson Wyatt & Co)

Year 2000 Compliance. Each Credit Party The Borrower has (i) initiated a review and assessment of all areas within its and each of its Subsidiaries' " business and operations (including those affected by suppliers, vendors and customers) that could be adversely affected by the "Year the"Year 2000 Problem" (that is, the risk that computer applications used by such Credit Party the Borrower or any of its Subsidiaries (or its suppliers, vendors and customers) may be maybe 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 timeline for addressing the Year 2000 Problem on a timely basis, and (iiibasis and(iii) to date, implemented that plan in accordance with the that timetable. Based on the foregoing, each Credit Party the Borrower believes that all computer applications (including those of its suppliers, vendors and customers) that are material to its and or any of its Subsidiaries' " business and operations are reasonably expected on a timely basis to be able to perform properly date-sensitive functions for all dates before and after January 1, 2000 (that is, be "Year 2000 compliant"), except to the extent that a failure to do so could not reasonably be expected to have Material Adverse Effect.

Appears in 1 contract

Samples: Financing and Security Agreement (Chatwins Group Inc)

Year 2000 Compliance. Each Credit Party The Borrower has (i) initiated a review and assessment of all areas within its and each of its Subsidiaries' business and operations (including those affected by suppliers, vendors and customers) that could be adversely affected by the "Year 2000 Problem" (that is, the risk that computer applications used by such Credit Party the Borrower or any of its Subsidiaries (or suppliers, vendors and customers) 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 timeline for addressing the Year 2000 Problem on a timely basis, and (iii) to date, implemented that plan in accordance with the that timetable. Based on the foregoing, each Credit Party the Borrower believes that all computer applications (including those of its suppliers, vendors and customers) that are material to its and or any of its Subsidiaries' business and operations are reasonably expected on a timely basis to be able to perform properly date-sensitive functions for all dates before and after January 1, 2000 (that is, be "Year 2000 compliantCompliant"), except to the extent that a failure to do so could would not reasonably be expected to have Material Adverse Effect.

Appears in 1 contract

Samples: Bridge Loan Agreement (Pca International Inc)

Year 2000 Compliance. Each Credit Party has The Borrower (i) has initiated a review and assessment of all areas within its and each of its Subsidiaries' business businesses and operations (including those affected by suppliers, vendors and customers) that could be adversely affected by the "Year YEAR 2000 ProblemPROBLEM" (that is, the risk that computer applications used by such Credit Party the Borrower or any of its Subsidiaries (or suppliers, vendors and customers) 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 is developing a plan and timeline for addressing the Year 2000 Problem on a timely basis, and (iii) to date, implemented will implement that plan in accordance with the that timetable. Based on the foregoing, each Credit Party the Borrower believes that all computer applications (including those of its suppliers, vendors and customers) that are material to its and or any of its Subsidiaries' business businesses and operations are reasonably expected on a timely basis to be able to perform properly date-sensitive functions for all dates before and after January 1, 2000 (that is, be "Year 2000 compliant"), except to the extent that a failure to do so could not reasonably be expected to have Material a Materially Adverse Effect.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Rural Cellular Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.