Year 2000 Representations and Warranties Sample Clauses

Year 2000 Representations and Warranties. (a) Borrower has (i) begun analyzing the operations of Borrower and its subsidiaries and affiliates that could be adversely affected by failure to become Year 2000 compliant (that is, that computer applications, imbedded microchips and other systems will be able to perform date-sensitive functions prior to and after December 31, 1999) and; (ii) developed a plan for becoming Year 2000 compliant in a timely manner, implementation of which is on schedule in all material respects. Borrower reasonably believes that it will become Year 2000 compliant for its operations and those of its subsidiaries and affiliates on a timely basis except to the extent that a failure to do so could not reasonably be expected to have a material adverse effect upon the financial condition of Borrower.
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Year 2000 Representations and Warranties. BORROWER HAS (I) BEGUN ANALYZING THE OPERATIONS OF BORROWER AND ITS SUBSIDIARIES AND AFFILIATES, IF ANY, THAT COULD BE ADVERSELY AFFECTED BY FAILURE TO BECOME YEAR 2000 COMPLIANT (THAT IS, THAT COMPUTER APPLICATIONS, EMBEDDED MICROCHIPS AND OTHER SYSTEMS WILL BE ABLE TO PERFORM DATE-SENSITIVE FUNCTIONS PRIOR TO AND AFTER DECEMBER 31,1999); AND (II) DEVELOPED A PLAN FOR BECOME YEAR 2000 COMPLIANT IN A TIMELY MANNER, THE IMPLEMENTATION OF WHICH IS ON SCHEDULE IN ALL MATERIAL RESPECTS. BORROWER REASONABLY BELIEVES THAT IT WILL BECOME YEAR 2000 COMPLIANT FOR ITS OPERATIONS AND THOSE OF ITS SUBSIDIARIES AND AFFILIATES ON A TIMELY BASIS EXCEPT TO THE EXTENT THAT A FAILURE TO DO SO COULD NOT REASONABLY BE EXPECTED TO HAVE A MATERIAL ADVERSE EFFECT UPON THE FINANCIAL CONDITION OF BORROWER. BORROWER REASONABLY BELIEVES ANY SUPPLIERS AND VENDORS THAT ARE MATERIAL TO THE OPERATIONS OF BORROWER OR ITS SUBSIDIARIES AND AFFILIATES WILL BE YEAR 2000 COMPLIANT FOR THEIR OWN COMPUTER APPLICATIONS EXCEPT TO THE EXTENT THAT A FAILURE TO DO SO COULD NOT REASONABLY BE EXPECTED TO HAVE A MATERIAL ADVERSE EFFECT UPON THE FINANCIAL CONDITION OF BORROWER. BORROWER WILL PROMPTLY NOTIFY LENDER IN THE EVENT BORROWER DETERMINES THAT ANY COMPUTER APPLICATION WHICH IS MATERIAL TO THE OPERATIONS OF BORROWER, ITS SUBSIDIARIES AND AFFILIATES OR ANY OF ITS MATERIAL VENDORS OR SUPPLIERS WILL NOT BE FULLY YEAR 2000 COMPLIANT ON A TIMELY BASIS, EXCEPT TO THE EXTENT THAT SUCH FAILURE COULD NOT REASONABLY BE EXPECTED TO HAVE A MATERIAL ADVERSE EFFECT UPON THE FINANCIAL CONDITION OF BORROWER.
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Year 2000 Representations and Warranties. Mud Logging represents and warrants that all of Well Logging's products, hardware and software, mechanical, electrical or other system that contains a microchip or software which is date sensitive (including but not limited to: business, accounting and order fulfillment systems, payroll and employee benefit systems, security systems, drilling trucks, logging trucks, and equipment controllers), and which are material to Mud Logging's continued operations (hereinafter the Products and Systems) are designed to be used prior to, during, and after the calendar year 2000 AD, and that the Products and Systems will operate during each such time period without error relating to date data, specifically including any error relating to, or the product of, date data which represents or references different centuries or more than one century. Without limiting the generality of the foregoing, Mud Logging further represents and warrants that the Products and Systems are and will continue to be "Year 2000 Compliant," meaning that the data outside the range 1990-1999 will be correctly processed in any level of the Products and Systems including, but not limited to, microcode, firmware, hardware, application programs, files and databases, and all date processing by the Products and Systems will recognize and correctly process dates
Sample 1
Year 2000 Representations and Warranties. (i) The Company and the REIT have (a) begun analyzing the operations of such Person and its Affiliates that could be adversely affected by failure to become Year 2000 compliant (that is, that computer applications, imbedded microchips and other systems will be able to perform date-sensitive functions prior to and after December 31, 1999) and; (b) developed a plan for becoming Year 2000 compliant in a timely manner, implementation of which is on schedule in all material respects. Each of the Company and the REIT reasonably believes that it will become Year 2000 compliant for its operations and those of its Affiliates on a timely basis except to the extent that a failure to do so could not reasonably be expected to have a material adverse effect upon the financial condition of such Person.
Sample 1
Year 2000 Representations and Warranties. (1) Borrower and its Subsidiaries are taking all necessary and appropriate steps to ascertain the extent of, and to quantify and successfully address, business and financial risks facing the Borrower and its Subsidiaries as a result of failure to become Year 2000 compliant (that is, that computer applications, embedded microchips and other systems will be able to perform date-sensitive functions prior to and after December 31, 1999). (2) The Borrowers' and its Subsidiaries' material computer applications will, on a timely basis, adequately address the Year 2000 problem in all material respects.
Sample 1
Year 2000 Representations and Warranties. Each of the Borrowers represents and warrants to the Agents and the Lenders that the following statements are true, correct and complete as of the date hereof, and as of the date of each advance of the Revolving Loan or the issuance of any Letter of Credit hereunder: (a) based on a comprehensive review and assessments of its systems and equipment and those of its material suppliers, vendors and customers, the Borrowers reasonably believe that the Year 2000 Problem, including costs of remediation, could not be expected to result in a material adverse change in the financial condition of the Borrowers from that expressed in the financial statements most recently submitted by the Borrowers prior to the date hereof; (b) each of the Borrowers has developed plans for preventing the Year 2000 Problem from having a material impact within its operations, and the implementation of such plans, including testing, are on schedule in all material respects; and (c) the Borrowers have developed feasible contingency plans to insure uninterrupted and unimpaired business operation in the event of failure of their own systems or equipment or those of their material suppliers, vendors or customers due to the Year 2000 Problem. The Borrowers covenant and agree with the Agents and the Lenders that the Borrowers shall provide the Agents and the Lenders with any further assurances as to the Borrowers' avoidance and resolution of the Year 2000 Problem as the Agents and the Lenders may request from the Borrowers from time to time.
Sample 1

Related to Year 2000 Representations and Warranties

  • Your Representations and Warranties You represent and warrant to the Company that:

  • Ongoing Representations and Warranties If, at any time during the term of this Agreement, it discovers any fact or omission, or any event or change of circumstances has occurred, which would make any of its representations and warranties herein inaccurate or incomplete in any material respect, it will provide prompt written notification to the Sub-Adviser of such fact, omission, event, or change of circumstance, and the facts related thereto. The Adviser agrees that it will provide prompt notice to the Sub-Adviser in the event that: (i) the Adviser makes an assignment for the benefit of creditors, files a voluntary petition in bankruptcy, or is otherwise adjudged bankrupt or insolvent by a court of competent jurisdiction; or (ii) a material event occurs that could reasonably be expected to adversely impact the Adviser’s ability to perform this Agreement.

  • Investment Representations and Warranties The Purchaser understands and agrees that the offering and sale of the Securities has not been registered under the 1933 Act or any applicable state securities laws and is being made in reliance upon federal and state exemptions for transactions not involving a public offering which depend upon, among other things, the bona fide nature of the investment intent and the accuracy of the Purchaser’s representations as expressed herein.

  • Party A’s Representations and Warranties Party A represents and warrants as follows:

  • Company Representations and Warranties The Company represents and warrants to and agrees with each Subscriber that:

  • Vendor’s Representations and Warranties 1. The Vendor represents and warrants to the Purchaser that:

  • Nature of Representations and Warranties The representations and warranties set forth in this Section 3.08, insofar as they involve conclusions of law, are made not on the basis that the Seller purports to be a legal expert or to be rendering legal advice, but rather to reflect the parties’ good faith understanding of the legal basis on which the parties are entering into this Agreement and the other Basic Documents and the basis on which the Holders are purchasing the Recovery Bonds, and to reflect the parties’ agreement that, if such understanding turns out to be incorrect or inaccurate, the Seller will be obligated to indemnify the Issuer and its permitted assigns (to the extent required by and in accordance with Section 5.01), and that the Issuer and its permitted assigns will be entitled to enforce any rights and remedies under the Basic Documents, on account of such inaccuracy to the same extent as if the Seller had breached any other representations or warranties hereunder.

  • Covenants, Representations and Warranties The General Partner covenants, represents and warrants that the following are presently true, will be true at the time of each Capital Contribution payment made by the Limited Partner and will be true during the term of this Agreement, to the extent then applicable.

  • THE PARTIES; REPRESENTATIONS AND WARRANTIES All references in this Agreement to the “Fund” are to each of the management investment companies listed on Appendix A, and each management investment company made subject to this Agreement in accordance with Section 20.6 above, individually, as if this Agreement were between the individual Fund and the Custodian. In the case of a series organization, all references in this Agreement to the “Portfolio” are to the individual series of the series organization on behalf of the individual series. Any reference in this Agreement to “the parties” shall mean the Custodian and such other individual Fund as to which the matter pertains.

  • Licensor’s Representations and Warranties Licensor represents and warrants to Licensee that:

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