Year 2000 Assessment. The Company shall complete on a timely basis the review and assessment of its business and operations referred to in Section 9.16 hereof and use reasonable efforts to assure that its computer-based and other systems (and those of all Subsidiaries) are able to effectively process dates, including dates before, on and after January 1, 2000, without experiencing any Year 2000 Problem that could reasonably be expected to cause a Material Adverse Effect. At the request of the Administrative Agent, the Company will provide the Administrative Agent with such written reports and information (including, but not limited to, the results of internal or external audit reports prepared in the ordinary course of business) reasonably acceptable to the Administrative Agent as to the capability of the Company and its Subsidiaries to conduct its and their businesses and operations before, on and after January 1, 2000, without experiencing a Year 2000 Problem causing a Material Adverse Effect.
Year 2000 Assessment. The Company shall take all actions necessary and commit adequate resources to assure that its computer-based and other systems (and those of all Subsidiaries) are able to effectively process dates, including dates before, on and after January 1, 2000, without experiencing any Year 2000 Problem that could cause a material adverse effect on the business or financial affairs of the Company (or of the Company and its Subsidiaries taken on a consolidated basis). At the request of the Bank, the Company will provide the Bank with written assurances and substantiations (including, but not limited to, the results of internal or external audit reports prepared in the ordinary course of business) reasonably acceptable to the Bank as to the capability of the Company and its Subsidiaries to conduct its and their businesses and operations before, on and after January 1, 2000, without experiencing a Year 2000 Problem causing a material adverse effect on the business or financial affairs of the Company (or of the Company and its Subsidiaries taken on a consolidated basis).
Year 2000 Assessment. The Borrower shall take all actions necessary and commit adequate resources to assure that its computer-based and other systems (and those of all Subsidiaries) are able to effectively process dates, including dates before, on and after January 1, 2000, without experiencing any Year 2000 Problem that could cause a material adverse effect on the business or financial affairs of the Borrower (or of the Borrower and its Subsidiaries taken on a consolidated basis). At the request of the Bank, the Borrower will provide the Bank with written assurances and substantiations (including, but not limited to, the results of internal or external audit reports prepared in the ordinary course of business) reasonably acceptable to the Bank as to the capability of the Borrower and its Subsidiaries to conduct its and their businesses and operations before, on and after January 1, 2000, without experiencing a Year 2000 Problem causing a material adverse effect on the business or financial affairs of the Borrower (or of the Borrower and its Subsidiaries taken on a consolidated basis).
Year 2000 Assessment. If requested by the Bank, information satisfactory to the Bank regarding the Borrower's plan for addressing Year 2000 issues. "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 of the Borrower's material customers, suppliers and vendors.
Year 2000 Assessment. The Parent shall take all actions necessary and commit adequate resources to assure that its computer-based and other systems (and those of all Subsidiaries) are able to effectively process dates, including dates before, on and after January 1, 2000, without experiencing any Year 2000 Problem that could cause a material adverse effect on the business or financial affairs of the Parent and its Subsidiaries taken on a consolidated basis. At the request of the Administrative Agent, the Parent and the Company will provide the Administrative Agent with written assurances and substantiations (including, but not limited to, the results of internal or external audit reports prepared in the ordinary course of business) reasonably acceptable to the Administrative Agent as to the capability of the Parent and its Subsidiaries to conduct its and their businesses and operations before, on and after January 1, 2000, without experiencing a Year 2000 Problem causing a Material Adverse Effect.
Year 2000 Assessment. The information contained in this Section 8.18 is a YEAR 2000 READINESS DISCLOSURE. The Company will take all actions it deems necessary and commit resources it deems adequate to assure that its electronic information and communication systems (and those of all Subsidiaries) are able to effectively process dates, including dates before, on and after January 1, 2000 without experiencing any Year 2000 Problem that could reasonably be expected to cause a Material Adverse Effect. At the request of the Administrative Agent, the Company will provide the Lenders with written assurances and substantiations (including, but not limited to, the results of internal or external audit reports otherwise prepared in the ordinary course of business) reasonably acceptable to the Administrative Agent as to the capability of the Company and its Subsidiaries to conduct its and their businesses and operations before, on and after January 1, 2000, without experiencing a Year 2000 Problem causing a Material Adverse Effect. Without request, the Company will provide the Administrative Agent and the Lenders a status report of its current Year 2000 Problems and a summary of its implementation plan and timeline therefor no later than June 30, 1999. The Company will promptly notify the Administrative Agent and the Lenders in the event the Company discovers or determines that any other Year 2000 Problem exists with respect to any computer application (including those of its suppliers and vendors) that could reasonably be expected to have a Material Adverse Effect.
Year 2000 Assessment. Seminis shall take all actions necessary and commit adequate resources to assure that its computerbased and other systems (and those of all Subsidiaries) are able to effectively process dates, including dates before, on and after January 1, 2000, without experiencing any Year 2000 Problem that could cause a material adverse effect on the business or financial affairs of Seminis and its Subsidiaries taken on a consolidated basis. At the request of the Administrative Agent, Seminis will provide the Administrative Agent with written assurances and substantiations (including, but not limited to, the results of internal or external audit reports prepared in the ordinary course of business) reasonably acceptable to the Administrative Agent as to the capability of Seminis and its Subsidiaries to conduct its and their businesses and operations before, on and after January 1, 2000, without experiencing a Year 2000 Problem causing a material adverse effect on the business or financial affairs of Seminis and its Subsidiaries taken on a consolidated basis.
Year 2000 Assessment. On the basis of a comprehensive review and assessment undertaken by Borrower of Borrower's computer applications and inquiry made of Borrower's material suppliers, vendors and customers Borrower reasonably believes that the "Year 2000 problem" (that is, the risk that computer applications used by any person may be unable to recognize and perform properly date-sensitive functions involving certain dates prior to and any date after December 31, 1999) will not result in a material adverse change in the operations, business, properties, or condition (financial or otherwise) of the Borrower.
Year 2000 Assessment. The Company shall take all actions necessary and commit adequate resources to assure that its computerbased and other systems (and those of all Subsidiaries) are able to effectively process dates, including dates before, on and after January 1, 2000, without experiencing any Year 2000 Problem that would reasonably be expected to have a Material Adverse Effect. At the request of the Agent, the Company will provide the Agent with written assurances and substantiations (including, but not limited to, the results of internal or external audit reports prepared in the ordinary course of business) reasonably acceptable to the Agent as to the capability of the Company and its Subsidiaries to conduct its and their businesses and operations before, on and after January 1, 2000, without experiencing a Year 2000 Problem which would reasonably be expected to have a Material Adverse Effect.
Year 2000 Assessment. The Company shall take all actions necessary and commit adequate resources to assure that its computer-based and other systems (and those of all Subsidiaries) are able to effectively process dates, including dates before, on and after January 1, 2000, without experiencing any Year 2000 Problem that could cause a material adverse effect on the business or financial affairs of the Company (or of the Company and its Subsidiaries taken on a consolidated basis). At the request of the Banks, the Company will provide the Banks with written assurances and substantiations (including, but not limited to, the results of internal or external audit reports prepared in the ordinary course of business) reasonably acceptable to the Banks as to the capability of the Company and its Subsidiaries to conduct its and their businesses and operations before, on and after January 1, 2000, without experiencing a Year 2000 Problem causing a material adverse effect on the business or financial affairs of the Company (or of the Company and its Subsidiaries taken on a consolidated basis)."
Section 2.6. The portion of the Banks' signature pages to the Credit Agreement under the column headed "Amount of Commitments" shall be amended in its entirety and as so amended shall read as follows: Amount and Percentage of Commitments: Bank: $35,000,000 Harris Trust and Savings Bank (28%) $25,000,000 The First National Bank of Chicago (20%) $15,000,000 LaSalle National Bank (12%) $30,000,000 The Northern Trust Company (24%)
