Common use of Year 2000 Compliance Matters Clause in Contracts

Year 2000 Compliance Matters. Except for matters which, individually and in the aggregate, would not have a Material Adverse Effect on the Company, all proprietary and third-party licensed computer systems including computer hardware and software owned, leased or licensed by the Company and computer software incorporated in products manufactured by the Company and its Subsidiaries (a) will, prior to December 31, 1999, accurately and without interruption recognize the advent of the year 2000 without any adverse change in operation associated with such recognition, (b) can accurately and without interruption recognize and manipulate date information relating to dates prior to, on and after January 1, 2000 and (c) can accurately and without interruption interact with other year 2000 compliant computer systems and computer software in a way that does not compromise their ability to correctly recognize the advent of the year 2000 or to accurately and without interruption recognize and manipulate date information relating to dates prior to, on or after January 1, 2000. The costs of the adaptations to such computer systems, hardware and software being made by the Company and its Subsidiaries in order to achieve year 2000 compliance are not expected to have a Material Adverse Effect on the Company.

Appears in 2 contracts

Samples: Merger Agreement (Honeywell Inc), Merger Agreement (Alliedsignal Inc)

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Year 2000 Compliance Matters. Except for matters which, individually and in the aggregate, would not have a Material Adverse Effect on the CompanyParent, all proprietary and third-party licensed computer systems including computer hardware and software owned, leased or licensed by the Company Parent and computer software incorporated in products manufactured by the Company Parent and its Subsidiaries (a) will, prior to December 31, 1999, accurately and without interruption recognize recognize, the advent of the year 2000 without any adverse change in operation associated with such recognition, (b) can accurately and without interruption recognize and manipulate date information relating to dates prior to, on and after January 1, 2000 and (c) can accurately and without interruption interact with other year 2000 compliant computer systems and computer software in a way that does not compromise their ability to correctly recognize the advent of the year 2000 or to accurately and without interruption recognize and manipulate date information relating to dates prior to, on or after January 1, 2000. The costs of the adaptations to such computer systems, hardware and software being made by the Company Parent and its Subsidiaries in order to achieve year 2000 compliance are not expected to have a Material Adverse Effect on the CompanyParent.

Appears in 2 contracts

Samples: Merger Agreement (Honeywell Inc), Merger Agreement (Alliedsignal Inc)

Year 2000 Compliance Matters. Except for matters which, individually and in the aggregate, would not have a Material Adverse Effect on the CompanyIPIX, all proprietary and third-party licensed computer systems including computer hardware and software owned, leased or licensed by the Company IPIX and computer software incorporated in products manufactured produced by the Company IPIX and its Subsidiaries subsidiaries (a) will, prior to December 31, 1999, accurately and without interruption recognize the advent of the year 2000 without any adverse change in operation operations associated with such recognition, (b) can accurately and without interruption recognize and manipulate date information relating to dates prior to, on and after January 1, 2000 and (c) can accurately and without interruption interact with other year 2000 compliant computer systems and computer software in a way that does not compromise their ability to correctly recognize the advent of the year 2000 or to accurately and without interruption recognize and manipulate date information relating to dates prior to, on or after January 1, 2000. The costs of the adaptations to such computer systems, hardware and software being made by the Company IPIX and its Subsidiaries subsidiaries in order to achieve year 2000 compliance are not expected to have a Material Adverse Effect on the CompanyIPIX.

Appears in 2 contracts

Samples: Merger Agreement (Bamboo Com Inc), Merger Agreement (Interactive Pictures Corp)

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Year 2000 Compliance Matters. Except for matters which, individually and in the aggregate, would not have a Material Adverse Effect on the Companybamboo, all proprietary and third-party licensed computer systems including computer hardware and software owned, leased or licensed by the Company bamboo and computer software incorporated in products manufactured produced by the Company bamboo and its Subsidiaries subsidiaries (a) will, prior to December 31, 1999, accurately and without interruption recognize the advent of the year 2000 without any adverse change in operation operations associated with such recognition, (b) can accurately and without interruption recognize and manipulate date information relating to dates prior to, on and after January 1, 2000 and (c) can accurately and without interruption interact with other year 2000 compliant computer systems and computer software in a way that does not compromise their ability to correctly recognize the advent of the year 2000 or to accurately and without interruption recognize and manipulate date information relating to dates prior to, on or after January 1, 2000. The costs of the adaptations to such computer systems, hardware and software being made by the Company bamboo and its Subsidiaries subsidiaries in order to achieve year 2000 compliance are not expected to have a Material Adverse Effect on the Companybamboo.

Appears in 2 contracts

Samples: Merger Agreement (Bamboo Com Inc), Merger Agreement (Interactive Pictures Corp)

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