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 IPIX, all proprietary and third-party licensed computer systems including computer hardware and software owned, leased or licensed by IPIX and computer software incorporated in products produced by IPIX 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 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 IPIX and its subsidiaries in order to achieve year 2000 compliance are not expected to have a Material Adverse Effect on IPIX.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Bamboo Com Inc), Agreement and Plan of Merger (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 IPIXthe Company, all proprietary and third-party licensed computer systems including computer hardware and software owned, leased or licensed by IPIX the Company and computer software incorporated in products produced manufactured by IPIX the Company 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 operations 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 IPIX the Company and its subsidiaries Subsidiaries in order to achieve year 2000 compliance are not expected to have a Material Adverse Effect on IPIXthe Company.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Alliedsignal Inc), Agreement and Plan of Merger (Honeywell Inc)

Year 2000 Compliance Matters. Except for matters which, individually and in the aggregate, would not have a Material Adverse Effect on IPIXbamboo, all proprietary and third-party licensed computer systems including computer hardware and software owned, leased or licensed by IPIX bamboo and computer software incorporated in products produced by IPIX bamboo 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 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 IPIX bamboo and its subsidiaries in order to achieve year 2000 compliance are not expected to have a Material Adverse Effect on IPIXbamboo.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Bamboo Com Inc), Agreement and Plan of Merger (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 IPIXParent, all proprietary and third-party licensed computer systems including computer hardware and software owned, leased or licensed by IPIX Parent and computer software incorporated in products produced manufactured by IPIX Parent and its subsidiaries 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 operations 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 IPIX Parent and its subsidiaries Subsidiaries in order to achieve year 2000 compliance are not expected to have a Material Adverse Effect on IPIXParent.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Honeywell Inc), Agreement and Plan of Merger (Alliedsignal Inc)

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