YEAR 2000 COMPLIANCE PROGRAM Sample Clauses

YEAR 2000 COMPLIANCE PROGRAM. The Borrower agrees to (a) conduct a detailed inventory and assessment of all of its computer hardware and software systems and imbedded chip technology ("INFORMATION SYSTEMS") and of its business and operations that could be adversely affected by its failure to be Year 2000 Compliant on a timely basis; (b) develop, fund and implement a project plan to make its Information Systems Year 2000 Compliant, and complete implementation of the plan and the remediation and testing of its Information Systems no later than June 30, 1999; and (c) initiate a process to determine whether its material suppliers, vendors and customers have taken meaningful steps to become Year 2000 Compliant on a timely basis, and develop and implement a feasible contingency plan to ensure the uninterrupted and unimpaired operation of its business in the event of the failure of the systems of such third parties or of its own Information Systems no later than June 30, 1999. For purposes of this covenant, "YEAR 2000 COMPLIANT" means that the Borrower's Information Systems that are material to its operations and financial condition will be able to properly process date sensitive functions before, on and after December 31, 1999. The Borrower will also provide the Lender promptly upon receipt, copies of any reports or management letters relating to its Year 2000 compliance project and contingency plans, either internally prepared or prepared by outside consultants or its accountants, and will provide such other information relating to its Year 2000 compliance efforts, and deliver such certifications by its officers relating thereto as the Lender in its discretion may deem appropriate.
Sample 1
AutoNDA by SimpleDocs
YEAR 2000 COMPLIANCE PROGRAM. (a) Each Borrower will (i) conduct a detailed inventory and assessment of all of its computer hardware and software systems and imbedded chip technology (AInformation System@) and of its business and operations that could be adversely affected by its failure to be Year 2000 Compliant on a timely basis; (ii) develop, fund, and implement a project plan to make its Information Systems Year 2000 Compliant, and complete implementation of the plan and the remediation and testing of its information Systems no later than March 31, 1999; and (iii) initiate a process to determine whether its material suppliers, vendors, and customers have taken meaningful steps to become Year 2000 Compliant on a timely basis, and develop and implement a feasible contingency plan to ensure the uninterrupted and unimpaired operation of its business in the event of the failure of the systems of such third parties or of its own Information Systems no later than March 31, 1999. For purposes of this covenant, AYear 2000 Compliant@ means that the Borrower's Information Systems that are material to its operations and financial condition will be able to properly process date sensitive functions before, on, and after December 31, 1999.
Sample 1
YEAR 2000 COMPLIANCE PROGRAM. The Borrower and its Restricted Subsidiaries are in the process of implementing a year 2000 compliance program.
Sample 1
YEAR 2000 COMPLIANCE PROGRAM. The Agent shall be reasonably satisfied with the Borrower's year 2000 compliance program. The request by the Borrower for, and the acceptance by the Borrower of, each Tranche A Extension of Credit hereunder shall be deemed to be a representation and warranty by the Borrower that the conditions specified in this subsection for the making of such Tranche A Extension of Credit shall have been satisfied at that time.
Sample 1
YEAR 2000 COMPLIANCE PROGRAM. The BORROWER has (1) conducted a detailed inventory and assessment of all of its computer hardware and software systems and imbedded chip technology ("Information Systems") and of its business and operations that could be adversely affected by its failure to be Year 2000 Compliant on a timely basis; (2) developed, funded, and implemented a project plan to make its Information Systems Year 2000 Compliant, and completed implementation of the plan and the remediation and testing of its Information Systems; and (3) initiated a process to determine whether its material suppliers, vendors, and customers have taken meaningful steps to become Year 2000 Compliant on a timely basis, and developed and implemented a feasible contingency plan to ensure the uninterrupted and unimpaired operation of its business in the event of the failure of the systems of such third parties or of its own Information Systems.
Sample 1
YEAR 2000 COMPLIANCE PROGRAM. Fort James shall continue through the Closing Date the implexxxxxtion, in accordance with the capital plan, of its existing program with respect to Year 2000 compliance in connection with the Business.
Sample 1
YEAR 2000 COMPLIANCE PROGRAM. Fort Xxxxx shall continue through the Closing Date the implementation, in accordance with the capital plan, of its existing program with respect to Year 2000 compliance in connection with the Business.
Sample 1
AutoNDA by SimpleDocs
YEAR 2000 COMPLIANCE PROGRAM. Sellers shall continue to implement through the Closing Date, in accordance with the CapX Plan, its existing program with respect to Year 2000 compliance in connection with the Business, with such adjustments and additional expenditures as may be necessary to prevent the representation in Section 5.21 from becoming untrue.
Sample 1

Related to YEAR 2000 COMPLIANCE PROGRAM

  • Year 2000 Compliance Borrower will promptly notify the Administrative Agent in the event Borrower discovers or determines that any computer application that is material to its or any of its Subsidiaries' business and operations will not be Year 2000 compliant on a timely basis, except to the extent that such failure is not reasonably expected to be a Material Adverse Event.

  • Year 2000 Compliant Borrower shall perform all acts reasonably necessary to ensure that (a) Borrower and any business in which Borrower holds a substantial interest, and (b) all customers, suppliers and vendors whose compliance is likely to be material to Borrower's business, become Year 2000 Compliant in a timely manner. Such acts shall include, without limitation, performing a comprehensive review and assessment of all Borrower's systems and adopting a detailed plan, with itemized budget, for the remediation, monitoring and testing of such systems. As used in this paragraph, "Year 2000 Compliant" shall mean, in regard to any entity, that all software, hardware, firmware, equipment, goods or systems utilized by or material to the business operations or financial condition of such entity, will properly perform date sensitive functions before, during and after the year 2000. Borrower shall, immediately upon request, provide to Agent such certifications or other evidence of Borrower's compliance with the terms of this paragraph as Bank may from time to time require.

  • Compliance Program The Company has established and administers a compliance program applicable to the Company, to assist the Company and the directors, officers and employees of the Company in complying with applicable regulatory guidelines (including, without limitation, those administered by the FDA, the EMA, and any other foreign, federal, state or local governmental or regulatory authority performing functions similar to those performed by the FDA or EMA); except where such noncompliance would not reasonably be expected to have a Material Adverse Effect.

  • Year 2000 Compatibility Borrower shall take all action necessary to assure that Borrower's computer based systems are able to operate and effectively process data including dates on and after January 1, 2000. At the request of Bank, Borrower shall provide Bank assurance acceptable to Bank of Borrower's Year 2000 compatibility.

  • Compliance Control Services (1) Support reporting to regulatory bodies and support financial statement preparation by making the Fund's accounting records available to the Trust, the Securities and Exchange Commission (the “SEC”), and the independent accountants.

  • Performance and Compliance Purchaser shall have performed all of the covenants and complied, in all material respects, with all the provisions required by this Agreement to be performed or complied with by it on or before the Closing.

  • Regulatory Compliance Program of the Sub-Adviser The Sub-Adviser hereby represents and warrants that:

  • Money Market Fund Compliance Testing and Reporting Services Subject to the authorization and direction of the Trust and, in each case where appropriate, the review and comment by the Trust’s independent accountants and legal counsel, and in accordance with procedures that may be established from time to time between the Trust and the Administrator, the Administrator will:

  • Performance Reporting For Performance Reporting (including After-Tax Performance Reporting), Ultimus charges each Portfolio a fee of $200 per month.

  • Performance Tests Contractor shall perform Performance Tests in accordance with Section 11.2 of the Agreement and Attachment S.

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