Common use of Year 2000 Compliance Clause in Contracts

Year 2000 Compliance. Borrower and its subsidiaries, as applicable, have reviewed the areas within their operations and business which could be adversely affected by, and have developed or are developing a program to address on a timely basis, the Year 2000 Problem and have made related appropriate inquiry of material suppliers and vendors, and based on such review and program, the Year 2000 Problem will not have a material adverse effect upon its financial condition, operations or business as now conducted. "Year 2000 Problem" means the possibility that any computer applications or equipment used by Borrower may be unable to recognize and properly perform date sensitive functions involving certain dates prior to and any dates one or after December 31, 1999.

Appears in 8 contracts

Samples: Credit Agreement and Promissory Note (LXN Corp), Credit Agreement (Motorvac Technologies Inc), Credit Agreement (Clearcommerce Corp)

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Year 2000 Compliance. Borrower and its subsidiaries, as applicable, have reviewed the areas within their operations and business which could be adversely affected by, and have developed or are developing a program to address on a timely basis, the Year 2000 Problem and have made related appropriate inquiry of material suppliers and vendors, and based on such review and program, the Year 2000 Problem will not have a material adverse effect upon its financial condition, operations or business as now conducted. "Year 2000 Problem" means the possibility that any computer applications or equipment used by Borrower may be unable to recognize and properly perform date sensitive functions involving certain dates prior to and any dates one on or after December 31, 1999.

Appears in 5 contracts

Samples: Credit Agreement (Micro General Corp), Credit Agreement (PDF Solutions Inc), Credit Agreement (Mp3 Com Inc)

Year 2000 Compliance. Borrower and its subsidiaries, as applicable, have has reviewed the areas within their operations and business which could be adversely affected by, and have developed or are developing a program to address on a timely basis, the Year 2000 Problem and have made related appropriate inquiry of material suppliers and vendors, and based on such review and program, the Year 2000 Problem will not have a material adverse effect upon its financial condition, operations or business as now conducted. "Year 2000 Problem" means the possibility risk that any computer applications or equipment used by Borrower may be unable to recognize and properly perform date date-sensitive functions involving certain dates prior to and any dates one or after December 31, 1999.

Appears in 2 contracts

Samples: Loan Agreement (Silicon Laboratories Inc), Credit Agreement (Active Power Inc)

Year 2000 Compliance. As of the date hereof, the Borrower is not aware of any areas within the business and operations of it and its subsidiaries, as applicable, have reviewed the areas within their operations and business which Subsidiaries that could be adversely affected by, and have developed or are developing a program to address on a timely basis, by the Year 2000 Problem and have made related appropriate inquiry of material suppliers and vendors, and based on such review and program, the Year 2000 Problem will not have a material adverse effect upon its financial condition, operations or business as now conducted. "Year 2000 Problem" means (that is, the possibility risk that any computer applications or equipment used by the Borrower or its Subsidiaries may be unable to recognize and perform properly perform date date-sensitive functions involving certain dates prior to and any dates one or date after December 31, 1999).

Appears in 1 contract

Samples: Credit Agreement (Oreilly Automotive Inc)

Year 2000 Compliance. Borrower and its subsidiariesSubsidiaries, as applicable, have reviewed the areas within their operations and business which could be adversely affected by, and have developed or are developing a program to address on a timely basis, the Year 2000 Problem and have made related appropriate inquiry of material suppliers and vendors, and based on such review and program, the Year 2000 Problem will not have a material adverse effect upon its their financial condition, operations or business as now conducted. "Year 2000 Problem" means the possibility that any computer applications or equipment used by Borrower may be unable to recognize and properly perform date sensitive functions involving certain dates prior to and any dates one on or after December 31, 1999.

Appears in 1 contract

Samples: Credit Agreement (Sitek Inc)

Year 2000 Compliance. Borrower and its subsidiaries, as applicable, have has reviewed the areas within their operations and business which could be adversely affected by, and have developed or are developing a program to address on a timely basis, the Year 2000 Problem and have made related appropriate inquiry of material suppliers and vendors, and based on such review and program, the Year 2000 Problem will not have a material adverse effect upon its financial condition, operations or business as now conducted. "Year 2000 Problem" means the possibility risk that any computer applications or equipment used by Borrower may be unable to recognize and properly perform date date-sensitive functions involving certain dates prior to and any dates one on or after December 31, 1999.

Appears in 1 contract

Samples: Loan and Security Agreement (Lifeminders Com Inc)

Year 2000 Compliance. Borrower and its subsidiaries, as applicable, have reviewed the areas within their operations and business which could be adversely affected by, and have developed or are developing a program to address on a timely basis, the Year 2000 Problem and have made related appropriate inquiry of material suppliers and vendors, and based on such review and program, to the best of Borrower's knowledge, the Year 2000 Problem will not have a material adverse effect upon its financial condition, operations or business as now conducted. "Year 2000 Problem" means the possibility that any computer applications or equipment used by Borrower may be unable to recognize and properly perform date sensitive functions involving certain dates prior to and any dates one or after December 31, 1999.

Appears in 1 contract

Samples: Credit Agreement (Trega Biosciences Inc)

Year 2000 Compliance. Borrower and its subsidiaries, as applicable, have reviewed the areas within their operations and business which could be adversely affected by, and have developed or are developing a program to address on a timely basis, the Year 2000 Problem and have made related appropriate inquiry of material suppliers and vendors, and based on such review and program, the Year 2000 Problem will is not likely to have a material adverse effect upon its financial condition, operations or business as now conducted. "Year 2000 Problem" means the possibility that any computer applications or equipment used by Borrower may be unable to recognize and properly perform date sensitive functions involving certain dates prior to and any dates one or after December 31, 1999.

Appears in 1 contract

Samples: Credit Agreement (Tekelec)

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Year 2000 Compliance. Borrower and its subsidiaries, as applicable, have reviewed the areas within their operations and business which could be adversely affected by, and have developed or are developing a program to address on a timely basis, the Year 2000 Problem and have made related appropriate inquiry of material suppliers and vendors, and based on such review and program, the Year 2000 Problem will not have a material adverse effect upon its financial condition, operations or business as now conducted. "Year 2000 Problem" means the possibility that any computer applications or equipment used by Borrower may be unable to recognize and properly perform date sensitive functions involving certain dates prior to and any dates date one or after December 31, 1999.

Appears in 1 contract

Samples: Credit Agreement (Cardiodynamics International Corp)

Year 2000 Compliance. Borrower Company and its subsidiaries, as applicable, Subsidiaries have reviewed the areas within their operations and business which could be adversely affected by, and have developed or are developing a program to address on a timely basis, the Year 2000 Problem and have made related appropriate inquiry of material suppliers and vendors, and based on such review and program, the Year 2000 Problem will not have a material adverse effect Material Adverse Effect upon its financial condition, operations or business as now conducted. "Year 2000 Problem" means the possibility that any computer applications or equipment used by Borrower may be unable to recognize and properly perform date date-sensitive functions involving certain dates prior to and any dates one on or after December 31, 1999.

Appears in 1 contract

Samples: Credit Agreement (Three Five Systems Inc)

Year 2000 Compliance. Borrower and its subsidiaries, as applicable, have reviewed the areas within their operations and business which could be adversely affected by, and have developed or are developing a program to address on a timely basis, the Year 2000 Problem and have made related appropriate inquiry of material suppliers and vendors, and based on such review and program, the Year 2000 Problem will not have a material adverse effect upon its consolidated financial condition, operations or business as now conducted. "Year 2000 Problem" means the possibility that any computer applications or equipment used by Borrower may be unable to recognize and properly perform date sensitive functions involving certain dates prior to and any dates one on or after December 31, 1999.

Appears in 1 contract

Samples: Credit Agreement (Eco Soil Systems Inc)

Year 2000 Compliance. (a) The Borrower and its subsidiaries, as applicable, Subsidiaries have reviewed the areas within their operations and business which could be adversely affected by, and have developed or are developing a program to address on a timely basis, the Year 2000 Problem and have made related appropriate inquiry of material suppliers and vendors, and based on such review and program, the Year 2000 Problem will not have a material adverse effect upon its financial condition, operations or business as now conducted. "Year 2000 Problem" means the possibility that any computer applications or equipment used by the Borrower may be unable to recognize and properly perform date date-sensitive functions involving certain dates prior to and any dates one on or after December 31, 1999.

Appears in 1 contract

Samples: Credit Agreement (Microsemi Corp)

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