Common use of Year 2000 Covenant Clause in Contracts

Year 2000 Covenant. Borrower has reviewed, or will expeditiously review, its operations and those of Guarantors, suppliers and customers with a view to assessing whether its businesses, or the businesses of any of Guarantors, will be vulnerable to a Year 2000 Problem or will be vulnerable to the effects of a Year 2000 Problem suffered by any of Borrower's or any of the Guarantor's major commercial counter-parties. Borrower shall take all actions necessary and commit adequate resources to assure that its computer-based and other systems (and those of all Guarantors) are able to effectively process data, including dates before, on and after January 1, 2000, without experiencing any Year 2000 Problem that could cause a Material Adverse Effect. At the request of Lenders, Borrower will provide Lenders with 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 Lenders as to the capability of Borrower and Guarantors 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. Borrower represents and warrants that it has a reasonable basis to believe that no Year 2000 Problem will cause a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Facility Agreement (Dycom Industries Inc)

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Year 2000 Covenant. Each Borrower has reviewed, or will expeditiously review, its operations and those of Guarantors, suppliers and customers its Subsidiaries with a view to assessing whether its businesses, or the businesses of any of Guarantorsits Subsidiaries, will be vulnerable to a Year 2000 Problem or will be vulnerable to the effects of a Year 2000 Problem suffered by any of BorrowerCompany's or any of the Guarantor's its Subsidiaries' major commercial counter-parties. Each Borrower shall take all actions necessary and commit adequate resources to assure that its computer-based and other systems (and those of all GuarantorsSubsidiaries) are able to effectively process data, including dates before, on and after January 1, 2000, without experiencing any Year 2000 Problem that could cause a Material Adverse Effect. At the request of LendersAdministrative Agent, each Borrower will provide Lenders Administrative Agent with assurances and substantiations (including, but not limited to, including without limitation the results of internal or external audit reports prepared in the ordinary course of business) reasonably acceptable to Lenders Administrative Agent as to the capability of each Borrower and Guarantors 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. Each Borrower represents and warrants that it has a reasonable basis to believe that no Year 2000 Problem will cause a Material Adverse Effect.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Goss Holdings Inc)

Year 2000 Covenant. Each Borrower has reviewed, or will expeditiously review, its operations and those of Guarantors, suppliers and customers its Subsidiaries with a view to assessing whether its businesses, or the businesses of any of Guarantorsits Subsidiaries, will be vulnerable to a Year 2000 Problem or will be vulnerable to the effects of a Year 2000 Problem suffered by any of BorrowerCompany's or any of the Guarantor's its Subsidiaries' major commercial counter-parties. Each Borrower shall take all actions necessary and commit adequate resources to assure that its computer-based and other systems (and those of all GuarantorsSubsidiaries) are able to effectively process data, including dates before, on and after January 1, 2000, without experiencing any Year 2000 Problem that could cause a Material Adverse Effect. At the request of LendersAgent, each Borrower will provide Lenders Agent with assurances and substantiations (including, but not limited to, including without limitation the results of internal or external audit reports prepared in the ordinary course of business) reasonably acceptable to Lenders Agent as to the capability of each Borrower and Guarantors 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. Each Borrower represents and warrants that it has a reasonable basis to believe that no Year 2000 Problem will cause a Material Adverse Effect.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Goss Graphic Systems Inc)

Year 2000 Covenant. The Borrower has reviewedreviewed , or will expeditiously review, review its operations and those of Guarantors, suppliers and customers the Guarantors with a view to assessing whether its businesses, or the businesses of any of the Guarantors, will be vulnerable to a Year 2000 Problem or will be vulnerable to the effects of a Year 2000 Problem suffered by any of the Borrower's or any of the Guarantor's major commercial counter-parties. The Borrower shall take all actions necessary and commit adequate resources to assure that its computer-based and other systems (and those of all Guarantors) are able to effectively process data, including dates before, on and after January 1, 2000, without experiencing any Year 2000 Problem that could cause a Material Adverse Effect. At the request of the Lenders, the Borrower will provide the Lenders with 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 Lenders as to the capability of the Borrower and the Guarantors 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. The Borrower represents and warrants that it has a reasonable basis to believe that no Year 2000 Problem will cause a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Facility Agreement (Dycom Industries Inc)

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Year 2000 Covenant. Each Borrower has reviewed, or will expeditiously review, its operations and those of Guarantors, suppliers and customers its Subsidiaries with a view to assessing whether its businesses, or the businesses of any of Guarantorsits Subsidiaries, will be vulnerable to a Year 2000 Problem or will be vulnerable to the effects of a Year 2000 Problem suffered by any of BorrowerCompany's or any of the Guarantor's its Subsidiaries' major commercial counter-parties. Each Borrower shall take all actions necessary and commit adequate resources to assure that its computer-based and other systems (and those of all GuarantorsSubsidiaries) are able to effectively process data, including dates before, on and after January 1, 2000, without experiencing any Year 2000 Problem that could cause a Material Adverse Effect. At the request of LendersAdministrative Agent, each Borrower will provide Lenders Administrative Agent with assurances and substantiations (including, but not limited to, including without limitation the results of internal or external audit reports prepared in the ordinary course of business) reasonably acceptable to Lenders Administrative Agent as to the capability of each Borrower and Guarantors 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. Each Borrower represents and warrants that it has a reasonable basis to believe that no Year 2000 Problem will cause a Material Adverse Effect."

Appears in 1 contract

Samples: Credit Agreement (Goss Graphic Systems Inc)

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