Common use of Year 2000 Issue Clause in Contracts

Year 2000 Issue. Take, and shall cause each of its Subsidiaries to take, all necessary action to complete by September 29, 1999, the reprogramming of computer software, hardware and firmware systems and equipment containing embedded microchips owned or operated by or for the Borrower and its Subsidiaries or used or relied upon in the conduct of their business (including systems and equipment supplied by others or with which such systems of the Borrower or any of its Subsidiaries interface) required as a result of the Year 2000 Issue to permit the proper functioning of such computer systems and other equipment and the testing of such systems and equipment, as so reprogrammed, except where the failure to do such reprogramming or testing could not reasonably be expected to have a Material Adverse Effect. At the request of the Administrative Agent, the Borrower shall provide, and shall cause each of its Subsidiaries to provide, to the Administrative Agent reasonable assurance of its compliance with the preceding sentence.

Appears in 2 contracts

Samples: Credit Agreement (Arch Communications Group Inc /De/), Credit Agreement (Arch Communications Group Inc /De/)

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Year 2000 Issue. Take, and shall cause each of its the Material Subsidiaries to take, all reasonably necessary action to complete by September 29December 31, 1999, the reprogramming of computer software, hardware and firmware systems and equipment containing embedded microchips owned or operated by or for the Borrower and its the Material Subsidiaries or used or relied upon in the conduct of their business (including systems and equipment supplied by others or with which such systems of the Borrower or any of its the Material Subsidiaries interface) required as a result of the Year 2000 Issue to permit the proper functioning of such computer systems and other equipment and the testing of such systems and equipment, as so reprogrammed, except where the failure to do such reprogramming or testing could not reasonably be expected to have a Material Adverse Effect. At the request of the Administrative Agent, the Borrower shall provide, and shall cause each of its the Material Subsidiaries to provide, to the Administrative Agent reasonable assurance of its compliance with the preceding sentence.

Appears in 2 contracts

Samples: Credit Agreement (Cleco Utility Group Inc), Credit Agreement (Cleco Utility Group Inc)

Year 2000 Issue. Take, and shall cause each of its Subsidiaries to take, all necessary action to complete by September 29December 31, 1999, the reprogramming of computer software, hardware and firmware systems and equipment containing embedded microchips owned or operated by or for the Borrower and its Subsidiaries or used or relied upon in the conduct of their business (including systems and equipment supplied by others or with which such systems of the Borrower or any of its Subsidiaries interface) required as a result of the Year 2000 Issue to permit the proper functioning of such computer systems and other equipment and the testing of such systems and equipment, as so reprogrammed, except where the failure to do such reprogramming or testing could not reasonably be expected to have a Material Adverse Effect. At the request of the Administrative Agent, the Borrower shall provide, and shall cause each of its Subsidiaries to provide, to the Administrative Agent reasonable assurance of its compliance with the preceding sentence.

Appears in 1 contract

Samples: Day Credit Agreement (Cleco Corp)

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Year 2000 Issue. TakeThe Borrower shall, and shall cause each of its Subsidiaries to taketo, take all necessary action to complete by September 29October 31, 1999, the reprogramming of computer software, hardware and firmware systems and equipment containing embedded microchips owned or operated by or for the Borrower and its the Subsidiaries or used or relied upon in the conduct of their business (including systems and equipment supplied by others or with which such systems of the Borrower or any of its and the Subsidiaries interface) required as a result of the Year 2000 Issue to permit the proper functioning of such computer systems and other equipment and the testing of such systems and equipment, as so reprogrammed, except where the failure to do such reprogramming or testing so could not reasonably be expected to have result in a Material Adverse Effect. At the request of the Administrative Agent, the Borrower shall providewill, and shall will cause each of its the Subsidiaries to provideto, provide to the Administrative Agent reasonable assurance of its compliance with the preceding sentence.

Appears in 1 contract

Samples: Credit Agreement (Genmar Holdings Inc)

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