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 in all material respects by March 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. At the request of the Bank, the Borrower shall provide, and shall cause each of its Subsidiaries to provide, to the Bank reasonable assurance of its compliance with the preceding sentence.

Appears in 1 contract

Samples: Loan Agreement (Integramed America Inc)

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Year 2000 Issue. Take, and shall cause each of its Subsidiaries to take, all necessary action to complete in all material materials respects by March 31June 30, 1999, the reprogramming of computer software, hardware and firmware systems and equipment containing embedded microchips owned or operated by or for the such 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 such 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. At the request of the BankAgent, the such Borrower shall provide, and shall cause each of its Subsidiaries to provide, to the Bank Agent reasonable assurance of its compliance with the preceding sentence."

Appears in 1 contract

Samples: Credit Agreement (Doral Financial Corp)

Year 2000 Issue. Take, and shall cause each of its Subsidiaries to take, all necessary action to complete in all material materials respects by March 31June 30, 1999, the reprogramming of computer software, hardware and firmware systems and equipment containing embedded microchips owned or operated by or for the such 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 such 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. At the request of the BankAgent, the such Borrower shall provide, and shall cause each of its Subsidiaries to provide, to the Bank Agent reasonable assurance of its compliance with the preceding sentence.

Appears in 1 contract

Samples: Credit Agreement (Doral Financial Corp)

Year 2000 Issue. TakeThe Borrower will, and shall will cause each of its Subsidiaries the Subsidiaries, to take, take all necessary action to complete in all material respects by March 31September 30, 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. At the request of the BankAdministrative Agent, the Borrower shall providewill, and shall will cause each of its the Subsidiaries to provideto, provide to the Bank Administrative Agent reasonable assurance of its compliance with the preceding sentence.

Appears in 1 contract

Samples: Credit Agreement (Insight Communications Co Inc)

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Year 2000 Issue. Take, and shall cause each of its Principal Subsidiaries to take, all necessary action to complete in all material respects by March October 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. At the request of the Administrative Agent or any Bank, the Borrower shall provide, and shall cause each of its Subsidiaries to provide, to the Administrative Agent and each Bank reasonable assurance of its compliance with the preceding sentence.

Appears in 1 contract

Samples: Loan Agreement (Griffon Corp)

Year 2000 Issue. TakeEach Borrower shall take, and shall cause each of its Subsidiaries to take, all necessary action to complete in all material respects by March October 31, 1999, the reprogramming of computer software, hardware and firmware systems and equipment containing embedded microchips owned or operated by or for the such 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 such 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. At the request of the BankAgent, the each Borrower shall provide, and shall cause each of its Subsidiaries to provide, to the Bank Agent and the Banks reasonable assurance of its compliance with the preceding sentence.

Appears in 1 contract

Samples: Loan Agreement (Medallion Financial Corp)

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