Common use of Year 2000 Issue Clause in Contracts

Year 2000 Issue. Any reprogramming and related testing required to permit the proper functioning of the Credit Parties' computer systems in and following the year 2000 will be completed in all material respects prior to September 1, 1999 (that is, the Credit Parties will be "Year 2000 Compliant"), and the cost to the Credit Parties of such reprogramming and testing will not result in a Default or Event of Default or a Material Adverse Effect. Except for such reprogramming referred to in the preceding sentence as may be necessary, the computer and management information systems of the Credit Parties and their Subsidiaries are and, with ordinary course upgrading and maintenance, will continue for the term of this Agreement to be, adequate for the conduct of its business.

Appears in 2 contracts

Samples: Credit Agreement (Advanced Glassfiber Yarus LLC), Credit Agreement (BGF Industries Inc)

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Year 2000 Issue. Any reprogramming and related testing required to permit the proper functioning of the Credit Parties' material computer systems in and following the year 2000 will be completed in all material respects prior to September December 1, 1999 (that is, the Credit Parties will be "Year 2000 Compliant"), and the cost to the Credit Parties of such reprogramming and testing will not result in a Default or Event of Default or a Material Adverse Effect. Except for such reprogramming referred to in the preceding sentence as may be necessary, the computer and management information systems of the Credit Parties and their Subsidiaries are and, with ordinary course upgrading and maintenance, will continue for the term of this Credit Agreement to be, adequate for the conduct of its businessbusiness as reasonably determined by the Borrower.

Appears in 1 contract

Samples: Credit Agreement (International Speedway Corp)

Year 2000 Issue. Any reprogramming and related testing required to permit the proper functioning of the Credit Parties' computer systems in and following the year 2000 will be completed in all material respects prior to September 129, 1999 (that is, the Credit Parties will be "Year 2000 Compliant"), and the cost to the Credit Parties of such reprogramming and testing will not result in a Default or Event of Default or a Material Adverse Effect. Except for such reprogramming referred to in the preceding sentence as may be necessary, the computer and management information systems of the Credit Parties and their Subsidiaries are and, with ordinary course upgrading and maintenance, will continue for the term of this Agreement to be, adequate for the conduct of its business.

Appears in 1 contract

Samples: Credit Agreement (TTM Technologies Inc)

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Year 2000 Issue. Any reprogramming and related testing required to permit the proper functioning of the Domestic Credit Parties' or, to our knowledge, the Foreign Credit Parties' computer systems in and following the year 2000 will be completed in all material respects prior to September 1, 1999 (that is, the Credit Parties will be "Year 2000 Compliant")1999, and the cost to the Credit Parties of such reprogramming and testing will not result in a Default or Event of Default or a Material Adverse Effect. Except for such reprogramming referred to in the preceding sentence as may be necessary, the computer and management information systems of the Credit Parties and their Subsidiaries are and, with ordinary course upgrading and maintenance, will continue for the term of this Agreement to be, adequate for the conduct of its business.

Appears in 1 contract

Samples: Credit Agreement (Galey & Lord Inc)

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