Common use of YEAR 2000 LIABILITIES Clause in Contracts

YEAR 2000 LIABILITIES. Neither Parent nor any of its Subsidiaries has any accrued, contingent or other liabilities of any nature, either matured or unmatured, including, without limitation, any liabilities relating to costs associated with insuring that all software (and related Parent Proprietary Assets) that is sold, licensed or transferred by Parent or any of its Subsidiaries to any Person, computer systems, any software utilized by the Parent or other components of the Parent's information technology infrastructure are Year 2000 Compliant (whether or not required to be reflected in financial statements in accordance with GAAP, and whether due or to become due), except for: (a) liabilities identified as such in the "liabilities" column of the Parent Unaudited Interim Balance Sheet as of June 30, 1998 included in the Parent's Quarterly Report on Form 10-Q for the quarter ended June 30, 1998; and (b) normal and recurring liabilities that have been incurred by Parent since the date of the Parent Unaudited Interim Balance Sheet in the ordinary course of business and consistent with past practices.