Common use of Year 2000 Problem Clause in Contracts

Year 2000 Problem. The Borrower and its Subsidiaries have reviewed the areas within their business and operations which could be adversely affected by, and have developed or are developing a program to address on a timely basis the "Year 2000 Problem" (that is, the risk that computer applications used by the Borrower and its Subsidiaries may be unable to recognize and perform properly date-sensitive functions involving certain dates prior to and any date after December 31, 1999). Based on such review and program, the Borrower reasonably believes that the "Year 2000 Problem" is not reasonably likely to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (NCS Healthcare Inc), Credit Agreement (Healthcare Recoveries Inc)

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Year 2000 Problem. The Borrower Borrowers and its their Subsidiaries have reviewed the areas within their business businesses and operations which could be adversely affected by, and have developed or are developing a program to address on a timely basis basis, the "Year 2000 Problem" (that isi.e., the risk that computer applications used by any of the Borrower and its Borrowers or any of their Subsidiaries may be unable to recognize and perform properly date-sensitive functions involving certain dates prior to and any date after December 31, 1999). Based on upon such review and programreview, the Borrower Borrowers reasonably believes believe that the "Year 2000 Problem" is will not reasonably likely to have any materially adverse effect on the business or financial condition of the Borrowers and their Subsidiaries, considered as a Material Adverse Effectwhole.

Appears in 1 contract

Samples: Revolving Credit Agreement (American Restaurant Group Inc)

Year 2000 Problem. The Borrower and its Subsidiaries have reviewed the areas within their business and operations which could be adversely affected by, and have developed or are developing a program to address on a timely basis the "Year 2000 Problem" (that isbasis, the risk that certain computer applications used by the Borrower and its Subsidiaries may be unable to recognize and perform properly date-sensitive functions involving certain dates prior to and any date after December 31, 19991999 (the "YEAR 2000 PROBLEM"). Based on such review and program, the Borrower reasonably believes that the "The Year 2000 Problem" Problem is not reasonably likely expected to have result in a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Range Resources Corp)

Year 2000 Problem. The Borrower and its Subsidiaries have reviewed or are reviewing the areas within their business businesses and operations which could be adversely affected by, and have developed or are developing developing, a program to address on a timely basis the "Year 2000 Problem" (that isi.e., the risk that computer applications used by the Borrower and or any of its Subsidiaries may be unable to recognize and perform properly datedata-sensitive functions involving certain dates prior to and any date after December 31, 1999). Based on upon such review and programreview, the Borrower reasonably believes that the "Year 2000 Problem" is will not reasonably likely to have a Material Adverse Effectany materially adverse effect on the business or financial condition of the Borrower or any of its Subsidiaries."

Appears in 1 contract

Samples: Amendment and Modification Agreement (Hadco Corp)

Year 2000 Problem. The Borrower and its Subsidiaries Borrowers have reviewed the areas within their business its businesses and operations which could be adversely affected by, and have developed or are developing a program to address on a timely basis basis, the "Year 2000 Problem" (that is, i.e. the risk that computer applications used by the Borrower and its Subsidiaries Borrowers may be unable to recognize and perform properly date-sensitive functions involving certain dates prior to and any date after December 31, 1999). Based on upon such review and programreview, the Borrower Borrowers reasonably believes believe taken as a whole that the "Year 2000 Problem" is will not reasonably likely to have a Material Adverse Effectany materially adverse effect on the business or financial condition of the Borrowers.

Appears in 1 contract

Samples: Revolving Credit Agreement (TRC Companies Inc /De/)

Year 2000 Problem. The Borrower and its Subsidiaries have reviewed the areas within their business businesses and operations which could be adversely affected by, and have developed or are developing a program to address on a timely basis basis, the "Year 2000 Problem" (that is, i.e. the risk that computer applications used by either the Borrower and or any of its Subsidiaries may be unable to recognize and perform properly date-sensitive functions involving certain dates prior to and any date after December 31, 1999). Based on upon such review and programreview, the Borrower reasonably believes that the "Year 2000 Problem" is will not reasonably likely to have any materially adverse effect on the business or financial condition of the Borrower and its Subsidiaries taken as a Material Adverse Effectwhole."

Appears in 1 contract

Samples: Revolving Credit Agreement (New England Business Service Inc)

Year 2000 Problem. The Borrower Borrowers and its their Subsidiaries have reviewed the areas within their business businesses and operations which could be adversely affected by, and have developed or are developing a program to address on a timely basis basis, the "Year 2000 Problem" (that is, i.e. the risk that computer applications used by any of the Borrower and its Borrowers or any of their Subsidiaries may be unable to recognize and perform properly date-sensitive functions involving certain dates prior to and any date after December 31, 1999). Based on upon such review and programreview, the Borrower Borrowers reasonably believes believe that the "Year 2000 Problem" is 72 -64- will not reasonably likely to have a Material Adverse Effectany materially adverse effect on the business or financial condition of the Borrowers or any of their Subsidiaries.

Appears in 1 contract

Samples: Revolving Credit Agreement (Transpro Inc)

Year 2000 Problem. The Borrower and its Subsidiaries have reviewed the areas within their business and operations which could be adversely affected by, and have developed or are developing a program to address on a timely basis basis, the "Year 2000 Problem" (that is, the risk that computer applications used by the Borrower and its Subsidiaries may be unable to recognize and perform properly date-sensitive functions involving certain dates prior to and any date after December 31, 1999). Based on such review and program, the Borrower reasonably believes that the "Year 2000 Problem" is will not reasonably likely to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Mechanical Technology Inc)

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Year 2000 Problem. The Borrower and its Subsidiaries have reviewed the areas within their business and operations which could be adversely affected by, and have developed or are developing a program to address on a timely basis the "Year 2000 Problem" (that isbasis, the risk that certain computer applications used by the Borrower and or its Subsidiaries (or any of their respective material suppliers, customers or vendors) may be unable to recognize and perform properly date-sensitive functions involving certain dates prior to and any date after December 31, 19991999 (the "YEAR 2000 PROBLEM"). Based on such review and program, the Borrower reasonably believes that the "The Year 2000 Problem" Problem is not reasonably likely expected to have result in a Material Adverse EffectChange.

Appears in 1 contract

Samples: Revolving Credit and Letter of Credit Issuance Agreement (Carbide Graphite Group Inc /De/)

Year 2000 Problem. The Borrower Borrowers and its their Subsidiaries have reviewed the areas within their business businesses and operations which could be adversely affected by, and have developed or are developing a program to address on a timely basis basis, the "Year 2000 Problem" (that is, i.e. the risk that computer applications used by the Borrower and its Borrowers or any of their Subsidiaries may be unable to recognize and perform properly date-sensitive functions involving certain dates prior to and any date after December 31, 1999). Based on upon such review and programreview, the Borrower Borrowers reasonably believes believe that the "Year 2000 Problem" is will not reasonably likely to have a Material Adverse Effectany materially adverse effect on the business or condition (financial or otherwise) of the Borrowers or any of their Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Starter Corp)

Year 2000 Problem. The Borrower and its Subsidiaries have reviewed the areas within their business businesses and operations which could be adversely affected by, and have developed or are developing a program to address on a timely basis basis, the "Year 2000 Problem" (that isi.e., the risk that computer applications used by the Borrower and or any of its Subsidiaries may be unable to recognize and perform properly date-sensitive functions involving certain dates prior to and any date after December 31, 1999). Based on upon such review and programreview, the Borrower reasonably believes that the "Year 2000 Problem" is will not reasonably likely to have a Material Adverse Effectany materially adverse effect on the business or financial condition of the Borrower or any of its Subsidiaries.

Appears in 1 contract

Samples: Revolving Credit Agreement (Aztec Technology Partners Inc /De/)

Year 2000 Problem. The Borrower and its Subsidiaries each Subsidiary have reviewed the areas within their business respective businesses and operations which have been, or could be be, adversely affected by, and have developed or are developing a program to address on a timely basis the "Year 2000 Problem" (that isbasis, the risk that certain computer applications used by the Borrower and or its Subsidiaries may be unable to recognize and perform properly date-sensitive functions involving certain dates prior to and any date after December 31, 1999). Based on such review and program, 1999 (the Borrower reasonably believes that the "β€œYear 2000 Problem" is ”). The Year 2000 Problem has not resulted in, and will not be reasonably likely to have result in, a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Cooper Tire & Rubber Co)

Year 2000 Problem. The Borrower and its Subsidiaries have reviewed the areas within their business and operations which could be adversely affected by, and have developed or are developing a program to address on a timely basis the "Year 2000 Problem" (that isbasis, the risk that certain computer applications used by the Borrower and or its Subsidiaries (or, to the best of the Borrower's knowledge, any of their respective material suppliers, customers or vendors) may be unable to recognize and perform properly date-sensitive functions involving certain dates prior to and any date after December 31, 19991999 (the "YEAR 2000 PROBLEM"). Based on such review and program, the Borrower reasonably believes that the "The Year 2000 Problem" is Problem will not reasonably likely to have a result in any Material Adverse EffectChange.

Appears in 1 contract

Samples: Revolving Credit and Letter of Credit Issuance Agreement (Pitt Des Moines Inc)

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