Common use of Year 2000 Problem Clause in Contracts

Year 2000 Problem. The Co-Borrowers and their respective 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 Company 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 Co-Borrowers reasonably believe that the "Year 2000 Problem" will not have a Material Adverse Effect.

Appears in 2 contracts

Sources: Credit Agreement (Cedar Fair L P), Credit Agreement (Cedar Fair L P)

Year 2000 Problem. The Co-Borrowers Borrower and their respective 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 Company 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 Co-Borrowers Borrower reasonably believe believes that the "Year 2000 Problem" will is not reasonably likely to have a Material Adverse Effect.

Appears in 2 contracts

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

Year 2000 Problem. The Co-Borrowers and their respective 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 Company 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 Co-Borrowers reasonably believe that the "Year 2000 Problem" will not 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

Sources: Credit Agreement (Starter Corp)

Year 2000 Problem. The Co-Borrowers Borrower and their respective 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 Company and Borrower 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 Co-Borrowers reasonably believe that the "The Year 2000 Problem" Problem will not have a result in any Material Adverse EffectChange.

Appears in 1 contract

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

Year 2000 Problem. The Co-Borrowers Borrower and their respective 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 Company and Borrower 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 Co-Borrowers Borrower reasonably believe believes that the "Year 2000 Problem" will not 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

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

Year 2000 Problem. The Co-Borrowers Borrower and their respective 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 Company and Borrower 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 Co-Borrowers Borrower reasonably believe believes that the "Year 2000 Problem" will not 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

Sources: Amendment and Modification Agreement (Hadco Corp)

Year 2000 Problem. The Co-Borrowers Borrower and their respective 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 Company 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 Co-Borrowers Borrower reasonably believe believes that the "Year 2000 Problem" will not have a Material Adverse Effect.

Appears in 1 contract

Sources: Credit Agreement (Mechanical Technology Inc)

Year 2000 Problem. The Co-Borrowers Borrower and their respective 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 Company and Borrower 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 Co-Borrowers reasonably believe that the "β€œYear 2000 Problem" ”). The Year 2000 Problem has not resulted in, and will not have be reasonably likely to result in, a Material Adverse Effect.

Appears in 1 contract

Sources: Credit Agreement (Cooper Tire & Rubber Co)

Year 2000 Problem. The Co-Borrowers Borrower and their respective 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 Company and Borrower 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 Co-Borrowers reasonably believe that the "The Year 2000 Problem" will Problem is not have expected to result in a Material Adverse EffectChange.

Appears in 1 contract

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

Year 2000 Problem. The Co-Borrowers and their respective 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 Company 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 Co-Borrowers reasonably believe that the "Year 2000 Problem" 72 -64- will not 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

Sources: Revolving Credit Agreement (Transpro Inc)

Year 2000 Problem. The Co-Borrowers and their respective 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 Company 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 Co-Borrowers reasonably believe that the "Year 2000 Problem" will not 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

Sources: Revolving Credit Agreement (American Restaurant Group Inc)