Common use of Year 2000 Problem Clause in Contracts

Year 2000 Problem. The Borrowers have reviewed the areas within their business and operations which could be adversely affected by, and have developed a program to address on a timely basis, the Year 2000 Problem. Based on such review, program and inquiries, the Borrowers reasonably believe that the "Year 2000 Problem" will not have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Thane International Inc), Credit Agreement (Thane International Inc)

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Year 2000 Problem. The Borrowers Borrower and its Subsidiaries have reviewed the areas within their operations and 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. Based Problem and have made related appropriate inquiry of material suppliers and vendors, and based on such review, program review and inquiriesprogram, the Borrowers reasonably believe that the "Year 2000 Problem" Problem will not have a Material Adverse EffectEffect upon its financial condition, operations or business as now conducted.

Appears in 1 contract

Samples: Loan and Security Agreement (Tegal Corp /De/)

Year 2000 Problem. The Borrowers have Each of the Borrower and each Subsidiary has reviewed the areas within their its 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 such Person and its Subsidiaries may be unable to recognize and perform properly date-sensitive functions involving certain dates prior to and any date on or after December 31, 1999), and have made related appropriate inquiry of material suppliers and vendors. Based on such reviewreview and program, program and inquiries, the Borrowers reasonably believe such Person believes that the "Year 2000 Problem" will not have a Material Adverse Effectmaterial adverse effect on the Borrower and the Subsidiaries taken as a whole.

Appears in 1 contract

Samples: Receivables Loan Agreement (Eagle Picher Technologies LLC)

Year 2000 Problem. The Borrowers have Borrower has reviewed the areas within their its operations and business and operations which could be materially adversely affected by, and have has developed or is making commercially reasonable efforts to develop a program to address on a timely basis, the Year 2000 ProblemProblem and has made related inquiry of material suppliers, vendors and customers (if appropriate). Based on such review, program review and inquiriesprogram, the Borrowers reasonably believe Borrower represents and warrants that the "Year 2000 Problem" Problem will not have a Material any Materially Adverse Effect.. As used herein, the term "

Appears in 1 contract

Samples: Revolving Credit Agreement (Edison Schools Inc)

Year 2000 Problem. The Borrowers have Borrower has reviewed the areas within their its business and operations which could be adversely affected by, and have has developed or is developing a program to address on a timely basis, the Year 2000 Problem. Based on such review, program and inquiries, the Borrowers reasonably believe that the "The Year 2000 Problem" will Problem has not have a resulted in, and is not reasonably expected to result in, any Material Adverse EffectChange.

Appears in 1 contract

Samples: Reimbursement, Credit and Security Agreement

Year 2000 Problem. The Borrowers have Borrower has reviewed the areas within their its business and operations which could be adversely affected by, and have has developed or is developing a program to address on a timely basis, the Year 2000 Problem, and has made related appropriate inquiry of its material suppliers and vendors. Based on such review, program review and inquiriesprogram, the Borrowers reasonably believe Borrower believes that the "Year 2000 Problem" Problem will not have a Material Adverse EffectEffect on the Borrower."

Appears in 1 contract

Samples: Credit Agreement (Simpson Industries Inc)

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Year 2000 Problem. The Borrowers Borrower and its Subsidiaries (a) have reviewed the areas within their business and operations which could be adversely affected by, and have developed and are implementing a program (the "Year 2000 Program") to address on a timely basis, the Year 2000 ProblemProblem and (b) have made appropriate inquiries as to the effect the Year 2000 Problem will have on their material suppliers and customers. Based on such review, program and inquiries, the Borrowers Borrower reasonably believe believes that the "Year 2000 Problem" Problem will not have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Vectren Corp)

Year 2000 Problem. The Borrowers 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. Based on such review, program review and inquiriesprogram, the Borrowers Borrower reasonably believe believes that the "Year 2000 Problem" Problem will not have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Aptargroup Inc)

Year 2000 Problem. The Borrowers and their Subsidiaries have reviewed the areas within their business businesses and operations which could reasonably be expected to be adversely affected by, and have developed a program to address on a timely basis, the "Year 2000 Problem" (i.e. the risk that computer applications used by any of the Borrowers or 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, program the "Year 2000 Problem" has not, and inquiries, the 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 taken as a Material Adverse Effectwhole.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Dave & Busters Inc)

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