Year 2000 Program. The Servicer has taken steps necessary and appropriate to prevent any problems in its computer and information systems arising from or in connection with the information processing challenges associated with the Year 2000, and will provide to the Insurer such information and reports as the Insurer may reasonably request from time to time with respect to such steps as have or will be taken with respect thereto.
Year 2000 Program. (a) Except as described in SECTION 5.18 of the Disclosure Letter, to the knowledge of the Company, the Company's central operating and accounting systems described in the Company's most recently filed Form 10-K (the "SYSTEM") are Year 2000 Compliant.
Year 2000 Program. Except as set forth in Schedule 4.27: -----------------
(a) To the Knowledge of the Sellers, all devices, systems, machinery, information technology, computer software and hardware and other date sensitive technology (collectively, the "Systems") necessary for the Sellers to carry on the Business are Year 2000 Compliant to the extent necessary to ensure no material disruption of the operations of Purchaser. As used herein, "Year 2000 Compliant" means that the Systems are designed to be used prior to, during and after the Gregorian calendar year 2000 A.D. and will operate during each such time period without error relating to date or date sensitive data, specifically including any error relating to, or the product of, date data which represents or references difference centuries or more than one century.
(b) The Sellers have undertaken an adequately detailed inventory, review and assessment of all areas within its business operations that could be adversely affected by the failure of the Sellers to be Year 2000 Compliant on a timely basis, developed an adequately detailed plan and timeline for becoming Year 2000 Compliant on a timely basis and to date, implemented the plan in accordance with that timetable in all material respects.
(c) The Sellers have made written inquiry of each of their key suppliers, vendors and customers, and have obtained in writing confirmation from all such persons, as to whether such persons have initiated programs to become Year 2000 Compliant and on the basis of such confirmations, the Sellers reasonably believe that all such persons will be or will become so compliant.
Year 2000 Program. Each Borrower will continue to assess the risk -------------------------- that the computer applications it uses in its business may be unable to properly perform date sensitive functions on or after December 31, 1999 and will promptly take all remedial action reasonably necessary to avoid such risk. Further, it will continue to monitor Year 2000 Problems pertaining to third parties with whom it has material contractual relationships which problems, if not properly addressed, could have a Material Adverse Effect.
Year 2000 Program. It will use its best efforts to continue to monitor the potential impact of the Year 2000 Problem and if any problem is determined to exist to develop and implement a comprehensive detailed program to address on a timely basis such problem.
Year 2000 Program. The Borrower will take and will cause each of its Subsidiaries to take all such actions as are reasonably necessary to successfully implement the Year 2000 Program and to assure that Year 2000 Issues will not have a Material Adverse Effect. At the request of the Documentation Agent or any Lender, the Borrower will provide a description of the Year 2000 Program, together with any updates or progress reports with respect thereto.
Year 2000 Program. On the basis of a comprehensive review and assessment of the Sub-Servicer's systems and equipment and inquiry made of Sub-Servicer's material suppliers, vendors and customers, the Sub-Servicer reasonaby believes that the "Year 2000 Problem" (that is, the inability of computers, as well as embedded microchips in non-computing devices, to perform properly, including performance of date-sensitive functions with respect to certain dates prior to and after December 31, 1999), including costs of remediation, could not reasonably be expected to result in an Event of Default. The Sub-Servicer has developed feasible contingency plans adequately to ensure uninterrupted and unimpaired business operation in the event of failure of its own or a third party's systems or equipment due to the Year 2000 problem, including those of vendors, customers and suppliers, as well as a general failure of or interruption in its communications and delivery infrastructure. Except for any reprogramming referred to above, the computer systems of the Sub-Servicer are and, with ordinary course upgrading and maintenance, will continue for the term of this Agreement to be, sufficient for the conduct of their business as currently conducted. The Sub-Servicer will provide to the Insurer such information and reports as the Insurer may reasonably request from time to time with respect to such steps as have or will be taken with respect thereto.
Year 2000 Program. The Servicer has taken, all steps necessary ----------------- and appropriate to prevent any problems in its computer and information systems arising from or in connection with the information processing challenges associated with the Year 2000. The Servicer's computer and other systems used in servicing the Receivables are currently capable of operating in a manner so that on or after January 1, 2000, the Servicer (i) can service the Receivables in accordance with the terms hereof and (ii) operate its business in the same manner as it is operating on the date hereof. The Servicer will provide to the Insurer and the Indenture Trustee such information and reports as the Insurer or the Indenture Trustee may request from time to time with respect to such steps as have or will be taken with respect thereto.
Year 2000 Program. (a) Except as set forth in Schedule 4.24, to the knowledge of ADMI, all devices, systems, machinery, information technology, computer software and hardware and other date sensitive technology (collectively, the "Systems") necessary to carry on the Business are Year 2000 Compliant to the extent necessary to ensure no material disruption of the operations of Purchaser. As used herein, "Year 2000 Compliant" means that the Systems are designed to be used prior to, during and after the Gregorian calendar year 2000 A.D. and will operate during each such time period without error relating to date or date sensitive data, specifically including any error relating to, or the product of, date data which represents or references difference centuries or more than one century.
(b) ADMI has (and, to the knowledge of ADMI, since July 12, 1999, PSI has) taken reasonable and practicable steps, including, without limitation, (i) evaluating computer software utilized in their respective businesses and (ii) obtaining certifications and other information concerning the date-handling capabilities of third party computer software included in PSI's or ADMI's computer software products to identify, address, and remediate problems relating to the failure to be Year 2000 Compliant. ADMI has fully disclosed and made available to Purchaser any and all information and materials relating to problems with any computer software utilized in the Business being Year 2000 Compliant.
Year 2000 Program. Rollins will use its best exxxxxx to monitor the potential impact of the Year 2000 problem and, if any problem is determined to exist, to develop and implement a comprehensive detailed program to address on a timely basis such problem.
