Common use of YEAR 2000 READINESS DISCLOSURE Clause in Contracts

YEAR 2000 READINESS DISCLOSURE. (a) The Bank warrants that the Bank's Software which is used to perform the services provided by the Bank under this Agreement is Year 2000 Compliant (as defined below). The term Bank's Software shall mean AIMS, MARS, BTWorld, Globe*View, Globenet and Polaris. Third party software which is also used as part of the services provided by the Bank under this Agreement has been tested at the Bank and found to function in a Year 2000 compliant manner at the Bank; however the Bank does not warrant or assume any responsibility for the Year 2000 compliance of the third party software. Any Year 2000 Compliance determination is made to the Bank's best belief and ability to so determine, based on testing of the Bank's Software within the Bank's own environment as well as scenarios designed to duplicate certain industry environments. Forum acknowledges that to the extent that Forum's system utilizes other software applications, programs and codes, as well as interfaces and data from sources other than the Bank, and to the extent that the Bank uses software from third parties, it may affect the performance of the Bank's Software and there is no assurance that the Bank's Software will operate on Forum's system in a manner that is Year 2000 Compliant.