Common use of Year 2000 Readiness Clause in Contracts

Year 2000 Readiness. Any reprogramming required to permit the proper functioning, in and following the year 2000, of (a) the computer systems of the Parent, the Borrower and the Subsidiaries and (b) equipment of the Parent, the Borrower and the Subsidiaries containing embedded microchips and the testing of all such systems and equipment, as so reprogrammed, will be completed by November 30, 1999, except to the extent that failure to do so would not have a Material Adverse Effect. The cost to the Parent, the Borrower and the Subsidiaries of such reprogramming and testing and of the reasonably foreseeable consequences of year 2000 to the Parent, the Borrower and the Subsidiaries (including reprogramming errors) could not reasonably be expected to have a Material Adverse Effect. The Parent, the Borrower and the Subsidiaries have used commercially reasonable efforts to identify all possible failures of the systems or equipment of their material suppliers, vendors and customers and to assess the impact of any such failures on the business, condition (financial or otherwise), operations, performance or properties of the Parent, the Borrower and the Subsidiaries .

Year 2000 Readiness. Any reprogramming required to permit the proper functioning, in and following the year 2000, of (a) the computer systems of the Parent, the Borrower and the Subsidiaries and (b) equipment of the Parent, the Borrower and the Subsidiaries containing embedded microchips and the testing of all such systems and equipment, as so reprogrammed, will be completed by November 30, 1999, except to the extent that failure to do so would not have a Material Adverse Effect. The cost to the Parent, the Borrower and the Subsidiaries of such reprogramming and testing and of the reasonably foreseeable consequences of year 2000 to the Parent, the Borrower and the Subsidiaries (including reprogramming errorserrors and the failures of others systems or equipment) could not reasonably be expected to have a Material Adverse Effect. The Parent, the Borrower and the Subsidiaries have used commercially reasonable efforts to identify all possible failures of the systems or equipment of their material suppliers, vendors and customers and to assess the impact of any such failures on the business, condition (financial or otherwise), operations, performance or properties of the Parent, the Borrower and the Subsidiaries Subsidiaries.