Common use of Year 2000 Review Clause in Contracts

Year 2000 Review. (a) To the knowledge of the Company, the Company and the Subsidiaries will not be materially adversely affected by (i) any failure of the Company's and the Subsidiaries computer hardware, software, firmware or embedded chip technology to be Year 2000 Compliant (as defined in Article X); or (ii) the cost and/or disruption to normal activities caused by work to be carried out to ensure such computer hardware, software or embedded chip technology is year 2000 Compliant; provided, however, Section 3.38(a) of the Company Disclosure Schedule lists any computer hardware, software or embedded chip technology that is not year 2000 Compliant. (b) The Company and the Subsidiaries are currently reviewing their information technology ("IT") and non-IT computer systems and programs to determine which are not capable of recognizing the Year 2000 and to verify system readiness for the millennium date (the "Company Year 2000 Review"). The Company Year 2000 review covers all of the Company's and the Subsidiaries' operations and is centrally managed.

Appears in 4 contracts

Samples: Merger Agreement (McLeodusa Inc), Agreement and Plan of Merger (McLeodusa Inc), Agreement and Plan of Merger (McLeodusa Inc)

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Year 2000 Review. (a) To the knowledge of the Company, the The Company and the Subsidiaries will not not, to the Company's knowledge, be materially adversely affected by (i) any failure of the Company's and the Subsidiaries Subsidiaries' computer hardware, software, firmware or embedded chip technology to be Year 2000 Compliant (as defined in Article X); or (ii) the cost and/or disruption to normal activities caused by work to be carried out to ensure such computer hardware, software or embedded chip technology is year 2000 Compliant; provided, however, Section 3.38(a) of the Company Disclosure Schedule lists any computer hardware, software or embedded chip technology that is not year Year 2000 Compliant. (b) The Company and the Subsidiaries are currently reviewing their information technology ("IT") and non-IT computer systems and programs to -- determine which are not capable of recognizing the Year 2000 and to verify system readiness for the millennium date (the "Company Year 2000 Review"). The ------------------------ Company Year 2000 review Review covers all of the Company's and the Subsidiaries' material operations and is centrally managed. (c) All of the information related to the Company Year 2000 Review disclosed in any of the Company's filings with any Governmental Entity was to the Company's knowledge accurate and complete in all material respects as of the date the filing was made with such Governmental Entity.

Appears in 1 contract

Samples: Merger Agreement (McLeodusa Inc)

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