Year 2000 Status Sample Clauses

Year 2000 Status. (i) Any reprogramming required to permit the proper functioning during and following the year 2000 of the Servicer's computer systems has been completed and (ii) the information set forth in the Prospectus under "ORIX Credit Alliance, Inc. - Year 2000 Readiness Disclosure" is accurate in all material respects.
Sample 1
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Year 2000 Status. BT Financial and each of its subsidiaries have conducted a thorough inventory and assessment of the hardware, software and embedded microcontrollers in noncomputer equipment (collectively, the "Computer Systems") used by BT Financial and its Subsidiaries in its business, in order to determine which parts of the Computer Systems are not Year 2000 Compliant and to estimate the cost of rendering such Computer Systems Year 2000 Compliant prior to January 1, 2000 or such earlier date on which the Computer Systems may shut down or may produce incorrect calculations or otherwise malfunction without becoming totally inoperable. Based on the above inventory and assessment, the estimated total cost of rendering the Computer Systems Year 2000 Compliant is $756,000, of which $500,000 has already been spent and the remaining amount expected for completion, $256,000 has been included in the budget adopted by BT Financial for 1999.
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Year 2000 Status. ComEd shall have reasonably demonstrated that ---------------- the software, equipment and systems owned by ComEd which are material to the generation of electric energy at the Facilities (the "ComEd Generation Systems") are Year 2000 Ready (as defined below). "Year 2000 Ready" means that individual ComEd Generation Systems, when used in accordance with their associated documentation, will be either compliant or their characteristics which are non- compliant have been evaluated and determined to be suitable for use into the year 2000. For purposes of the preceding sentence, "compliant" means that the individual ComEd Generation Systems will be capable of accurately processing, providing and/or receiving date data from, into and between the twentieth and twenty first centuries, including the years 1999 and 2000, provided that all third party products used in combination with the ComEd Generation Systems properly exchange date data with the ComEd Generation Systems. ComEd's reasonably satisfactory completion of the material test procedures set forth in Schedule 7.10 (Year 2000 Test Procedures) with ------------- respect to the ComEd Generation Systems shall be conclusive evidence that such ComEd Generation Systems are Year 2000 Ready.
Sample 1
Year 2000 Status. On or before June 30 and September 30, 1999 the Servicer shall deliver to the Trustee and each Rating Agency an Officer's Certificate setting forth the "year 2000" capabilities of its current or proposed billing systems used to service the Customers, the status of any implementation or conversion program in effect with respect to any current or proposed billing system and a statement by such officer as to the approximate date such billing systems are expected to be "year 2000 compliant". The Servicer shall also provide the Trustee and each Rating Agency with such information as they may reasonably request in order to determine the "year 2000 compliance" of the Servicer's billing systems. ARTICLE VII
Sample 1

Related to Year 2000 Status

  • Year 2000 The Borrower has made a full and complete assessment of the Year 2000 Issues and has a realistic and achievable program for remediating the Year 2000 Issues on a timely basis (the "Year 2000 Program"). Based on such assessment and on the Year 2000 Program the Borrower does not reasonably anticipate that Year 2000 Issues will have a Material Adverse Effect.

  • Year 2000 Compliant Borrower shall perform all acts reasonably necessary to ensure that (a) Borrower and any business in which Borrower holds a substantial interest, and (b) all customers, suppliers and vendors whose compliance is likely to be material to Borrower's business, become Year 2000 Compliant in a timely manner. Such acts shall include, without limitation, performing a comprehensive review and assessment of all Borrower's systems and adopting a detailed plan, with itemized budget, for the remediation, monitoring and testing of such systems. As used in this paragraph, "Year 2000 Compliant" shall mean, in regard to any entity, that all software, hardware, firmware, equipment, goods or systems utilized by or material to the business operations or financial condition of such entity, will properly perform date sensitive functions before, during and after the year 2000. Borrower shall, immediately upon request, provide to Agent such certifications or other evidence of Borrower's compliance with the terms of this paragraph as Bank may from time to time require.

  • Year 2000 Problem The Company 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" (that is, the risk that computer applications used by the Company and its 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 such review and program, the Company reasonably believes that the "Year 2000 Problem" will not have a Material Adverse Effect.

  • Year 2000 Warranty The Sub-Adviser represents and warrants that it is actively pursuing a comprehensive and coordinated compliance strategy (including remediation and testing) to ensure the readiness of its business systems and applications for the Year 2000 and believes that all such systems critical to the performance of Sub-Adviser's responsibilities hereunder will be Year 2000 compliant prior to January 1, 2000. The Sub-Adviser will make appropriate inquiries as to the readiness of its vendors, service providers, clients and other third parties for the Year 2000; provided, however, that neither the Sub-Adviser nor any of its officers, directors or employees (or affiliated companies) make any representations or warranties regarding the Year 2000 readiness of such vendors, service providers, clients and other third parties.

  • Year 2000 Compliance Borrower will promptly notify the Administrative Agent in the event Borrower discovers or determines that any computer application that is material to its or any of its Subsidiaries' business and operations will not be Year 2000 compliant on a timely basis, except to the extent that such failure is not reasonably expected to be a Material Adverse Event.

  • Year 2000 Compatibility Borrower shall take all action necessary to assure that Borrower's computer based systems are able to operate and effectively process data including dates on and after January 1, 2000. At the request of Bank, Borrower shall provide Bank assurance acceptable to Bank of Borrower's Year 2000 compatibility.

  • Year 2000 Matters Any reprogramming required to permit the proper functioning (but only to the extent that such proper functioning would otherwise be impaired by the occurrence of the year 2000) in and following the year 2000 of computer systems and other equipment containing embedded microchips, in either case owned or operated by the Borrower or any of its Subsidiaries or used or relied upon in the conduct of their business (including any such systems and other equipment supplied by others or with which the computer systems of the Borrower or any of its Subsidiaries interface), and the testing of all such systems and other equipment as so reprogrammed, will be completed by March 31, 1999. The costs to the Borrower and its Subsidiaries that have not been incurred as of the date hereof for such reprogramming and testing and for the other reasonably foreseeable consequences to them of any improper functioning of other computer systems and equipment containing embedded microchips due to the occurrence of the year 2000 could not reasonably be expected to result in a Default or Event of Default or to have a Material Adverse Effect. Except for any reprogramming referred to above, the computer systems of the Borrower and its Subsidiaries 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.

  • Year 2000 Issues Each of the Borrower and its Subsidiaries has made a full and complete assessment of the Year 2000 Issues and has a realistic and achievable program for remediating the Year 2000 Issues on a timely basis. Based on such assessment and program, the Borrower does not reasonably anticipate that Year 2000 Issues will have a Material Adverse Effect.

  • Minimum EBITDA Section 9.23(c) of the Loan Agreement is hereby deleted in its entirety and replaced with the following:

  • Performance Tests Contractor shall perform Performance Tests in accordance with Section 11.2 of the Agreement and Attachment S.

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