Y2K Problem definition

Y2K Problem means any significant risk that computer hardware, software or equipment containing embedded microchips essential to the business or operations of the Borrower or any of its Subsidiaries will not, in the case of dates or time periods occurring after December 31, 1999, function at least as efficiently and reliably in all material respects as in the case of times or time periods occurring before January 1, 2000, including the making of accurate leap year calculations.
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Y2K Problem has the meaning given this term in paragraph 1 of Schedule 1.2. SCHEDULE 1.2 Excluded Services Subject to the provisions of Section 3.3(c), CalPX shall have no obligation to purchase any of the following services from Perot Systems.
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Y2K Problem has the meaning set forth in Section 4.17.
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Examples of Y2K Problem in a sentence

  • Borrower represents and warrants that it has a reasonable basis to believe that no Y2K Problem will cause a Material Adverse Effect.

  • Mr. Mirci will also be on call during normal business hours of the second, third, and fourth phases of the project for any troubleshooting or support issues.Mountain West Digital Library staff members, including director Sandra McIntyre, will provide feedback about the proposed data model, as well as assistance with distributing communications materials (detailed below) to MWDL partner institutions.

  • As used in this Section 4.10, the "Y2K Problem" means a date-handling problem relating to the Year 2000 date change that would cause a computer system, software or equipment to fail to correctly perform, process and handle date-related data for the dates within and between the twentieth and twenty-first centuries and all other centuries.

  • Assuming the efforts to mitigate are continued, with respect to the Transferred Assets, by Buyer in the ordinary course of business after the Closing Date, the Transferred Assets are not reasonably expected to experience any disruption in operations as a consequence of the Y2K Problem that could reasonably be expected to have a Material Adverse Effect on the Business or to have a Material Real Estate Impairment.

  • The Company believes, based on the wide attention that the Y2K Problem has received, the relative size and prominence of certain third parties and the preliminary information received, to date, from select third parties, that the impact of the Y2K Problem on such third parties will not have a material affect on the Company's operations.

  • Government Sectoral Priorities DefenseSource: Responses to "Enquiry and Description of OECD on the Y2K Problem/ Millennium Bug", June 1998.

  • The objective of the Project is to assist the Borrower, on an urgent basis: (i) to prevent or minimize the disruption in the Borrower’s social and economic infrastructure that would be caused by the failure of critical central, state and local government systems to process data properly after December 31, 1999 due to the Y2K Problem; (ii) to monitor closely the Y2K Problem nationally; and (iii) to prepare measures to deal with possible disruption arising from the Y2K Problem.

  • The Transferor is unable to ensure that no computer malfunctions stemming from the "Y2K Problem" will occur in the future.

  • Our countries have been at the forefront of efforts to successfully tackle the 'Millennium Bug' or 'Y2K Problem', which presents a major threat to the increasingly networked global economy.

  • Currently, the Bank is engaged in completing specific and detailed plans for each type of business risk in conjunction with an external consultancy company, and all plans are expected to be in place by the end of June 1999.For the latest information on the Y2K Problem, please refer to our postings on the Internet (http: //www.sumitomobank.co.jp /eng / sumitomo /millennium.html).


More Definitions of Y2K Problem

Y2K Problem means generating incorrect date data or incorrectly processing date-related data or functionality when processing, providing or receiving (i) date-related data from, into and between the twentieth and twenty-first centuries or (ii) date-related data in connection with any valid date in the twentieth and twenty-first centuries.
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Y2K Problem means potential problems that might be encountered by computer hardware, software, and other related systems in processing year-date information for the year 2000 and beyond.
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Y2K Problem means generating incorrect date data or incorrectly processing date-related data or functionality when processing, providing or receiving (i) date-related data from, into and
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Related to Y2K Problem

  • Year 2000 Problem as used herein means any significant risk that computer hardware or software used in the receipt, transmission, processing, manipulation, storage, retrieval, retransmission or other utilization of data or in the operation of mechanical or electrical systems of any kind will not, in the case of dates or time periods occurring after December 31, 1999, function at least as effectively as in the case of dates or time periods occurring prior to January 1, 2000.

  • Problem means an unknown underlying cause of one or more Incidents. It becomes a Known Error when the root cause is known and a temporary workaround or permanent alternative has been identified.

  • Regulatory Problem means any set of facts or circumstance wherein it has been asserted by any governmental regulatory agency (or a Regulated Stockholder reasonably believes that there is a risk of such assertion) that such Regulated Stockholder is not entitled to acquire, own, hold or control, or exercise any significant right (including the right to vote) with respect to, any Equity Securities of the Company or any subsidiary of the Company.

  • Project Leader shall have the meaning set forth in Section 3.01(e)(v).

  • Sound level meter means an instrument which includes a microphone, amplifier, RMS detector, integrator or time averager, output meter, and weighting networks used to measure sound pressure levels.

  • Mobile crisis outreach team means a crisis intervention service for minors or families of minors experiencing behavioral health or psychiatric emergencies.

  • Project Coordinator means the employee of Alamo Colleges District designated in Exhibit A hereto who will manage the relationship between Alamo Colleges District and Contractor. The designated employee will be knowledgeable of the Project and be experienced in managing projects similar to the one established herein.

  • Relevant Force Majeure Event means a Force Majeure Event in relation to which an Affected Party is claiming relief under this Clause 17; and

  • Force Majeure Event means an event beyond the reasonable control of any party including an outbreak of a serious disease or epidemic, or quarantine or other public health emergencies, fire, flood, earthquake, explosion or other casualty or accident or act of God, or war or other violence, strike, lock-out, labour dispute, acts of any governmental body, war, insurrection, sabotage, embargo, interruption of or delay in transportation, unavailability of or interruption or delay in telecommunications or inability to obtain raw materials, supplies or power.

  • Sustainability Coordinator means BofA Securities, Inc., in its capacity as the sustainability coordinator.

  • Working Group means representatives of the Applicable Registry Operators and other members of the community that the Registry Stakeholders Group appoints, from time to time, to serve as a working group to consult on amendments to the Applicable Registry Agreements (excluding bilateral amendments pursuant to Section 7.6(i)).

  • Flood-related erosion area management means the operation of an overall program of corrective and preventive measures for reducing flood-related erosion damage, including but not limited to emergency preparedness plans, flood-related erosion control works and floodplain management regulations.

  • Elevated blood lead level means a level of lead in blood that is any of the following:

  • Root Cause Analysis Report means a report addressing a problem or non-conformance, in order to get to the ‘root cause’ of the problem, which thereby assists in correcting or eliminating the cause, and prevent the problem from recurring.

  • Functional behavioral assessment means an individualized assessment of the student that results in a team hypothesis about the function of a student’s behavior and, as appropriate, recommendations for a behavior intervention plan.

  • SBE Program Coordinator means the individual appointed, from time to time, by the City’s Community and Economic Development Director to administer the SBE Regulations.

  • Group Grievance is defined as a single grievance, signed by a Xxxxxxx or a Union Representative on behalf of a group of employee who have the same complaint. Such grievances must be dealt with at successive stages of the Grievance Procedure commencing with Step 1. The grievors shall be listed on the grievance form.

  • Deadlock has the meaning set forth in Section 11.01.

  • Critical infrastructure means existing and proposed systems and assets, whether physical or virtual, the incapacity or destruction of which would negatively affect security, economic security, public health or safety, or any combination of those matters.++

  • Care Coordinator means the professional who assists members in care coordination as described in paragraph 78.53(1)“b.”

  • Program coordinator means a registered nurse responsible for administrative aspects of a state-approved nurse aide training course.

  • Project Steering Committee or “PSC” means the committee referred to in Section I.B of Schedule 2 to this Agreement;

  • Coordinated Transaction Scheduling or “CTS” shall mean the market rules that allow transactions to be scheduled based on a bidder’s willingness to purchase energy from a source in either the NYISO or PJM Control Area and sell it at a sink in the other Control Area if the forecasted price at the sink minus the forecasted price at the corresponding source is greater than or equal to the dollar value specified in the bid.

  • Reliability Coordinator or “RC” shall mean the entity that is the highest level of authority who is responsible for the reliable operation of the Bulk Electric System, has the wide area view of the Bulk Electric System, and has the operating tools, processes and procedures, including the authority to prevent or mitigate emergency operating situations in both next day analysis and real-time operations. The Reliability Coordinator has the purview that is broad enough to enable the calculation of Interconnection Reliability Operating Limits, which may be based on the operating parameters of transmission systems beyond any Transmission Operator’s vision.

  • Scheduling Coordinator or “SC” means an entity certified by the CAISO as qualifying as a Scheduling Coordinator pursuant to the CAISO Tariff for the purposes of undertaking the functions specified in “Responsibilities of a Scheduling Coordinator,” of the CAISO Tariff, as amended from time to time.

  • Key Project Personnel means the persons named in Schedule I (Key Project Personnel) and any replacement(s) approved by the City in accordance with ARTICLE 7;