Year 2000 Compatible definition

Year 2000 Compatible means that upon the occurrence of the year 2000, all information systems or items that store, process, record, incorporate or present calendar dates shall lose no functionality, shall continue to operate without error, and shall accurately and automatically process all data pertaining to the introduction of any and all dates and date related data.

Year 2000 Compatible means that the Computer Systems to the extent required for their particular use (i) correctly perform date data century recognition, and calculations that accommodate same century and multi-century formulas and date values; (ii) operate or are expected to operate on a basis comparable to their current operation during and after calendar year 2000 A.D., including but not limited to leap years; and (iii) shall not end abnormally or provide invalid or incorrect results as a result of date data which represents or references different centuries or more than one century.

Year 2000 Compatible means that neither performance nor functionality is affected by dates prior to, during, spanning or after January 1, 2000, and shall include, but not be limited to: (i) accurately processing (including, but not limited to, calculating, comparing and sequencing) date/time data from, into and between the twentieth and twenty-first centuries and the years 1999 and 2000 and leap year calculations; (ii) functioning without error, interruption or decreased performance relating to such date/time data; (iii) accurately processing such date/time data when used in combination with other Year 2000 Compatible technology; (iv) accurate date/time data century recognition; (v) calculations that accurately use same-century and multi-century formulas and date/time values; (vi) date/time interface values that reflect the correct century; and (vii) processing, storing, receiving and outputting all date/time data in a format that accurately indicates the century of the date/time data.

Examples of Year 2000 Compatible in a sentence

• Furthermore, Supplier represents that its information systems are Year 2000 Compatible and hereby grants Applied the right to verify Supplier's internal processes for ensuring compliance with this provision.

• All hardware and software used by Servicer in connection with its duties hereunder and under the transaction documents are Year 2000 Compatible.

• Based on the above-referenced inventory, the Company represents and warrants that the Computer Systems are either Year 2000 Compatible or that it is the reasonable expectation of the Company that they will be Year 2000 Compatible prior to July 1, 1999; the estimated remaining cost of rendering the Computer Systems Year 2000 Compatible is $30,000.

• To the best of CorVu's knowledge, all hardware and software used, and all software developed and sold, by CorVu in the ordinary course of business is Year 2000 Compatible (as defined in Section 3.14).

• Pursuant to the Buyer Y2K Plan, the Buying Group has conducted an inventory and/or other investigations of any and all Computer Systems used by such member or held for use by such member of the Buying Group in order to determine which parts of such Computer Systems are not Year 2000 Compatible and to estimate the cost of rendering such Computer Systems Year 2000 Compatible prior to January 1, 2000.

• To the best of Southwest's knowledge, all hardware and software used by Southwest and Merger Sub in the ordinary course of business is Year 2000 Compatible.

• The aggregate intrinsic value of outstanding and exercisable options at December 31, 2016 was calculated based on the closing price of the Company’s common stock as reported on the Over-the-Counter Bulletin Board and the OTCQx markets on December 31, 2016 of approximately $0.39 per share less the exercise price of the options.

• To the best of MNAC's knowledge, all hardware and software used by MNAC in the ordinary course of business is Year 2000 Compatible.

• Based on the above-referenced inventory, the Company represents and warrants that the Computer Systems are either Year 2000 Compatible or will be Year 2000 Compatible prior to July 1, 1999; the estimated cost of rendering the Computer Systems Year 2000 Compatible is $50,000, of which $50,000 has been or will be incurred by the Company.

• The Company has delivered to the Parent a copy of its findings regarding "Year 2000 Compatible".

More Definitions of Year 2000 Compatible

Year 2000 Compatible. (and variations thereof) means, with respect to any Computer System, that such Computer System (I) records, stores, processes and provides true and accurate dates and calculations for dates and spans of dates, (II) is and will be able to operate on a basis comparable to its current operation during and after calendar year 2000 A.D., including, but not limited to, leap years, and (III) shall not end abnormally or provide invalid or incorrect results as a result of date data which represents or references (or fails to represent or reference) different centuries or more than one century.

Year 2000 Compatible means that neither performance nor functionality is affected by dates prior to, during, spanning or after January 1, 2000, and shall include, but not be limited to: (i) accurately processing date/time data from, interim between the 20th and 21st centuries in the years 1999 and 2000 and the leap year calculations; (ii) functioning without error, interruption, or decreased performance relating to such date/time data; (iii) accurately processing such date/time data when used in combination with other technology; (iv) accurate date/time data century recognition; and (v) processing, storing, receiving and outputting all date/time in a format that accurately indicates the century of the date/time data.

Year 2000 Compatible means that neither performance nor functionality is affected by dates prior to, during, spanning, or after January 1, 2000, and shall include, but not be limited to: (i) accurately processing (including, but not limited to, calculating, comparing and sequencing) date/time data from, into and between the twentieth and twenty-first centuries and the years 1999 and 2000 and leap year calculations; (ii) functioning without error, interruption, or decreased performance relating to such date/time data; (iii) accurately processing such date/time data when used in combination with other technology; (iv) accurate date/time data century recognition; (v) calculations that accurately use same century and multi-century formulas and date/time values; (vi)date/time interface values that reflect the correct century; and (vii) processing, storing, receiving and outputting all date/time data in a format that accurately indicates the century of the date/time data.

Year 2000 Compatible means, with respect to any Computer System, that such Computer System (i) records, stores, processes and provides true and accurate dates and calculations for dates and spans of dates, (ii) is and will be able to operate on a basis comparable to its current operation during and after calendar year 2000 A.D., including, but not limited to, leap years, and (iii) shall not end abnormally or provide invalid or incorrect results as a result of date data which represents or references (or fails to represent or reference) different centuries or more than one century. For purposes of this Agreement, "Computer System" shall mean any and all computer software programs, semiconductor chips, microprocessors, embedded microcontrollers and other hardware containing programming instructions of any kind, whether owned or licensed or otherwise held by the Company.

Year 2000 Compatible shall have the meaning set forth in Section 3.18 of this Agreement.