Year 2000 Compliant and Ready means that (a) the Borrower's and its Subsidiaries hardware and software systems with respect to the operation of its business and its general business plan will: (i) handle date information involving any and all dates before, during and/or after January 1, 2000, including accepting input, providing output and performing date calculations in whole or in part; (ii) operate, accurately without interruption on and in respect of any and all dates before, during and/or after January 1, 2000 and without any change in performance; (iii) store and provide date input information without creating any ambiguity as to the century and; (b) the Borrower has developed alternative plans to ensure business continuity in the event of the failure of any or all of items (i) through (iii) in clause (a) above in this definition.
Year 2000 Compliant and Ready means that the Borrower's and each Subsidiary's hardware and software systems with respect to the operation of their business and their general business plan will: (i) handle date information involving any and all dates before, during and/or after January 1, 2000, including accepting input, providing output and performing date calculations in whole or in part; (ii) operate accurately without interruption on and in respect of any and all dates before, during and/or after January 1, 2000 and without any change in performance; (iii) respond to and process two digit year input without creating any ambiguity as to the century; and (iv) store and provide date input information without creating any ambiguity as to the century.
Year 2000 Compliant and Ready means that the Borrower's and its Subsidiaries' hardware and software systems with respect to the operation of its business and its general business plan will: (i) handle date information involving any and all dates before, during and/or after January 1, 2000, including accepting input, providing output and performing date calculations in whole or in part; (ii) operate, accurately without interruption on and in respect of any and all dates before, during and/or after January 1, 2000 and without any change in performance; (iii) respond to and process two digit year input without creating any ambiguity as to the century; and (iv) store and provide date input information without creating any ambiguity as to the century.
Examples of Year 2000 Compliant and Ready in a sentence
The Borrower and its Subsidiaries have met the Y2K Plan milestones such that all hardware and software systems will be Year 2000 Compliant and Ready in accordance with the Y2K Plan.
In addition, the Company has no reason to believe that its respective vendors, suppliers and customers are not Year 2000 Compliant and Ready where the failure to be Year 2000 Compliant and Ready would have a material adverse affect on the business, operations, affairs, prospects, properties, assets, existing and potential liabilities, obligations, profits or condition (financial or otherwise) of the Company.
To the extent the Company may not be Year 2000 Compliant and Ready (as defined below) at any time prior to June 30, 1999, the Company has no reason to believe that such status will result in a material adverse affect on the Company's business, operations, affairs, prospects, properties, assets, existing and potential liabilities, obligations, profits or condition (financial or otherwise).
The Company has reasonable grounds for believing that it will be Year 2000 Compliant and Ready on or before December 1, 1999.
Each Borrower and their Subsidiaries have met all previous Y2K Plan milestones and will hereafter meet all future Y2K Plan milestones so that all hardware and software systems will be Year 2000 Compliant and Ready in accordance with the Y2K Plan, except where the failure to meet such milestones has not had, or would not have, a material adverse effect on the business, operations, assets or condition (financial or otherwise) of either Borrower or their Subsidiaries on a consolidated basis.
More Definitions of Year 2000 Compliant and Ready
Year 2000 Compliant and Ready means that (A) the Borrower=s and its Subsidiaries= hardware and software systems with respect to the operation of its business and its general business plan will: (i) handle date information involving any and all dates before, during and/or after January 1, 2000, including accepting input, providing output and performing date calculations in whole or in part; (ii) operate, accurately without interruption on and in respect of any and all dates before, during and/or after January 1, 2000 and without any change in performance; (iii) store and provide date input information without creating any ambiguity as to the century and; (B) the Borrower has developed alternative plans to ensure business continuity in the event of the failure of any or all of items (i) through (iii) above.
Year 2000 Compliant and Ready means that
Year 2000 Compliant and Ready means that the Borrower's and its Subsidiaries' hardware and software systems with respect to the operation of its business and its general business plan will: (i) handle date information involving any and all dates before, during and/or after January 1, 2000, including accepting input, providing output and performing date calculations in whole or in part; (ii) respond to and process two digit year input without creating any ambiguity as to the century; and (iii) store and provide date input information without creating any ambiguity as to the century.
Year 2000 Compliant and Ready means that the computer systems and the presses used in the Company's operations contain the functionality need for the December 31, 1999 "millennium" date change.
Year 2000 Compliant and Ready as used herein means that (A) the Borrowers' hardware and software systems with respect to the operation of their respective businesses and their respective general business plans will in all material respects: (i) handle date information involving any and all dates before, during and/or after January 1, 2000, including accepting input, providing output and performing date calculations in whole or in part; (ii) operate, accurately without interruption on and in respect of any and all dates before, during and/or after January 1, 2000 and without any change in performance; (iii) store and provide date input information without creating any ambiguity as to the century and; (B) the Borrowers have developed alternative plans to ensure business continuity in all material respects in the event of the failure of any or all of items (i) through (iii) above.
Year 2000 Compliant and Ready means that (a) the Borrower's and its operating divisions' and Subsidiaries' computer hardware or software in question will: (i) handle date information involving any and all dates before, during and/or after January 1, 2000, including accepting input, providing output and performing date calculations in whole or in part; (ii) operate, accurately without interruption on and in respect of any and all dates before, during and/or after January 1, 2000 and without any change in performance; and (iii) store and provide date input information without creating any ambiguity as to the century; provided all other information technology properly exchanges date data information with it; and (b) the Borrower has developed alternative plans to ensure business continuity in the event of the failure of any or all of items (i) through (iii) above.
Year 2000 Compliant and Ready as used herein means that (a) the Borrower's and its Subsidiaries' hardware and critical software systems with respect to the operation of its business and its general business plan will: (i) handle date information involving any and all dates during the period extending 6 months before until 6 months after January 1, 2000, including accepting input, providing output and performing date calculations in whole or in part; (ii) operate, accurately without interruption on and in respect of any and all dates during the period extending 6 months before until 6 months after January 1, 2000 and without any material change in performance; (iii) store and provide date input information without creating any ambiguity as to the century, and (b) the Borrower has developed alternative plans to ensure business continuity in the event of the failure of any or all of items (i) through (iii) above.