Year 2000 Corrective Plan definition

Year 2000 Corrective Plan means, with respect to each Credit Party, a comprehensive plan to eliminate all of its Year 2000 Problems on or before October 31, 1999, including without limitation (i) computer code enhancements or revisions, (ii) upgrades or replacements of Year 2000 Date-Sensitive Systems/Components, (iii) test and validation procedures, (iv) an implementation time line and budget and (v) designation of specific employees who will be responsible for planning, coordinating and implementing each phase or subpart of the Year 2000 Corrective Plan.

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Year 2000 Corrective Plan means, with respect to each Obligor, a comprehensive plan to eliminate or otherwise sufficiently address all of its Year 2000 Problems on or before April 30, 1999 so that such Year 2000 Problems do not have a Material Adverse Effect, including without limitation (i) computer code enhancements or revisions, (ii) upgrades or replacements of Year 2000 Date-Sensitive Systems/Components, (iii) test and validation procedures, (iv) an implementation time line and budget and (v) designation of specific employees who will be responsible for planning, coordinating and implementing each phase or subpart of the Year 2000 Corrective Plan.

Year 2000 Corrective Plan means, with respect to the Seller and the Servicer, a comprehensive plan to eliminate such Person's Year 2000 Mission Critical Problems on or before June 30, 1999, including, without limitation, (i) computer code enhancements or revisions, (ii) upgrades or replacements of Year 2000 Mission Critical Date-Sensitive Systems/Components, (iii) test and validation procedures, (iv) an implementation time line and budget and (v) designation of specific employees who will be responsible for planning, coordinating and implementing each phase or subpart of the Year 2000 Corrective Plan.

Examples of Year 2000 Corrective Plan in a sentence

On or prior to January 31, 1999, each Credit Party shall complete and deliver to Agent a Year 2000 Corrective Plan.
Each Credit Party has completed a Year 2000 Assessment and a Year 2000 Corrective Plan, copies of which have been delivered to Agent, and each Credit Party shall complete all Year 2000 Corrective Actions by October 31, 1999.
On or prior to March 31, 1999, each Borrower shall complete and deliver to the Agent a Year 2000 Corrective Plan.
Borrower covenants and agrees to deliver to Agent a Year 2000 Assessment and Year 2000 Corrective Plan by August 15, 1998.
Each Borrower has completed and implemented a Year 2000 Corrective Plan and Year 2000 Corrective Actions, has completed Year 2000 Implementation Testing and has eliminated all Year 2000 Problems, except where the failure to correct the same could not reasonably be expected to have a Material Adverse Effect.
As of the Closing Date, Borrower has prepared a Year 2000 Assessment and adopted a Year 2000 Corrective Plan.
On or prior to the Closing Date, each Credit Party shall complete and deliver to Agent a Year 2000 Assessment, and on prior to May 30, 1999, each Credit Party shall complete and deliver to Agent a Year 2000 Corrective Plan.
Each Loan Party has completed and delivered to ------------------ Agent a Year 2000 Assessment and each Loan Party will complete and deliver a Year 2000 Corrective Plan by April 30, 1999.
The Credit Parties have completed a Year 2000 Assessment and a Year 2000 Corrective Plan, copies of which have been delivered to Managing Agent.
On or prior to August 27, 1998, each Credit Party shall deliver to the Agent a Year 2000 Assessment and a Year 2000 Corrective Plan.

More Definitions of Year 2000 Corrective Plan

Year 2000 Corrective Plan means, with respect to ------------------------- each Credit Party, a comprehensive plan to eliminate all of its Year 2000 Problems on or before December 1, 1999, including without limitation (i) computer code enhancements or revisions, (ii) upgrades or replacements of Year 2000 Date-Sensitive Systems/Components, (iii) test and validation procedures, (iv) an implementation time line and budget and (v) designation of specific employees who will be responsible for planning, coordinating and implementing each phase or subpart of the Year 2000 Corrective Plan. "Year 2000 Date-Sensitive System/Component" shall mean, ----------------------------------------- as to any Person, any system software, network software, applications software, data base, computer file, embedded microchip, firmware or hardware that accepts, creates, manipulates, sorts, sequences, calculates, compares or outputs calendar-related data accurately; such systems and components shall include, without limitation, mainframe computers, file server/client systems, computer workstations, routers, hubs, other network-related hardware, and other computer-related software, firmware or hardware and information processing and delivery systems of any kind and telecommunications systems and other communications processors, security systems, alarms, elevators and HVAC systems.

Year 2000 Corrective Plan means, with respect to Borrowers and their Subsidiaries, a comprehensive plan to eliminate all of their respective Year 2000 Problems on or before December 31, 1998, including without limitation (i) computer code enhancements or revisions, (ii) upgrades or replacements of Year 2000 Date-Sensitive Systems/Components, (iii) test and validation procedures, (iv) an implementation time line and budget and (v) designation of specific employees who will be responsible for planning, coordinating and implementing each phase or subpart of the Year 2000 Corrective Plan. "Year 2000 Date-Sensitive System/Component shall mean, as to any Person, any system, software, network software applications software, data base, computer file, embedded microchip, firmware or hardware that accepts, creates, manipulates, sorts, sequences, calculates, compares or outputs calendar related data accurately; such systems and components shall include, without limitation, mainframe computers, fileserver/client systems, computer-related software, firmware or hardware and information processing and delivery systems of any kind and telecommunications systems and other communications processors, security systems, alarms, elevators and HVAC Systems.

Year 2000 Corrective Plan means, with respect to each Borrower, a comprehensive plan to eliminate all of its Year 2000 Problems on or before

Year 2000 Corrective Plan means, with respect to each Borrower, a comprehensive plan to eliminate all of its Year 2000 Problems on or before October 31, 1999, including without limitation (i) computer code enhancements or revisions, (ii) upgrades or replacements of Year 2000 Date-Sensitive Systems/Components, (iii) test and validation procedures, (iv) an implementation time line and budget and (v) designation of specific employees who will be responsible for planning, coordinating and implementing each phase or subpart of the Year 2000 Corrective Plan.

Year 2000 Corrective Plan means, with respect to each of the ------------------------- Credit Parties, a comprehensive plan to eliminate all of its Year 2000 Problems on or before August 31, 1999, including without limitations (i) computer code enhancements or revisions, (ii) upgrades or replacements of Year 2000 Date- Sensitive Systems/Components, (iii) test and validation procedures, (iv) an implementation time line and budget and (v) designation of specific employees who will be responsible for planning, coordinating and implementing each phase or subpart of the Year 2000 Corrective Plan. "YEAR 2000 DATE-SENSITIVE SYSTEM/COMPONENT" shall mean, as to any ----------------------------------------- Person, any system software, network software, applications software, database, computer file, embedded microchip, firmware or hardware that accepts, creates, manipulates, sorts, sequences, calculates, compares or outputs calendar-related data accurately; such systems and components shall include, without limitation, mainframe computers, file server/client system, computer workstations, routers, hubs, other network-related hardware, and other computer-related software, firmware or hardware and information processing and delivery systems of any kind and telecommunications systems and other communications processors, security systems, alarms, elevators and HVAC systems.