Year 2000 Issue definition

Year 2000 Issue means failure of computer software, hardware and firmware systems, and equipment containing embedded computer chips, to properly receive, transmit, process, manipulate, store, retrieve, re-transmit or in any other way utilize data and information due to the occurrence of the year 2000 or the inclusion of dates on or after January 1, 2000.

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Year 2000 Issue means any significant risk that computer hardware or software used in Borrower's, or any of its Subsidiaries' or the Advisor's, businesses or operations 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.

Year 2000 Issue arose because many existing computer programs use only the last two digits to refer to a year. Therefore, such computer programs do not properly recognize a year that begins with "20" instead of "

Examples of Year 2000 Issue in a sentence

• The Borrower and its Subsidiaries have reviewed the effect of the Year 2000 Issue on the computer software, hardware and firmware systems and equipment containing embedded microchips owned or operated by or for the Borrower and its Subsidiaries or used or relied upon in the conduct of their business (including systems and equipment supplied by others or with which such computer systems of the Borrower and its Subsidiaries interface).

• The Borrower and each of the guarantors have reviewed the effect of the Year 2000 Issue on the computer software, hardware and firmware systems and equipment containing embedded microchips owned or operated by or for the Borrower and the Guarantors or used or relied upon in the conduct of their business (including systems and equipment supplied by others or with which such computer systems of the Borrower and the guarantors interface).

• Based on such review and program, the Year 2000 Issue will not have a material adverse effect on their business and operations.

• The Borrowers 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 Issue.

• The Company and its Subsidiaries have reviewed the effect of the Year 2000 Issue on the computer software, hardware and firmware systems and equipment containing embedded microchips owned or operated by or for the Company and its Subsidiaries or used or relied upon in the conduct of their business (including systems and equipment supplied by others or with which such computer systems of the Company and its Subsidiaries interface).

More Definitions of Year 2000 Issue

Year 2000 Issue means the risk of computer hardware, software or equipment containing imbedded micro chips which perform functions relevant to the business or operation of a Borrower which will not, in the case of dates occurring after December 31, 1999, function as effectively and reliably as in the case of dates occurring prior to such date.

Year 2000 Issue 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.

Year 2000 Issue as used herein means any significant issue or problem experienced or associated with 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 with respect to dates or time periods occurring after December 31, 1999;

Year 2000 Issue means a failure of a system to recognize and properly process date-sensitive functions involving dates prior to, on and after December 31, 1999 (including, but not limited to calculation, comparison and sequencing, and including, without limitation, leap year calculations).

Year 2000 Issue with respect to any person shall mean any significant risk that computer hardware, software or equipment containing embedded microchips utilized in the business or operations of such person will not, in the case of dates or time periods occurring after December 31, 1999, function at least as effectively and reliably as in the case of times or time periods occurring before January 1, 2000, including the making of accurate leap year calculations.

Year 2000 Issue shall have the meaning ascribed thereto in Section 5.24.

Year 2000 Issue means any significant risk that computer --------------- hardware or software and other mechanical systems used in the operation of the Properties and/or the business or operations of the HSD Parties will not, in the case of dates or time periods occurring after December 31, 1999, function at least as effectively as in the case or dates or time periods occurring prior to January 1, 2000.