Year 2000 readiness plan definition

Year 2000 readiness plan means the process by which a federally insured financial institution or credit union prepares the computers and other electronic information and operating systems and equipment under the financial institution's or credit union's control to correctly read and process time and date information and to function consistently regarding that time and date information.

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Year 2000 readiness plan means a plan pursuant to which a financial institution takes action that is reasonably calculated to avoid material disruption of its operations as a result of a computer date failure of a computer, computer network, computer program, computer software, embedded chip, or computer system under the control of the financial institution.

Year 2000 readiness plan means the process by which a federally insured

Examples of Year 2000 readiness plan in a sentence

• Section 4.19 of the Company Disclosure Letter sets forth a summary of the status of the Company's Year 2000 readiness plan (the "Y2K Readiness Plan").

• Assessment Phase (prioritize the inventoried systems and third parties, assess their Year 2000 readiness, plan corrective actions) .

• In addition to the practical testing performed above, we have completed an independent inventory and assessment of the systems at our digital broadcast center and are currently in the remediation phase of our Year 2000 readiness plan.

• The Company has a Year 2000 readiness plan (the "Y2K Readiness Plan") as described in the Company SEC Documents.

• INTERNAL FINANCIAL AND ADMINISTRATIVE SYSTEMS With respect to our internal financial and administrative systems, we have completed the inventory phase of the Year 2000 readiness plan by identifying all systems with potential Year 2000 problems.

More Definitions of Year 2000 readiness plan

Year 2000 readiness plan means a plan pursuant to which a person takes action that is reasonably calculated to avoid material disruption of its operations as a result of a computer date failure of a computer, computer network, computer program, computer software, embedded chip, or computer system under the control of the person.