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 the process by which a federally insured
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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.
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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").

  • 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 Group has assembled a team to address Year 2000 preparedness issues and the team has developed a Year 2000 readiness plan.

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

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

  • As modifications are made to the bank’s Year 2000 readiness plan, itis expected that the contingency plan will simultaneously be modified to incorporate those changes.

  • The Group retained an outside independent consultant who reviewed and evaluated the Year 2000 readiness plan.

  • In February, we converted our principal data processing activities to the new Kirchman Corporation Dimension system as part of our Year 2000 readiness plan.

  • COSTS We have not yet determined the full cost of our Year 2000 readiness plan and its related impact on our financial condition.

  • 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.
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Related to Year 2000 readiness plan

  • Model Year means the CI engine manufacturer’s annual production period, which includes January 1st of a calendar year, or if the manufacturer has no annual production period, the calendar year.

  • Budget means a resource, expressed in financial terms, proposed by the Board for the purpose of carrying out, for a specific period, any or all of the functions of the Trust.

  • flight plan means specified information provided to air traffic services units, relative to an intended flight or portion of a flight of an aircraft;

  • Budget Year means the financial year of the municipality for which an annual budget is to be approved in terms of section 16(1) of the MFMA;

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • Annual Plan means the annual plan of the Trust which is prepared in accordance with clause 8.1;