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Default Subscript out of Range - CodeName

I'm getting a 'Subscript out of range' error on a line of code as follows

ThisWorkbook.VBProject.VBComponents(ActiveSheet.Co deName).Properties("_CodeName").Value = "Output" & Now * 10000000000#

The odd thing is the fact that this only occurs the first time the code is
run when the workbbok is opened and, when I select debug the error, all I
simply do is press run (play button) and the code conitnues on perfectly with
the new codename for the active sheet. I've also changed the 'NOW *
10000000000#' to '12' and I got the same error (I couldn't test it for the
second use as a codename conflict would occur).

Any thoughts as to why this happens and how to fix it would be greatly
appreciated. I already have tried 'On Error Resume Next' but that didn't
work. It still halted my procedure.


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Cheers!

Richard Reye

"Never argue with an idiot. They'll bring you down to their level then beat
you with experience" - someone
 
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