Continuity of Operations definition

Continuity of Operations means an effort within individual executive departments and agencies to ensure that Primary Mission Essential Functions continue to be performed during a wide range of emergencies, including localized acts of nature, accidents, and technological or attack-related emergencies;

Continuity of Operations under NEGATIVE CONVENANTS in the Agreement is amended to read as follows:

Continuity of Operations is hereby amended to read as follows: "(a) Engage in any business activities substantially different than those in which Borrower is presently engaged; (b) cease operations, wind up, liquidate, merge, reorganize, transfer or sell Collateral or assets out of the ordinary course of business." The remainder of said subparagraph is hereby deleted in its entirety. c) Subparagraph entitled "Loans, Acquisitions and Guaranties" is hereby deleted in its entirety.

Examples of Continuity of Operations in a sentence

• The License Holder will be prepared to ensure continuity of operations in emergencies, as specified in Annex D – “Preparing to Ensure Continuity of Operations in Emergencies”.

• Borrower covenants and agrees with Lender that while this Agreement is in effect, Borrower shall not, without the prior written consent of Lender: Continuity of Operations.

• The Vendor shall be required to provide written assurances that it has a Continuity of Operations (COOP) Plan that relates to the services or functions provided by them under this contract.

• Notwithstanding anything to the contrary contained in the Negative Covenants Section, Subsection "Continuity of Operations", clause (c) above, Lender will permit a maximum aggregate annual amount of 50.00% of annual net income to be paid in dividends.

• The Continuity of Operations Plan (COOP) requirements have been identified for all business units of the Company and applicable plans are currently being developed.

• Borrower and/or Banks shall not become subject to a “memorandum of understanding,” a “cease and desist order” or any other regulatory actions that reflect a material adverse change in the safety and soundness of Borrower and/or Banks Continuity of Operations.

• In "Negative Covenants - Continuity of Operations", the following is hereby deleted: The word "or" preceding clause (3) and all of clause (3) to the end of this paragraph.

• Notwithstanding any prohibition on the payment of dividends or distributions in this Agreement in the section captioned "Continuity of Operations", Borrower may pay any dividends or distributions for any purpose Borrower deems appropriate, but only so long as no Event of Default has occurred and is continuing or would result from the payment of such dividends or distributions.

• The Section titled "Continuity of Operations" in the Loan Agreement is amended by deleting all of subpart (3) thereof relating to dividends.

More Definitions of Continuity of Operations

Continuity of Operations section is amended as follows: (i) by deleting the words "change ownership" in subsection (b) of such section, (ii) by adding the words "after the occurrence of an Event of Default," before the words "pay any dividends" in subsection (c) of such section and (iii) by adding at the end of such section the words "other than in connection with the Initial Public Offering"; and

Continuity of Operations means planning to ensure the capability exists to continue essential agency functions across a wide range of hazards both in public and private sectors of the community.(Ord. 2008-M-2 § 1; Ord. 2004-M-61 § 3; Ord. 1994-M-26 § 1.) 2.36.040 St. Charles Emergency Management Agency.A. There is hereby created an emergency management agency and a coordinator of the emergency management agency, herein called the “coordinator”, who shall be the head thereof.B. The coordinator, subject to the direction and control of the Fire Chief, shall be the executive head of the St. Charles Emergency Management Agency, and shall be responsible under the direction of the Fire Chief for carrying out the program for emergency services and disaster operations of this city. He shall coordinate the activities of all organizations for emergency services and disaster operations within this city and shall maintain liaison, and cooperate with, the civil defense and emergency management agencies and organizations of Kane County, other counties and municipalities, and of the federal and state government. In the event of the absence, resignation, death, or inability to serve of the Coordinator or any person designated by the Fire Chief, shall be and act as Coordinator until a new appointment is made as provided in this Chapter. C. The St. Charles Emergency Management Agency shall take an integral part in the development and revision of the local emergency operations plan.D. In the development of the emergency operations plan, the St. Charles Emergency Management Agency shall interrelate with business, labor, industry, agriculture, civic and volunteer organizations, and community leaders.E. The St. Charles Emergency Management Agency is authorized to:a. Determine the requirements of the city of St. Charles for food, clothing, and other necessities in the event of an emergency;b. Develop an Emergency Operations Plan that meets the standards promulgated by the Illinois Emergency Management Agency;c. Bi-annually review and revise the local Emergency Operations Plan; d. Establish a register of persons with types of training and skills in emergency prevention, preparedness, response, and recovery;e. Establish a register of government and private response resources available for use in a disaster;