Operational definition
Examples of Operational in a sentence
The Issuer shall also provide to the Trustee and DTC any additional information as required by any update to the Operational Arrangements or is otherwise required to effect the Re-Pricing in accordance with the procedures of DTC.
The Operational Committee shall at all times be comprised of three (3) to five (5) members, as determined by the Board by Majority Vote, which members shall include at least one (1) member appointed by CTCI.
As of the Effective Date, the Operational Committee consists of the following members: (i) ▇▇▇▇▇▇▇ ▇▇▇▇ (the member appointed by CTCI), (ii) ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇, (iii) ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇ and (iv) the Independent Director (who shall serve as the chair of the Operational Committee).
All Mandatory Tenders of Notes to be effectuated pursuant to this paragraph (i) will be made at the applicable Redemption Price and (ii) will be effected only if the related Re-Pricing is effected in accordance with the provisions of this Indenture and in accordance with the Operational Arrangements.
Subject to Section 6.1, the Trustee shall not be liable for the content or information contained in the Re-Pricing, Mandatory Tender and Election to Retain Announcement or in the notice to DTC regarding the proposed Re-Pricing and for any modification or supplement to the Operational Arrangements published by DTC.