Operational Continuity definition

Operational Continuity means the Company has (a) maintained its assets, properties and business in the same manner as prior to January 1, 2001 and in a manner consistent with the Company's budget as previously submitted to PentaStar, (b) discussed and consulted with PentaStar on any material changes in strategy, policies or business operations and (c) obtained PentaStar's prior written approval before making or implementing any material operating or policy decisions regarding the Company, including, without limitation, hiring, entering into contracts and making capital or operating expenditures.
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Operational Continuity means the Company has, with respect to the Business and the Acquired Assets, (a) maintained its assets, properties and business in the same manner as prior to October 1, 2000 and in a manner consistent with the Company's budget as previously submitted to PentaStar, (b) discussed and consulted Exhibit 1.1(a) - v with PentaStar on any material changes in strategy, policies or business operations and (c) obtained PentaStar's prior written approval before making or implementing any material operating or policy decisions regarding the Company, including, without limitation, hiring, entering into contracts and making capital or operating expenditures.
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Examples of Operational Continuity in a sentence

  • Operational Continuity Contractor warrants that it will perform without relief notwithstanding being sold or acquired; no such event will operate to mitigate or alter any of Contractor’s duties hereunder absent a consented delegation under paragraph 5 [Assignment and Delegation] that expressly recognizes the event.

  • Other Items Operational Continuity and Other Allowed UsesAuto-calculate fromrows bb-jj belowAuto-calculate fromrows bb-jj belowAuto-calculate fromrows bb-jj belowAuto-calculate fromrows bb-jj belowbb.

  • The SDC-BSOP must approve sending any notice of intent to reclassify, although the notice of intent is sent by the supervisory office.

  • Schwab’s Operational Continuity (OC) Team supports, implements, and administers the Corporations IT Infrastructure Recovery program.

  • Any agreements will be covered by a comprehensive Service Level Agreement to ensure Operational Continuity.

  • Under our Operational Continuity pillar, we have assessed and implemented measures, such as access to services and FMUs, to ensure that our U.S. Resolution Strategy is operationally feasible.165(d) U.S. Resolution Plan – 2018 Exhibit 4.3. – 1: Resolution Capabilities – Operational Continuity The following is a detailed summary of our Operational Continuity capabilities, which support our belief that we will be operationally ready to execute our U.S. Resolution Strategy when and if required.

  • Like the first two pillars, our Operational Continuity capabilities are critical to the execution of our U.S. Resolution Strategy.

  • Security Plan and Disasters Operational Continuity and Recovery Plan, as well as the protection and security mechanisms for IT equipment and computer programs related to BVB main object of activity are not public.

  • As noted in Section 2 above, our U.S. resolution capabilities are built on three pillars: (1) Financial Resiliency, (2) Structural Enablement; and (3) Operational Continuity.

  • The Firm’s Operational Continuity Plan provides for continued retention of resources needed to maintain PCS activities.

Related to Operational Continuity

  • Operational Control means Security monitoring, adjustment of generation and transmission resources, coordinating and approval of changes in transmission status for maintenance, determination of changes in transmission status for reliability, coordination with other Balancing Authority Areas and Reliability Coordinators, voltage reductions and load shedding, except that each legal owner of generation and transmission resources continues to physically operate and maintain its own facilities.

  • Business Continuity Plan means any plan prepared pursuant to clause H5.6, as may be amended from time to time.

  • Operational Plan means a Forest Stewardship Plan, Woodlot Licence Plan, a Range Use Plan, or Range Stewardship Plan, as those terms are defined in provincial forest and range legislation;

  • Operational means that the system or sensor, at the time of the event, is active or can be activated/deactivated by the driver.

  • Operational Services the operational services described as such in the Services Description;

  • Project Services means architectural, engineering services, land surveying, construction management at-risk services, ancillary technical services or other construction-related services determined by the board to be required by the project.

  • Operating Plan means a plan adopted or amended under this section for the development, redevelopment, maintenance, operation and promotion of a business improvement district, including all of the following:

  • 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.

  • Certificate of Continuing Program Compliance means the Certificate to be filed by the Owner with the Administrator, on behalf of the Issuer, and the Trustee pursuant to Section 4(f) hereof, which shall be substantially in the form attached as Exhibit C hereto or in such other comparable form as may be provided by the Issuer to the Owner, or as otherwise approved by the Issuer.

  • Business Continuity and Disaster Recovery Plan means the Schedule containing plans and provisions for business continuity and disaster recovery.

  • Operational Costs means costs and expenses incurred by the Managers on behalf of the Owners to operate and maintain the Vessel including Communication Expenses and EDP Expenses;

  • Operating Budget has the meaning given in Section 3.11(a).

  • Market Operations Center means the equipment, facilities and personnel used by or on behalf of a Market Participant to communicate and coordinate with the Office of the Interconnection in connection with transactions in the PJM Interchange Energy Market or the operation of the PJM Region.

  • Annual Operating Budget has the meaning set forth in Section 4.11.

  • Business Plan means the information required to be supplied to the

  • Commercial Operation means the condition of operation in which the complete equipment covered under the Contract is officially declared by the Owner to be available for continuous operation at different loads up to and including rated capacity. Such declaration by the Owner, however, shall not relieve or prejudice the Contractor of any of his obligations under the Contract.

  • Project Operations Manual or “POM” means the Recipient’s manual referred to in Section I.D of Schedule 2 to this Agreement, as such manual may be amended from time to time with the agreement of the Association.

  • Production Operations means all operations conducted for the purpose of producing Petroleum from the Development Area after the commencement of production from the Development Area including the operation and maintenance of all necessary facilities therefor.

  • Operations Plan means the document by which PURCHASER notifies STATE of the plans and schedule for completing the operations described in the contract. It also contains the names of the subcontractors, PURCHASER's Authorized Representatives, and STATE's Authorized Representatives. Permit means any permit required by a federal, state, or local government agency before operations under this contract may lawfully begin or continue. Permit includes an incidental take permit under the federal Endangered Species Act.

  • Operational Period means a period starting with the date and time a Certificate is issued (or on a later date and time certain if stated in the Certificate) and ending with a date and time at which the Certificate expires or is earlier revoked.