OPERATING CONTROLS Sample Clauses
The Operating Controls clause establishes the standards, procedures, and mechanisms by which a party manages and oversees its operations relevant to the agreement. Typically, this clause outlines requirements for maintaining internal controls, compliance with applicable laws, and possibly the right for the other party to review or audit these controls. Its core practical function is to ensure that operations are conducted in a reliable, secure, and compliant manner, thereby reducing risks related to operational failures or regulatory breaches.
OPERATING CONTROLS. In addition to the ON-OFF push-button switch, there are two other operator controls-push-button switches labeled OHMS-OHMS/SQ and 10V-100V. These may be used to temporarily toggle the function or the applied voltage. Once the instrument is shut off or powered down automatically, the power-up default settings are restored.
OPERATING CONTROLS. Unit shall be connected to the Owner's existing building automation system.
OPERATING CONTROLS. Columbia Management conducts periodic reviews to verify that the requirements noted above are met and that the appropriate legal agreements are in place to protect a fund’s interests in the collateral.
OPERATING CONTROLS. In connection with Owner’s privileged license with the State of Nevada, Owner is committed to ensure that Owner’s actions, and those of Operator and their respective guests and invitees do not act as a detriment to the development of gaming industry or reflect discredit upon Owner, the State of Nevada or the gaming industry in general. Accordingly, and notwithstanding anything contained in this Agreement to the contrary and in addition to all other obligations of Operator in this Agreement, Owner specifically requires of Operator as follows:
(1) Operator shall draft, institute and enforce an operational policy which shall ensure Operator conducts its business in a lawful manner appropriate for a first class operation and consistent with the regulatory compliance programs of Owner to include, without limitation, implementation of a “zero tolerance” policy and Operator shall use Operator’s best efforts to address and prevent: (i) over consumption of alcoholic beverages; (ii) underage patronage or underage alcoholic beverage consumption; (iii) possession, use or sale of illegal substances; (iv) prostitution; (v) assaults by Operator employees, guests or invitees either within the Premises, as well as (vi) to address and prevent improper cash handling or reporting activities by Dedicated Corporate Personnel. Operator shall submit such operational policy to Owner for Owner’s review and approval within three (3) days of any request by Owner.
(2) In addition to other records requirements set forth in this Agreement, Operator shall keep accurate books and records with respect to compliance with all Laws relative to, and otherwise implement those controls appropriate for, the operations of Operator’s businesses and the employment of the Dedicated Corporate Personnel including, without limitation, payroll records, tip reporting, pooling and distribution records, register bank reconciliations, TAM card compliance and violations of its operational policy.
(3) Operator shall coordinate all aspects of its operations with Owner management and staff to ensure compliance with Owner’s regulatory compliance programs to include, without limitation, coordination of Operator’s security program with Owner’s security program (including the use of Las Vegas Metropolitan Police) for implementing appropriate handling of guests and invitees within the Premises and in Premises transition areas into the Hotel.
(4) In furtherance of the foregoing, Owner specifically reserves the followi...