Operating Functions definition

Operating Functions means the duties and responsibilities assigned to the Operating Agent under this Agreement.
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Examples of Operating Functions in a sentence

  • The Operating Agent shall provide to the Operating Committee Members statistical and administrative reports, budgets, accounting records and information, and other records pertaining to Operating Functions as may be reasonably requested by the Operating Committee Members or as are necessary for the Operating Committee to perform its responsibilities hereunder.

  • Critical Operating Functions – Refers to non-technology operating functions that represent an annual invoicing exceeding a threshold to be periodically determined by the Effectiveness and Reliability Division.

  • Adjustments (including interest at the True-Up Interest Rate, if applicable) shall be made among the Parties, if required, so that all costs properly incurred in the performance of Operating Functions shall have been shared by the Parties in accordance with this Agreement.

  • In recognition of the unique expertise of the Manager in the ability to provide the Services and to operate the business, the Manager shall have the additional authority to plan, design, implement, and manage the Critical Operating Functions.

  • Operating Functions...............................................................................

  • During the Transition Period, the Operating Agent will begin preparation for the Operating Functions related to Elm Road Unit 1.

  • Following these meetings and with this input, the Manager shall, jointly with the President of the Company (unless there is a disagreement between the Manager and the President with respect to such plans, in which case just the Manager), propose reasonably detailed plans to implement the Critical Operating Functions to the Board of Directors for review and approval at a meeting of the Board of Directors.

  • During the Transition Period, the Operating Agent will begin preparation for the Operating Functions related to the New Common Facilities.

  • In the event the Manager shall, during the course of providing the Services hereunder in the Critical Operating Functions, determine that a material change from a prior agreed-upon plan is necessary, appropriate or desirable, the Manager shall submit such material changes to the Board of Directors for review and approval, and the provisions of this Section 8.1(b) shall apply to such changes as if such changes were a new plan, including following the steps set forth above.

  • Integration Objectives include: 1.Complete integration of Corporate Functions: Legal, Finance, IT.2.Implement a similar matrix model to Pepperidge Farm for Operating Functions: Supply Chain and R&D.

Related to Operating Functions

  • Servicing Function Participant Any Additional Servicer, Sub-Servicer, Subcontractor or any other Person, other than the Certificate Administrator, the Operating Advisor, the Master Servicer, the Special Servicer and the Trustee, that is performing activities that address the Servicing Criteria, unless such Person’s activities relate only to 5% or less of the Mortgage Loans by unpaid principal balance calculated in accordance with the provisions of Regulation AB.

  • critical functions means activities, services or operations the discontinuance of which is likely in one or more Member States, to lead to the disruption of services that are essential to the real economy or to disrupt financial stability due to the size, market share, external and internal interconnectedness, complexity or cross-border activities of an institution or group, with particular regard to the substitutability of those activities, services or operations;

  • Essential job functions means the fundamental job duties of the employment position an individual holds. A job function may be considered essential if-

  • Operating Fund means a fund in which the revenues and expenditures are subject to appropriation control.

  • Form, fit, and function data means technical data that describes the required overall physical, functional, and performance characteristics (along with the qualification requirements, if applicable) of an item, component, or process to the extent necessary to permit identification of physically and functionally interchangeable items.

  • Delegated Functions means a function of the Director or the Lord Chancellor delegated to you by an Authorisation;

  • Reporting Subcontractor With respect to the Master Servicer or the Trustee, any Subcontractor determined by such Person pursuant to Section 11.08(b) to be "participating in the servicing function" within the meaning of Item 1122 of Regulation AB. References to a Reporting Subcontractor shall refer only to the Subcontractor of such Person and shall not refer to Subcontractors generally.

  • Outside Servicer With respect to an Outside Serviced Mortgage Loan, the master servicer under the applicable Outside Servicing Agreement.

  • Additional Servicer Each affiliate of each Servicer that services any of the Mortgage Loans and each Person who is not an affiliate of the any Servicer, who services 10% or more of the Mortgage Loans. For clarification purposes, the Master Servicer and the Securities Administrator are Additional Servicers.

  • Tax Service Contract As defined in Section 3.09(a).

  • BPO Services means Provider’s business process outsourcing services described in the applicable Solution Exhibit, whereby Provider assumes responsibility for Customers’ business processes.

  • Services means those functional services ancillary to the supply of the goods, such as transportation and any other incidental services, such as installation, commissioning, provision of technical assistance, training, catering, gardening, security, maintenance and other such obligations of the supplier covered under the contract.

  • Subcontractor means any supplier, distributor, vendor, or firm that furnishes supplies or services to or for a prime contractor or another subcontractor.

  • IT Services any services relating to the IT Systems or to any other aspect of the Company's or any of the Subsidiaries' data processing or data transfer requirements, including facilities management, bureau services, hardware maintenance, software development or support, consultancy, source code deposit, recovery and network services;