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;
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Continuity of Operations under NEGATIVE COVENANTS in the Agreement is amended as follows:
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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.
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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
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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;
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Related to Continuity of Operations

  • Commencement of Operations means, with respect to any Facility, the completion and the performance of all of the following activities:

  • Areas of Operations means the locations where PURCHASER performs the operations described in the contract.

  • AREA OF OPERATIONS means the Company's oilfield operations in the States of Assam and Arunachal Pradesh.

  • Operations means all the activities conducted by PURCHASER under this contract, including project work, logging, or post harvest activities; or the furnishing of all materials, equipment, labor, and incidentals necessary to successfully complete any individual item or the entire contract.

  • Plan of operation means the plan of operation of the program

  • Area of operation means the area from which the persons can be admitted as members of the Bank.

  • Hours of Operation are the hours established by the Employer to provide adequate service to the public and to fulfil the functions of the work unit.

  • Business operations means engaging in commerce in any form, including by acquiring, developing, maintaining, owning, selling, possessing, leasing, or operating equipment, facilities, personnel, products, services, personal property, real property, or any other apparatus of business or commerce.

  • 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.

  • Certificate of operation means a document issued by the administrator or an approved local jurisdiction for a conveyance indicating that the conveyance has been inspected by the administrator, an approved local jurisdiction, or a licensed third-party conveyance inspector and approved under this article.

  • Exploration Operations means operations conducted in the Contract Area pursuant to this Contract in searching for Petroleum and in the course of an Appraisal Programme and shall include but not be limited to aerial, geological, geophysical, geochemical, palaeontological, palynological, topographical and seismic surveys, analysis, studies and their interpretation, investigations relating to the subsurface geology including structural test drilling, stratigraphic test drilling, drilling of Exploration Xxxxx and Appraisal Xxxxx and other related activities such as surveying, drill site preparation and all work necessarily connected therewith that is conducted in connection with Petroleum exploration.

  • Drilling operations means the drilling of an oil and gas well and the production and completion operations ensuing from the drilling which require entry upon the surface estate and which were commenced after June 30, 1979, and oil and gas geophysical and seismograph exploration activities commenced after June 30, 1983.

  • 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.

  • Financial Services Business for purposes of this Unit Agreement shall mean the business of banking, including deposit, credit, trust and investment services, mortgage banking, asset management, and brokerage and investment banking services. (C) The term "Managerial Responsibilities" for purposes of this Unit Agreement shall mean managerial and supervisory responsibilities and duties that are substantially the same as that Grantee is performing for SunTrust or a SunTrust Affiliate on the date of this Unit Agreement. (D) The term "SunTrust Affiliate" for purposes of this Unit Agreement shall mean any corporation which is a subsidiary corporation (within the meaning of §424(f) of the Code) of SunTrust except a corporation which has subsidiary corporation status under §424(f) of the Code exclusively as a result of SunTrust or a SunTrust Affiliate holding stock in such corporation as a fiduciary with respect to any trust, estate, conservatorship, guardianship or agency. (E) The term "Territory" for purposes of this Unit Agreement shall mean the states of Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia, and the District of Columbia, which are the states and Territories in which SunTrust has significant operations on the date of this Unit Agreement. (F) "Trade Secret" for purposes of Unit Agreement shall mean information, including, but not limited to, technical or nontechnical data, a formula, a pattern, a compilation, a program, a device, a method, a technique, a drawing, a process, financial data, financial plans, product plans, or a list of actual or potential customers or suppliers that: (i) derives economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from it is disclosure or use, and (ii) is the subject of reasonable efforts by SunTrust or a SunTrust Affiliate to maintain its secrecy.

  • Branch operations means any business operations of a branch captive insurance company in this State.

  • Farm operation means any activity conducted solely or primarily for the production of one or more agricultural products or commodities, including timber, for sale or home use, and customarily producing such products or commodities in sufficient quantity to be capable of contributing materially to the operator's support.

  • System Operations means the Power Producer's operation; maintenance and repair of the System performed in accordance the requirement herein.

  • CT conditions of operation means all selectable parameters governing the operation of a CT X-ray system including, but not limited to, nominal tomographic section thickness, filtration, and the technique factors as defined in 41.1(2).

  • Health Care Operations shall have the meaning given to such term under the HIPAA 2 Privacy Rule in 45 CFR § 164.501.

  • Mining Operations means every kind of work done by the Operator:

  • Railway Operation means the construction and operation under this Agreement of the relevant Railway and associated access roads and Additional Infrastructure (if any) within the relevant Railway Corridor and of the associated Lateral Access Roads, in accordance with approved proposals;

  • Generation Operations Center means the location of Buyer’s real-time operations personnel.

  • Discontinued Operations means operations that are accounted for as discontinued operations pursuant to Applicable GAAP of the Issuer for which the Disposal of such assets has not yet occurred.

  • Radiographic operations means all activities performed with a radiographic exposure device, or with a radiation machine. Activities include using, transporting except by common or contract carriers, or storing at a temporary job site, performing surveys to confirm the adequacy of boundaries, setting up equipment, and any activity inside restricted area boundaries. Transporting a radiation machine is not considered a radiographic operation.

  • railway operational procedures means procedures specified under any access agreement (as defined in the Railways Act 1993) or station lease;

  • Supplier Operations means all assets, processes and systems (including information systems), data (including Customer data), personnel, and sites, used or processed by Supplier from time to time in the performance of this Agreement.