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: (1) Engage in any business activities substantially different than those in which Borrower is presently engaged. (2) cease operations, liquidate, merger, transfer, acquire or consolidate with any other entity (other than acquisitions or mergers in which the consideration is primarily Borrower's capital stock), change its name, dissolve or transfer or sell Collateral out of the ordinary course of business, or (3) pay any dividends on Borrower's stock (other than dividends payable in its stock, and other than dividends payable under the 4,000,000 shares of Series A Convertible Preferred Stock purchased by Orient Semiconductor Electronics, Ltd. on April 29, 1999), provided, however, that notwithstanding the foregoing, but only so long as no Event of Default has occurred and is continuing or would result from the payment of dividends, if Borrower is a "Subchapter S Corporation" (as defined in the Internal Revenue Code of 1986, as amended), Borrower may pay cash dividends on its stock to its shareholders from time to time in amounts necessary to enable the shareholders to pay income taxes and make estimated income tax payments to satisfy their liabilities under federal and state law which arise solely from their status as Shareholder of a Subchapter S Corporation because of their ownership of shares of Borrower's stock, or purchase or retire any of Borrower's outstanding shares or alter or amend Borrower's capital structure.
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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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Examples of Continuity of Operations in a sentence

  • Contingency planning to ensure continuity of IT operations and service recovery during emergency events (e.g., risk assessments to determine contingency planning requirements for IT operating environments; develop/maintain contingency, Continuity of Operations (COOP), and disaster recovery plans for IT components, develop/implement emergency preparedness systems).

  • A likely deliverable for this section would be a Continuity of Operations Plan.

  • Such plan shall be contained in the Contractor’s Continuity of Operations Plan (COOP) and shall be updated annually and submitted to EOHHS upon request.

  • Employees who serve in positions that are not designated as "Key COOP Staff' or "Contingency COOP Staff', as defined in their department's Continuity of Operations Plan (COOP), and who may or may not be directed by their appointing authority to work at home or an alternate work location during an emergency.

  • Contractor shall submit a Continuity of Operations Plan (COOP) to the MVEMSA Executive Director for approval, before the start of service.

  • Development or update/review of the Continuity of Operations Plan All PHEP Sub-Recipients June 30, 2022, uploaded to the Plans Library folders on the ADHS AZ-PIRE website Maintain personnel lists.

  • Additional information can be found in FDJJ 1050, Continuity of Operations Plans.

  • The Continuity of Operations Plan must include measures to account for common threats and vulnerabilities that may make a significant disruption more likely.

  • Develop a single Grantee Continuity of Operations Plan specific to Grantee’s management and oversight of the Hospital Preparedness Program.

  • In case of emergency, and resulting unavailability of Board staff, per this agreement and the Board’s Continuity of Operations Plan, the execution of the State Board of Health’s essential functions will devolve to the Department.


More Definitions of Continuity of Operations

Continuity of Operations is hereby amended to read as follows: "
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Continuity of Operations under NEGATIVE CONVENANTS in the Agreement is amended to read as follows:
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Related to Continuity of Operations

  • Commencement of Operations means the beginning of active operations by a qualifying business of the principal function for which a qualifying project was constructed.

  • 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