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. With the strike averted, port operations will proceed without disruption, maintaining the flow of goods through East and Gulf Coast ports.
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Operational Continuity means the ability to effectively implement the resolution strategy from an operational perspective, which requires insurance or reinsurance
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Examples of Operational Continuity in a sentence

  • The Operational Continuity Plan must take into account: The assignment of contracts with providers of the Contracted Party; The possibility of acquisition of goods whose shelf life extends after the term of the Contract; The costs arising from the operational continuity plan will be recoverable in Cost Oil not submitting themselves to the limits of paragraph 1.4.

  • This includes the right to terminate this contract or retake possession of a student’s room should the student fail to maintain themselves as a student in good standing with the University regulations, or fail to comply fully with the terms of this agreement.

  • Notwithstanding the foregoing, if the Company is unable to obtain the prior written approval of PentaStar with respect to any action which is the subject of clause (c) of the definition of Operational Continuity and the Company, in its good faith business judgment, believes that it is necessary to take such action in order to maintain the viability of the Business, the Company may take such action.

  • WARRANTIES 35 7.1 Conformity to Requirements 35 7.2 Contractor Personnel 36 7.3 Intellectual Property 36 7.4 Licenses and Permits 36 7.5 Operational Continuity 36 7.6 Performance in Public Health Emergency 36 7.7 Lobbying 36 7.8 Survival of Warranties 36 8.0 .....

  • The Operational Continuity Plan must take into account: The assignment of contracts with providers of the Contracted Party; The possibility of acquisition of goods whose shelf life extends after the term of the Contract; The costs arising from the operational continuity plan will be recoverable in Cost Oil not submitting themselves to the limits of paragraph 5.4.


More Definitions of Operational Continuity

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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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.

  • Project Operational Manual means the Project Operational Manual, to be adopted in accordance with Section 6.01 (a) of this Agreement, giving details of guidelines and procedures agreed with the Association for the implementation, supervision, and monitoring and evaluation, of the Project, and the procurement procedures and guidelines for Sub-Projects, as same may be amended from time to time in agreement with the Association, and such term includes any schedules to the Project Operational Manual;

  • 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;

  • Normal operation means all periods of operation except start-up and shutdown operations and maintenance of equipment;