Consortium definition

Consortium means several entities joining forces as an umbrella entity to gain a strategic collaborative advantage by combining their expertise, capital, efforts, skills and knowledge for the purpose of executing this tender.

Consortium means an association of medical use licensees and a PET radionuclide production facility in the same geographical area that jointly own or share in the operation and maintenance cost of the PET radionuclide production facility that produces PET radionuclides for use in producing radioactive drugs within the consortium for noncommercial distributions among its associated members for medical use. The PET radionuclide production facility within the consortium must be located at an educational institution or a Federal facility or a medical facility.

Consortium means any group of persons or firms jointly submitting a Bid as Bid to this RFP and “Consortia” means more than one Consortium;

Examples of Consortium in a sentence

• Unearned payments under this Agreement may be suspended or terminated upon refusal to accept any additional conditions that may be imposed by HUD at any time or if the grant to the Consortium under the Act is suspended or terminated.

• The Grantee shall ensure that sufficient records are maintained to enable the Consortium to determine whether the terms of this Agreement and the requirements of 24 CFR 92.508 (a) have been met.

• Prior to the release of Program funds, the Grantee shall sign a Promissory Note, in a form approved by LHA, in the amount of Fifty-two Thousand, Five Hundred and 00/100 Dollars ($52,500.00) payable to the Consortium in the event the Grantee fails to fulfill the requirements of this agreement, which Promissory Note shall be forgivable upon the sale of the HOME assisted unit to a qualified buyer.

• In the event the sale proceeds are insufficient to repay the entire HOME subsidy due, the Lafayette Housing Consortium will share the net proceeds with the homeowner.

• Unless the Consortium has established a presumption of affordability for the property’s neighborhood in accordance with the specialized procedures per the HOME Final Rule at 24 CFR 92.254(a)(5)(i)(B), the homeowner is required to sell the property to an eligible low-income buyer at an affordable price.

More Definitions of Consortium

Consortium means when more than one (1) business entities (i.e. Consortium members) agree to work together and submit one (1) Proposal to satisfy the requirements of the RFP. One (1) of the Consortium members shall identify itself as the Proponent and assume full responsibility and liability for the work and actions of all Consortium members;

Consortium shall have the meaning set forth in Recital (B);}

Consortium means the consortium of the Centers, managed by the Consortium Board, established on April 29, 2010 to manage and implement the SRF (including CRPs), including as the Consortium is initially operated under a memorandum of understanding with one of the Centers.

Consortium means the consortium formed by the Parties hereto to undertake the Transaction.

Consortium means an unincorporated association of natural or juridical persons bound by contract or law, solidarily undertaking by mutual written agreement a common enterprise which is to participate in the Bidding Process.

Consortium. - means several entities join force under a large project umbrella to gain a strategic collaborative advantage

Consortium means the combination of a maximum of two (2) entities coming together for submission of a Proposal and as particularly described under clause 2.2 of the RFP Document.