Consortium Leader definition
Examples of Consortium Leader in a sentence
In case of a Consortium/JV, Power of Attorney issued by Board of Directors/ CEO / MD / Company Secretary of the Consortium Leader as well as Consortium Member(s) of the Consortium/ partners of JV, in favour of the authorised employee(s) of the Consortium Leader/Lead member of JV, for signing the documents on behalf of the Bidder, in respect of this particular tender, to sign the Bid and all subsequent communications, agreements, documents etc.
Consortium Leader shall make payments to ORCID, under the terms set forth in the Consortium Agreement.
If Consortium Leader objects to any such modifications, Consortium Leader may terminate this License Agreement (effective as of the effective date of such modifications) by providing written notice to ORCID prior to the effective date, and ORCID will provide Consortium Leader with a pro-rata refund.
ORCID shall have 10 days from the receipt of such notice to cure the alleged breach and to notify (in writing) Consortium Leader that such cure has been effected.
In the event that Consortium Leader believes ORCID has materially breached any obligations, representations, or warranties under the Consortium Agreement or this License Agreement, it shall so notify ORCID in writing.
This License Agreement has been executed for the sole benefit of ORCID, Consortium Leader and the Consortium Members and is not intended for the benefit of any third party, regardless of any laws to the contrary.
In the event of the termination or expiration of Consortium Leader, ORCID shall have the option of terminating each Consortium Member’s rights hereunder as well, in which case it will allow each non-breaching Consortium Member to enter into an ORCID member license agreement directly with ORCID at the individual member rate.
If the breach is not cured within the 10-day period, ORCID shall have the right to terminate this License Agreement with respect to the Consortium Member immediately upon written notice; provided, however, that if the breaching party is Consortium Leader, ORCID shall have the right to terminate the Consortium Agreement and this License Agreement with respect to both Consortium Leader and each Consortium Member.
In the event that ORCID believes that Consortium Leader or a Consortium Member has materially breached any obligations, representations, or warranties under this License Agreement (or the Consortium Agreement in the case of Consortium Leader), it shall so notify Consortium Leader in writing.
If the breach is not cured within the 10-day period, Consortium Leader shall have the right to terminate the Consortium Agreement and this License Agreement immediately upon written notice.