Operating Member definition

Operating Member means, in relation to a consortium Bidder, the member of such consortium who fulfills the criteria set forth in Clause 1.2.2 of Section II-A.

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Operating Member is defined in Section 2.03(a).

Operating Member. – means the Bidder itself if it is a single firm, or a member of the Bidder consortium designated by the Bidder and qualified by Bangladesh Power Development Board (BPDB) as a member having experience in the operation and maintenance of Solar System.

Examples of Operating Member in a sentence

Except as otherwise expressly provided in this Agreement, the Members (other than Managing Member acting in its capacity as manager of the Company in accordance with and subject to the terms of this Agreement or Operating Member acting in accordance with the authority delegated by Managing Member to Operating Member subject to the terms of this Agreement) shall have no right, power or authority to act for or on behalf of, or otherwise bind, the Company.
If the Operating Member determines that it is necessary or appropriate for the Company to borrow money from any of the Members, then the Operating Member shall cause notice (a “Loan Request Notice”) to be sent to each of the Members, setting forth the amount proposed to be borrowed from the Members and the purpose of the proposed Member Loan.
Each of the Members shall have the right, but not the obligation, to lend to the Company the amount to be borrowed as set forth in such Loan Request Notice, multiplied by its respective Percentage Interest, which shall be exercisable by notice given to the Company and the other Members within 45 days of receipt of the Loan Request Notice from the Operating Member or by such earlier date as shall have been determined to be appropriate by the Operating Member, as set forth in the Loan Request Notice.
In addition, the Operating Member shall cause to be prepared, at the cost and expense of the Company, and delivered to each Member, within ninety (90) days after the end of each tax year, the information necessary for such Member to complete its federal, state and local income tax or information returns.
The Operating Member acknowledges that the financial statements of the Company will be consolidated with those of the Paladin REIT and that the Paladin REIT is subject to the reporting requirements of the Securities Exchange Act of 1934, as amended.

More Definitions of Operating Member

Operating Member means Barrick Member managing Operations for Nevada JV pursuant to Section 4.1 or a replacement appointed pursuant to Section 4.11.

Operating Member shall have the meaning set forth in the Recitals.

Operating Member. – means the Bidder itself if it is a single firm, or a member of the Bidder consortium designated by the Bidder and pre-qualified by Bangladesh

Operating Member means, in relation to a consortium Bidder, the member of such consortium who fulfils the criteria set forth in Sub-section 1.2.2 of Section II.

Operating Member means a Member which

Operating Member means the Member designated as such by written resolution of the Members pursuant to Section 8.1.1 and Section 8.2, subject to the provisions of Section 5.4.8 and 8.9 with respect to its removal or withdrawal from such position. (oo) "Percentage Interest" shall mean the Initial Percentage Interest or Adjusted Percentage Interest, as the case may be.

Operating Member is a full-time Llcco employee and shareholder;