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

Unless otherwise determined by the Board, the Members shall, pursuant to Section 5.6(b), provide funding required for such expenditures to the extent that Cash Available to Nevada JV and its subsidiaries is insufficient to cover the same as Capital Contributions to Nevada JV in their respective Proportionate Interests in accordance with Monthly Funding Statements or Special Funding Statements provided by the Operating Member pursuant to Section 4.5(b)(ii).
Unless otherwise determined by the Board, the Members shall, pursuant to Section 5.6(b), provide funding required for any shortfall as Capital Contributions to Nevada JV in their respective Proportionate Interests in accordance with Monthly Funding Statements or Special Funding Statements provided by the Operating Member pursuant to Section 4.5(b)(ii).
The cost of any such audit will be borne by the Member that is the replacement Operating Member.
If Newmont Member is the resigning Operating Member, Barrick shall be the replacement Operating Member; provided, however, that if Newmont Member has resigned as Operating Member pursuant to Sections 4.11(a)(i) through 4.11(a)(v) and Barrick Member desires that Newmont Member continue as Operating Member, Newmont Member may elect to do so.
The Members acknowledge and agree that Nevada JV and its subsidiaries have adopted, and the Operating Member will abide by, the current Barrick Policies, a copy of which have been made available to each Member.

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 provided 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 ▇▇▇▇▇▇▇ Member managing Operations for Nevada JV pursuant to Section 4.1 or a replacement appointed pursuant to Section 4.11.

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 has the meaning set forth in the introductory paragraph hereof.