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. – 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 Power Development Board (BPDB) as a member having experience in the operation and maintenance of Wind System.
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Operating Member is defined in Section 2.03(a).
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Examples of Operating Member in a sentence

  • 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.

  • 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.

  • In addition, upon the request of any Member, the Operating Member shall prepare estimates of the projected federal, state and local taxable income of the Company, and the portion thereof allocable to each Member, within a reasonable time period specified by the Member prior to the end of each tax year.

  • Copies of any material notices or other matters received by the Company shall be promptly delivered by the Operating Member to the Members.

  • The Operating Member shall keep the Management Committee and the Members informed as to all matters of concern to the Management Committee, the Company and the Members.


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.
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Operating Member shall have the meaning provided in the Recitals.
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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
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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.
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Operating Member means WFSG Sub, with such responsibilities, rights and obligations as are set forth in Article 7, subject to the terms of this Agreement.
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Operating Member is a full-time Llcco employee and shareholder;
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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.
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