Lead Consortium Member definition

Lead Consortium Member means in case of a Bidding consortium, that consortium member vested with the prime responsibility of developing a Project, holding not less than 26% equity stake in the Bidding Consortium and also holding the highest equity stake amongst all other consortium members. In the event of two or more consortium members holding the highest equal equity stake, the Bidding Consortium shall clearly indicate in the Bid which consortium member is to be considered the Lead Consortium Member and the consortium member so indicated or named shall be the Lead Consortium Member.
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Lead Consortium Member means the consortium member vested with the prime responsibility of developing the Project. The Lead Consortium Member shall necessarily have 51% stake in the paid up equity capital of the Special Purpose Company (SPC). The Lead Consortium Member shall be the consortium member signing the Concession Agreement on behalf of the SPC.
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Lead Consortium Member. The Consortium Member taking the lead in submitting this RFP in terms of Clause 8 of Section F i.e. G.C.C of this RFP and duly supported by the legal agreements as per formats in this RFP.
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Examples of Lead Consortium Member in a sentence

  • The Lead Consortium Member is hereby authorized by the Members of Consortium and Parties to the Consortium Agreement to bind the Consortium and receive instructions for and on behalf of all Members.

  • There were no changes to the Company’s capital management during the year ended April 30, 2021.

  • The Lead Consortium Member/ Sole Bidder shall submit the Bid after submitting the Tender Fees and Bid Security as per the various terms, schedules and formats prescribed in this RFP.

  • Only the Lead Consortium Member shall have the authority to conduct all businesses for and on behalf of the consortium during the bidding process and, in the event the consortium is awarded the Contract, during contract execution.

  • Only the Lead Consortium Member shall have the authority to conduct all businesses for and on behalf of the Consortium during the bidding process.

  • It is clearly agreed that the Lead Consortium Member shall ensure performance indicated in the RFP.

  • It is hereby agreed that the Lead Consortium Member shall furnish the Bid Security, as stipulated in the RFP, on behalf of the Bidding Consortium.

  • The Lead Consortium Member is authorized and shall be fully responsible for the accuracy and veracity of the representations and information submitted by the Consortium Members respectively from time to time in response to the RFP for the purposes of the Bid.

  • The Lead Consortium Member shall be liable and responsible for ensuring the individual and collective commitment of each of the Members of the Consortium in discharging all their respective Roles and Responsibilities.

  • Performance requirements laid upon a SIP server (i.e. how many requests per second a server should be able to handle) vary according to the population served.


More Definitions of Lead Consortium Member

Lead Consortium Member means in case of a Bidding consortium, that consortium member vested with the prime responsibility of developing a Project, holding not less than 26% equity stake in the Bidding Consortium and also holding the highest equity stake amongst all other consortium members;
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Lead Consortium Member or “Lead Bidder” shall mean the Member of the Bidding Consortium, designated as such by the other members of the Consortium, having authority to represent all the members before the Utility;
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Related to Lead Consortium Member

  • Consortium Member means a company specified in Recital (B) as a member of the Consortium;}

  • Consortium Members means the members of the Consortium, formed by the Bidder for purposes of the Transaction in accordance with this RFP and shall include members who have submitted the Format for Consortium Agreement (Annexure 5) specified in the RFP.

  • Partnership Representative has the meaning set forth in Section 5.2(a).

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) [replaced by The Companies Act, 2013 (No.18 of 2013)] and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund.

  • Consortium Agreement means this consortium agreement as well as the pre-amble and all annexes hereto;

  • Manager-managed limited liability company means a limited liability company that is managed by

  • Service Partners means any successful vendor who is awarded the proposal or who entered into an agreement with CIPC and/or its clients to offer consulting services in areas such as but not limited to, strategic e-business consulting, evaluation, implementation and continuous improvement or system integration.

  • Limited Partnership Agreement means the Amended and Restated Agreement of Limited Partnership of the Partnership dated as of March 1, 2017, as amended, supplemented or restated from time to time.

  • Public-private partnership agreement means an agreement

  • Business Partner means a legal entity that requires use of a training service in connection with Customer’s and its Affiliates’ internal business operations. These may include customers, distributors, service providers and/or suppliers of Customer.

  • Team Member means an individual who is allowed to access the Cloud Service but is only granted membership in groups associated with “Team Member” permissions for the Cloud Service.2

  • Member-managed limited liability company means a limited liability company that is not a manager-managed limited liability company.

  • Committee Member means a member of the Committee.

  • Team Members means the members of the Team, jointly and severally;