Lead Member of the Bidding Consortium definition

Lead Member of the Bidding Consortium or “Lead Member” shall mean a company who commits at least 26% equity stake in the Project, meets the technical requirement as per Clause 2.1.2and so designated by other Member(s) in Bidding Consortium;

Lead Member of the Bidding Consortium or “Lead Member” shall mean the Member which commits at least 51% equity stake in the Project Company and so designated by other Member(s) of the Bidding Consortium in accordance with the Consortium Agreement specified in Format 4.3 of this RfP;

Lead Member of the Bidding Consortium or “Lead Member” shall mean a company who commits at least 26% equity stake in the Project, meets the technical requirement as specified in the RFP and so designated by other Member(s) in Bidding Consortium;

Examples of Lead Member of the Bidding Consortium in a sentence

• A registered partnership firm can also be allowed as a Member Entity of the Bidding Consortium provided a Lead Member of the Bidding Consortium shall be a corporate entity.

• Provided however that the Lead Member of the Bidding Consortium shall be liable to the extent of one hundred percent (100%) of the total proposed commitment of equity investment in the Project Company, i.e., for both its own liability as well as the liability of the other Members.

• The Bidder should be a company duly incorporated under the relevant laws (Bidding Company) or a Consortium of companies (Bidding Consortium) with one of the companies acting as the Lead Member of the Bidding Consortium.

• FORMAT-6.1 Covering Letter(The covering letter should be on the Letter Head of the Bidding Company/ Lead Member of the Bidding Consortium) Date: Reference No: From: (Insert name and address of Bidding Company/ Lead Member of the Bidding Consortium)Tel.#: Fax#:E-mail address:GST number: ToChief Engineer (RE),Maharashtra State Electricity Distribution Co. Ltd.

• Bidder must meet the eligibility criteria independently as Bidding Company or as a Bidding Consortium with one of the members acting as the Lead Member of the Bidding Consortium.

More Definitions of Lead Member of the Bidding Consortium

Lead Member of the Bidding Consortium or “Lead Member” shall mean the Member who submits the Bid and so designated by other Member(s) of the Bidding Consortium in accordance with the Consortium Agreement Specified in Form of this tender.

Lead Member of the Bidding Consortium or “Lead Member” shall mean the Member which commits at least twenty six percent (26%) equity stake in the Project Company and so designated by other Member(s) of the Bidding Consortium in accordance with the Joint Deed Agreement submitted along with its Bid;

Lead Member of the Bidding Consortium or “Lead Member” There shall be only one Lead Member, having the largest shareholding of not less than 51% in the Bidding Consortium and cannot be changed till 1 year after the Commercial Operation Date (COD) of the Project

Lead Member of the Bidding Consortium or “Lead Member” means only one Lead Member, having the controlling shareholding of not less than 51% in the Bidding Consortium and cannot be changed till the end of one (1) year from the Commercial Operation Date (COD) of the Project.

Lead Member of the Bidding Consortium or “Lead Member” shall mean the Member which commits at least 51% equity stake in the Project Company and so designated by other

Lead Member of the Bidding Consortium or “Lead Member” shall mean a company who commits at least 26% equity stake in the Project, meets the technical

Lead Member of the Bidding Consortium or “Lead Member” shall as have the same meaning as assigned to in the RFP