Joint Coordinating Committee. (a) Within ninety (90) Days after the Financial Closing Date the Parties shall establish a Joint Coordinating Committee of six (6) members, with the Company appointing three (3) members and BPDB appointing three (3) members (one of whom shall be designated by PGCB) . (i) Each party shall also appoint two (2) substitutes for each of its members. (ii) The substitutes must be appointed at least thirty (30) Days prior to being able to substitute for one of the members. (iii) Substitutes may attend the committee meetings but cannot participate in them unless they are replacing a regular member. (iv) Meetings of the Joint Coordinating Committee shall be held at least once a Month. (b) The chairmanship of the Joint Coordinating Committee shall rotate each year between the Parties, and the first chairman shall be appointed by BPDB. The Joint Coordinating Committee shall develop procedures for holding meetings, keeping minutes of meetings, maintaining records and appointing and operating sub-committees as may be required.
Appears in 4 contracts
Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement
