The Operating Committee Sample Clauses
The Operating Committee clause establishes a designated group responsible for overseeing and managing the ongoing operations of a joint venture, partnership, or project. Typically, this committee is composed of representatives from each party involved, and it is tasked with making key decisions, setting policies, and resolving operational issues. By clearly defining the structure and authority of the Operating Committee, this clause ensures coordinated management and provides a formal mechanism for collaborative decision-making, thereby reducing the risk of disputes and promoting efficient project governance.
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The Operating Committee. (a) The Parties hereby establish a committee (the "Operating Committee") to oversee and review the conduct of the Credit Card Business pursuant to this Agreement. The Operating Committee shall consist of six voting members and up to four non-voting members, with an equal number appointed by the Company and by Household Bank. The voting members appointed by each of the Company and Household Bank shall include its chief financial officer, general counsel and senior credit officer or other personnel of comparable rank as may from time to time be designated by it.
(b) Each party shall have the right to remove or replace, consistent with Section 3.01(a), its appointees for any reason at any time and to fill any vacancy with respect to any of its appointees, whether due to death, resignation or cessation of employment with the appointing party.
(c) The Operating Committee may appoint one or more subcommittees and special committees to assume specific responsibilities. Special committee members need not be members of the Operating Committee.
The Operating Committee. 8.1 Establishment and Powers There is hereby established an Operating Committee which shall exercise general supervision and control over all matters pertaining to the Joint Operations. Without limiting the generality of the foregoing, but subject as otherwise provided in this Agreement, the powers and duties of the Operating Committee shall include: (i) the consideration and determination of all matters relating to general policies, procedures and methods of operation hereunder;
The Operating Committee. Bylaws may amend the provisions contained in paragraphs 1.8 to 1.15, 1.41 and 1.42 and their respective sub-paragraphs.
The Operating Committee. (a) The Operating Committee shall consist of one representative and an alternate representative of each Party. Each Party shall notify the other Party of its appointments in writing. Such appointments may be changed at any time by providing similar advance notice in writing to the other Party.
(b) The Operating Committee shall meet at least once a year to carry out the duties set forth herein, subject to the Operating Committee’s determination of which of its duties are appropriately carried out at that time, as necessary and appropriate at the time of the meetings.
(c) The Operating Committee shall ensure that the facilities of the Network Customer are operated on a coordinated basis in full accordance with the FERC-approved LG&E/KU OATT, the FERC-approved NERC Standards, SERC, or the then- current regional reliability organization standards, operating guides, North American Energy Standards Board (“NAESB”) Business Practices, LG&E/KU Business Practices and Good Utility Practice.
(d) The duties of the Operating Committee shall include the following:
(i) Establish and maintain control and operating procedures, including those pertaining to information transfers between the Parties, consistent with the provisions of this NOA;
(ii) Establish appropriate procedures in order to carry out the requirements of NERC and SERC, or the then-current regional reliability organization requirements;
(iii) Assemble and exchange information necessary for transmission planning;
(iv) Establish data requirements necessary for the Transmission Owner to provide Network Integration Transmission Service in accordance with the terms and conditions of the Tariff;
(v) Review data acquisition equipment, protective equipment, and other equipment or software requirements, standards and procedures;
(vi) Coordinate among the members of the Operating Committee with regard to any modifications to the Network Customer’s facilities that might require changes in the Transmission Owner’s real-time telemetry and data acquisition system in order for the Transmission Owner to continue to provide service under the NITSA;
(vii) Establish standards for the design, operation, and maintenance of the facilities necessary to integrate the Network Customer’s Network Loads with the Transmission Owner’s Transmission System (including, but not limited to, RTUs, communication equipment, relaying equipment and voltage/power factor measures);
(viii) Develop, coordinate and monitor operational procedures for im...
The Operating Committee. (a) The Operating Committee will, upon establishment, be comprised of four (4) members, of which two (2) members shall be appointed by the Shareholders’ Nominees and two (2) members shall be appointed by the incumbent members of the Board of Directors other than Shareholders Nominees.
(b) The charter of the Operating Committee shall be substantively in the form attached hereto as Schedule “B” and shall not be amended or changed in any manner without the prior written consent of the Board of Directors. The Operating Committee shall continue until at least the date of achievement of the Operating Criteria.
(c) The Company covenants and agrees to take all necessary or advisable action to recommend to its directors to appoint to and continue membership on the Operating Committee of members nominated by the Shareholders’ Nominees, including, without limitation, arranging for meetings of the Board of Directors to be called, from time to time, for the purposes of appointing to the Operating Committee members nominated by the Shareholders’ Nominees as required pursuant to Section 4.4(a).
The Operating Committee. The costs actually incurred by the CENTRAL BILLING PARTY in carrying out the central billing functions shall be charged to the MAINTENANCE AUTHORITIES as described in Article 18.7.
The Operating Committee