Designated Director means a person designated by the RE to ensure overall compliance with the obligations imposed under chapter IV of the PML Act and the Rules and shall include:
Relevant Nominating Body means, in respect of a benchmark or screen rate (as applicable):
Nomination Period means, in respect of a Nomination, the period from the Nomination Start Time to the Nomination End Time;
Nomination Committee means the nomination committee of the Board established in accordance with Article 114;
Nomination means a request by a Shipper to Carrier to transport a stated quantity of Crude Petroleum on the Pipeline for the account of such Shipper in any month.
Independent Director means a director referred to in Section 149 (6) of the Companies Act, 2013.
Incumbent Director means a director who either (i) is a member of the Board as of the Effective Date or (ii) is elected, or nominated for election, to the Board with the affirmative votes of at least a majority of the Incumbent Directors at the time of such election or nomination (but excluding a director who was elected or nominated in connection with an actual or threatened proxy contest relating to the election of directors of the Company).