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 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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Examples of Lead Consortium Member in a sentence

  • We undertake that we fulfil the Eligibility Criteria stipulated in the RFP and fulfil all the eligibility requirements as the Lead Consortium Member/ Sole Bidder as outlined in the RFP.

  • 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.

  • The Letter of Commitment is to be submitted by EACH Promoter or Affiliate or Subsidiary of the Bidding Company / Lead Consortium Member of the Bidding Consortium whose strengths are desired to be considered for purpose of the evaluation of the Minimum Eligibility Criteria of the RFP, on appropriate company letterhead).

  • We hereby agree to ratify all acts, deeds and things lawfully done by Lead Consortium Member, our said attorney pursuant to this Power of Attorney and that all acts deeds and things done by our aforesaid attorney shall and shall always be deemed to have been done by us / Consortium.

  • In any case, if any change is proposed in a Promoter of the Bidding Company / Lead Consortium Member after submission of the RFP, we agree to secure a prior approval of IPDF.6. We therefore request IPDF to consider our strengths, our experience, and our track record as specified in the RFP pursuant to the conditions specified in the RFP, for the purposes of evaluation.

  • However, the Lead Consortium Member shall not be allowed to be changed over the entire Concession Period and shall continue to hold 51% stake in the Consortium till the start of Commercial Operations.

  • The shareholding pattern of the Lead Consortium Member and the Technical Consortium Member cannot be diluted till the expiry of the Concession Period.

  • IT SHALL NOT BE SUBMITTED IN HARD COPY OR AS A PART OF THE TECHNICAL BID..] [On the letter head of each Member of the Consortium including Lead Member/ Sole Bidder] [Reference No.] From:[Address of the Lead Consortium Member/ Sole Bidder] [Telephone No., Fax No., Email][Date] To:Chief General Manager (PP&D) APDCL Sub: Financial Bid for Appointment of AMISP for Smart Prepaid Metering on DBFOOT basis.Ref: [Tender Details] Dear Sir/ Madam, We, the undersigned …....................….

  • The policy functions cy(x) and f (x) are the optimal consumption of the young and the optimal promise of expected utility for their old age when the current old have a utility promise of ω and the current endowment state is s.

  • 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. 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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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).

  • Hosting Partners means companies who entered into an agreement with CIPC in the areas of application management; application hosting, application service provision, and marketplace hosting are incorporated in this category.

  • Non-Managing Member means any Member other than the Managing Member.

  • Equity Member means (a) each entity with a direct interest in the Proposer (whether as a member, partner, joint venture member, or otherwise), (b) each entity proposed to have a direct interest in Developer (whether as a member, partner, joint venture member, or otherwise), and (c) each entity that will have an indirect interest in the Proposer or Developer through one or more intermediaries. Notwithstanding the foregoing, if the Proposer is a publicly traded company, shareholders with less than a 10% interest in the Proposer shall not be considered Equity Members.

  • crew member means a person assigned by an operator to duty on an aircraft during a flight duty period;

  • 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.

  • Investor Limited Partner means any Limited Partner so designated at the time of its admission as a partner of the Partnership.

  • flight crew member means a licensed crew member charged with duties essential to the operation of an aircraft during a flight duty period;

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

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

  • Principal’s Representative means the person nominated by the Principal or other person from time to time appointed in writing by the Principal to act as the Principal’s Representative for the purposes of the Contract.

  • Member in a Bidding Consortium or “Member” shall mean each Company in a Bidding Consortium. In case of a Technology Partner being a member in the Consortium, it has to be a Company.

  • Managing Partner means Geodyne Production Company, a Delaware corporation, and any other Person admitted as additional or Substituted Managing Partner pursuant to Article Six of this Agreement.

  • 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;

  • 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.

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

  • Brookfield Group means Brookfield and any Affiliates of Brookfield, other than any member of the BREP Group;

  • 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

  • Support Partners – means any successful vendor who entered into partnership agreement with CIPC and/or its clients for the provision of support services to a specific solution.

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

  • Strategic Partner means (i) a pharmaceutical or biotechnology company with book equity of at least U.S. $200,000,000, (ii) a pharmaceutical or biotechnology company with sales of at least U.S. $150,000,000, or (iii) a publicly traded, or division or subdivision of a publicly traded, pharmaceutical or biotechnology company with market capitalization in excess of U.S. $200,000,000.

  • Non-Investment Personnel means any Employee that does not meet the definition of Investment Personnel as listed above.

  • Consortium Plan Consortium Plan means the description of the Action and the related agreed budget as first defined in the Grant Agreement and which may be updated by the General Assembly.