Memorandum of Operation definition

Memorandum of Operation means the memorandum of operation enacted by the board of directors, as amended, revised, restated or replaced from time to time;
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Examples of Memorandum of Operation in a sentence

  • The board of directors shall enact by resolution a Memorandum of Operation which sets forth the detailed rules and procedures which are to be followed by the Corporation in making voluntary payments to certain Policyholders and other claimants in respect of claims under certain insurance policies which are unpaid by reason of a Member becoming an Insolvent Insurer.

  • The finding of probable cause may be based upon hearsay evidence in whole or in part.

  • PACICC’s By-Law No. 1 and its Memorandum of Operation, both as amended, are enclosed.

  • The board of directors may prescribe such rules and regulations not inconsistent with this Memorandum of Operation which may be necessary or desirable in implementing the procedures referred to herein or which deal with any matter contained herein.

  • By becoming a member, your company accepts the responsibilities of membership as described in By-Law No. 1 and the Memorandum of Operation and agrees to pay assessments as levied, including administrative assessments.

  • Paresthesias or dull, aching in the 4th and 5th digits and at least one of the following exam findings: Diminished sensation of the fifth and ulnar half of the ring fingers, which may sometimes include sensory loss to pinprick, light touch, two-point discrimination or Semmes-Weinstein monofilament tests in an ulnar nerve distribution; Positive elbow flexion/ulnar compression test; Later stages manifested by: intrinsic atrophy and ulnar innervated intrinsic weakness;Wartenberg’s sign; Froment’s sign.

  • The procedure is described more fully in By-Law No. 1 and the Memorandum of Operation.

  • The purpose of this Memorandum of Operation is to establish guidelines and procedures whereby the Corporation can make voluntary Compensation Payments in respect of Covered Claims and Unearned Premiums in order to provide a reasonable level of compensation to certain Claimants who have suffered losses in circumstances where a Member has become an Insolvent Insurer.

  • Some of the jurisdictions have enacted appropriate legislation that deems all licensed property and casualty insurers to be members of PACICC and to be bound by its By-laws and Memorandum of Operation, including commitments to make their appropriate contributions to assessments.

  • This step requires rigorous analysis but is unlikely to be contentious.Further, PACICC’s Memorandum of Operation limits the total annual amount that the corporation can require of insurers in any single year.

Related to Memorandum of Operation

  • Plan of operation means the plan of operation of the program

  • Certificate of operation means a document issued by the administrator or an approved local jurisdiction for a conveyance indicating that the conveyance has been inspected by the administrator, an approved local jurisdiction, or a licensed third-party conveyance inspector and approved under this article.

  • Area of operation means the area from which the persons can be admitted as members of the Bank.

  • Commencement of Operations means, with respect to any Facility, the completion and the performance of all of the following activities:

  • Areas of Operations means the locations where PURCHASER performs the operations described in the contract.

  • AREA OF OPERATIONS means the Company's oilfield operations in the States of Assam and Arunachal Pradesh.

  • Hours of Operation are the hours established by the Employer to provide adequate service to the public and to fulfil the functions of the work unit.

  • Railway Operation means the construction and operation under this Agreement of the relevant Railway and associated access roads and Additional Infrastructure (if any) within the relevant Railway Corridor and of the associated Lateral Access Roads, in accordance with approved proposals;

  • Co-operation Agreement means the agreement between the Exchange and Oslo Børs with regards to the access to the Linked Order Book;

  • In operation means engaged in activity related to the primary design function of the source.

  • Memorandum of Agreement means the agreement executed by and between FFA and the Institution in which these Conditions have been incorporated by reference;

  • Memorandum of Association means the memorandum of association of the Company, as amended or substituted from time to time;

  • Financial Records means any document or summary of information contained in a document, including electronic documents, that contains information about the financial activities or position of a person including, but not limited to, information about the assets, balance sheets, budgets, cash flow, earnings, revenue, expenditures, income, investments, losses, liabilities, payroll, profits, retained earnings, or taxes.

  • Revise and Resubmit means that the Submittal does not meet all the requirements necessary to proceed with the Work associated with the Submittal. The Contractor must resubmit in accordance with the reviewer’s comments and/or corrections. Submittal marked in this manner must not be released for fabrication, delivery, or construction.

  • Operations means all the activities conducted by PURCHASER under this contract, including project work, logging, or post harvest activities; or the furnishing of all materials, equipment, labor, and incidentals necessary to successfully complete any individual item or the entire contract.

  • Memorandum of Lease has the meaning set forth in Section 5.01(c)(iii).

  • Memorandum of Understanding means that certain predecessor agreement between the Parties to develop this Joint Operating Agreement dated February 27, 2004.

  • Team Sheet means a form provided by the Competition on which the names of the Players taking part in a Competition match are listed.

  • Operational Plan means a Forest Stewardship Plan, Woodlot Licence Plan, a Range Use Plan, or Range Stewardship Plan, as those terms are defined in provincial forest and range legislation;

  • financial recovery plan means a plan prepared in terms of section 141 of the MFMA

  • Business operations means engaging in commerce in any form, including by acquiring, developing, maintaining, owning, selling, possessing, leasing, or operating equipment, facilities, personnel, products, services, personal property, real property, or any other apparatus of business or commerce.

  • mariner means a person who is employed under a contract of service either as a master or member of the crew of any ship or vessel, or in any other capacity on board any ship or vessel, where—

  • Farm operation means any activity conducted solely or primarily for the production of one or more agricultural products or commodities, including timber, for sale or home use, and customarily producing such products or commodities in sufficient quantity to be capable of contributing materially to the operator's support.

  • Procedures Memorandum means administrative procedures and guidelines relating to the settlement of issues of Notes (other than Syndicated Issues) as shall be agreed upon from time to time by the Issuer, the Trustee, the Permanent Dealers (as defined in the Dealer Agreement) and the Issuing and Paying Agent and which, at the date of this Trust Deed, are set out in Schedule A to the Dealer Agreement;

  • Operating Plan means a plan adopted or amended under this section for the development, redevelopment, maintenance, operation and promotion of a business improvement district, including all of the following: