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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Memorandum of Operation means the memorandum of operation and all schedules thereto enacted by the Board pursuant to ARTICLE 15, as supplemented, amended and restated from time to time. “Minimum Level” – paragraph 14.6.2.
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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 Memorandum of Operation enacted by the provisional board of directors may be amended from time to time by a Special Resolution of the board of directors with the concurrence of the Insurance Regulatory Authorities of each Participating Jurisdiction.

  • No municipality or county may utilize or access the System unless and until that municipality or county has become a Subscriber, or until that municipality or county has entered into a Memorandum of Operation or Intergovernmental Agreement with the governing authorities of each Subscriber authorizing such utilization or access.

  • Oxford’s identified housing need has been addressed through both the Duty to Cooperate and Memorandum of Operation (SD6) between Oxford City Council and West Oxfordshire District Council which reached an agreement on the quantum of housing needed, where it would be delivered and the mix of tenures that would be made available.

  • Paragraph 40 of PACICC’s Memorandum of Operation gives PACICC the ability to:• inject capital or issue a guarantee to a book of business of a distressed insurer;• assist in the sale of an insurer or book of business; and• offer guarantees (including procuring reinsurance).

  • The Memorandum of Operation does set the maximum amount payable by a PACICC member in a single year.

  • PACICC’s Memorandum of Operation obligates the Corporation to review its coverage and benefits periodically to ensure that they remain relevant and appropriate.

  • The Memorandum of Operation will be binding on all Members to the same extent as if it were set forth in this By-Law.

  • PACICC’s Memorandum of Operation requires the Board to carefully weigh the impact of any proposed assessment on the total capacity of the Corporation:Paragraph 21 (1) (Draws) of the Memorandum states:The Corporation may levy draws from time to time in respect of each Contributing Member’s Assessment as is deemed necessary by the board of directors.

  • The Memorandum of Operation requires that PACICC calculate the Corporation’s exposure as quickly as possible and clearly communicate this exposure to members.

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 an area coextensive with the territorial boundaries of the land acquired or

  • Commencement of Operations means the beginning of active operations by a qualifying business of the principal function for which a qualifying project was constructed.

  • 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.

  • Co-operation Agreement means an agreement relating to compensation arrangements in the form of the relevant template Co-operation Agreement being:

  • 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.

  • Management Plan means a plan to manage the activities and protect the special value or values in an Antarctic Specially Protected Area or an Antarctic Specially Managed Area.

  • 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.

  • Stormwater management plan means the set of drawings and other documents that comprise all the information and specifications for the programs, drainage systems, structures, BMPs, concepts and techniques intended to maintain or restore quality and quantity of stormwater runoff to pre-development levels.

  • Memorandum of Lease means a memorandum of this Lease, in recordable form, setting forth the following provisions of this Lease: (a) all information any Law requires;

  • Memorandum of Understanding means the memorandum of understanding between the Funder and the Ministry in effect from time to time in accordance with the Management Board of Cabinet “Agencies and Appointments Directive”. Ministry means, as the context requires, the Minister or the Ministry of Health or such other ministry as may be designated in accordance with Applicable Law as the ministry responsible in relation to the relevant matter or the Minister of that ministry, as the context requires.

  • 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;

  • Public resources means water, fish, and wildlife and in addition means capital improvements of the state or its political subdivisions.

  • 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.

  • CMSA Operating Statement Analysis Report means a report substantially in the form of, and containing the information called for in, the downloadable form of the "Operating Statement Analysis Report" available as of the Closing Date on the CMSA Website or in such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CMSA for commercial mortgage-backed securities transactions generally.

  • 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.