Operating rule definition

Operating rule means a regulation adopted by the board that applies generally to the management and operation of the common interest development or the conduct of the business and affairs of the association.

Operating rule means a regulation adopted by the board that applies

Operating rule means any requirement imposed by the Associations, directly or indirectly, related to transactions cleared through the Associations.

Examples of Operating rule in a sentence

• The Board of Directors may declare a distribution of surplus or assessment of deficiencies in the form of member excess or deficient premiums or policyholder excess surplus or deficiencies as required by the Operating Rule for the Determination of Surplus.

• Estimated premium shall be calculated in accordance with procedures established in the Operating Rule for Determination of Exposure Base.

• Distributions of surplus and deficiency assessments shall be made as required by the Board of Directors in accordance with the Enabling Act, Plan and Operating Rule for the Determination of Surplus as they have been interpreted by the courts.

• Each of C Co and each C Co Subsidiary is in material compliance with any law or Operating Rule applicable to such entity or by which any property or asset of such entity is bound or affected, is not currently in material violation of any such law or Operating Rule, and there have been no notices or orders of noncompliance issued to C Co or any C Co Subsidiaries under or in respect of any such laws or Operating Rules.

• Each of F Co and each F Co Subsidiary is in material compliance with any law or Operating Rule applicable to such entity or by which any property or asset of such entity is bound or affected, is not currently in material violation of any such law or Operating Rule, and there have been no notices or orders of noncompliance issued to F Co or any F Co Subsidiaries under or in respect of any such laws or Operating Rules.

More Definitions of Operating rule

Operating rule means the following governing the acceptance of a credit card or

Operating rule means a rule adopted by the board of directors for the management and operation of the common interest development and its association.

Operating rule means a regulation adopted by the Board that applies generally to the management and operation of the Project or the conduct of the business and affairs of the Association. To be valid and enforceable, an operating rule must be (a) reasonable, (b) in writing, (c) within the authority of the Board (d) not in conflict with the law or the Governing Documents and (e) is adopted, amended, or repealed in good faith and in substantial compliance with the requirements of this Article.

Operating rule means a regulation adopted by the board of directors of

Operating rule means a regulation adopted by the board of directors of a homeowners’ association that applies generally to the management and operation of the association’s property or the conduct of the business and affairs of the association.

Operating rule means a regulation adopted by the board or the members that applies

Operating rule means a rule or a procedure adopted by the board of directors in order to implement a law governing associations, e.g. rules to ensure that the association follows Fair Housing laws.