Requisite Experience Sample Clauses
The Requisite Experience clause sets out the minimum qualifications, skills, or background that a party or its personnel must possess to perform under the contract. Typically, it requires that individuals or teams assigned to the project have a certain number of years of relevant experience or specific certifications. This ensures that only suitably qualified professionals are engaged, reducing the risk of substandard work and helping to guarantee that contractual obligations are met competently.
Requisite Experience. Each member of the Advisory Committee must at the time of appointment and at all relevant times thereafter have Requisite Experience. The Collateral Manager and the Issuer will have the right to accept a representation and warranty from a member regarding its Requisite Experience, in the absence of actual knowledge by a responsible officer of the Collateral Manager to the contrary.
Requisite Experience. All Disputes Board Members shall be attorneys who (a) are retired judges with at least ten years prior experience as a sitting judge or (b) are active members of the State Bar of Texas or any other state bar with at least ten years prior experience acting as mediators, arbitrators or dispute board members for commercial disputes, in either case who have not been subject to disciplinary action within the past ten years. Preference shall be given to attorneys who, in addition to meeting the foregoing qualifications, are also experienced in interpreting or adjudicating contract rights and claims involving financing, design, construction, operations and/or maintenance of public infrastructure projects.