The Operating Committee Sample Clauses

The Operating Committee clause establishes a designated group responsible for overseeing and managing the ongoing operations of a joint venture, partnership, or project. Typically, this committee is composed of representatives from each party involved, and it is tasked with making key decisions, setting policies, and resolving operational issues. By clearly defining the structure and authority of the Operating Committee, this clause ensures coordinated management and provides a formal mechanism for collaborative decision-making, thereby reducing the risk of disputes and promoting efficient project governance.
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The Operating Committee. (a) The Parties hereby establish a committee (the "Operating Committee") to oversee and review the conduct of the Credit Card Business pursuant to this Agreement. The Operating Committee shall consist of six voting members and up to four non-voting members, with an equal number appointed by the Company and by Household Bank. The voting members appointed by each of the Company and Household Bank shall include its chief financial officer, general counsel and senior credit officer or other personnel of comparable rank as may from time to time be designated by it. (b) Each party shall have the right to remove or replace, consistent with Section 3.01(a), its appointees for any reason at any time and to fill any vacancy with respect to any of its appointees, whether due to death, resignation or cessation of employment with the appointing party. (c) The Operating Committee may appoint one or more subcommittees and special committees to assume specific responsibilities. Special committee members need not be members of the Operating Committee.
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The Operating Committee. 8.1 Establishment and Powers There is hereby established an Operating Committee which shall exercise general supervision and control over all matters pertaining to the Joint Operations. Without limiting the generality of the foregoing, but subject as otherwise provided in this Agreement, the powers and duties of the Operating Committee shall include: (i) the consideration and determination of all matters relating to general policies, procedures and methods of operation hereunder;
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The Operating Committee. Bylaws may amend the provisions contained in paragraphs 1.8 to 1.15, 1.41 and 1.42 and their respective sub-paragraphs.
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The Operating Committee. (a) The Operating Committee shall consist of one representative and an alternate representative of each Party. Each Party shall notify the other Party of its appointments in writing. Such appointments may be changed at any time by providing similar advance notice in writing to the other Party. (b) The Operating Committee shall meet at least once a year to carry out the duties set forth herein, subject to the Operating Committee’s determination of which of its duties are appropriately carried out at that time, as necessary and appropriate at the time of the meetings. (c) The Operating Committee shall ensure that the facilities of the Network Customer are operated on a coordinated basis in full accordance with the FERC-approved LG&E/KU OATT, the FERC-approved NERC Standards, SERC, or the then- current regional reliability organization standards, operating guides, North American Energy Standards Board (“NAESB”) Business Practices, LG&E/KU Business Practices and Good Utility Practice. (d) The duties of the Operating Committee shall include the following: (i) Establish and maintain control and operating procedures, including those pertaining to information transfers between the Parties, consistent with the provisions of this NOA; (ii) Establish appropriate procedures in order to carry out the requirements of NERC and SERC, or the then-current regional reliability organization requirements; (iii) Assemble and exchange information necessary for transmission planning; (iv) Establish data requirements necessary for the Transmission Owner to provide Network Integration Transmission Service in accordance with the terms and conditions of the Tariff; (v) Review data acquisition equipment, protective equipment, and other equipment or software requirements, standards and procedures; (vi) Coordinate among the members of the Operating Committee with regard to any modifications to the Network Customer’s facilities that might require changes in the Transmission Owner’s real-time telemetry and data acquisition system in order for the Transmission Owner to continue to provide service under the NITSA; (vii) Establish standards for the design, operation, and maintenance of the facilities necessary to integrate the Network Customer’s Network Loads with the Transmission Owner’s Transmission System (including, but not limited to, RTUs, communication equipment, relaying equipment and voltage/power factor measures); (viii) Develop, coordinate and monitor operational procedures for im...
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The Operating Committee. (a) The Operating Committee will, upon establishment, be comprised of four (4) members, of which two (2) members shall be appointed by the Shareholders’ Nominees and two (2) members shall be appointed by the incumbent members of the Board of Directors other than Shareholders Nominees. (b) The charter of the Operating Committee shall be substantively in the form attached hereto as Schedule “B” and shall not be amended or changed in any manner without the prior written consent of the Board of Directors. The Operating Committee shall continue until at least the date of achievement of the Operating Criteria. (c) The Company covenants and agrees to take all necessary or advisable action to recommend to its directors to appoint to and continue membership on the Operating Committee of members nominated by the Shareholders’ Nominees, including, without limitation, arranging for meetings of the Board of Directors to be called, from time to time, for the purposes of appointing to the Operating Committee members nominated by the Shareholders’ Nominees as required pursuant to Section 4.4(a).
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The Operating Committee. The costs actually incurred by the CENTRAL BILLING PARTY in carrying out the central billing functions shall be charged to the MAINTENANCE AUTHORITIES as described in Article 18.7.
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The Operating Committee 
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Related to The Operating Committee

  • Operating Committee the Consortium’s managing body, composed of representatives of the Manager and the Contractors, pursuant to Annex XI.

  • Management Committee 6.1 There shall be constituted a committee to be called the Management Committee with functions as stated herein below. 6.2 Government shall nominate two (2) members representing Government in the Management Committee, whereas each Company constituting the Contractor shall nominate one (1) member each to represent Company in the Management Committee provided that in case the Contractor constitutes only one Company, that Company shall have two (2) members. The Parties shall nominate the members to the Management Committee within thirty (30) days of the Effective Date. 6.3 Each Party may nominate alternate members with full authority to act in the absence and on behalf of the members nominated under Article 6.2 and may, at any time, nominate another member or alternate member to replace any member nominated earlier by notice to other members of the Management Committee. 6.4 One representative of the Government shall be designated as the Chairman of the Management Committee and the second representative of the Government shall be designated as the Deputy Chairman. The member of the Operator, or the member designated by the Operator where Operator has two (2) members in the Management Committee shall be designated as the Secretary of the Committee. 6.5 Operator on behalf of the Contractor with the approval of Operating Committee, if constituted under the Article 7.4, or in case of a single Party constituting the Contractor, then that Party shall submit following matters to the Management Committee for review and it shall have advisory functions: (a) the annual Work Programmes and Budgets in respect of Exploration Operations and any revisions or modifications thereto; (b) annual work progress and costs incurred thereon; (c) proposals for surrender or relinquishment of any part of the Contract Area by the Contractor; (d) proposals for an Appraisal Programme or revisions or additions thereto and the declaration of a Discovery as a Commercial Discovery; (e) any other matter required by the terms of this Contract to be submitted to it for review or advice; and (f) any other matter which the Contractor decides to submit for review or advice including matters concerning inter-Party relationships. 6.6 The following matters shall be submitted by Operator on behalf of the Contractor with the approval of Operating Committee, if constituted under the Article 7.4, or in case of single Party constituting the Contractor, then by that Party to the Management Committee for approval: (a) Annual Work Programmes and Budgets in respect of Development Operations and Production Operations and any modifications or revisions thereto; (b) proposals for the approval of development plans as may be required under this Contract, or modifications or revisions to a Development Plan; (c) determination of a Development Area; (d) appointment of auditors along with scope of audit, approval and adoption of audited report submitted under Article 25.4.3; (e) collaboration with licensees or contractors of other areas; (f) claims or settlement of claims for or on behalf of or against the Contractor in excess of limits fixed by the Management Committee from time to time; (g) proposal about abandonment plan/Site Restoration as required to be submitted under Article 14.10; (h) any other matter required by the terms of this Contract to be submitted for the approval of the Management Committee; (i) any other matter which the Contractor decides to submit to it; and (j) any matter, which Government refers to the Management Committee for its consideration and reasoned opinion. 6.7 Unless agreed otherwise by all the members of the Management Committee, the Management Committee shall meet at least once every six (6) months during the Exploration Period and thereafter at least once every three (3) months or more frequently at the request of any member. The Secretary, with the approval of the Chairman, shall convene each meeting by notifying the members twenty eight (28) days prior to such a meeting (or a shorter period of notice if the members unanimously so agree) of the time and place of such meeting and the purpose thereof and shall include in such notice a provisional agenda for such meeting. The Chairman shall be responsible for processing the final agenda for such meeting and the agenda shall include all items of business requested by the members to be included, provided such requests are received by the Secretary at least ten (10) days prior to the date fixed for the meeting. The Secretary shall forward the agenda to the members at least seven (7) Business Days prior to the date fixed for the meeting. Matters not included in the agenda may be taken up at the meeting by any member with the unanimous consent of all the members whether present or not present at the meeting. 6.8 The Chairman or the Deputy Chairman, as may be the case, shall preside over the meetings of the Management Committee and, in their absence, any other member representing Government and present shall preside over the meetings. 6.9 Secretary to the Management Committee shall be responsible, inter alia, for preparation of the minutes of every meeting in the English language and provision to every member of the Management Committee with two (2) copies of the minutes approved by the Chairman within three (3) Business Days of the meeting. Unless agreed otherwise by all the members of the Management Committee, the minutes of a meeting shall be finalised by the Management Committee within three (3)

  • Training Committee The parties to this Agreement may form a Training Committee. The Training Committee will be constituted by equal numbers of Employer nominees and ETU employee representatives and have a charter which clearly states its role and responsibilities. It shall monitor the clauses of this Agreement which relate to training and ensure all employees have equal access to training.

  • Project Steering Committee 1. For a sound implementation and management of the project, a steering committee shall be set up in line with provisions of the programme manual. 2. The steering committee is the decision-making body of the project and it shall be composed by representatives of the LP and all PPs duly authorised to represent the respective LP and PP institutions. It shall be chaired by the LP and it shall meet on a regular basis. Associated partners shall be invited to take part in the steering committee in an advisory capacity. External key stakeholders may also be invited to take part to one or more meetings in an observer/advisory capacity. 3. The steering committee shall at least: a. be responsible for monitoring and validating the implementation of the project and the achievement of the planned results as in the approved application form; b. perform the financial monitoring of the project implementation and to decide on any budget modifications as in § 11 of this agreement; c. monitor and manage deviations of the project implementation; d. decide on project modifications (e.g. partnership, budget, activities, and duration) if needed; e. be responsible for the settlement of any disputes within the partnership (as stipulated in § 22 of this agreement). 4. Further aspects, including the creation of sub-groups or task forces, may be set out in the rules of procedure of the steering committee.

  • The Joint Committee (a) shall be composed of representatives of the Governments of the Parties; and (b) may establish and delegate its responsibilities to Sub-Committees.