English to Ukrainian Bus/Financial Finance (general) Inivitation to Bid for Services

If the Bidder is a group of legal entities that will form or have formed a joint venture, consortium or association at the time of the submission of the Bid, each such legal entity will confirm in their joint Bid that:

(i) they have designated one party to act as a ***lead entity***, duly vested with authority to legally bind the members of the joint venture jointly and severally, and this will be evidenced by a Joint Venture Agreement among the legal entities, which will be submitted along with the Bid; and

(ii) if they are awarded the LTA-S, the designated ***lead entity*** will enter into the LTA-S with XXX, who will be acting for and on behalf of all the member entities comprising the joint venture.

TIA!