BID Decisions Sample Clauses
The "BID Decisions" clause defines the process and authority for making determinations regarding bids submitted in response to a solicitation or tender. Typically, this clause outlines who within the organization has the power to accept, reject, or request modifications to bids, and may specify criteria or procedures for evaluating submissions. For example, it might require that all bids be reviewed by a designated committee or that decisions be documented in writing. The core function of this clause is to ensure transparency and consistency in the bid evaluation process, thereby reducing disputes and promoting fair competition among bidders.
BID Decisions. If any proposal is made to include the Premises in any BID applicable to the Term (or to Modify the terms of any BID, including the amount or calculation of any required payments or assessments) and the owner of the Premises is entitled to vote in favor of or against such proposal, then Lessee shall decide how to vote, the parties shall cooperate to effectuate such decision, and Lessee shall have full power to represent the Premises in all matters regarding the BID applicable to the Term, provided that at the time of determination no uncured Event of Default exists, and provided further that Lessee shall not make any decisions or commitments, or incur any obligations with respect to any BID involving the Premises that extend beyond the Term without Lessor’s written consent.
BID Decisions. If any proposal is made to include the Premises in any BID (or to Modify the terms of any BID, including the amount or calculation of any required payments or assessments) and the owner of the Fee Estate is entitled to vote in favor of or against such proposal, then Tenant shall solely decide how to vote on behalf of such owner, the parties shall reasonably cooperate to effectuate such decision, and Tenant shall have full and sole power (to the exclusion of Landlord) to represent the Premises as owner in all matters regarding the BID, provided that at the time of determination the unexpired Term (including any extension option, whether or not exercised) is ten years or more and no Event of Default exists. A BID shall include the creation of a CDD in order to obtain lower interest rates for the funding of CDD costs, as defined in Section 190.003(7), Florida Statutes, as it may be amended or renumbered from time to time. Landlord agrees to timely approve any such application for a CDD in its capacity as owner of the Premises, as long as the unexpired Term condition set forth above is satisfied and no Event of Default exists.
BID Decisions. If any proposal is made to include the Premises in any BID (or to modify any of the terms of any BID, including the amount or calculation of any required payments) and the owner of the Premises is entitled to vote in favor of or against such proposal, then Landlord shall determine how to vote and Tenant shall have no right to participate in such determination or vote. Tenant shall execute any documents Landlord reasonably requires to evidence and implement the requirements of this paragraph.