Bid Deposit. All bids must be accompanied by an xxxxxxx money bid deposit (“Bid Deposit”) in the form of a cashier’s check made out to San Antonio Water System in the amount of ten (10) percent of the bid amount. If a bid is not accepted by SAWS, the cashier’s check will be returned to the unsuccessful bidder at the address provided by bidder in Section 23 within 10 business days of the date that the bid is rejected. The Successful Bidder’s Bid Deposit shall be nonrefundable except in the event of a default by SAWS under this Agreement or as provided in Section 11, but shall be applied to the Bid Price (as defined in Section 23 below) at Closing (as defined in Section 13 below), if and only if Closing occurs hereunder.
Bid Deposit. A deposit of at least 5-percent of the total Bid shall accompany each Bid. This deposit may be by cash, certified check, cashier’s check, or a proposal bond (Surety bond). Any proposal bond shall be on a form acceptable to the Contracting Agency and shall be signed by the Bidder and the Surety. A proposal bond shall not be conditioned in any way to modify the minimum 5-percent required. The Surety shall: (1) be registered with the Washington State Insurance Commissioner, and (2) appear on the current Authorized Insurance List in the State of Washington published by the Office of the Insurance Commissioner. The failure to furnish a Bid deposit of a minimum of 5-percent shall make the Bid nonresponsive and shall cause the Bid to be rejected by the Contracting Agency.
Bid Deposit. Buyer has deposited the sum of $4,437 (five percent of bid amount) in escrow with Comerica Bank-California, San Jose, California (the "Escrow Agent"), as a deposit pending acceptance of Buyer's bid. Such payment shall now be applied to the down payment portion of the purchase price.
Bid Deposit. Bids must be secured with either a bid bond or a bid deposit. A Bid Bond must be in the amount of 25% of the total bid and must be on the Authority’s Bid Bond Form (TA-44117) which is included in the Proposal. A Bid Deposit must be a certified check or cashier’s check made payable to the New York State Thruway Authority or the New York State Canal Corporation in the amount specified in the bid proposal. (Bidders must also submit a Statement of Surety’s Consent with the bid.) The retention and disposition of such bid bond or certified check or bank cashier's check by the Authority shall be pursuant to and in conformity with Section 38(2) of the Highway Law, as amended. Bidders are advised that the Thruway Authority has determined, in the exercise of its discretion, that if the apparent low bidder has submitted a certified check or cashier's check with their bid, they will not be permitted to bond their bid. The second low bidder, if they have submitted a certified check or cashier's check will be permitted to bond their bid as a matter of right; the Thruway Authority form TA-4426 is to be used for this purpose and may be obtained from the Contracts Unit at Authority Administrative Headquarters only.” 102-08 STANDARD CLAUSES FOR ALL NEW YORK STATE CONTRACTS.
Bid Deposit. Each bidder must provide a bid deposit of $2,000,000 no later than April 25, 2022, to participate in the mock auction and the monetary auction. If a bidder would like to qualify to win two lease areas, the bidder must provide a bid deposit of $4,000,000. BOEM will consider extensions to this deadline only if BOEM, in its sole discretion, determines that the failure to timely submit the bid deposit was caused by events beyond the bidder’s control. Further information about bid deposits can be found in the “Bid Deposit” section of this notice.
Bid Deposit. A. No bid deposit will be expected of bidder unless specifications expressly provide otherwise.
Bid Deposit. 1.1 Bidder agrees to deposit the sum of either Five Thousand and 00/100 Dollars ($5,000.00), or Ten Thousand and 00/100 Dollars with Its Flipping Simple, LLC. Where this money will be deposited into Its Flipping Simple’s Deposit Account (“Bid Deposit”).
Bid Deposit. On or before the SPA Effective Date: (i) the Purchaser shall pay to the Escrow Agent the Bid Deposit to be deposited in an escrow account (the “Bid Account”); and (ii) Xxxxxx and Twin Star shall deliver to the Escrow Agent in escrow the Twin Star Shares registered in the name of the Escrow Agent or in such other manner that is acceptable to the Parties acting reasonably (subject to the terms of the Bid Escrow Agreement), or in lieu thereof registered in the name of Xxxxxx and accompanied by a stock transfer power of attorney endorsed in blank for transfer, and the TS Sterlite Shares registered in the name of Twin Star and accompanied by a stock transfer power of attorney endorsed in blank for transfer (the “Share Documents”). The Bid Deposit (plus all interest earned thereon) and the Share Documents shall be held by the Escrow Agent in escrow under the Bid Escrow Agreement and shall be disbursed in accordance with, and upon the earlier to occur of, the following:
Bid Deposit. On the date of this Agreement, Purchaser shall pay Two Million Eight Hundred Twenty Thousand Dollars ($2,820,000.00) (the "Bid Deposit") directly to First American Title Insurance Company, as escrow agent (the "Title Company") pursuant to an escrow agreement among Wickes, Purchaser and the Title Company in the form attached to this Agreement as Exhibit 2.10 (the "Deposit Agreement"). The Bid Deposit shall be applied and transferred to the parties only for the purposes and in the manner set forth in this Section 2.10.
