Common use of Bid registration Clause in Contracts

Bid registration. 1. The Allocation Platform shall not register a Bid that: (a) does not comply with the requirements of Article 28; or (b) is submitted by a Registered Participant who is suspended in accordance with Article 51. 2. Provided that a Bid or a set of Bids fulfils the requirements set forth in Articles 28 and 29, the Allocation Platform shall confirm to the Registered Participant that such Bid(s) have been correctly registered by acknowledgment of receipt via a message on the Auction Tool. If the Allocation Platform does not issue an acknowledgment of receipt for a Bid, such Bid shall be deemed not to have been registered. Only Bids confirmed as being correctly registered by the Allocation Platform will be valid. 3. The Allocation Platform shall notify a Registered Participant whose Bid is rejected as invalid and the reason for this rejection, without undue delay after the Bid is rejected. 4. The Allocation Platform shall maintain a record of all valid Bids received.

Bid registration. ‌ 1. The Allocation Platform shall not register a Bid that: (a) does not comply with the requirements of Article 28; or (b) is submitted by a Registered Participant who is suspended in accordance with Article 51. 2. Provided that a Bid or a set of Bids fulfils the requirements set forth in Articles 28 and 29, the Allocation Platform shall confirm to the Registered Participant that such Bid(s) have been correctly registered by acknowledgment of receipt via a message on the Auction Tool. If the Allocation Platform does not issue an acknowledgment of receipt for a Bid, such Bid shall be deemed not to have been registered. Only Bids confirmed as being correctly registered by the Allocation Platform will be valid. 3. The Allocation Platform shall notify a Registered Participant whose Bid is rejected as invalid and the reason for this rejection, without undue delay after the Bid is rejected. 4. The Allocation Platform shall maintain a record of all valid Bids received.