Bidding Priority Sample Clauses

The Bidding Priority clause establishes the order in which parties are allowed to submit bids or offers in a competitive process. Typically, this clause outlines criteria such as seniority, pre-existing agreements, or specific qualifications that determine which party has the first opportunity to bid on a project, asset, or contract. By clearly defining who has priority and under what circumstances, the clause helps prevent disputes and ensures a fair and transparent bidding process.
Bidding Priority a. Bus Drivers shall bid on routes each year in accordance with their placement on the bidding priority list. Priority for bidding shall be based on the employee's dates of hire in accordance with "b" below. When two (2) or more employees are hired on the same date, their positions on the bid list will correspond to their relative positions on the eligibility list from which they are hired, provided, however, that employees on earlier published eligibility lists shall have greater bidding priority. If the date of hire is the same for two (2) or more employees and if two (2) eligibility lists are published the same day for the same classification, the employee with higher total District seniority (established by original date of hiring) with the District will be placed higher on the bid list. If a tie exists between two (2) or more drivers both initially employed by the District on the same date, the driver with the lower number on an eligibility list will be placed higher on the bid list, provided, however, that if the two (2) drivers have the same number on different eligibility lists, their relative positions on the bid list shall be determined by lot. Employees returning to District employment after termination (except for layoff) shall not be credited with bidding priority earned in previous employment.
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Bidding Priority a. Heavy and Medium Truck Drivers shall bid on the various vehicles. Light Truck Drivers shall bid on a route, provided, however, that routes are subject to change as necessitated by the freight being transported and other operational necessity. Heavy Truck Driver Assistants and Truck Driver Helpers shall bid on work shifts, for the year in accordance with their placement on the bidding priority list in the appropriate Division. Bidding priority shall be in accordance with “b” below. b. Annual Bidding Priority Lists shall be prepared utilizing the date of hire in regular status in the class. When two (2) or more employees are hired from an eligibility list on the same date, their positions on the bidding priority list will correspond to their relative positions on the eligibility list from which they were hired. Also, if the employee: (1) Resigned and was reinstated, the reinstatement date shall be used.
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Bidding Priority. Drivers shall bid on the various vehicles, heavy truck driver assistants shall bid on working shifts, and helpers shall bid on work locations for the year in accordance with their date of hire within class or within a higher class in Truck Operations. Bidding priority shall be based on the employee's date of hire or date of entry into the particular class within Truck Operations, whichever is appropriate. When two or more employees are hired from an eligibility list on the same date, their positions on the bid list will correspond to their relative positions on the eligibility list from which they were hired. Employees returning to District employment after termination (except for layoff) shall not be credited with bidding seniority earned in previous employment.
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Bidding Priority a. Heavy and Medium Truck Drivers shall bid on the various vehicles. Light Truck Drivers shall bid on a route, provided, however, that routes are subject to change as necessitated by the freight being transported and other operational necessity. Heavy Truck Driver Assistants and Truck Driver Helpers shall bid on work shifts, for the year in accordance with their placement on the bidding priority list in the appropriate Division. Bidding priority shall be in accordance with “b” below. b. Annual Bidding Priority Lists shall be prepared utilizing the date of hire in regular status in the class. When two (2) or more employees are hired from an eligibility list on the same date, their positions on the bidding priority list will correspond to their relative positions on the eligibility list from which they were hired. Also, if the employee: (1) Resigned and was reinstated, the reinstatement date shall be used. (2) Resigned and was rehired, the rehire date shall be used. (3) Was laid off and then re-employed, the original date of hire shall be used. The break in service shall not be deducted. (4) Left the class for other service in the District and then returned to the class, the hire date shall be adjusted by using original date of hire minus the break in service, with the following exception: If the employee promotes to a supervisory class and then demotes (voluntarily or involuntarily) to a driving class, the original date of hire shall be used. The break in service shall not be deducted. (5) Otherwise returns to District employment after separation (except for layoff) shall not be credited with bidding seniority earned in previous employment.
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Related to Bidding Priority

  • Perfected First Priority Liens (a) This Agreement is effective to create, as collateral security for the Obligations of such U.S. Grantor, valid and enforceable Liens on such U.S. Grantor’s Security Collateral in favor of the ABL Collateral Agent for the benefit of the Secured Parties, except as to enforcement, as may be limited by applicable domestic or foreign bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally, general equitable principles (whether considered in a proceeding in equity or at law) and an implied covenant of good faith and fair dealing. (b) Except with regard to (i) Liens (if any) on Specified Assets and (ii) any rights in favor of the United States government as required by law (if any), upon the completion of the Filings and, with respect to Instruments, Chattel Paper and Documents, upon the earlier of such Filing or the delivery to and continuing possession by the ABL Collateral Agent, the applicable Collateral Representative or any Additional Agent, as applicable, in accordance with any applicable Intercreditor Agreement, of all Instruments, Chattel Paper and Documents a security interest in which is perfected by possession, and upon obtaining and maintenance of “control” (as described in the Code) by the ABL Collateral Agent, the Administrative Agent, the applicable Collateral Representative or any Additional Agent, as applicable (or their respective agents appointed for purposes of perfection), in accordance with any applicable Intercreditor Agreement of the Collateral Proceeds Account, all Letter-of-Credit Rights and all Electronic Chattel Paper a security interest in which is perfected by “control,” and in the case of Commercial Tort Actions (other than such Commercial Tort Actions listed on Schedule 6 on the date of this Agreement), upon the taking of the actions required by subsection 5.2.12, the Liens created pursuant to this Agreement will constitute valid Liens on and (to the extent provided herein) perfected security interests in such U.S. Grantor’s Security Collateral in favor of the ABL Collateral Agent for the benefit of the Secured Parties, and will be prior to all other Liens of all other Persons, in each case other than Liens permitted to have priority pursuant to subsection 8.2 of the ABL Credit Agreement (and subject to any applicable Intercreditor Agreement), and enforceable as such as against all other Persons other than Ordinary Course Transferees, except to the extent that the recording of an assignment or other transfer of title to the ABL Collateral Agent, Administrative Agent, the applicable Collateral Representative or any Additional Agent, (in accordance with any applicable Intercreditor Agreement) or the recording of other applicable documents in the United States Patent and Trademark Office or United States Copyright Office may be necessary for perfection or enforceability, and except as to enforcement, as may be limited by applicable domestic or foreign bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally, general equitable principles (whether considered in a proceeding in equity or at law) and an implied covenant of good faith and fair dealing. As used in this subsection 4.2.2(b), the following terms shall have the following meanings:

  • Rights in Collateral; Priority of Liens Borrower and each other Loan Party own the property granted by it as Collateral under the Collateral Documents, free and clear of any and all Liens in favor of third parties. Upon the proper filing of UCC financing statements, and the taking of the other actions required by the Required Lenders, the Liens granted pursuant to the Collateral Documents will constitute valid and enforceable first, prior and perfected Liens on the Collateral in favor of Agent, for the ratable benefit of Agent and Lenders.

  • Security Interest/Priority This Security Agreement creates a valid security interest in favor of the Agent, for the benefit of the Lenders, in the Collateral of such Obligor and, when properly perfected by filing, shall constitute a valid perfected security interest in such Collateral, to the extent such security can be perfected by filing under the UCC, free and clear of all Liens except for Permitted Liens.

  • Priority If the Managing Underwriter or Underwriters of any proposed Underwritten Offering of Common Units included in an Underwritten Offering involving Included Registrable Securities advises the Partnership that the total amount of Common Units that the Selling Holders and any other Persons intend to include in such offering exceeds the number that can be sold in such offering without being likely to have an adverse effect on the price, timing or distribution of the Common Units offered or the market for the Common Units, then the Common Units to be included in such Underwritten Offering shall include the number of Registrable Securities that such Managing Underwriter or Underwriters advises the Partnership can be sold without having such adverse effect, with such number to be allocated (i) first, to the Partnership and (ii) second, pro rata among the Selling Holders who have requested participation in such Underwritten Offering and any other holder of securities of the Partnership having rights of registration that are neither expressly senior nor subordinated to the Registrable Securities (the “Parity Securities”). The pro rata allocations for each Selling Holder who has requested participation in such Underwritten Offering shall be the product of (a) the aggregate number of Registrable Securities proposed to be sold in such Underwritten Offering multiplied by (b) the fraction derived by dividing (x) the number of Registrable Securities owned on the Closing Date by such Selling Holder by (y) the aggregate number of Registrable Securities owned on the Closing Date by all Selling Holders plus the aggregate number of Parity Securities owned on the Closing Date by all holders of Parity Securities that are participating in the Underwritten Offering.

  • Perfection and Priority The security interest granted pursuant to this Agreement constitutes a valid and continuing perfected security interest in favor of the Collateral Agent for the benefit of the Secured Parties in all Collateral subject, for the following Collateral, to the occurrence of the following: (i) in the case of all Collateral in which a security interest may be perfected by filing a financing statement under the UCC, the completion of the filings specified on Schedule 2 (which, in the case of all filings referred to on such schedule, have been duly authorized by each Grantor and delivered to the Collateral Agent in completed form), (ii) with respect to any deposit account, the execution of a Control Agreement, (iii) in the case of all Copyrights, Trademarks and Patents for which UCC filings are insufficient, all appropriate filings having been made with the Applicable IP Office, (iv) in the case of letter-of-credit rights that are not supporting obligations of Collateral, the execution of a Contractual Obligation granting control to the Collateral Agent over such letter-of-credit rights, and (v) in the case of electronic chattel paper, the completion of all steps necessary to grant control to the Collateral Agent over such electronic chattel paper. Such security interest shall be prior to all other Liens on the Collateral except for Customary Permitted Liens having priority over the Collateral Agent’s Lien by operation of law or permitted pursuant to clause (c), (e) or (j) of the definition of “Customary Permitted Liens” in the Credit Agreement or subsection 8.2(c), 8.2(d), 8.2(e), 8.2(f) or 8.2(h) of the Credit Agreement upon (i) in the case of all Pledged Certificated Stock, Pledged Debt Instruments and Pledged Investment Property, the delivery thereof to the Collateral Agent of such Pledged Certificated Stock, Pledged Debt Instruments and Pledged Investment Property consisting of instruments and certificates, in each case properly endorsed for transfer to the Collateral Agent or in blank, (ii) in the case of all Pledged Investment Property not in certificated form, the execution of a Control Agreement with respect to such investment property, and (iii) in the case of all other instruments and tangible chattel paper that are not Pledged Certificated Stock, Pledged Debt Instruments or Pledged Investment Property, the delivery to the Collateral Agent of such instruments and tangible chattel paper. Except as set forth in this Section 4.2, all actions by each Grantor necessary to perfect the Lien granted hereunder on the Collateral have been duly taken.