FORMAL TENDER Sample Clauses

FORMAL TENDER. Formal tender of deed and purchase money are waived.
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FORMAL TENDER. A process requiring the tender to be advertised in the local media and the tender opening to be made publicly. Tenders are to be date-stamped on receipt and, if sealed, must remain sealed until the public opening. For tendering of greater than one hundred thousand ($100,000) dollars, advertising may occur nationally.
Sample 1
FORMAL TENDER. The formal tender of an executed deed and the Purchase Price are hereby waived, but nothing herein contained shall be construed as a waiver of Seller’s obligation to deliver the deed and/or the concurrent obligation of Purchaser to pay the Purchase Price at Closing.
Sample 1
FORMAL TENDER. The property is to be offered for sale by Formal Tender. All interested parties are invited to submit tenders indicating their specified offer to purchase the property by 12:00pm (noon) at the latest on Friday 29th May 2015. All tenders submitted are required to include the following:
Sample 1

Related to FORMAL TENDER

  • Alternative Tenders 12.1 Unless otherwise specified in the TDS, alternative Tenders shall not be considered.

  • Eligible Tenderers 3.1 A Tenderer may be a firm that is a private entity, an individual, a state-owned enterprise or institution subject to ITT3.7, or any combination of such entities in the form of a joint venture (JV) under an existing agreement or with the intent to enter into such an agreement supported by a letter of intent. Public employees and their close relatives (spouses, children, brothers, sisters and uncles and aunts) are not eligible to participate in the tender. In the case of a joint venture, all members shall be jointly and severally liable for the execution of the entire Contract in accordance with the Contract terms. The JV shall nominate a Representative who shall have the authority to conduct all business for and on behalf of any and all the members of the JV during the Tendering process and, in the event the JV is awarded the Contract, during contract execution. The maximum number of JV members shall be specified in the TDS.

  • Period of Validity of Tenders 17.1 Tenders shall remain valid for the Tender Validity period specified in the TDS. The Tender Validity period starts from the date fixed for the Tender submission deadline (as prescribed by the Procuring Entity in accordance with ITT 21.1). A Tender valid for a shorter period shall be rejected by the Procuring Entity as non-responsive.

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