Procedure for Purchase. Preference in procurement of goods or works which are not divisible in nature and in procurement of services where the bid is evaluated on price alone: APPLICABLE FOR THE SUBJECT TENDER
Procedure for Purchase. At any time and from time to time until the termination of this Agreement, the Buyer may request the Purchasing Agent (i) to solicit from Dealers offers to sell to Buyer Qualified Contracts and Qualified Contract Pools, or (ii) to offer to sell to Buyer Qualified Contract and Qualified Contract Pools, from the portfolio of Contracts owned by Purchasing Agent, which portfolio may include Contracts purchased by Purchasing Agent from affiliates of Sovereign. Purchasing Agent shall be obligated to use reasonable efforts to solicit from Dealers offers to sell to Buyer Qualified Contracts and Qualified Contract Pools as soon as practicable following any such request by the Company. In addition, in deciding whether to offer to sell Qualified Contracts to the Buyer or any other purchaser who is affiliated or not affiliated with the Purchasing Agent and for whom Purchasing Agent is also purchasing Contracts, the Purchasing Agent shall select such Contracts from the Qualified Contracts that are or become available for purchase, such selection to be based upon the respective periods of time the purchasing entities have been in existence, the cost of the available Contracts, the amount of their unexpended funds and the need to diversify their holdings; provided, however, that Purchasing Agent shall give priority to purchases on behalf of the limited purpose, securitization subsidiaries of Sovereign (whether of Sovereign Credit Corporation or its parent, Sovereign Credit Holdings, Inc.), including Buyer, over purchases on behalf of Sovereign or Purchasing Agent. Purchasing Agent reserves the right to offer to sell Qualified Contract Pools to the parties for which it purchases Contracts on any other basis that it deems to be equitable. The Buyer shall be obligated to purchase from Dealers through the Purchasing Agent or from the Purchasing Agent or Sovereign affiliates any Contracts properly offered for sale to it, in accordance with the terms of this Agreement, up to a maximum aggregate Purchase Price that may be specified by the Buyer in its request, if such Contracts constitute Qualified Contracts and/or Qualified Contract Pools. Payment of the purchase price by Buyer shall be made at the time of the sale to Buyer from Purchasing Agent or Dealer or the purchase by Purchasing Agent on Buyer's behalf of each Purchased Contract. At all times during the term of this Agreement, Buyer shall retain the right to audit any or all Purchased Contracts and/or Purchased Contract ...
Procedure for Purchase. Preference in procurement of goods or works which are divisible in nature: NOT APPLICABLE FOR THE SUBJECT TENDER
Procedure for Purchase. In the event the Adoption Agreement has provided for the purchase of policies, the Trustees, upon direction from the Plan Administrator, shall purchase policies ratably on behalf of all Participants. All policies shall have an issue date specified in the Adoption Agreement. However, no provision of this Article XII shall be construed as creating a right to an insured death benefit on behalf of any Participant or Beneficiary until and unless a policy on his life has actually been purchased, and a Participant's death benefit shall only include proceeds of policies in force on the date of his death.
Procedure for Purchase. Following an award of Restricted Stock to an Outside Director in accordance with Section 5(c), the Board shall notify the offeree in writing of the terms, conditions and restrictions relating to the offer, and the offeree shall have ninety (90) days within which such person must accept such offer. The offer shall be accepted by execution of a Restricted Stock purchase agreement in such form as the Board shall approve.
Procedure for Purchase. In the event Section III.G.1 of the Adoption Agreement has provided for the purchase of policies, the Trustees, upon direction from the Plan Administrator, shall purchase policies ratably on behalf of all Participants. All policies shall have an issue date specified in Section III.G.3 of the Adoption Agreement. However, no provision of this Article XIV shall be construed as creating a right to an insured death benefit on behalf of any Participant or Beneficiary until and unless a policy on his life has actually been purchased, and a Participant's death benefit shall only include proceeds of policies in force on the date of his death.
Procedure for Purchase. The purchase price for any Shares purchased pursuant to this Section 14 shall be payable, at the option of each Designated Officer, in cash and/or by the delivery to Holdings of a promissory note bearing interest at a rate equal to the lowest Applicable Federal Rate for debt instruments of like maturities, maturing on November 1, 1999, secured to the reasonable satisfaction of the Compensation Committee, and containing such other terms and conditions as the Compensation Committee may approve (all subject to such changes or additional provisions, if any, as may be agreed upon by the Compensation Committee and the particular Designated Officer). Notwithstanding any other provision of this Section 14 to the contrary, (i) Holdings shall not be required to accept promissory
Procedure for Purchase. Preference in procurement of goods or works which are divisible in nature: (NOT APPLICABLE FOR THE SUBJECT TENDER) i Among all qualified bids, the lowest bid will be termed as L1. If L1 is ‘Class-I local supplier’, the contract for full quantity will be awarded to L1. ii If L1 bid is not a 'Class-I local supplier', 50% of the order quantity shall be awarded to L1. Thereafter, the lowest bidder among the 'Class-I local supplier' will be invited to match the L1 price for the remaining 50% quantity subject to the Class-I local supplier's quoted price falling within the margin of purchase preference, and contract for that quantity shall be awarded to such 'Class-I local supplier' subject to matching the L1 price. iii In case such lowest eligible 'Class-I local supplier' fails to match the L1 price or accepts less than the offered quantity, the next higher 'Class-I local supplier' within the margin of purchase preference shall be invited to match the L1 price for remaining quantity and so on, and contract shall be awarded accordingly. iv In case some quantity is still left uncovered on Class-I local suppliers, then such balance quantity may also be ordered on the L1 bidder.
Procedure for Purchase. 6.1 At the Closing Date, the purchase shall be effected by common stock certificates being delivered for an assignment and xxxx of sale for all assets of MASSTECH as listed on Exhibit A hereto.
Procedure for Purchase. (a) At any time and from time to time until the termination of this Agreement, the Buyer may request TFC to solicit from Dealers Receivables and Receivable pools. TFC shall be obligated to use reasonable efforts to solicit from Dealers Receivables and Receivable pools as soon as practicable following any such request by the Buyer. Buyer shall purchase Receivables pursuant to a Transfer Agreement reasonably satisfactory to the Buyer.
