TENDER DEPOSIT Sample Clauses

TENDER DEPOSIT. Tender deposits, with the exception of those from the two lowest Bidders, will be returned within fifteen (15) days after the tenders are opened. The Tender Deposit of the two lowest Bidders will be held until all necessary documentation has been provided by the successful Bidder (i.e. – Insurance, W.S.I.B. Certificate of Clearance, Bonding, etc.), the Agreement has been duly executed and the Bidder has provided evidence, satisfactory to the City, that all arrangements have been made for commencement of the services to be provided, on the Contract start date.

TENDER DEPOSIT. It is compulsory that service providers download a copy of the bid document that will ONLY be available as from 7 December 2018 on the municipal website: ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇.▇▇, on the tenders and notice’s folder and the National e-Tender Portal: ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇.▇▇ free of charge.

TENDER DEPOSIT. All Tenders for each contract shall be accompanied by a certified cheque or Bank/Trust Company draft or a bid bond for the amount of twenty-five thousand ($25,000.00) payable to the Owner, as a guarantee for the execution of the Contract and the Agreement to Bond. All Tender deposits will be returned to the respective bidders within ten days after the Tenders have been opened, except for those which the Owner elects to retain, until the successful bidder has executed the Contract Documents. The remaining Tender deposits shall be returned when the successful bidder has fully complied with the conditions outlined in the Tender Documents. Tenderers shall note that no payment for interest on the Tender deposits will be made.

TENDER DEPOSIT. 1.3.1 At the time of tendering, the Tenderer shall submit with its Tender, a deposit in the form of a certified cheque, money order or Bid Bond payable to The Ontario Aggregate Resources Corporation. The Tender deposit shall equal at least ten (10) percent of the total Tender Price. 1.3.2 TOARC shall not pay interest on Tender deposits. 1.3.3 TOARC shall retain the Tender deposit of the Tenderer to whom the Contract is to be awarded (the “Successful Tenderer”) until: (a) the successful Tenderer has provided the Performance and Maintenance Bond or Letter of Credit, the Workplace Safety and Insurance Board Certificate of Clearance, and the Insurance Certificate in accordance with section 1.10, 1.11 and 1.13, to the satisfaction of TOARC; and (b) the successful Tenderer has executed the Form of Contract, in accordance with Section 1.12. 1.3.4 TOARC shall retain the Tender deposits of the unsuccessful Tenderers: (a) whom submitted the second and third lowest acceptable Tenders, until the Successful Tenderer has met the requirements set out in section 1.3.3; and (b) all other unsuccessful Tenderers, shall have their Tender deposits returned.

TENDER DEPOSIT. The Tender must be accompanied by a certified cheque or bid bond made payable to the Owner in the amount of ten percent (10%) of the total sum tendered for the work. The unsuccessful Bidders’ certified cheques or bid bonds will be returned as soon as possible after the award of the Contract, or, if no Contract is awarded, after such decision is reached by the Owner. The successful Bidder's certified cheque or bid bond will be returned upon receipt by the Owner of the necessary guarantee bonds.

TENDER DEPOSIT. Each tender shall include a tender deposit in the form of a certified cheque or bid bond in the minimum amount defined below, made payable to the Owner, as a guarantee for the execution of the Contract. $ 20,000.00 or less $ 1,000.00 20,000.01 to 50,000.00 2,000.00 50,000.01 to 100,000.00 5,000.00 100,000.01 to 250,000.00 10,000.00 250,000.01 to 500,000.00 25,000.00 500,000.01 to 1,000,000.00 50,000.00 1,000,000.01 to 2,000,000.00 100,000.00 2,000,000.01 and over 200,000.00 The tender deposits of all but the two (2) lowest Tenderers will be returned within ten (10) days after the date of opening tenders. The tender deposits of the two (2) lowest Tenderers will be retained until a tender has been accepted and the Performance Bond, the Labour and Material Bond and the other documents required herein have been furnished to the satisfaction of the Solicitor and the Contract Administrator for the Owner, save that if a Tenderer has not been requested by the Owner to execute the Agreement within 45 days after the date of opening tenders or if the Contract Administrator has not issued to the Tenderer a written order to commence work within the said 45 days, his/her tender deposit will be returned, except as otherwise provided herein. After the execution of the Contract and the receipt by the Owner of the Performance Bond and the Labour and Material Payment Bond the tender deposit of the successful Tenderer will be returned. If either of the above-mentioned two (2) Tenderers has not been notified within 30 days after the date of opening tenders that his/her tender has been recommended to the Owner for acceptance, he/she may apply to the Owner for the return of his/her tender deposit. Unless otherwise determined by the Owner, the tender deposit of one of the said two (2) tenders (normally the one who submitted the second lowest tender) will be returned when so applied for. The tender deposit of the other Tenderer will be retained or returned by the Owner as provided for elsewhere in this Clause. The Owner may, in its discretion: a) cash a tender deposit cheque or qualify a bid bond and deposit the proceeds to its account, without prejudice to the ultimate disposition of such tender deposit as provided for herein; or b) return a tender deposit to a Tenderer at an earlier time than provided for herein; or c) return a tender deposit to a Tenderer on receipt from the said Tenderer of an alternative security acceptable to the Owner in lieu of the said tender deposit; and...

TENDER DEPOSIT. At the time of tendering, the Tenderer shall submit, with its Tender, a deposit in the form of a certified cheque or a bid bond in favour of the Corporation of the TOWNSHIP OF ▇▇▇▇▇▇▇▇. The Tender deposit shall equal at least ten percent (10%) of the total Tender price. The 10% deposit must include all applicaple taxes. The Owner shall not pay interest on the Tender deposits. The Owner shall retain the Tender deposit of the successful Tenderer until: (a) the successful Tenderer has executed the Form of Agreement in accordance with Section 35 of the tender. (b) the successful Tenderer has provided all bonding and other documents in accorandance with Sections 8 and 14 of the Tender. The Owner shall return the deposits of unsuccessful Tenderers within 30 days of the Tender closing date.

TENDER DEPOSIT. Tender documents can be downloaded as from 26 February 2019 from the following link: ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇.▇▇ and ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇.▇▇, free of charge.

TENDER DEPOSIT. The Parties shall make contribution as a deposit (the “Tender Deposit”) for the Tender in the amounts according to their respective shareholding proportion in the JV Company on a timely basis. In the event that the Tender is not successful, the Parties shall use their best endeavours to continue to review and assess the possibility of participating in any other Tender. The JV Agreement provides that any Tender Deposit made for the unsuccessful Tender will be (i) applied as deposit for participating in other Tender; (ii) refunded to the Parties in accordance with their shareholding proportions in the JV Company; or (iii) dealt with in such a manner as may be agreed between the Parties for the purpose for which the JV Company will be established for other Tender. The JV Agreement shall take effect and be conditional upon the Company obtaining the Independent Shareholders’ approval at the SGM for the terms of the JV Agreement and the transactions contemplated thereunder. If the Tender is successful, the Parties shall as soon as practicable enter into or procure their respective Affiliates to enter into a Shareholders’ Agreement of the JV Company to regulate the rights and obligations of the Parties or their respective Affiliates. The Parties shall do all acts, deeds or things and execute all documents as may be necessary, desirable or expedient for the attainment of, or to give effect to, the Shareholders’ Agreement. The Shareholders’ Agreement shall contain, among others, the following principal terms and conditions: