Alternate Bidder definition

Alternate Bidder shall have the meaning set forth in Section 8.09(a).
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Alternate Bidder shall have the meaning set forth in Section 6.02.
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Alternate Bidder means any Person or Entity that proposes a CompetingTransaction.
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Examples of Alternate Bidder in a sentence

  • If contract terms can be agreed upon with the Alternate Bidder, the User Department will prepare an agenda item and make a presentation to the City Council to obtain approval for contract award.

  • Samples of each product listed in this bid may be required from the Apparent Low Bidder, Apparent Second Low Bidder, and Apparent Alternate Bidder for evaluation purposes.

  • The Debtors provided notice of Successful Bidder and Alternate Bidder in accordance with the Bid Procedures Order on July 1, 2016 on the Notice of Successful and Alternate Bidders [Docket No. 198].

  • The Good Faith Deposit of the Alternate Bidder shall be released by the Debtors four (4) Business Days after the completion of the first Closing contemplated by the Buyer and the SCF Sale Agreements.

  • PetroQuest objects to the assumption of the JOA by a Successful Bidder or Alternate Bidder until the Successful Bidder or Alternate Bidder provides PetroQuest with adequate assurance of future performance.

  • The Debtor,in consultation with the First Lien Agent, further determined that the next highest and/or otherwise best bid was made by Crescent Point, which became the Alternate Bidder under the Bid Procedures.

  • PetroQuest files this Limited Objection that the Debtor and Successful Bidder or Alternate Bidder, as applicable, provide adequate assurance and requests that the Court grant such other relief as the court deems just and proper.Dated: July 9, 2020.

  • Following approval of the sale to the Successful Bidder, if the Successful Bidder fails to consummate the sale, then the Alternate Bid will be deemed to be the Successful Bid and the Chapter 11 Trustee, on behalf of the Debtor’s estate, will be authorized, but not directed, to effectuate a sale to the Alternate Bidder subject to the terms of the Alternate Bid of such Alternate Bidder without further order of the Court.

  • If Buyer is chosen as and elects to be the Alternate Bidder, Buyer will be required to keep its bid to consummate the transactions contemplated by this Agreement on the terms and conditions set forth in this Agreement (as the same may be improved upon by Buyer prior to or at the Auction) open and irrevocable until the closing of the sale of the Assets to the Successful Bidder.

  • A "Non-Key Employee" means an Employee who is not a Key Employee.


More Definitions of Alternate Bidder

Alternate Bidder will mean the bidder with the next-highest or otherwise second-best bid as determined in accordance with the Bidding Procedures.
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Alternate Bidder has the meaning set forth in Section 5.2(g).
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Alternate Bidder means any Person (or group of Persons) other than Buyer or its Representatives.
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Alternate Bidder has the meaning set forth in Section 5.18(a).
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Alternate Bidder shall have the meaning set forth in Section 8.20. “Alternative 1” shall have the meaning set forth in Schedule 7.03(b)(iv). “Alternative 2” shall have the meaning set forth in Schedule 7.03(b)(iv).
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Alternate Bidder has the meaning specified in Section 8.15. Exhibit 2.01
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Related to Alternate Bidder

  • Alternate Bid means multiple Bids with substantive variations from the same Bidder in response to a Solicitation.

  • Alternative Bid means a response to a bid that does not meet the exact requirements of the specification but offers an alternative for consideration. An alternative bid is submitted with an intentional variation to a provision, specification, term or condition of the solicitation. This alternative, in the opinion of the bidder, achieves the same end result. Alternative bids may be rejected as non-responsive.

  • Base Bid means a Bid for Public Works to be performed or Supplies or Services to be furnished under a City Contract, including additives, alternates, deductives, excluding force accounts, and taxes collected separately pursuant to Washington Administrative Code (“WAC”) 458-20-171.

  • Responsive Bidder or Offeror means a person who submits a bid or proposal which conforms in all material respects to the invitation for bids or request for proposals.

  • Responsive bidder means a person who has submitted a bid that conforms in all material respects

  • Competitive Bid means an offer by a Lender to make a Competitive Loan in accordance with Section 2.04.

  • Eligible bidder means a person who is:

  • Eligible Bidder(s) means Bidder(s) who are eligible in terms of this E-Auction Process Memorandum, provisions of IBC and provisions of the Liquidation Process Regulations;

  • The Bidder means the individual or firm who participates in this tender and submits its bid.

  • Responsive Bid means a Bid that complies with each of the provisions of this RFB, or is either an alternative bid or a bid with an exception, if accepted by the Agency.

  • Alternate Rate means, for any day, the sum of (a) a rate per annum selected by the Administrative Agent, in its reasonable discretion based on market conditions in consultation with the Company (and any applicable Subsidiary Borrower) and the relevant Lenders, plus (b) the Applicable Margin for Eurocurrency Loans. When used in reference to any Loan, “Alternate Rate” refers to whether such Loan is bearing interest at a rate determined by reference to the Alternate Rate.

  • Price Bid means the Price Bid submitted by the Bidder, in accordance with Clause 8.15.2;

  • Competitive bidding means a transparent process for procurement of equipment, services and works in which bids are invited by the project developer by open advertisement covering the scope and specifications of the equipment, services and works required for the project, and the terms and conditions of the proposed contract as well as the criteria by which bids shall be evaluated, and shall include domestic competitive bidding and international competitive bidding;

  • Non-responsive Bid means a bid, which is not submitted as per the instructions to the bidders or Earnest Money Deposit has not been attached, or the required data has not been provided with the Bid or intentional errors have been committed in the Bid.

  • Credit Bid means, an offer submitted by Agent (on behalf of the Lender group), based upon the instruction of the Required Lenders, to acquire the property of any Loan Party or any portion thereof in exchange for and in full and final satisfaction of all or a portion (as determined by Agent, based upon the instruction of the Required Lenders) of the claims and Obligations under this Agreement and other Loan Documents.

  • Open Competitive Bidding means a fair and transparent specified procedure defined under these Rules, advertised in the prescribed manner, leading to the award of a contract whereby all interested persons, firms, companies or organizations may bid for the contract and includes both National and International Competitive Biddings;

  • Competitive Bid Rate means, with respect to any Competitive Bid, the Margin or the Fixed Rate, as applicable, offered by the Lender making such Competitive Bid.

  • Return Bid has the meaning assigned to such term in the definition of “Dutch Auction”.

  • Contract base bid means the total dollar amount a contractor bids on a contract without factoring any bid incentive or percentage reductions to the bid amount.

  • competitive bidding process means a competitive bidding process referred to in paragraph 12 (1) (d) of this Policy;

  • Competitive Bid Note means a promissory note of any Borrower payable to the order of any Lender, in substantially the form of Exhibit A-2 hereto, evidencing the indebtedness of such Borrower to such Lender resulting from a Competitive Bid Advance made by such Lender to such Borrower.

  • Highest Bidder means the Bidder, who quotes the highest License Fees

  • Alternate applicant in case of a minor means the parent/step-parent/court guardian who has made the application on behalf of the minor;

  • Designated Bidder means (a) an Eligible Assignee or (b) a special purpose corporation that is engaged in making, purchasing or otherwise investing in commercial loans in the ordinary course of its business and that issues (or the parent of which issues) commercial paper rated at least "Prime-1" (or the then equivalent grade) by Xxxxx'x or "A-1" (or the then equivalent grade) by S&P that, in the case of either clause (a) or (b), (i) is organized under the laws of the United States or any State thereof, (ii) shall have become a party hereto pursuant to Section 8.07(d), (e) and (f) and (iii) is not otherwise a Lender.

  • Competitive Bid Reduction has the meaning specified in Section 2.01.

  • Selected Bidder or “Successful Bidder” shall mean the Bidder selected pursuant to this RfS to set up the Project and supply electrical output as per the terms of standard PPA.