Alternative Quotation definition

Alternative Quotation means a quotation which may not match exactly match the technical requirements but would achieve the same functional outcome.
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Alternative Quotation means a Quotation that is not a Conforming Quotation but that may be considered by the Purchaser subject to the requirements set out in clause 4 of these Conditions of Quoting.
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Examples of Alternative Quotation in a sentence

  • Alternative Quotation This is a quotation in respect of insurance coverage that represents any form of modification, whether by way of improvements, additions, deletions or otherwise, to either: (i) the coverage terms and conditions under the insurance policies; or (ii) the structuring of the policies requested in the Procuring Entity’s Tender Specifications for Coverage.

  • The date of receipt by the Swap Counterparty of either a Trade Notice or an Alternative Quotation Notice shall be a “Trade Date”.

  • If neither (i) nor (ii) above is satisfied for any Alternative Quotation, the Proposed Trade shall be abandoned and shall not become a Completed Trade.The Swap Counterparty shall promptly notify the Investment Manager of the terms on which any Proposed Trade based on Alternative Quotation Notices has become a Completed Trade, as well as of the abandonment of any Proposed Trade, if applicable.

  • If a Trade Notice accepting the Swap Counterparty’s offer contained in the Notice of Trade Information or the modified offer contained in the Revised Notice of Trade Information has been given by the Investment Manager to the Swap Counterparty during the related Trade Window with respect to the relevant Removed Reference Obligation, and no Alternative Quotation Notice has been given, the Swap Counterparty shall enter into the Proposed Trade.

  • Alternative QuotationsAll Alternative Quotations may be accompanied by a conforming Quotation.Quotations submitted as Alternative Quotations or made subject to conditions other than the General and Special Conditions of Contract must in all cases be clearly marked “ Alternative Quotation”.The Principal may in its absolute discretion reject any Alternative Quotation as invalid.

  • The Respondent may include any supplementary material to demonstrate how an Alternative Quotation will fully achieve or exceed the Principal’s requirements.

  • Issues regarding strong-motion forecasting are briefly discussed in §II.D.

  • In such circumstances, the Alternative Quotation will be disregarded for the purpose of effecting the Trade, and the Manager may provide a second Alternative Quotation as soon as possible but no later than 12.00 p.m. (London Time) three London Business Days following the relevant Initial Trade Information Delivery Date.

  • Alternative Bid Spread means a percentage per annum equal to the Alternative Quotation obtained from an Eligible Dealer pursuant to Clause 7.3 for the Eligible Dealer to act as protection buyer.

  • These may be related to the outputs, functional, performance or technical aspects of the requirement.The Principal may specify in the Annexure any exclusion or limitation on the provision of an alternative Quotation (for example specific items of the Supply may be excluded, or alternatives may be limited to specified items of the Supply).The Respondent may include any supplementary material to demonstrate how an Alternative Quotation will fully achieve or exceed the Principal’s requirements.

Related to Alternative Quotation

  • Indicative Quote means a Quote at which the Company has the right not to accept any Instructions or execute any Orders.

  • Administrative Questionnaire means an Administrative Questionnaire in a form supplied by the Administrative Agent.

  • 5-year Mid-Swap Rate Quotations means the arithmetic mean of the bid and offered rates for the annual fixed leg (calculated on a 30/360 day count basis) of a fixed-for-floating euro interest rate swap transaction which:

  • Mid-Market Swap Rate Quotation means a quotation (expressed as a percentage rate per annum) for the relevant Mid-Market Swap Rate;

  • Weighted Average Quotation means, in accordance with the Quotation Method, the weighted average of firm quotations obtained from Dealers at the Valuation Time, to the extent reasonably practicable, each for an amount of the Reference Obligation with an outstanding principal balance (which, for the avoidance of doubt, shall exclude any amounts of capitalised interest) of as large a size as available but less than the Quotation Amount (but of a size equal to the Minimum Quotation Amount or, if quotations of a size equal to the Minimum Quotation Amount are not available, quotations as near in size as practicable to the Minimum Quotation Amount) that in the aggregate are approximately equal to the Quotation Amount and Section 7.11 of the Credit Definitions shall be amended accordingly.

  • Alternative Currency Term Rate means, for any Interest Period, with respect to any Credit Extension:

  • formal written price quotation means quotations referred to in paragraph 12 (1) (c) of this Policy;

  • Alternative Currency Daily Rate means, for any day, with respect to any Credit Extension:

  • Full Quotation means, in accordance with the Quotation Method, each firm quotation obtained from a Dealer at the Valuation Time, to the extent reasonably practicable, for an amount of the Reference Obligation with an outstanding principal balance equal to the Quotation Amount;

  • Alternative Benchmark Rate means an alternative benchmark or screen rate which is customarily applied in international debt capital markets transactions for the purposes of determining floating rates of interest (or the relevant component part thereof) in the Specified Currency, provided that all determinations will be made by the Independent Adviser in its reasonable discretion.

  • Base Rate Term SOFR Determination Day has the meaning specified in the definition of “Term SOFR”.

  • Screen Rate Determination is specified in the applicable Final Terms as the manner in which the Rate of Interest is to be determined and the Reference Rate specified in the applicable Final Terms is not XXXXX or SOFR, the Rate of Interest for each Interest Period will, subject as provided below, be either:

  • Overnight Foreign Currency Rate means, for any amount payable in a Foreign Currency, the rate of interest per annum as determined by the Administrative Agent at which overnight or weekend deposits in the relevant currency (or if such amount due remains unpaid for more than three (3) Business Days, then for such other period of time as the Administrative Agent may elect) for delivery in immediately available and freely transferable funds would be offered by the Administrative Agent to major banks in the interbank market upon request of such major banks for the relevant currency as determined above and in an amount comparable to the unpaid principal amount of the related Credit Event, plus any taxes, levies, imposts, duties, deductions, charges or withholdings imposed upon, or charged to, the Administrative Agent by any relevant correspondent bank in respect of such amount in such relevant currency.

  • Request for Quotation (RFQ means the solicitation document issued by the DFMDC to potential bidders for the purchase of equipment, supplies, and/or services as described in the document. The definition includes these Terms and Conditions as well as all Pricing Pages, Exhibits, Attachments, and Amendments thereto.

  • Alternative Base Rate means the rate that has replaced LIBOR in customary market usage for determining floating interest rates in respect of bonds denominated in Dollars or, if the Independent Financial Adviser or the Issuer (in consultation with the Calculation Agent and acting in good faith and a commercially reasonable manner), as applicable, determines that there is no such rate, such other rate as the Independent Financial Adviser or the Issuer (in consultation with the Calculation Agent and acting in good faith and a commercially reasonable manner), as applicable, determines in its or the Issuer’s sole discretion is most comparable to LIBOR. If the Alternative Base Rate is determined, such Alternative Base Rate shall be the Alternative Base Rate for the remaining Interest Periods.

  • Reference Bank Rate means the arithmetic mean of the rates (rounded upwards to four decimal places) as supplied to the Facility Agent at its request by the Reference Banks as the rate at which the relevant Reference Bank could borrow funds in the London interbank market in dollars for the relevant period, were it to do so by asking for and then accepting interbank offers for deposits in reasonable market size in that currency and for that period.

  • Interest Quotation Day means, in relation to any period for which Interest Rate is to be determined, 2 Quotation Business Days before the first day of the relevant Interest Period.

  • Non-LIBOR Quoted Currency means any currency other than a LIBOR Quoted Currency.

  • Reset Reference Bank Rate means, in relation to a Reset Interest Period and the Reset Rate of Interest Determination Date in relation to such Reset Interest Period, the percentage rate determined on the basis of the 7-year Mid-Swap Rate Quotations provided by the Reset Reference Banks to the Fiscal Agent at approximately 11:00 a.m. (New York City time) on such Reset Rate of Interest Determination Date. If at least three quotations are provided, the Reset Reference Bank Rate will be the arithmetic mean of the quotations provided, eliminating the highest quotation (or, in the event of equality, one of the highest) and the lowest quotation (or, in the event of equality, one of the lowest). If only two quotations are provided, the Reset Reference Bank Rate will be the arithmetic mean of the quotations provided. If only one quotation is provided, the Reset Reference Bank Rate will be the quotation provided. If no quotations are provided,

  • LIBOR Market Index Rate means, for any day, the rate for one-month U.S. dollar deposits as reported on Telerate Page 3750 as of 11:00 a.m., London time, for such day, provided, if such day is not a LIBOR Business Day, the immediately preceding LIBOR Business Day (or if not so reported, then as determined by the Swingline Lender from another recognized source or interbank quotation).

  • Alternative Rate means an alternative benchmark or screen rate which the Independent Adviser determines in accordance with Condition 5(j)(ii) is customarily applied in international debt capital markets transactions for the purposes of determining rates of interest (or the relevant component part thereof) in the same Specified Currency as the Notes.

  • Reference Bank As defined in Section 4.04.

  • Designated LIBOR Currency means the currency specified on the face hereof as to which LIBOR shall be calculated or, if no such currency is specified on the face hereof, United States dollars.

  • Default Settlement Method means Combination Settlement with a Specified Dollar Amount of $1,000 per $1,000 principal amount of Notes; provided, however, that the Company may, from time to time, change the Default Settlement Method by sending notice of the new Default Settlement Method to the Holders, the Trustee and the Conversion Agent.

  • Alternative Currency Term Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Term Rate.” All Alternative Currency Term Rate Loans must be denominated in an Alternative Currency.