Bid Holder definition
Examples of Bid Holder in a sentence
Contractors shall notify KDOT of their intent to bid as a prime contractor by identifying themselves as a Bid Holder on the website above.
If, after resubmission, there remains more than one offer at the same highest amount, the buyer will be selected by a random process agreed to by the Members having submitted those offers or, failing agreement, specified by the Bid Holder.
Upon receipt of such funds from the Bid Holder, the Master Servicer shall promptly deposit the Termination Price in the Collection Account for subsequent deposit in the Certificate Account in accordance with this Trust Agreement.
Any amounts received by the Master Servicer from the Bid Holder in excess of the Termination Price shall be remitted to the Trustee for distribution to the Call Option Holders.
The terms of such expense reimbursement and the extent of such indemnity may be amended accordant to an agreement between the Master Servicer and the Bid Holder.
If an operation was originally planned for a period of less than six (6)months and is extended, the extension will be offered first to the present Bid Holder to a maximum total of six (6) months.
If two or more Call Option Holder shall have bid the same Bid Price, the Bid Holder shall be the Call Option Holder with the greater Percentage Interest in the NIM Residual Securities or Class X Certificates, as applicable.