Binding Bid definition

Binding Bid means irrevocable capacity request of the Applicant to the capacities of the Slovak System,at IP Veľké Zlievce and/or the Hungarian System at Balassagyarmat by submission of the Annex 2 as described in Article 3.1.3. herein, which in case of acceptance by Eustream for Slovak System or MGT for Hungarian System shall lead into conclusion of transmission contract/contracts.
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Binding Bid has the meaning given to it in the bid document submitted by the New Shipper specifying the New Shipper’s bid for capacity at the Terminal in response to and in accordance with the Open Season Notice issued by GLNG);
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Binding Bid means the binding bid to reserve volumes of Incremental Capacity in the IGB Pipeline made by the Allocated Participant in the "Binding Bid" dated […], provided by the Participant as a condition to participate in the Binding Bidding Phase of Incremental Capacity Process–2023.
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Examples of Binding Bid in a sentence

  • You will also be notified when the Offering Statement has been qualified by the SEC (the “Qualification Date”), which we anticipate will be approximately one day prior to the Binding Bid Time.

  • The UPI Towers Binding Bid subscribed by Highline represents, for all purposes, a valid bid for the acquisition of UPI Towers and execution of the respective Sale and Purchase Agreement, also subject to the payment of a compensatory pecuniary fine by Highline in case of default on the obligation to execute the respective Sale and Purchase Agreement, in compliance with the terms and conditions set forth in the UPI Towers Binding Bid.

  • You will be notified at the time of the Pre-Bidding of the intended Binding Bid Time.

  • Your failure to timely revoke your bid by so indicating on the Investor Platform prior to the Binding Bid Time will result in the bid becoming binding and irrevocable.


More Definitions of Binding Bid

Binding Bid means a binding offer (as the same may be modified from time to time as permitted under Section 5.17(j) hereof) by any Person(s) to acquire all or substantially all of the Loan Parties’ businesses and assets, which binding offer shall be evidenced by a definitive purchase agreement and any related purchase documents setting forth all of the material terms and conditions of its binding bid and providing for a closing date on or before the Outside Sale Closing Date, and a blackline draft of such definitive purchase agreement showing all changes from the form purchase agreement to be provided by the Loan Parties pursuant to Section 5.17(j)(v) hereof.
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Related to Binding Bid

  • binding corporate rules means personal data protection policies which are adhered to by a controller or processor established on the territory of a Member State for transfers or a set of transfers of personal data to a controller or processor in one or more third countries within a group of undertakings, or group of enterprises engaged in a joint economic activity;

  • Enforceable means, with respect to any Contractual Obligation stated to be Enforceable by or against any Person, that such Contractual Obligation is a legal, valid and binding obligation of such Person enforceable by or against such Person in accordance with its terms, except to the extent that enforcement of the rights and remedies created thereby is subject to bankruptcy, insolvency, reorganization, moratorium and other similar laws of general application affecting the rights and remedies of creditors and to general principles of equity (regardless of whether enforceability is considered in a proceeding in equity or at law).

  • Valid means that the Tax Verification Letter’s period of validity, as indicated on the Tax Verification Letter, has not ended.

  • Winning Bid Rate has the meaning specified in Section 11.10(d)(i) below.

  • Closing Bid Price and “Closing Sale Price” means, for any security as of any date, the last closing bid price and last closing trade price, respectively, for such security on the Principal Market, as reported by Bloomberg, or, if the Principal Market begins to operate on an extended hours basis and does not designate the closing bid price or the closing trade price, as the case may be, then the last bid price or the last trade price, respectively, of such security prior to 4:00:00 p.m., New York time, as reported by Bloomberg, or, if the Principal Market is not the principal securities exchange or trading market for such security, the last closing bid price or last trade price, respectively, of such security on the principal securities exchange or trading market where such security is listed or traded as reported by Bloomberg, or if the foregoing do not apply, the last closing bid price or last trade price, respectively, of such security in the over-the-counter market on the electronic bulletin board for such security as reported by Bloomberg, or, if no closing bid price or last trade price, respectively, is reported for such security by Bloomberg, the average of the bid prices, or the ask prices, respectively, of any market makers for such security as reported in the OTC Link or “pink sheets” by OTC Markets Group Inc. (formerly Pink OTC Markets Inc.). If the Closing Bid Price or the Closing Sale Price cannot be calculated for a security on a particular date on any of the foregoing bases, the Closing Bid Price or the Closing Sale Price, as the case may be, of such security on such date shall be the fair market value as mutually determined by the Company and the Holder. If the Company and the Holder are unable to agree upon the fair market value of such security, then such dispute shall be resolved pursuant to Section 12. All such determinations to be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or other similar transaction during the applicable calculation period.