Binding Bids definition

Binding Bids means bids submitted by Shippers for Incremental Capacity in an ICAM which are not subject to any conditions;
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Binding Bids has the meaning set forth in Section 4.12.
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Examples of Binding Bids in a sentence

  • Once Binding Conditional Bids and/or Binding Bids have been received by the Transporter, it shall apply the Economic Test in accordance with this section 4.6.

  • Should Participants wish to profile their capacity request further, then they should submit separate Binding Bids.

  • Those Binding Bids that are accepted at this stage will be considered as part of the preliminary capacity allocation procedure according Section E.4 of the Project Proposal.

  • DESFA shall proceed to the evaluation of the Binding Bids, and following a positive EVT, shall invite the Participants to which capacity shall have been allocated to sign GTAs by sending a Transportation Confirmation to each Participant.

  • It is noted that Binding Bids by Participants will be accepted only within the limits of the guarantees which will have been presented to DESFA.

  • Binding Bids submitted by the same Participant may vary by duration of capacity requested and capacity amount.

  • After the end of the Bid Submission Window, DESFA will assess the received Binding Bids for completeness and compliance with respective requirements.

  • Binding Bids will be processed subject to the Participants meeting the requirements set out in section E.1 of the Project Proposal.

  • Participants may not modify or withdraw the submitted Binding Bid(s).

  • SRG and DESFA will each verify the EVT with the lowest Offer Level meeting the maximum amount of Binding Bids at each IP.

Related to Binding Bids

  • 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.

  • Invitation for bids means all documents, whether attached or incorporated by reference, utilized for soliciting bids.

  • Non-bid Basis means a contract awarded or executed by the Commonwealth with Contractor without seeking bids or proposals from any other potential bidder or offeror.

  • Winning Bidder With respect to a Successful Auction, the Qualified Bidder that bids the highest price.

  • bid means a written offer in a prescribed or stipulated form in response to an invitation by an organ of state for the provision of goods or services, through price quotations, advertised competitive bidding processes or proposals;

  • Ask means the higher price in a Quote at which the price the Client may buy.

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

  • Bid Price means, for any date, the price determined by the first of the following clauses that applies: (a) if the Common Stock is then listed or quoted on a Trading Market, the bid price of the Common Stock for the time in question (or the nearest preceding date) on the Trading Market on which the Common Stock is then listed or quoted as reported by Bloomberg (based on a Trading Day from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)), (b) if OTCQB or OTCQX is not a Trading Market, the volume weighted average price of the Common Stock for such date (or the nearest preceding date) on OTCQB or OTCQX as applicable, (c) if the Common Stock is not then listed or quoted for trading on OTCQB or OTCQX and if prices for the Common Stock are then reported on The Pink Open Market (or a similar organization or agency succeeding to its functions of reporting prices), the most recent bid price per share of the Common Stock so reported, or (d) in all other cases, the fair market value of a share of Common Stock as determined by an independent appraiser selected in good faith by the Purchasers of a majority in interest of the Securities then outstanding and reasonably acceptable to the Company, the fees and expenses of which shall be paid by the Company.

  • Instantaneous Limit means the highest allowable concentration of a substance as measured by a grab sample, or the highest allowable measurement of a parameter as obtained through instantaneous monitoring.

  • Bids means the Techno Commercial Bid submitted by the Bidder along with all documents / credentials / attachments annexure etc., in response to this RFQ, in accordance with the terms and conditions hereof.

  • Reasonably available means able to be contacted by a procurement organization without undue effort and willing and able to act in a timely manner consistent with existing medical criteria necessary for the making of an anatomical gift.

  • BC Bid Website means www.bcbid.gov.bc.ca; “City” means the City of Surrey;

  • BC Bid means the BC Bid website located at www.bcbid.ca;

  • 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.

  • Highest-level owner means the entity that owns or controls an immediate owner of the offeror, or that owns or controls one or more entities that control an immediate owner of the offeror. No entity owns or exercises control of the highest level owner.

  • Bid Valuation Date means May 10, 2010.