Examples of Compliant Tender in a sentence
If the Developer elects not to transfer the Energy System to an Affiliate pursuant to paragraph 2.1.1 above then, provided there is a Liquid Market, the Developer shall undertake the Tender Process in accordance with paragraph 4.2. The following provisions shall apply in respect of the Tender Process:- The objective of the Tender Process shall be to establish and for the Developer to pay to ESCo the Highest Compliant Tender Price, as a result of the Tender Process.
The Developer shall require bidders to bid on the basis that:- they will receive the benefit of any outstanding claims or amounts held under material damages insurance policies; [ ]104 As soon as practicable after tenders have been received, the Developer shall (acting reasonably) review and assess the Compliant Tenders and shall notify ESCo of the Adjusted Highest Compliant Tender Price.
Subject to paragraph 4.8 once the Adjusted Highest Compliant Tender Price is established the Developer shall enter into the New Agreements with the New ESCo and the provisions of paragraph 6 shall apply in respect of payment of the ESCo Termination Amount.