Counterbid definition

Counterbid means a bid submitted by an Entity to consummate a Sale Transaction in accordance with the material terms of the Asset Purchase Agreement at a cash offer price in excess of $40,250,000 received on or before the Counterbid Deadline.
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Examples of Counterbid in a sentence

  • Any Offer Notification shall be made in accordance with all applicable Laws and the parties hereto acknowledge and agree that, notwithstanding any provision to the contrary contained herein except as provided in Section 6.12(c), the Principal Company Shareholders shall not be prohibited from accepting a valid Counterbid (for purposes of this Agreement, such term shall have the meaning ascribed to it in the Company Shareholders Agreement) in accordance with the Company Shareholders Agreement.

Related to Counterbid

  • 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;

  • Responsive Bidder or Offeror means a person who submits a bid or proposal which conforms in all material respects to the invitation for bids or request for proposals.

  • Best Bid means the highest posted bid price of the Common Stock.

  • Dealer means a dealer who sold a Financed Vehicle and who originated and assigned the respective Receivable to AmeriCredit or an Originating Affiliate under a Dealer Agreement or pursuant to a Dealer Assignment.

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