Firm Offer means an offer which, when made, was capable of becoming legally binding upon acceptance.
Firm Offer means (A) with respect to an Eligible Replacement, a quotation from such Eligible Replacement (i) in an amount equal to the actual amount payable by or to Party B in consideration of an agreement between Party B and such Eligible Replacement to replace Party A as the counterparty to this Agreement by way of novation or, if such novation is not possible, an agreement between Party B and such Eligible Replacement to enter into a Replacement Transaction (assuming that all Transactions hereunder become Terminated Transactions), and (ii) that constitutes an offer by such Eligible Replacement to replace Party A as the counterparty to this Agreement or enter a Replacement Transaction that will become legally binding upon such Eligible Replacement upon acceptance by Party B, and (B) with respect to an Eligible Guarantor, an offer by such Eligible Guarantor to provide an Eligible Guarantee that will become legally binding upon such Eligible Guarantor upon acceptance by the offeree.
Firm Offer means a quotation from an Eligible Replacement (i) in an amount equal to the actual amount payable by or to Party B in consideration of an agreement between Party B and such Eligible Replacement to replace Party A as the counterparty to this Agreement by way of novation or, if such novation is not possible, an agreement between Party B and such Eligible Replacement to enter into a Replacement Transaction (assuming that all Transactions hereunder become Terminated Transactions), and (ii) that constitutes an offer by such Eligible Replacement to replace Party A as the counterparty to this Agreement or enter a Replacement Transaction that will become legally binding upon such Eligible Replacement upon acceptance by Party B.
Examples of Firm Offer in a sentence
The Offer is always a "Firm Offer," i.e., the Bid must be held open by the Bidder for the District's acceptance for sixty(60) days.
Delivery versus payment (DvP) settlement is available for Applicants under the Broker Firm Offer.
If an Eligible Replacement has made a Firm Offer (which remains an offer that will become legally binding upon acceptance by Party B) to be the transferee pursuant to a Permitted Transfer, Party B shall, at Party A’s written request and at Party A’s expense, take any reasonable steps required to be taken by Party B to effect such transfer.
Applicants under the Broker Firm Offer must not send their Broker Firm Application Forms to the Company or Registry.
Applicants under the Broker Firm Offer must pay their Application Monies in accordance with instructions from their Broker.
More Definitions of Firm Offer
Firm Offer means an offer which, when made, remains capable of becoming legally binding upon acceptance.
Firm Offer means an offer which, when made, is capable of becoming legally binding upon acceptance. Back to Contents SIGNATORIES ML MBS SERVICES LIMITED By: /s/ XXXX XXXXX Name: Title: Date: XXXXXX MASTER ISSUER PLC By: /s/ T.C.R. SHEPHERD Name: Title: Date: THE BANK OF NEW YORK, LONDON BRANCH By: /s/ D. PARENTE Name: Title: Date: Back to Contents ANNEX 1 GUARANTEE OF XXXXXXX XXXXX & CO., INC FOR VALUE RECEIVED, receipt of which is hereby acknowledged, XXXXXXX XXXXX & CO., INC., a corporation duly organized and existing under the laws of the State of Delaware (ML & Co.), hereby unconditionally guarantees to [•] (the Company), the due and punctual payment of any and all amounts payable by ML MBS Services Limited (MLMBS), under the terms of the ISDA Master Agreement between the Company and MLMBS, dated as of [•] (the Agreement), including, in case of default, interest on any amount due, when and as the same shall become due and payable, whether on the scheduled payment dates, at maturity, upon declaration of termination or otherwise, according to the terms thereof. In case of the failure of MLMBS punctually to make any such payment, ML & Co. hereby agrees to make such payment, or cause such payment to be made, promptly upon demand made by the Company to ML & Co.; provided, however that delay by the Company in giving such demand shall in no event affect ML & Co.’s obligations under this Guarantee. This Guarantee shall remain in full force and effect or shall be reinstated (as the case may be) if at any time any payment guaranteed hereunder, in whole or in part, is rescinded or must otherwise be returned by the Company upon the insolvency, bankruptcy or reorganization of MLMBS or otherwise, all as though such payment had not been made. ML & Co. hereby agrees that its obligations hereunder shall be unconditional, irrespective of the validity, regularity or enforceability of the Agreement; the absence of any action to enforce the same; any waiver or consent by the Company concerning any provisions thereof; the rendering of any judgment against MLMBS or any action to enforce the same; or any other circumstances that might otherwise constitute a legal or equitable discharge of a guarantor or a defense of a guarantor. ML & Co. covenants that this guarantee will not be discharged except by complete payment of the amounts payable under the Agreement. This Guarantee shall continue to be effective if MLMBS merges or consolidates with or into another entity, loses its separate leg...
Firm Offer has the meaning assigned to such term in Section 12.2(b).
Firm Offer means (A) with respect to a Substitute Swap Provider, a quotation from such Substitute Swap Provider (i) in an amount equal to the actual amount payable by or to the Trust in consideration of an agreement between the Trust and such Substitute Swap Provider to replace the Counterparty as the counterparty to this Agreement by way of assignment or, if such assignment is not possible, an agreement between the Trust and such Substitute Swap Provider to enter into a Replacement Transaction (assuming that all Transactions hereunder become Terminated Transactions), and (ii) that constitutes an offer by such Substitute Swap Provider to replace the Counterparty as the counterparty to this Agreement or enter a Replacement Transaction that will become legally binding upon such Substitute Swap Provider upon acceptance by the Trust, and (B) with respect to an Eligible Guarantor, an offer by such Eligible Guarantor to provide an Eligible Guarantee that will become legally binding upon such Eligible Guarantor upon acceptance by the offeree.
Firm Offer means an offer which, when made, was capable of becoming legally binding upon acceptance. An entity has a "Qualifying Collateral Trigger Rating" if its long term senior unsecured debt rating from Xxxxx’x is A3 or above, or its long term counterparty risk assessment from Xxxxx’x is A3(cr) or above. An entity has a “Qualifying Transfer Trigger Rating" if its long term senior unsecured debt rating from Xxxxx’x is Baa1 or above, or its long term counterparty risk assessment from Xxxxx’x is Baa1(cr) or above.
Firm Offer means a written offer by a third party in good faith that contains the name of the offeror, the price offered per each Syndicated Share, the payment terms, the number of Syndicated Shares included in the Firm Offer and all the principal terms of the deal.
Firm Offer means an offer which, when made, was capable of becoming legally binding upon acceptance. The "First Rating Trigger Requirements" shall apply so long as no Relevant Entity has the First Trigger Required Ratings. An entity shall have the "First Trigger Required Ratings" (A) where such entity is the subject of a Moody’s Short-term Rating, if such rating is "Prime- 1" and its long-term, unsecured and unsubordinated debt or counterparty obligations are rated "A2" or above by Moody’s and (B) where such entity is not the subject of a Moody’s Short-term Rating, if its long-term, unsecured and unsubordinated debt or counterparty obligations are rated "A1" or above by Moody’s.