Initial Bid definition

Initial Bid shall have the meaning given to that term in Subparagraph 3.02(b) of the Purchase Agreement.
Sample 1Sample 2Sample 3
Initial Bid means bids received by the Debtors for the Hotel Management Rights pursuant to the Procedures.
Sample 1Sample 2Sample 3
Initial Bid means an initial bid entered by a Bidder in respect of Phase 1b of the Procurement Process;
Sample 1

Examples of Initial Bid in a sentence

  • Initial Bid scrutiny will be held and incomplete details as given below will be treated as non-responsive.

  • Initial Bid scrutiny will be conducted and incomplete details as given below will be treated as non-responsive.

  • Initial Bid scrutiny will be held and incomplete details as given below will be treated as non- responsive.

  • Initial Bid scrutiny will be held and incomplete details as given below will be treated as nonresponsive.

  • As soon as reasonably practicable following the Initial Bid Deadline, the Receiver, in consultation with the Broker, will assess the Non-Binding LOIs received and determine which Non- Binding LOIs constitute Bids.

  • The Receiver and/or the Broker may request clarification of the terms of any Non-Binding LOI and, for greater certainty, may hold clarifying discussion with any Bidder regarding its Non-Binding LOI, including to request that such Bidder submit a revised and clarified Non-Binding LOI, provided the initial Non- Binding LOI was submitted by the Initial Bid Deadline.

  • Select one or more non-overlapping Bids as a lead bid (a “ Lead Bid”), if the Bidder submitting such Lead Bid is determined to be a Qualified Bidder and such Bid is determined to satisfy the requirements of a Qualified Bid set out in paragraph 19 (with the exception of it being irrevocable and binding, and provided that it has been submitted by the Initial Bid Deadline) and negotiate and settle the terms of Binding Agreement(s) with such Qualified Bidder(s).

  • At any time during the Sale Process, the Receiver may, in consultation with the Broker, eliminate a Potential Bidder or Bidder from the Sale Process, including if: (i) such party does not submit a Bid by the Initial Bid Deadline, (ii) such party does not submit a Qualified Bid by the Qualified Bid Deadline (if applicable), or (iii) the Receiver determines that a previously designated Qualified Bidder ceases to meet the criteria of a Qualified Bidder.

  • Initial Bid scrutiny will be held and Tenders as given below will be treated as non-responsive.

  • Initial Bid scrutiny will be held, and incomplete details as given below will be treated as non-responsive.


More Definitions of Initial Bid

Initial Bid means each of the written proposals submitted by a Bidder as part of this procurement process and in response to the Initial Bid Requirements set out in this IPD
Sample 1
Initial Bid means the initial amount, expressed in Canadian dollars and cents ($) per cubic metre (m3), the bidder will pay to the Province for each cubic metre of primary species volume produced from the permit if issued to the bidder.
Sample 1

Related to Initial Bid

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

  • Proposal / Bid means the technical proposal and the commercial/financial proposal.

  • Buy Bid means a bid to buy Capacity Resources in any Incremental Auction.

  • Purchase Transaction means a purchase of scrap metal, or the purchase of property described in section 10 if the knowing purchase or offer to purchase that property is not prohibited by that section, by a scrap metal dealer. The term does not include any of the following:

  • Successful Bidder As defined in Section 7.01(c).

  • Initial Closing Price means the RI Closing Value of a Reference Item on the Strike Date

  • Alternative Transaction has the meaning set forth in Section 6.2(a).

  • Preferred Bidder means a bidder that is entitled to receive a reciprocal preference under the requirements of this chapter.

  • Subsequent Closing Date means, with respect to each Subsequent Closing, the date on which such Subsequent Closing is deemed to have occurred.

  • Subsequent Financing Notice shall have the meaning ascribed to such term in Section 4.12(b).

  • Successful Bidder(s) means the bidder(s) to whom work in this tender is awarded.

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

  • Initial Closing Date shall have the meaning assigned to such term in Section 1.2 hereof.

  • Designated Bidder means (a) an Eligible Assignee or (b) a special purpose corporation that is engaged in making, purchasing or otherwise investing in commercial loans in the ordinary course of its business and that issues (or the parent of which issues) commercial paper rated at least "Prime-1" (or the then equivalent grade) by Xxxxx'x or "A-1" (or the then equivalent grade) by S&P that, in the case of either clause (a) or (b), (i) is organized under the laws of the United States or any State thereof, (ii) shall have become a party hereto pursuant to Section 8.07(d), (e) and (f) and (iii) is not otherwise a Lender.

  • Proposed Purchaser shall have the meaning set forth in Section 5.7(a).

  • Alternative Transaction Proposal means any offer, inquiry, proposal or indication of interest, written or oral (whether binding or non-binding and other than an offer, inquiry, proposal or indication of interest by Parent or an Affiliate of Parent), relating to an Alternative Transaction.

  • Debt Purchase Transaction means, in relation to a person, a transaction where such person:

  • Qualified Bidder As defined in Section 7.01(c).

  • Second Closing Date has the meaning set forth in Section 1.3.

  • issuer bid means an offer to acquire or redeem securities of an issuer made by the issuer to one or more persons, any of whom is in the local jurisdiction or whose last address as shown on the books of the offeree issuer is in the local jurisdiction, and also includes an acquisition or redemption of securities of the issuer by the issuer from those persons, but does not include an offer to acquire or redeem, or an acquisition or redemption if

  • Subsequent Sale means the sale of additional Securitization Property by the Seller to the Issuer after the Initial Transfer Date, subject to the satisfaction of the conditions specified in the Sale Agreement and the Indenture.

  • Purchase and Sale Agreement means the Purchase and Sale Agreement, dated as of the Closing Date, among the Servicer, the Originators and the Borrower, as such agreement may be amended, supplemented or otherwise modified from time to time.

  • Price Bid means the Price Bid submitted by the Bidder, in accordance with Clause 8.15.2;

  • Qualified Bidder(s means a Bidder who fulfills the eligibility criteria listed out in the E-Auction Process Information Document.

  • Tenderer/Bidder means the firm or Company (hereinafter called Tenderer/ Bidder) who duly submits the tender after accepting all the terms & conditions of the tender document.

  • Selected Bidder means the bidder who has been selected by DMRC, pursuant to the bidding process for award of license.