Offer Deposit definition

Offer Deposit means the sum of Five Hundred Thousand and No/100 Dollars ($500,000.00) in cash.
Offer Deposit. As defined in Section 10.3(b).
Offer Deposit is an amount posted by Seller in accordance with Section 11.1.

Examples of Offer Deposit in a sentence

  • The Shortlist Offer Deposit is intended to secure the obligation of each Participant with respect to this Solicitation Protocol and to negotiate a definitive Agreement, as expressly provided in Section XII, Execution of Agreement, below.

  • NOTE: If the Participant fails to submit the Shortlist Offer Deposit within the required time period, the Participant's Offer may be rejected and removed from the Shortlist.

  • PG&E may retain any cash deposit or draw on any Letter of Credit provided as a Shortlist Offer Deposit as security under an executed Agreement in the event that Participant fails to provide additional security and/or agrees to PG&E’s retention of the Shortlist Offer Deposit as collateral in accordance with the terms of the executed Agreement, if applicable.

  • The form of the Shortlist Offer Deposit may be either: (a) a cash deposit, or (b) a Letter of Credit.

  • Failure to complete prequalification may result in Participant being subject to removal from the shortlist and forfeiture of Shortlist Offer Deposit.

  • Seller has agreed that concurrently with the execution of this Agreement, Seller shall provide Buyer with Collateral equal to $15,000 per MW of the Maximum Contract Capacity (“Application Security”) and within 10 Business Days of receipt thereof, Buyer shall return the Initial Offer Deposit.

  • In the event that Participant forfeits the Shortlist Offer Deposit, PG&E will be entitled to draw upon the Shortlist Offer Deposit in its entirety as payment for direct and indirect damages incurred in connection with the Participant’s misrepresentation or breach of this Solicitation Protocol.

  • If the Participant fails to submit the Shortlist Offer Deposit within the required time period, the Participant's Offer may be rejected and removed from the Shortlist.

  • Participants who request changes to the information in their Offer Form after the offer submittal date may be removed from any further participation in the Solicitation and if shortlisted, may forfeit their Shortlist Offer Deposit.

  • Offer Fees are also intended to reflect the Bidder’s commitment to prepare thorough, competitive Offers.2. Form of Offer FeeThe form of the Offer Deposit will be made by cash or check.

Related to Offer Deposit

  • Transfer Deposit Amount has the meaning given to it in Section 2.02(b).

  • Tender Offer Date means, in respect of a Tender Offer, the date on which voting Shares in the amount of the applicable percentage threshold are actually purchased or otherwise obtained (as determined by the Calculation Agent).

  • Offer Date means the date on which an Exclusionary Offer is made;

  • Qualifying Deposit means the aggregate balance of all Deposit Accounts in the Bank of (i) an Eligible Account Holder at the close of business on the Eligibility Record Date, provided such aggregate balance is not less than $50, and (ii) a Supplemental Eligible Account Holder at the close of business on the Supplemental Eligibility Record Date, provided such aggregate balance is not less than $50.

  • Cash Deposit means a cash security deposit in U.S. dollars held by AT&T-21STATE.

  • Offer Deadline means the exact date and time when no Offer submitted thereafter may be considered or accepted by District.

  • Savings deposit means a form of demand deposit which is subject to restrictions as to the number of withdrawals as also the amounts of withdrawals permitted by the bank during any specified period.

  • Allowance transfer deadline means midnight of January 30 or, if January 30 is not a business day, midnight of the first business day thereafter and is the deadline by which allowances may be submitted for recordation in an affected unit’s compliance subaccount for the purposes of meeting the unit’s acid rain emissions limitation requirements for sulfur dioxide for the previous calendar year.

  • Adjustment Escrow Account has the meaning set forth in Section 2.4(a)(i).

  • Term deposit means a deposit received by the bank for a fixed period withdrawable only after the expiry of the fixed period and includes deposits such as Recurring / Double Benefit Deposits / Short Deposits / Fixed Deposits /Monthly Income Certificate / Quarterly Income Certificate etc.

  • Required Daily Deposit Target Finance Charge Amount means, for any day in a Due Period, an amount equal to the Class A Tranche Interest Allocation for the related Distribution Date; provided, however, that for purposes of determining the Required Daily Deposit Target Finance Charge Amount on any day on which the Class A Tranche Interest Allocation cannot be determined because the LIBOR Determination Date for the applicable Interest Accrual Period has not yet occurred, the Required Daily Deposit Target Finance Charge Amount shall be the Class A Tranche Interest Allocation determined based on a pro forma calculation made on the assumption that LIBOR will be LIBOR for the applicable period determined on the first day of such calendar month, multiplied by 1.25.

  • Required Daily Deposit Target Principal Amount means, for any day in a Due Period, (i) if such Due Period is in [the Accumulation Period for the Class A( - ) Notes, the Accumulation Amount], (ii) if such day is on or after the occurrence and during the continuance of a Class A( - ) Adverse Event, the Nominal Liquidation Amount of the Class A( - ) Notes, and (iii) in all other circumstances, zero.

  • Election Deadline shall have the meaning set forth in Section 3.2.3.

  • Release Amount has the meaning set forth in Section 4.3(f).

  • Indemnity Escrow Account has the meaning set forth in Section 2.3(c).

  • Bidder/Tenderer means the interested Firm/ Company that may provide or provides related goods / services to any of the public/ private sector organization under the contract and have registered for the relevant business thereof.

  • Adjustment Escrow Amount means $1,000,000.

  • Offered Amount has the meaning set forth in Section 2.05(a)(v)(D)(1).

  • Reassignment Amount means, with respect to any Distribution Date, after giving effect to any deposits and distributions otherwise to be made on such Distribution Date, the sum of (i) the Adjusted Invested Amount on such Distribution Date, plus (ii) Monthly Interest for such Distribution Date and any Monthly Interest previously due but not distributed to the Series 1997-1 Certificateholders on a prior Distribution Date, plus (iii) the amount of Additional Interest, if any, for such Distribution Date and any Additional Interest previously due but not distributed to the Series 1997-1 Certificateholders on a prior Distribution Date.

  • open tendering means a procurement method whereby all interested suppliers may submit a tender;

  • Open Tenders means the tenders invited in open and public manner and with adequate notice.

  • Indemnity Escrow Amount means $5,000,000.

  • Bid Deposit means a financial guarantee to ensure the successful bidder will enter into an agreement.

  • Purchase Price Adjustment Escrow Amount means $500,000.

  • Unallocated Principal Collections shall have the meaning specified in subsection 4.05(d).

  • Escrow Deposit has the meaning set forth in Section 3.3.