Qualified Bid definition
Qualified Bid has the meaning set forth in the Bidding Procedures.
Qualified Bid means a Bid that is deemed by the Selection Committee to include sufficient information regarding the Bidder’s ability to provide the necessary capabilities to create, implement, and maintain the CAT so that such Bid can be effectively evaluated by the Selection Committee. When evaluating whether a Bid is a Qualified Bid, each member of the Selection Committee shall consider whether the Bid adequately addresses the evaluation factors set forth in the RFP, and apply such weighting and priority to the factors as such member of the Selection Committee deems appropriate in his or her professional judgment. The determination of whether a Bid is a Qualified Bid shall be determined pursuant to the process set forth in Section 5.2.
Qualified Bid means competing bids qualified for the Auction in accordance with the Bid Procedures Order.
Examples of Qualified Bid in a sentence
A Bid that is deemed unqualified by at least a two-thirds (2/3rds) vote of the Selection Committee shall not be deemed a Qualified Bid and shall be eliminated individually from further consideration.
A Qualified Bid will be valued based upon factors such as the net value provided by such bid and the likelihood and timing of consummating such transaction.
This Agreement executed by Buyer shall constitute a Qualified Bid for all purposes.
The Sellers' presentation to the Bankruptcy Court for approval of a particular Qualified Bid does not constitute the Sellers' acceptance of the bid.
If the Buyer's bid is the only Qualified Bid and no auction is held, the Buyer's bid shall be the Successful Bid.
More Definitions of Qualified Bid
Qualified Bid shall have the meaning ascribed to such term in the Bidding Procedures Order.
Qualified Bid shall have the meaning set forth in Section 5.8(b).
Qualified Bid means a Binding Bid that satisfies the requirements set out in Section 11. For greater certainty, a Portion Bid may be a Qualified Bid if it forms part of an Aggregate Bid;
Qualified Bid means a limited or conditional offer that modifies or does not meet some important terms condition or Specification of the Bid invitation, which limitation or condition may constitute grounds to disqualify the Bid.
Qualified Bid has the meaning set forth in Section 5.2(e ).
Qualified Bid means a bid received from a vendor that is determined by the Purchasing Agent to be sufficiently provided to the price and scope of work requested.
Qualified Bid means any bona fide written proposal submitted by a third party (that is not an Affiliate of Seller and that has available financing necessary to close a transaction in respect of such proposal) to Seller or its Representatives (acting on behalf of Seller) in accordance with and not in violation of Section 6.16 of this Agreement, (a) with respect to (i) any merger, acquisition, consolidation, recapitalization, liquidation, dissolution, equity investment or similar transaction involving the Business that, regardless of the form of transaction, if consummated, will result in such third party, directly or through its Subsidiaries, acquiring or owning more than ninety percent (90%) of each of (A) the revenues of the Business and (B) the Transferred Equity Interests, Transferred Assets and Assumed Liabilities and/or (ii) any purchase of stock and/or assets by such third party involving the Business, that, regardless of the form of transaction, if consummated, will result in such third party, directly or through its Subsidiaries, acquiring or owning more than ninety percent (90%) of each of (A) the revenues of the Business and (B) the Transferred Equity Interests, Transferred Assets and Assumed Liabilities and (b) the definitive documentation for which shall not be subject to any diligence or financing condition or other condition in favor of the purchaser thereunder that is not a condition in favor of Purchaser in this Agreement.