Qualified Bids definition
Examples of Qualified Bids in a sentence
Following the presentations by Qualified Bidders, the Selection Committee shall review and evaluate the Qualified Bids to select the Shortlisted Bids in accordance with the process in this Section 5.1(b).
Only Qualified Bids will qualify for consideration at the Auction.
At Landlord’s option, the Qualified Bids may be based upon the assumption that the Tenant Improvement Work will be performed pursuant to Landlord’s standard form of “guaranteed maximum price” contract.
Only Qualified Bids will qualify for consideration at the Auction (as defined below).
If the Seller does not receive any Qualified Bids (other than the Qualified Bid of the Purchaser), the Seller will report the same to the Bankruptcy Court at the Sale Hearing and will proceed with a sale of the Acquired Assets to the Purchaser.