Examples of Qualifying Bids in a sentence
The folder marked “Financial_Bid”, will be opened only for those bidders who have been found eligible after evaluation of Qualifying Bids.
The TOC shall ascertain that the documents submitted in the physical envelope meet the requirements of eligibility for opening the qualifying bid of a bidder for this tender then only the TOC shall open and download the Qualifying Bids online after the due date and time by logging into the e-tender portal.
All principal amount of Term Loans included in Qualifying Bids received at a Reply Price lower than the Applicable Threshold Price will be purchased at a purchase price equal to the applicable Reply Price and shall not be subject to proration.
An Auction shall be regarded as a “failed auction” in the event that either (x) the Borrower withdraws such Auction in accordance with the terms hereof or (y) the Expiration Time occurs with no Qualifying Bids (as defined below) having been received.
The Price Bids of only those Bidders will be opened whose Qualifying Bids would clear the technical evaluation.