Second Highest Bidder definition

Second Highest Bidder means the Eligible Bidder who submits the second highest Bid Price for the Subsidiary.
Second Highest Bidder means the Eligible Bidder who is ranked as the second bidder in the tendering process by the bid price to purchase the subsidiary or the tendered items.
Second Highest Bidder means the bidder placing the next highest bid at the Foreclosure Sale after the Highest Bid, or if HUD rejects the Highest Bidder or the High Bidder, the Second Highest Bidder or succeeding highest bidders as bidders withdraw or do not qualify, to purchase the Project. If contacted by HUD, the Second Highest Bidder or succeeding bidder(s) will be offered the opportunity to purchase the Project and will be given twenty- four (24) hours to submit the earnest money deposit and executed Acknowledgement, and thereafter be deemed to be the Highest Bidder.

Examples of Second Highest Bidder in a sentence

  • If, for whatever reason, the sale does not proceed with the Second Highest Bidder then, subject to these Rules of Tender, the Third Highest Bidder shall have the option, but not the obligation, to complete the purchase of the Subsidiary and the Tendered at the Highest Bid Price.

  • Without limiting the generality of section 15.1 and without prejudice to any of other causes of postponement or cancellation of the Tender set out in these Rules of Tender in the event that a sale to the Highest Bidder, the Second Highest Bidder or the Third Highest Bidder of the Subsidiary is not achievable, in accordance with the requirements of this section 11, then the Agency shall be entitled to postpone or cancel the Tender as it sees fit.

  • In the event that the Background Checks provide the Agency with an adverse finding in respect of the Second Highest Bidder, then the Agency shall notify the Second Highest Bidder and act in accordance with section 7.3 and the Agency shall proceed to contact the Third Highest Bidder in accordance with section 11.6.

  • The Second Highest Bidder shall notify the Agency, in writing, within 3 Business Days of the Agency communicating its enquiry to Second Highest Bidder, whether the Second Highest Bidder wishes to complete the purchase of the Subsidiary at the Highest Bid Price.

  • MEGANDoesn’t sound like you were troubled by indications it had once been looted by the Nazis.

  • Subject to section 11.6 and any other requirements set out in these Rules of Tender, the sale of the Subsidiary will be progressed with the Third Highest Bidder in a manner similar to that set out in section 11.5. In such cases the term Second Highest Bidder will be replaced in section 11.5 by the term Third Highest Bidder.

  • Where the Second Highest Bidder does not wish to complete the purchase of the Subsidiary at the Highest Bid Price the Agency shall proceed to contact the Third Highest Bidder in accordance with section 11.6.

  • If, for whatever reason, the sale does not proceed with the Highest Bidder then, subject to these Rules of Tender, the Second Highest Bidder shall have the option, but not the obligation, to complete the purchase of the Subsidiary and the Tendered at the Highest Bid Price.

  • In the event that the sale of the Subsidiary is not to be completed with the Highest Winning Bidder, then the PAK will contact the Second Highest Bidder, in writing, to enquire if the Second Highest Bidder wishes to complete the purchase of the Subsidiary at the Highest Bid Price.

  • If the PAK receives no such notification, in writing, from the Second Highest Bidder then the PAK shall be entitled to treat the failure of the Second Highest Bidder to reply as a rejection of the Agency’s invitation to complete the purchase of the Subsidiary at the Highest Bid Price.


More Definitions of Second Highest Bidder

Second Highest Bidder means the Qualifying Bidder who submits the second highest Total Bid Score during the Second Bid Submission Period.
Second Highest Bidder has the meaning set forth in the Bidding Procedures.
Second Highest Bidder has the meaning set forth in the Bidding Procedures. “Secured Notes” has the meaning set forth in Section 3.1.

Related to Second Highest Bidder

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

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

  • Bidder means the legal entity which submits a Bid for consideration by City in accordance with the Invitation For Bid.

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

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

  • Eligible bidder means a person who is:

  • Selected Bidder or Successful Bidder means the Bidder selected pursuant to this RfS to set up the Project and supply electrical output as per the terms of standard PPA.

  • Decrement Bid means a type of Virtual Transaction that is a bid to purchase energy at a specified location in the Day-ahead Energy Market. A cleared Decrement Bid results in scheduled load at the specified location in the Day-ahead Energy Market.

  • The Bidder means the individual or firm who participates in this tender and submits its bid.

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