Selected Bidder definition

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

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

Selected Bidder means the bidder who has been selected by NMRC, pursuant to the bidding process for award of Contract

Examples of Selected Bidder in a sentence

• Acquire, for the Acquisition Price, one hundred percent (100%) equity shareholding of {SPV UNDER INCORPORATION} from PFC Consulting Limited, who shall sell to the Selected Bidder, the equity shareholding of {SPV UNDER INCORPORATION}, along with all its related assets and liabilities.

• The Selected Bidder, on behalf of the TSP, will provide to the Central Transmission Utility of India Limited (being the Nodal Agency) the Contract Performance Guarantee for an amount of Rs.108.50 Crore (Rupees One Hundred Eight Crore Fifty Lakh Only).

• The Selected Bidder has acquired for the Acquisition Price, one hundred percent (100%) of the equity shareholding of PFC Consulting Limited in {SPV UNDER INCORPORATION} along with all its related assets and liabilities as per the provisions of the Share Purchase Agreement.

• Execute this Agreement; The TSP shall, within five (5) working days from the date of acquisition of SPV by the Selected Bidder, undertake to apply to the Commission for the grant of Transmission License and for the adoption of tariff as required under section-63 of the Electricity Act.

• Provided further, that in case the Selected Bidder is a Bidding Consortium, the Lead Member shall continue to hold equity of at least twenty six percent (26%) upto a period of one (1) year after COD of the Project and any Member of such Bidding Consortium shall be allowed to divest its equity as long as the other remaining Members (which shall always include the Lead Member) hold the minimum equity specified above.

More Definitions of Selected Bidder

Selected Bidder means the Bidder selected pursuant to the RFP and who has to acquire one hundred percent (100%) equity shares of SPV [which is under incorporation], along with all its related assets and liabilities, which will be responsible as the TSP to establish the Project on build, own, operate and transfer basis as per the terms of the TSA and other RFP Project Documents;

Selected Bidder means the Bidder whose Bid is determined by the Authority as responsive in terms hereof and selected by the Bid Evaluation Committee (subject to and in accordance with terms of the RFP) for issuance of Letter of Award for the Project in terms hereof and particularly the Concession Agreement;

Selected Bidder means the Bidder who has emerged as preferred bidder in terms of this RFP and has been issued the Letter of Acceptance (LoA) by SSCDL and awarded the work under this RFP.

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

Selected Bidder means the bidder selected, pursuant to the bid evaluation process set forth in this RFP document, for implementation of the Project and to whom LOI has been issued by Authority.

Selected Bidder means the Bidder to whom the Authority issues the Letter of Award for undertaking the Project.

Selected Bidder means the Bidder selected by Authority, pursuant to the Bid Process and to whom the Letter of Intent to Award the Concession is to be issued.