Senior Bidder definition

Senior Bidder means, with respect to a Lot, an Auction Participant whose BP for the Lot is more competitive than the Senior Threshold Price.

Examples of Senior Bidder in a sentence

  • For the avoidance of doubt, the Lot Customer Deposit of a Direct Participating Customer that is a Senior Bidder for that Lot will not be applied pursuant to the Default Auction Priority.

  • Notwithstanding anything to the contrary herein, a Non-Bidding Participant with respect to any Lot, or a Non-Bidding Direct Customer with respect to any Lot will be treated as such for purposes hereof with respect to all Lots in the relevant Auction, regardless of whether it would otherwise have been a Senior Bidder, Excused Bidder or Subordinate Bidder for any other Lot.

Related to Senior Bidder

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

  • Preferred Bidder means a bidder that is entitled to receive a reciprocal preference under the requirements of this chapter.

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

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

  • Tenderer/Bidder means the firm or Company (hereinafter called Tenderer/ Bidder) who duly submits the tender after accepting all the terms & conditions of the tender document.

  • Bidder/Bidding Company means Bidding Company submitting the Bid. Any reference to the Bidder includes Bidding Company / including its successors, executors and permitted assigns as the context may require;

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

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

  • Interested Bidder means any person or persons who have submitted the Request Letter for Participation along with signed Bid Form, notarized affidavit, signed Declaration, requisite Earnest Money and other necessary documents to complete the eligibility check formalities to the satisfaction of the Liquidator.

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

  • Successful Bidder(s) means the bidder(s) to whom work in this tender is awarded.

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

  • Eligible bidder means a person who is:

  • Tender or Bid means the offer (Technical and/or Financial) made by individual, firm, Company, corporation, or Consortium for the execution of the works.

  • Take-over Bid means an Offer to Acquire Voting Shares or Convertible Securities, if, assuming that the Voting Shares or Convertible Securities subject to the Offer to Acquire are acquired and are Beneficially Owned at the date of such Offer to Acquire by the Person making such Offer to Acquire, the Voting Shares Beneficially Owned by the Person making the Offer to Acquire would constitute in the aggregate 20% or more of the outstanding Voting Shares at the date of the Offer to Acquire;

  • Buy Bid means a bid to buy Capacity Resources in any Incremental Auction.

  • Takeover Bid or ‘Bid’ means a public offer, other than by the Offeree Company itself, made to the holders of the Securities of a Company to acquire all or some of those Securities, whether mandatory or voluntary, which follows or has, as its objective, the acquisition or Control of the Offeree Company.

  • Alternative Transaction has the meaning set forth in Section 6.2(a).