Submitted Bids definition

Submitted Bids or "Submitted Sell Orders," as the case may be, or as "Submitted Orders") and shall determine:

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Submitted Bids shall have the respective meanings specified in paragraph 3(a) of Part II of this Section 12.

Submitted Bids or "Submitted Sell Orders," as the case may be, or as "Submitted Orders") and shall determine for the applicable Series of 2000 Notes:

Examples of Submitted Bids in a sentence

• If all of the Outstanding shares of a series of APS are subject to Submitted Hold Orders, all Submitted Bids for shares of such series shall be rejected.

• Upon the occurrence of a Payment Default that has not been waived or cured on or prior to any Auction Date, no Auction will be held, all Submitted Bids and Submitted Sell Orders shall be rejected, the existence of Sufficient Clearing Bids shall be of no effect and the Auction Rate for the next succeeding Auction Period shall equal the Overdue Rate on and as of such Auction Date.

• If all of the Outstanding shares of a series of AMPS are subject to Submitted Hold Orders, all Submitted Bids for shares of such series shall be rejected.

• Submitted Bids and Submitted Sell Orders will be accepted and rejected in whole or in part and AMPS will be allocated as provided in Section 4 of Part II of the Statement of Preferences.

• Upon the occurrence of a Failure to Deposit on any Auction Date, no Auction will be held, all Submitted Bids and Submitted Sell Orders shall be rejected, the existence of Sufficient Clearing Bids shall be of no effect and the Auction Rate for the next succeeding Auction Period shall equal the Maximum Auction Rate on and as of such Auction Date.

More Definitions of Submitted Bids

Submitted Bids shall have the respective meanings specified in paragraph (a) of Section 3 of Part II of Article X of these Bylaws.

Submitted Bids or "Submitted Sell Orders," as the case may be, or as "Submitted Orders") and shall determine for the applicable Class of Auction Rate Notes:

Submitted Bids shall have the respective meanings specified in paragraph 8(d)(i) below.

Submitted Bids or "Submitted Sell Orders," as the case may be, or as "Submitted Orders") and shall determine for the applicable Class of Pool II Auction Rate Certificates:

Submitted Bids or "Submitted Sell Orders," as the case may be, or as "Submitted Orders") and shall determine for the applicable Class of Series 1997-1 Notes:

Submitted Bids. OR "SUBMITTED SELL ORDERS," AS THE CASE MAY BE, OR AS "SUBMITTED ORDERS") AND SHALL DETERMINE FOR THE APPLICABLE CLASS OF AUCTION RATE NOTES:

Submitted Bids or "Submitted Sell Orders," as the case may be, or as "Submitted Orders") and shall determine: the excess of the total principal amount of Outstanding Class II A-2 Certificates over the sum of the aggregate principal amount of Outstanding Class II A-2 Certificates subject to Submitted Hold Orders (such excess being herein referred to as the "Available Class II A-2 Certificates" of such Class), and from the Submitted Orders whether: the aggregate principal amount of Outstanding Class II A-2 Certificates subject to Submitted Bids by Potential Certificateholders specifying one or more rates equal to or lower than the Maximum Auction Rate; exceeds or is equal to the sum of: the aggregate principal amount of Outstanding Class II A-2 Certificates subject to Submitted Bids by Existing Certificateholders specifying one or more rates higher than the Maximum Auction Rate; and the aggregate principal amount of Outstanding Class II A-2 Certificates subject to submitted Sell Orders; (in the event such excess or such equality exists, other than because all of the Outstanding Class II A-2 Certificates are subject to Submitted Hold Orders, such Submitted Bids described in subclause (1) above shall be referred to collectively as "Sufficient Bids"); and if Sufficient Bids exist, the "Bid Auction Rate", which shall be the lowest rate specified in such Submitted Bids such that if: