Surrender Offer definition

Surrender Offer means an offer submitted by or on behalf of a Surrender User served during the Offer Window Period in accordance with Clause 7 pursuant to a Tender Invitation Notice and in accordance with the Transfer and Trading Surrender Tender Rules by which such a Surrender User offers to grant a Forward Contract to National Grid for a specified Surrender Amount of Firm NTS Entry Capacity over a specified Forward Delivery Period for a specified Forward Value and at a specified Aggregate System Entry Point in each case as permitted or determined by the applicable Tender Invitation Notice;
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Surrender Offer means an offer to surrender System Capacity
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Surrender Offer means an offer submitted by or on behalf of a Surrender User served during the Offer Window Period in accordance with Clause 7 pursuant to a Tender Invitation Notice and in accordance
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Examples of Surrender Offer in a sentence

  • If the Landlord accepts the Surrender Offer, then this Lease shall terminate with respect to the Subject Area on the date proposed in the Surrender Offer (or if none is proposed, upon a date selected by the Landlord), unless the Tenant notifies the Landlord in writing within three (3) Business Days after receiving notice from the Landlord of such termination, that the Tenant has decided not to proceed with the Transfer.

  • In the event Hillsboro Energy makes a Surrender Offer pursuant to the provisions of Section 19 of the Lease, and WPP accepts such Surrender Offer, Guarantor shall and shall cause Hillsboro Energy and/or its affiliate entities to deliver the Deer Run Mining Assets.

  • Notice of the Tenant's intent to assign or sublet, of the Brokerage Offer and the Surrender Offer shall be given to the Landlord not less than ninety (90) days prior to the date on which the Tenant proposes that the surrender be effective.

  • The Company agrees to file such election in a timely manner with the Minister of National Revenue (Canada) and the Company agrees to provide evidence in writing of such election to each Company Optionholder making a Surrender Offer.

  • The Landlord shall have a period of fifteen (15) Business Days after such notice is given to accept or to decline the Brokerage Offer and the Surrender Offer.


More Definitions of Surrender Offer

Surrender Offer has the meaning specified in Section 2.9.
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