Tender Invitation Notice definition

Tender Invitation Notice means the notice (bearing the same Reference Number as these Terms) which is issued by National Grid inviting Users to submit Surrender Offers; and
Sample 1Sample 2Sample 3
Tender Invitation Notice means a notice issued by National Grid NTS inviting Users to submit a tender offer for a Forward Agreement or an Option Agreement (as the case may be).
Sample 1Sample 2Sample 3
Tender Invitation Notice means a notice issued by National Grid NTS inviting Users to submit a tender offer for a Forward Agreement or an Option Agreement (asthe case may be). Amend paragraph 2.11.3 to read as follows: 2.11.3 The Applicable Daily Rate shall be:(a) in respect of Quarterly NTS Entry Capacity applied for pursuant to an annual invitation under paragraph 2.2, the applicable reserve or cleared price (for the calendar quarter) as determined following the relevant annual invitation date in accordance with paragraph 2.6;(b) in respect of Monthly NTS Entry Capacity applied for pursuant to an invitation under paragraphs 2.2 and 2.3, the bid price tendered by the User in respect of the Monthly NTS Entry Capacity allocated for the relevant calendar month pursuant to paragraph 2.7.2;(c) in respect of Daily NTS Entry Capacity, the bid price tendered by the User in respect of the Daily NTS Entry Capacity allocated for the Day pursuant to paragraph 2.7.2; and(d) in respect of Daily Interruptible NTS Entry Capacity, the bid price tendered by the User in respect of the Daily Interruptible NTS Entry Capacity allocated for the Day pursuant to paragraph 2.27.; and(e) in respect of Monthly NTS Entry Capacity applied for pursuant to paragraph 2.1.15, the prevailing reserve price last published pursuant to paragraph 2.2.1(a) for the relevant Aggregate System Entry Point and calendar month. Amend paragraph 2.12.3 to read as follows: 2.12.3 The System Entry Overrun Charge shall be calculated as the amount of the overrun quantity multiplied by whichever is the greatest of:(a) (8 * A), where 'A' is the highest bid price in relation to a capacity bid in respect of which NTS Entry Capacity was allocated following an invitation under paragraphs 2.2, 2.3 and 2.4; and(b) (1.1 * B), where 'B' is the relevant average accepted offer price;(c) (1.1 * C), where 'C' is the relevant average accepted forward price;(d) (1.1 * D), where 'D' is the relevant average accepted exercise price; and(e) (1.1 * E), where ‘E’ is the highest unit price accepted by National Grid NTSwhere (a), (b), (c), (d) and (e) are calculated by reference to information available to National Grid NTS at 02:00 hours on the relevant Day. For the purposes of this paragraph 2.1312.3 an application for Long Term Non Firm NTS Entry Capacity made pursuant to paragraph 2.1.15 will be treated as a capacity bid and the price paid for the Long Term Non Firm NTS Entry Capacity will be treated as a bid price and the option exercise price in resp...
Sample 1

Examples of Tender Invitation Notice in a sentence

  • The Tender Invitation Notice shall be sent by National Grid by facsimile to the facsimile number that is notified to National Grid by each User for the purpose of sending notices under the Network Code in relation to Firm NTS Entry Capacity.

  • Tenderers shall provide as part of their Proposal a valid bid/tender Security in the form and amount specified in the Tender Invitation Notice.

  • This stage of evaluation shall involve determination of compliance with minimum conditions set out in the Tender Document and Tender Invitation Notice for the main Contractor and All sub-contractors.

  • CONDITIONS OF CONTRACT CLAUSE 32Period of final measurement: 3 months after practical completion INSTRUCTION TO TENDERERS CLAUSE 20The tender opening date and time is as stated in the Tender Invitation Notice.

  • INSTRUCTION TO TENDERERS CLAUSE 20The name and Address of the Employer’s representative for the purposes of submission of Tenders is as stated in the Tender Invitation Notice.

  • Each of National Grid and the Tendering User agree that the provisions of this Clause 6 are fair and reasonable having regard to the circumstances at the date of the Tender Invitation Notice and the Tender Offer Notice.

  • Defined terms used in this Gas Disposal Tender Invitation Notice shall, unless the context otherwise requires or otherwise defined herein, have the meanings given to them in the Gas Disposal Tender Terms.

  • Each of National Grid Gas and the Tendering User agree that the provisions of this Clause 6 are fair and reasonable having regard to the circumstances at the date of the relevant Gas Disposal Tender Invitation Notice.

  • Users are invited to submit Bids in accordance with, and subject to, this Gas Disposal Tender Invitation Notice, the Gas Disposal Tender Rules and the Gas Disposal Tender Terms.

  • This Gas Disposal Tender Invitation Notice (“ Gas Disposal Tender Invitation Notice”) is issued in accordance with, and is subject to, the Uniform Network Code (UNC), the Gas Disposal Tender Rules with reference number GDTR 1.0 (the “Gas Disposal Tender Rules”) and the Gas Disposal Tender Terms with the reference number GDTT 1.0 (the “Gas Disposal Tender Terms”).


More Definitions of Tender Invitation Notice

Tender Invitation Notice means the notice (bearing the same Reference Number as these Terms) issued by National Grid inviting Users to submit Tender Offers;
Sample 1Sample 2Sample 3
Tender Invitation Notice means a notice issued by National Grid NTS inviting Users to submit a tender offer for a Forward Agreement or an Option Agreement (as the case may be).2.8.9 (a) Where, in respect of a Relevant Forward Combination and pursuant to a Tender Invitation Notice, National Grid NTS enters into Forward Agreement(s) with Users after the date of implementation of the modification proposal giving effect to this paragraph (a), it shall publish on the Business Day following that on which it enters into such Forward Agreement(s) and in respect of each Gas Flow Day in the relevant forward delivery period:
Sample 1

Related to Tender Invitation Notice

  • Nomination Notice means all information and documents that a Nominating Stockholder is required to submit to the Secretary of the Corporation pursuant to Section 1.13(f).

  • Put Option Notice means a notice which must be delivered to a Paying Agent by any Noteholder wanting to exercise a right to redeem a Note at the option of the Noteholder;

  • Acceptance Notice has the meaning set forth in Section 9.2(d)(iii).

  • Participation Notice has the meaning set forth in Section 4.2;

  • Option Notice has the meaning set forth in Section 5.2(a).

  • Selection Notice means a notice substantially in the form set out in Part II of Schedule 3 (Requests) given in accordance with Clause 9 (Interest Periods).

  • Response Notice is defined in Section 14.3(b)(ii).