Third Party Bid definition
Examples of Third Party Bid in a sentence
Any such Third Party Bid shall only be considered if it is received by Producer on or before the 30th Day after Midstream’s receipt of the Bid Request, and only if such Third Party Bid (i) includes itemized fees for each of the New Services that are the subject of the Bid Request, as well as details of all other proposed charges and costs applicable to such Third Party Bid, and (ii) does not propose any changes to the Processing Agreement or proposed form of Services Agreement (as applicable).
For purposes of the foregoing, each New Service covered by each Bid and also covered by a Third Party Bid shall be evaluated separately, and awarded separately, based on the Fee for such Service stated in such Bid and such Third Party Bid.
In the event that one or more Third Party Bids is superior to the Airco Bid, Groundco shall be free to contract with any Third Party Carrier that submitted a superior Third Party Bid to provide the New Service; provided that Groundco shall provide Airco with sufficient information regarding the terms and conditions of the accepted Third Party Bid for Airco to verify that such Third Party Bid is superior to the Airco Bid.
Notwithstanding the foregoing, if the Company receives an unsolicited Third Party Bid and chooses not to engage with that party at the time, subsequent contact with such party for a period of three months following the date of receipt of the initial proposal shall not necessarily give rise to any obligation to notify Parent stockholder unless such obligation would otherwise arise pursuant to this Agreement or otherwise.
Upon the expiration of such 10 Business Day period (and any extension period agreed by the Parties), whether or not Airco has submitted an Airco Bid, Groundco shall be free to solicit bids (each, including any bid submitted by [Delta] Airways, a "Third Party Bid") from, provide information to, and negotiate with any third party air transportation service provider (each a "Third Party Carrier") in respect of such New Service.