Bid Premium definition

Bid Premium means (i) for Tankers, the premium associated with the Bid Price for an Uncommitted Shipper Nomination to the Westridge Marine Terminal calculated by multiplying the Bid Price by the Vessel volume Nominated and (ii) for Barges, the premium associated with the Bid Price for an Uncommitted Shipper Nomination to the Westridge Marine Terminal calculated by multiplying the Bid Price by the volume Nominated, up to the Available Capacity determined pursuant to Rule 14.3(c)(ii) and loaded onto no more than two (2) Barges.
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Bid Premium means the premium associated with the Bid Price for an Uncommitted Shipper Nomination to the Westridge Marine Terminal calculated by multiplying the Bid Price by the Vessel volume Nominated.
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Bid Premium means the premium offered by an Uncommitted Shipper for a Nomination, expressed in Canadian cents per Cubic Meter.
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Examples of Bid Premium in a sentence

  • The Bid Premium is currently defined as Four percent (4%) of the Purchase Price and shall not apply towards the Purchase Price.

  • Prior to closing, Buyer shall cause the $ .00 Bid Premium to be deposited in escrow.


More Definitions of Bid Premium

Bid Premium means percentage rate above/below quoted by the contractor over departmental rates or if worked out in item rates, the percentage of bid amount over sanctioned estimated amount for deciding competence to sanction bid.
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Bid Premium means the premium associated with the Bid Price for Advanced Dock Nominations calculated by multiplying the Bid Price by the Vessel volume Nominated.
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Related to Bid Premium

  • Single Premium means the Premium amount specified in the Schedule payable in Lump Sum at the inception of the Policy. No further Premiums are payable under this Policy.

  • Annualised Premium means the premium amount payable in a year chosen by the policyholder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any as specified in the Schedule.

  • Insurance Premium means the amount that each Debtor shall pay on a monthly basis to Agos pursuant to the relevant Consumer Loan Agreement, in relation to the insurance premium paid by Agos to the relevant Insurance Company under any Financed Insurance Policy.

  • Make-Whole Premium means, with respect to a Note at any redemption date, the greater of:

  • Premium means any premium payable under the terms of the Notes.

  • Prepayment Premium means, with respect to the Mortgage Loan, any prepayment premium, spread maintenance premium, yield maintenance premium or similar fee required to be paid in connection with a prepayment of the Mortgage Loan pursuant to the Mortgage Loan Documents, including any exit fee.

  • Net Earned Premium as used herein is defined as gross earned premium of the Company for the classes of business reinsured hereunder, less the earned portion of premiums ceded by the Company for reinsurance which inures to the benefit of this Contract and less dividends paid or accrued.

  • Applicable Premium means, with respect to any Note on any redemption date, the greater of:

  • Redemption Premium means (i) in the case of the Events of Default described in Section 4(a)(i) - (vi) and (ix) - (xii), 125% or (ii) in the case of the Events of Default described in Section 4(a)(vii) - (viii), 100%.

  • Day Rate means the rate per day per grade tendered by the Supplier in the Supplier’s proposal that shall never be exceeded within this Contract;