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
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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).
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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).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 2.13.3 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 respec...
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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.

  • 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”).

  • 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.

  • The North Carolina Department of Health and Human Services shall initially permit persons to register who own or operate any establishment engaged in the manufacture, distribution, or dispensing of any substances prior to January 1, 1972, and who are registered or licensed by the State.* * * * * § 90-103.

  • 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.


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;
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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:
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Related to Tender Invitation Notice

  • Auction Notice has the meaning assigned to such term in the definition of “Dutch Auction”.

  • 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).

  • Acquisition Notice has the meaning ascribed to such term in Section 2.1(a).

  • Election Notice has the meaning set forth in Section 11.01(b).

  • Tender Notice means the Tender Notice set out in Part 1 of this TenderDocument;

  • 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;

  • Rejection Notice has the meaning specified in Section 2.05(b)(v).

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

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

  • Offering Notice has the meaning set forth in Section 3.1(a).

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

  • Buy-Sell Notice shall have the meaning set forth in Section 12.1(a).

  • Subscription Notice has the meaning set forth in Section 1.1.

  • Transaction Notice means a written request of Seller to enter into a Transaction in a form attached as Exhibit C hereto or such other form as shall be mutually agreed upon between Seller and Purchaser, which is delivered to the Purchaser in accordance with Section 3(c) herein.

  • Call Option Notice means a written notice from the holder of the Call Option or the Administrator, as applicable, stating its desire to exercise the Call Option on the related Reset Date, delivered to each Clearing Agency, the Indenture Trustee, the Remarketing Agents, the Rating Agencies and, if the related class of Reset Rate Notes is then listed on the Luxembourg Stock Exchange, the Administrator will forward a copy to the Luxembourg Listing Agent (the contents of which are to be published in a leading newspaper having general circulation in Luxembourg).

  • Margin Notice Deadline the time agreed to by the parties in the relevant Confirmation, Annex I hereto or otherwise as the deadline for giving notice requiring same-day satisfaction of margin maintenance obligations as provided in Paragraph 4 hereof (or, in the absence of any such agreement, the deadline for such purposes established in accordance with market practice);

  • Offer Notice shall have the meaning set forth in Section 4.1.

  • 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).

  • Objection Notice has the meaning set forth in Section 2.3(a) of this Agreement.

  • Minimum Offering Notice means a written notification, signed by Broker, pursuant to which the Broker shall represent (1) that subscriptions for the Minimum Offering have been received, (2) that, to the best of Broker’s knowledge after due inquiry and review of its records, Cash Investment Instruments in full payment for that number of Shares equal to or greater than the Minimum Offering have been received, deposited with and collected by NCPS, (3) and that such subscriptions have not been withdrawn, rejected or otherwise terminated, and (4) that the Subscribers have no statutory or regulatory rights of rescission without cause or all such rights have expired.

  • Confirmation Notice means a notice provided by the Issuer to an Investor in accordance with clause 1.3(c) of the Terms;

  • Notice Inviting Tender means the notice issued by a SNDB through publication in the newspapers or through electronic means for the purpose of inviting bids, or applications for pre-qualifications, or expression of interests, which may include Tender Notice, Invitation for Bids, Notice for Pre- qualifications or Request for Expression of Interests;

  • Designation Notice means a notice from any Lender or an Affiliate of a Lender substantially in the form of Exhibit I.

  • Disposition Notice is defined in Section 5.2(a).

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

  • Advance Notice Date means each date the Company delivers to the Investor an Advance Notice requiring the Investor to advance funds to the Company, subject to the terms of this Agreement. No Advance Notice Date shall be less than seven (7) Trading Days after the prior Advance Notice Date.