Provisional Winning Bidder definition

Provisional Winning Bidder means any of the Highest Bidder, the Second Highest Bidder or the Third Highest Bidder that has been notified by the Agency that it is the Provisional Winning Bidder and that is entitled to complete the purchase of the Subsidiary at the Highest Bid Price.
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Provisional Winning Bidder means any of the highest bidders, the second highest bidder, the third highest bidder notified by the Agency in writing of being declared the Provisional Winning Bidder
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Examples of Provisional Winning Bidder in a sentence

  • The Agency shall carry out the Background Checks in respect of a Provisional Winning Bidder.

  • Until the entry into force of an executed Share Sale Agreement, there shall be no contract in effect between the Agency and the Provisional Winning Bidder and neither the Agency nor the SOE shall be bound in any way to the Provisional Winning Bidder.

  • The Agency shall credit the Bid Deposit of a Provisional Winning Bidder to the total of the Highest Bid Price and the Initial Charter Capital to be paid to the Agency to complete the purchase of the Subsidiary.

  • The funds used by a Provisional Winning Bidder to pay the Highest Bid Price shall not be paid in cash and shall not come from any FATF blacklisted jurisdiction.

  • The Agency may in its sole discretion, on notice to the Provisional Winning Bidder, extend the period of time referred to in section 13.1, if the Agency believes that additional time is reasonably necessary for the purposes of negotiating the terms of the Share Sale Agreement or as a result of some other circumstances resulting in delay, such as (but not limited to) the Background Checks.

  • Negotiations between the Agency and the Provisional Winning Bidder pertaining to the Share Sale Agreement shall be kept to a minimum and the Provisional Winning Bidder may not require the alteration of the Highest Bid Price, the Tendered Items nor require the material alteration of any representations and warranties or any other material terms of the Share Sale Agreement or related documents.

  • The Share Sale Agreement and any related documentation shall be signed by an authorised representative of the Agency and an authorised representative of the Provisional Winning Bidder respectively.

  • For the avoidance of doubt, the Share Sale Agreement and any related documents shall not be signed between the Agency (on behalf of the SOE) and the Provisional Winning Bidder until the total amount of the Highest Bid Price plus the Initial Charter Capital has been paid to the Agency, to the satisfaction of the Agency.

  • The Provisional Winning Bidder shall use its best efforts to conclude the Share Sale Agreement and any related documents with the Agency.

  • Notwithstanding anything in sections 11.3 and 11.5 respectively no Provisional Winning Bidder shall forfeit their Bid Deposit for failing to progress the purchase of the Subsidiary or for failing to make the payments required within the time limits set down under sections 11.3 and 11.5 respectively if the Provisional Winning Bidder can provide objective independent evidence, to the satisfaction of the Agency, that such failures are as a result of intimidation, duress or threats.

Related to Provisional Winning Bidder

  • Winning Bidder With respect to a Successful Auction, the Qualified Bidder that bids the highest price.

  • Winning Bid Rate has the meaning specified in Section 11.10(d)(i) below.

  • Highest Bidder means the Bidder, who quotes the highest License Fees

  • Selected Bidder or Successful Bidder means the Bidder selected pursuant to this RfS to set up the Project and supply electrical output as per the terms of PPA.

  • Provisional ballot means a ballot voted provisionally by a person:

  • Selected Bidder or “Successful Bidder” shall mean the Bidder selected pursuant to this RfS to set up the Project and supply electrical output as per the terms of standard PPA.

  • Supplier/ Successful or Selected bidder means the person, private or government entity, or a combination of the above, whose Bid to perform the Contract has been accepted by the Purchaser and is named as such in the Agreement, and includes the legal successors or permitted assigns of the successful/ selected bidder.

  • Closing Bid Price and “Closing Sale Price” means, for any security as of any date, the last closing bid price and last closing trade price, respectively, for such security on the Principal Market, as reported by Bloomberg, or, if the Principal Market begins to operate on an extended hours basis and does not designate the closing bid price or the closing trade price, as the case may be, then the last bid price or the last trade price, respectively, of such security prior to 4:00:00 p.m., New York time, as reported by Bloomberg, or, if the Principal Market is not the principal securities exchange or trading market for such security, the last closing bid price or last trade price, respectively, of such security on the principal securities exchange or trading market where such security is listed or traded as reported by Bloomberg, or if the foregoing do not apply, the last closing bid price or last trade price, respectively, of such security in the over-the-counter market on the electronic bulletin board for such security as reported by Bloomberg, or, if no closing bid price or last trade price, respectively, is reported for such security by Bloomberg, the average of the bid prices, or the ask prices, respectively, of any market makers for such security as reported in the OTC Link or “pink sheets” by OTC Markets Group Inc. (formerly Pink OTC Markets Inc.). If the Closing Bid Price or the Closing Sale Price cannot be calculated for a security on a particular date on any of the foregoing bases, the Closing Bid Price or the Closing Sale Price, as the case may be, of such security on such date shall be the fair market value as mutually determined by the Company and the Holder. If the Company and the Holder are unable to agree upon the fair market value of such security, then such dispute shall be resolved pursuant to Section 11. All such determinations to be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or other similar transaction during the applicable calculation period.

  • Bidder/Bidding Company means Bidding Company submitting the Bid. Any reference to the Bidder includes Bidding Company / including its successors, executors and permitted assigns as the context may require;

  • Qualified Bidder As defined in Section 7.01(c).

  • Technically Qualified Bidder means a Bidder whose Techno-Commercial Bid is responsive and meets the requirements to the satisfaction of OMC as per terms and condition of the Bid document and is qualified for opening of its Price Bid;

  • Designated Bidder means (a) an Eligible Assignee or (b) a special purpose corporation that is engaged in making, purchasing or otherwise investing in commercial loans in the ordinary course of its business and that issues (or the parent of which issues) commercial paper rated at least "Prime-1" (or the then equivalent grade) by Xxxxx'x or "A-1" (or the then equivalent grade) by S&P that, in the case of either clause (a) or (b), (i) is organized under the laws of the United States or any State thereof, (ii) shall have become a party hereto pursuant to Section 8.07(d), (e) and (f) and (iii) is not otherwise a Lender.

  • Provisional Interconnection Service means interconnection service provided by Transmission Provider associated with interconnecting the Interconnection Customer’s Generating Facility to Transmission Provider’s Transmission System and enabling that Transmission System to receive electric energy and capacity from the Generating Facility at the Point of Interconnection, pursuant to the terms of the Interconnection Service Agreement and, if applicable, the Tariff.

  • bid means a written offer in a prescribed or stipulated form in response to an invitation by an organ of state for the provision of goods or services, through price quotations, advertised competitive bidding processes or proposals;

  • Sufficient Clearing Bids has the meaning specified in Section 11.10(d)(i) below.

  • Provisional ballot envelope means an envelope printed in the form required by

  • Qualified Bidder(s means a Bidder who fulfills the eligibility criteria listed out in the E-Auction Process Information Document.

  • BC Bid Website means www.bcbid.gov.bc.ca; “City” means the City of Surrey;

  • Successful Bidder” or “Successful E-Auction Process Participant means, the Qualified Bidder whose bid is approved and who is declared successful by the Liquidator at the end of the determined auction phase.C. INTRODUCTION

  • Divisional Railway Manager means the Officer in charge of a Division of the Zonal Railway and shall mean and include the Divisional Railway Manager of the Successor Railway.

  • Secondary protective barrier means a barrier sufficient to attenuate the stray radiation to the required degree.

  • Benchmark Replacement Date means the earliest to occur of the following events with respect to the then-current Benchmark:

  • Successful Bidder As defined in Section 7.01(c).

  • Public transit district means a public transit district organized under Title 17B, Chapter 2a, Part 8, Public Transit District Act.

  • Successful Bidder(s) means the bidder(s) to whom work in this tender is awarded.

  • algorithmic trading means trading in financial instruments where a computer algorithm automatically determines individual parameters of orders such as whether to initiate the order, the timing, price or quantity of the order or how to manage the order after its submission, with limited or no human intervention. This definition does not include any system that is only used for the purpose of routing orders to one or more trading venues or for the confirmation of orders;