Successful Bid definition

Successful Bid means the Bid of the Successful Bidder for acquisition of the Corporate Debtor on Going Concern basis as declared by the Liquidator as per this Process Memorandum;

Successful Bid means the Bid of the Successful Bidder for acquisition of assets of the Corporate Debtor and as declared by the Liquidator in terms of sub-clause VIII of Clause 5.4 of this document.

Successful Bid means the Bid of the Successful Bidder for acquisition of the Corporate Debtor as a whole, on a going concern basis and as declared by the Liquidator in terms of sub-clause VIII of Clause4.3 of this document.

Examples of Successful Bid in a sentence

• If this bid is accepted within thirty-five days after the date set for the opening of bids and bidder fails to execute the Contract within ten days after Notice of Successful Bid, or if bidder fails to furnish both Performance and Payment Bonds, the obligation of the Bid Bond will remain in full force and effect and the money payable thereon shall be paid into the funds of the Owner as liquidated damages for such failure; otherwise, the obligations of the Bid Bond will be null and void.

• The Liquidator will issue a Letter of Intent (LOI) to the Successful Bidder and the Successful Bidder shall have to deposit the balance amount (Successful Bid Amount – EMD Amount) within 30 days on issuance of the LOI by the Liquidator.

• Successful Bidder would be given a Letter of Award (LoA) stipulating the conditions under which the bid has been qualified as the Successful Bid.

• The Liquidator will issue a Letter of Intent (LOI) to the Successful Bidder and the Successful Bidder shall have to deposit the balance amount (Successful Bid Amount (-) EMD Amount) within 90 days on issuance of the LOI by the Liquidator (Provided that payments made after thirty days shall attract interest at the rate of 12%).

• The Liquidator will issue a Letter of Intent (LOI) to the Successful Bidder and the Successful Bidder shall have to deposit the balance amount (Successful Bid Amount – EMD Amount) within 30 days from the date of issuance of the LOI by the Liquidator.

More Definitions of Successful Bid

Successful Bid means a qualified bid submitted in accordance with the Bidding Procedures that is determined to be the highest or otherwise best bid in accordance with the Bidding Procedures.

Successful Bid has the meaning ascribed to such term in the Bidding Procedures.

Successful Bid means the Bid whose Financial Bid results in maximization of the value for the Corporate Debtor/stakeholders, as determined by the Liquidator;

Successful Bid means the bid made by a person during a Licensing Round to acquire a PSC in respect of a Block which JDA has accepted;

Successful Bid means the Bid of the Successful Bidder for acquisition of the Corporate Debtor Sale of assets in Parcel basis as declared by the Liquidator as per this Process Memorandum;

Successful Bid means the Primary Offer (including the Primary Offer as maybe amended in accordance with the terms of this Bid Document) or the Bid or Revised Bid from the Highest Selected Bidders as approved by the Lenders as per the terms hereof.

Successful Bid means a qualified bid that is selected by the Debtors in accordance with the Bidding Procedures; provided that the Debtors shall not select any bid as the Successful Bid unless such bid meets the Successful Bid Mandatory Conditions.