Bid Deposit Sample Clauses

Bid Deposit. A deposit of at least 5-percent of the total Bid shall accompany each Bid. This deposit may be by cash, certified check, cashier’s check, or a proposal bond (Surety bond). Any proposal bond shall be on a form acceptable to the Contracting Agency and shall be signed by the Bidder and the Surety. A proposal bond shall not be conditioned in any way to modify the minimum 5-percent required. The Surety shall: (1) be registered with the Washington State Insurance Commissioner, and (2) appear on the current Authorized Insurance List in the State of Washington published by the Office of the Insurance Commissioner. The failure to furnish a Bid deposit of a minimum of 5-percent shall make the Bid nonresponsive and shall cause the Bid to be rejected by the Contracting Agency.

Bid Deposit. Buyer has deposited the sum of $2,129 (five percent of bid amount) in escrow with Comerica Bank-California, San Jose, California (the "Escrow Agent"), as a deposit pending acceptance of Buyer's bid. Such payment shall now be applied to the down payment portion of the purchase price.

Bid Deposit. Bids must be secured with either a bid bond or a bid deposit. A Bid Bond must be in the amount of 25% of the total bid and must be on the Authority’s Bid Bond Form (TA-44117) which is included in the Proposal. A Bid Deposit must be a certified check or cashier’s check made payable to the New York State Thruway Authority or the New York State Canal Corporation in the amount specified in the bid proposal. (Bidders must also submit a Statement of Surety’s Consent with the bid.) The retention and disposition of such bid bond or certified check or bank cashier's check by the Authority shall be pursuant to and in conformity with Section 38(2) of the Highway Law, as amended. Bidders are advised that the Thruway Authority has determined, in the exercise of its discretion, that if the apparent low bidder has submitted a certified check or cashier's check with their bid, they will not be permitted to bond their bid. The second low bidder, if they have submitted a certified check or cashier's check will be permitted to bond their bid as a matter of right; the Thruway Authority form TA-4426 is to be used for this purpose and may be obtained from the Contracts Unit at Authority Administrative Headquarters only.”

Bid Deposit. Each bidder must provide a bid deposit of $2,000,000 no later than April 25, 2022, to participate in the mock auction and the monetary auction. If a bidder would like to qualify to win two lease areas, the bidder must provide a bid deposit of $4,000,000. BOEM will consider extensions to this deadline only if BOEM, in its sole discretion, determines that the failure to timely submit the bid deposit was caused by events beyond the bidder’s control. Further information about bid deposits can be found in the “Bid Deposit” section of this notice.

Bid Deposit. Seller and Purchaser acknowledge that Purchaser remitted a bid deposit in the amount of (ten percent (10%) of the Purchase Price) within ten (10) days Purchaser placed its bid on the Property during the Auction (the “Bid Deposit”). At Closing (as defined below), the Bid Deposit shall be paid to Seller and shall be credited toward the Purchase Price.

Bid Deposit. No proposal shall be considered or accepted unless at the time of its filing the same shall be accompanied by a deposit of cash or a certified or cashier's check drawn on a bank or trust company insured by the Federal Deposit Insurance Corporation, in an amount equal to five percent (5%) of the amount of the proposal. The check shall be made payable to the City of Durham. Said deposit shall guarantee that the Contract will be entered into by the successful Bidder if the award is made. Such deposit of cash or certified or cashier's check may be held by the City until the successful Bidder has executed and delivered the Contract documents, including performance and payment bond, to the City of Durham and returned or kept in accordance with N.C.G.S. 143-129. No Bidder may withdraw a bid within 90 days after the actual date of opening of such bids except as described in Section 103 of the NCDOT SSRS and except to the extent, if any, that may be required by law.

Bid Deposit. Once BOEM has processed a BFF and provided the appropriate information to Office of Natural Resources Revenue (ONRR), ONRR will populate the Bid Deposit Forms and then will notify the bidders that they should have access to ▇▇▇.▇▇▇ for the bid deposits. The bidder must log into ▇▇▇.▇▇▇ to submit a bid deposit. To participate in the mock auction and the monetary auction, each qualified bidder must provide a bid deposit of $5,000,000 no later than November 21, 2022. BOEM will consider extensions to this deadline only if BOEM, in its sole discretion, determines that the failure to timely submit the bid deposit was caused by events beyond the bidder’s control. Further information about bid deposits can be found in the “Bid Deposit” section XI of this notice. Per 30 CFR 585.222(e), BOEM will send a written notice of its decision to accept or reject bids to all bidders whose deposits we hold.

Bid Deposit. The State will cash the Concessionaire's bid deposit and apply the funds to the fees due the State beginning with the first payment required under this Agreement.

Bid Deposit. (April 13, 2022 KC GSP) This section is deleted and replaced with the following The bid shall be accompanied by a PDF file of an original bid guaranty in the amount equal to at least 5% of the Total Bid Price. Upon request by the County, bidder(s) shall provide the original bid guaranty which accompanied their electronic bid. The bid guaranty shall be in one of the following formats and made payable to KING COUNTY: (1) a bid guaranty bond, using either the form provided in the Contract Documents or a form acceptable to the County which contains provisions substantially similar to those in the Contract Documents, duly completed by a guaranty company authorized to carry on business in the state of Washington; or (2) a postal money order, a certified check, or cashier's check drawn upon a banking institution with a branch office in the state of Washington. The surety signing the bid guaranty bond shall be registered with the Washington State Insurance Commissioner, and the surety's name shall appear in the current Authorized Insurance Company List in the State of Washington published by the Office of the Insurance Commissioner. Failure to submit the PDF file of the original bid guaranty, or upon request by the County, provide the original bid guaranty shall render the bid non-responsive and be rejected. The amount payable to the County under the bid guaranty bond, or the certified or cashier's check or postal money order and the amount thereof, as the case may be, shall be forfeited to the County in case of a failure or neglect of the Bidder to furnish, execute and deliver to the County all the forms listed in the Contract Documents within the number of days specified therein, following the issuance of the Intent to Award. Forfeiture of the bid guarantee shall not limit the County’s right to recover damages from the Bidder caused by the Bidder’s failure to execute the Contract.