Ground for Disqualification Sample Clauses

Ground for Disqualification. GEPB may at any time at their sole discretion, disqualify any Proposal from further involvement in the Tender Process. A Bidder may, at any time, be disqualified from any further involvement in the Tender Process if any one or more of the following grounds apply: • the Bidder (or any Consortium Member) request the modification of the Contract which form is appended to the Tender Document whether in its Proposal or at any stage of the Procurement Process (including post appointment as Preferred Bidder); • the Bidder does not fully abide by the requirements of Section 4.2 and Annex E in relation to the Bid Bond; • the Bidder does not abide by the requirements of Section 4.3 in relation to the identification of the Lebanese citizen(s) and/or the Lebanese company exclusively and fully owned by Lebanese citizens which will hold 1/3 of the capital of the joint stock company should the Bidder be appointed as Preferred Bidder; • the Bidder (or any Consortium Member) is insolvent or there is evidence that the Bidder (or any Consortium Member) is likely to become insolvent; • the Bidder (or any Consortium Member) has been convicted of a criminal offence relating to the conduct of its business or profession; • the Bidder (or any Consortium Member) has committed an act of grave misconduct in the course of its business or profession; • the Bidder (or any Consortium Member) is guilty of serious misrepresentation in providing any information required of it; • the Bidder (or any Consortium Member) is not registered on the professional or trade register of the relevant country in which it is established under conditions laid down by that country; • the Bidder submits the Bid Price, implicitly or explicitly, in the Technical Proposal and/or the Business Plan; • where the Bidder has failed to comply with any requirement of the Tender Document or Tender Process and/or instruction of GEPB, including where the Proposal is submitted late, is completed incorrectly or submitted and/or complemented incompletely and/or fails to meet the submission requirements which are set out in the Tender Document or are required by Applicable Law or have been notified to Bidders; • where there is a change in identity, control, financial standing or other factor impacting on the selection and/or evaluation process affecting the Bidder (or any Consortium Member); • the Bidder is subject to a change in its ownership structure or if organised as a Consortium the Consortium organisation is modified p...
Sample 1
AutoNDA by SimpleDocs

Related to Ground for Disqualification

  • Notice of Disqualification Events The Company will notify the Purchasers in writing, prior to the Closing Date of (i) any Disqualification Event relating to any Issuer Covered Person and (ii) any event that would, with the passage of time, reasonably be expected to become a Disqualification Event relating to any Issuer Covered Person, in each case of which it is aware.

  • Disqualification of S-1 Until the earlier of seven years from the date hereof or until the Warrants have either expired and are no longer exercisable or have all been exercised, the Company will not take any action or actions that prevent or disqualify the Company’s use of Form S-1 (or other appropriate form) for the registration of the shares of Common Stock issuable upon exercise of the Warrants under the Act.

  • Disqualification The Adviser shall immediately notify the Trustees of the occurrence of any event which would disqualify the Adviser from serving as an investment adviser of an investment company pursuant to Section 9 of the 1940 Act or any other applicable statute or regulation.

  • Eligibility; Disqualification There will at all times be a Trustee hereunder that is a corporation organized and doing business under the laws of the United States of America or of any state thereof that is authorized under such laws to exercise corporate trustee power, that is subject to supervision or examination by federal or state authorities and that has a combined capital and surplus of at least $100.0 million as set forth in its most recent published annual report of condition. This Indenture will always have a Trustee who satisfies the requirements of TIA § 310(a)(1), (2) and (5). The Trustee is subject to TIA § 310(b).

  • No Disqualification Events With respect to the Securities to be offered and sold hereunder in reliance on Rule 506 under the Securities Act, none of the Company, any of its predecessors, any affiliated issuer, any director, executive officer, other officer of the Company participating in the offering hereunder, any beneficial owner of 20% or more of the Company’s outstanding voting equity securities, calculated on the basis of voting power, nor any promoter (as that term is defined in Rule 405 under the Securities Act) connected with the Company in any capacity at the time of sale (each, an “Issuer Covered Person” and, together, “Issuer Covered Persons”) is subject to any of the “Bad Actor” disqualifications described in Rule 506(d)(1)(i) to (viii) under the Securities Act (a “Disqualification Event”), except for a Disqualification Event covered by Rule 506(d)(2) or (d)(3). The Company has exercised reasonable care to determine whether any Issuer Covered Person is subject to a Disqualification Event. The Company has complied, to the extent applicable, with its disclosure obligations under Rule 506(e), and has furnished to the Purchasers a copy of any disclosures provided thereunder.

  • Disqualification of Form S-1 For a period equal to seven (7) years from the date hereof, the Company will not take any action or actions which may prevent or disqualify the Company’s use of Form S-1 (or other appropriate form) for the registration of the Warrants under the Act.

  • Disqualification of Former Employees The Consultant represents that it is familiar with Chapter 12.10 of the City’s Municipal Code, which generally prohibits a former City officer and a former designated employee from providing services to the City connected with his/her former duties or official responsibilities. The Consultant shall not use either directly or indirectly any officer, employee or agent to perform any services if doing so would violate Chapter 12.10. The Consultant’s violation of this Subsection 21.2 is a material breach.

  • Disqualification; Conflicting Interests If the Trustee has or shall acquire any “conflicting interest” within the meaning of Section 310(b) of the Trust Indenture Act, the Trustee and the Company shall in all respects comply with the provisions of Section 310(b) of the Trust Indenture Act.

  • Removal of Directors Unless otherwise restricted by law, any Director or the entire Board of Directors may be removed or expelled, with or without cause, at any time by the Member, and, subject to Section 10, any vacancy caused by any such removal or expulsion may be filled by action of the Member.

  • Qualification of Shares The Company will arrange, if necessary, for the qualification of the Shares for sale under the laws of such jurisdictions as the Manager may designate and will maintain such qualifications in effect so long as required for the distribution of the Shares; provided that in no event shall the Company be obligated to qualify to do business in any jurisdiction where it is not now so qualified or to take any action that would subject it to service of process in suits, other than those arising out of the offering or sale of the Shares, in any jurisdiction where it is not now so subject.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!