Opportunity to Bid Sample Clauses
The "Opportunity to Bid" clause ensures that certain parties are given a fair chance to submit proposals or bids for a contract, project, or procurement. Typically, this clause outlines the process by which invitations to bid are issued, the criteria for eligibility, and the timeframe within which bids must be submitted. For example, it may require a company to notify pre-qualified vendors of upcoming opportunities and provide them with sufficient information to prepare their bids. The core function of this clause is to promote transparency and competition, helping to prevent favoritism and ensuring that all qualified parties have an equal opportunity to participate.
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Opportunity to Bid. TerreStar will use commercially reasonable efforts to provide Elektrobit with an opportunity to submit a bid or proposal in response to any request for proposal or request for quote that TerreStar may issue to other third parties for the purchase of End Products.
Opportunity to Bid. In the event that New Residential acquires any corresponding MSR Bundle in non-Covered Portfolios following execution of this Agreement, NRZ Brokerage shall provide RHSS and Altisource an opportunity to submit a proposal pursuant to which the Portfolios to which such corresponding MSR Bundle apply could become Covered Portfolios.”
10. Section 10(a) of the CBA is hereby deleted in its entirety, and inserted in lieu thereof is the following Section 10(a) of the CBA, as follows:
(a) The Parties’ rights under this Agreement shall continue in full force and effect and shall not be affected by the sale (or other transfer of a Covered Portfolio) by New Residential of any MSR Bundle to New Residential Affiliate.”
11. Section 14 of the CBA is hereby amended to change the address, facsimile number or other information of RHSS for the purpose of notices to such Party, as follows: “If to RHSS: REALHome Services and Solutions, Inc. ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇, Suite 245 Atlanta, GA 30328 Attention: Corporate Secretary Email: ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇.▇▇▇ and ▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇.▇▇▇”
12. Section 19(a)(vii) of the CBA is hereby deleted in its entirety, and inserted in lieu thereof is the following Section 19(a)(vii) of the CBA, as follows:
Opportunity to Bid. In the event Customer requires additional telecommunications services (including Internet-protocol-based services and traditional voice services), Customer shall provide UUNET and its affiliates an opportunity to propose terms under which they could provide such services to Customer.
Opportunity to Bid. In the event that New Residential acquires MSRs in non-Covered Portfolios following execution of this Agreement, NRZ Brokerage shall provide RHSS and Altisource an opportunity to submit a proposal pursuant to which the Portfolios to which such MSRs apply could become Covered Portfolios.
Opportunity to Bid. In the event that Infinite requires additional telecommunications services (including Internet-protocol-based Internet Services and traditional voice Internet Services), Infinite shall provide MCSP and its affiliates an opportunity to propose terms under which they could provide such Internet Services to Infinite. However, nothing contained herein shall be construed as prohibiting or limiting Infinite's right to conduct such activities as principal.
Opportunity to Bid. Member to provide Supplier opportunity to submit a quote for all roofing projects.
Opportunity to Bid. During such five Business Day period, the Company shall afford Parent the opportunity, in Parent's discretion, to offer to amend the terms of this Agreement and the Arrangement. The Company's Board of Directors shall convene a meeting to review in good faith any offer by Parent to amend the terms of this Agreement and the Arrangement in order to determine, in its discretion in the exercise of its fiduciary duties, whether Parent's offer upon acceptance by the Company would result in the Acquisition Proposal not being a Superior Proposal. If the Company's Board of Directors shall so determine, the Company shall enter into an amended agreement with Parent reflecting Parent's offer. If after such five Business Day period the Company's Board of Directors shall conclude, in good faith and after consultation with the Company's financial advisors and outside counsel, that the Acquisition Proposal is nonetheless a Superior Proposal and shall therefore reject Parent's offer, the Company shall pay to Parent the break-up fee payable to Parent under Section 9.4 as required thereunder. Each successive material amendment to any Acquisition Proposal shall constitute a new Acquisition Proposal for purposes of this Section 7.20 and shall thereby initiate an additional five Business Day period under this Section 7.20. 7.21.