Quotation Process Sample Clauses

Quotation Process. Tenderers that satisfy the prescribed criteria will form a panel. When a firm is shortlisted, it does not guarantee that a firm will get business with the municipality. Firms will remain in the register for a minimum period of thirty six months from the date of shortlisting. Requests for quotations will be issued as and when need arise for the duration of three years. Tenderers will be invited to submit tender offers based on their position on the panel. Tenderers will be repositioned on the panel upon appointment or upon submission of a quotation. The previous most responsive quote will be used to determine the negotiation for the next eligible service provider in a cycle. The variance between the next eligible quote shall not exceed 5% of the unit costs of the order from the previous most reponsive quote received in a cycle. The 80/20 preference points system will be used when the financial value (incl. Vat) of one or more responsive tender offers have a value that is R 30 000.00 ≥ R 50, 000 000. The formula used to calculate the total points will be based on the Preference Points and Price Points in accordance with the 2017 PPPFA Regulations.
Sample 1
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Quotation Process. Upon Reseller’s request, Xxxx will prepare a Veea Sales Quotation, which will identify the Products and Services and prices being offered to Reseller for a specified Enterprise for a defined Subscription Term. If acceptable, prior to expiration Reseller shall electronically sign and submit the signed Veea Sales Quotation following the instructions provided therein. Upon receipt by Xxxx, the signed Veea Sales Quotation shall constitute an “Accepted Sales Order”. Reseller may not cancel an Accepted Sales Order without Veea written consent. If no Accepted Sales Orders have been placed by Reseller within the first 90 days of the Initial Term, Veea reserves the right to terminate this Agreement.
Sample 1

Related to Quotation Process

  • Selection Process The Mortgage Loans were selected from among the outstanding one- to four-family mortgage loans in the Seller's portfolio at the related Closing Date as to which the representations and warranties set forth in Subsection 9.02 could be made and such selection was not made in a manner so as to affect adversely the interests of the Purchaser;

  • Quotation of Rates A Representative of Borrower may call Administrative Agent before delivering a Borrowing Request to receive an indication of the interest rates then in effect, but the indicated rates do not bind Administrative Agent or Lenders or affect the interest rate that is actually in effect when Borrower delivers its Borrowing Request or on the Borrowing Date.

  • Quotation The Company will use its best efforts to include, subject to notice of issuance, the Common Shares on the Nasdaq National Market.

  • Collection Procedure Escrow Agent is hereby authorized to deposit the proceeds of each wire in the Escrow Account.

  • Rate Quotations The Borrower may call the Administrative Agent on or before the date on which a Loan Request is to be delivered to receive an indication of the rates then in effect, but it is acknowledged that such projection shall not be binding on the Administrative Agent or the Lenders nor affect the rate of interest which thereafter is actually in effect when the election is made.

  • Selection Procedures In selecting the Loan Assets to be Pledged pursuant to this Agreement, no selection procedures were employed which are intended to be adverse to the interests of the Lenders.

  • Transaction Procedures All series transactions for the Designated Series shall be consummated by payment to, or delivery by, the Custodian(s) from time to time designated by the Fund (the “Custodian”), or such depositories or agents as may be designated by the Custodian in writing, of all cash and/or securities due to or from the Series. The Subadviser shall not have possession or custody of such cash and/or securities or any responsibility or liability with respect to such custody. The Subadviser shall advise the Custodian and confirm in writing to the Fund all investment orders for the Designated Series placed by it with brokers and dealers at the time and in the manner set forth in Schedule A hereto (as amended from time to time). The Fund shall issue to the Custodian such instructions as may be appropriate in connection with the settlement of any transaction initiated by the Subadviser. The Fund shall be responsible for all custodial arrangements and the payment of all custodial charges and fees, and, upon giving proper instructions to the Custodian, the Subadviser shall have no responsibility or liability with respect to custodial arrangements or the act, omissions or other conduct of the Custodian.

  • Collection Procedures (a) On or before the Closing Date, the Seller and the Purchaser shall have established and shall maintain thereafter the system of collecting and processing Collections of Receivables in accordance with Section 2.02 of the Servicing Agreement.

  • Escalation Procedures 48.1 The Standard Practices outlines the escalation process which may be invoked at any point in the Service Ordering, Provisioning, and Maintenance processes to facilitate rapid and timely resolution of disputes.

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