RETURN OF BID SECURITY Sample Clauses

RETURN OF BID SECURITY. Bid security of the lowest two or more Bidders may be retained until the Contract is executed or rejection made by the Owner. Other Bid security will be returned if requested only after the tabulation of Bids is completed.
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RETURN OF BID SECURITY. ‌ The Proposals of the three (3) lowest Bidders will be considered in awarding the Contract. The City Engineer will return all other Proposal securities promptly after the tabulation of Bids has been made. The Proposal securities retained will be returned after the successful Bidder has executed the Contract and the bonds accompanying the same are approved and filed.
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RETURN OF BID SECURITY. Bid Security submitted in the form of Cashier's Checks or Certified Checks will be returned within five days after execution of the Agreement by City. Bid Bonds will not be returned unless otherwise requested by Bidder.
Sample 1
RETURN OF BID SECURITY. Unless otherwise agreed by the Parties, the Bid Security will be returned to Respondent upon the earlier of: (i) the delivery of performance security if NorthWestern and Respondent execute a [power purchase agreement (“CREP PPA”) or definitive build-transfer agreement (“Build-Transfer Agreement”)]; or (ii) within 10 days of NorthWestern’s execution of a power purchase agreement or build-transfer agreement with a third party; provided NorthWestern terminates negotiations with Respondent. Notwithstanding the foregoing, if, after the expiration of 120 days following the date of this Agreement (such period subject to extension upon mutual agreement of the Parties) the Parties have not executed a [CREP PPA or a Build-Transfer Agreement], and such failure did not arise out of or result from bid forfeiture conduct set forth in Section 3 below, NorthWestern shall return the Bid Security. Respondent shall provide specific instructions specifying the name and address of the person or entity to properly receive the returned Bid Security. Absent such information, NorthWestern will mail the Bid Security to the address provided in Respondent’s CREP RFP proposal.
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RETURN OF BID SECURITY. Within 15 days after the award of the Contract, the VILLAGE will return the Bid securities to all BIDDERS whose Proposals are not to be further considered in awarding the Contract. Retained bid securities will be held until the Contract has been finally executed, after which all bid securities, other than BIDDERS' bonds and any guarantees which have been forfeited, will be returned to the respective BIDDERS whose proposals they accompanied.
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RETURN OF BID SECURITY. 21.5.1. The bid security of the unsuccessful bidders will be returned to them after the contract has been signed, or previous to such time, at the discretion of the Strait Regional Centre for Education.
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RETURN OF BID SECURITY. (a) Within 10 days after the bid opening, DSNY will notify the Comptroller to return the deposits of all but the three lowest bidders. Within five days after the award, DSNY will notify the Comptroller to return the deposits of the remaining two unsuccessful bidders.
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Related to RETURN OF BID SECURITY

  • Calculation of Number and Percentage of Beneficial Ownership of Outstanding Voting Shares For purposes of this Agreement, the percentage of Voting Shares Beneficially Owned by any Person, shall be and be deemed to be the product (expressed as a percentage) determined by the formula: 100 x A/B where:

  • Not a Security None of the Notes shall be deemed to be a security within the meaning of the Securities Act of 1933 or the Securities Exchange Act of 1934.

  • Return of Amount Paid for Securities Out of payment received by the Manager for Securities sold for your account which have been paid for by you, the Manager will remit to you promptly an amount equal to the price paid by you for such Securities.

  • Actively Traded Security The Common Stock is an “actively traded security” excepted from the requirements of Rule 101 of Regulation M under the Exchange Act by subsection (c)(1) of such rule.

  • Determination of Treasury Rate Unless otherwise specified in the applicable Pricing Supplement if the Base Rate specified on the face hereof is the Treasury Rate, the “Treasury Rate” means, with respect to any Treasury Rate Determination Date (as defined below), the rate for the auction held on such Treasury Rate Determination Date of direct obligations of the United States (“Treasury bills”) having the Index Maturity specified on the face hereof, as published in H.15(519) under the heading “U.S. Government Securities-Treasury bills-auction average (investment)” or, if not so published by 3:00 P.M., New York City time, on the Calculation Date pertaining to such Treasury Rate Determination Date, the auction average rate (expressed as a bond equivalent on the basis of a year of 365 or 366 days, as applicable, and applied on a daily basis) as otherwise announced by the United States Department of the Treasury for Treasury bills on such Treasury Rate Determination Date having the Index Maturity specified on the face hereof. In the event that the results of the auction of Treasury bills having the Index Maturity specified on the face hereof are not published or reported as provided above by 3:00 P.M., New York City time, on such Calculation Date, or if no such auction is held on such Treasury Rate Determination Date, then the Treasury Rate shall be calculated by the Calculation Agent and shall be a yield to maturity (expressed as a bond equivalent on the basis of a year of 365 or 366 days, as applicable, and applied on a daily basis) of the arithmetic mean of the secondary market bid rates, as of approximately 3:30 P.M., New York City time, on such Treasury Rate Determination Date, of three leading primary United States government securities dealers selected by the Calculation Agent for the issue of Treasury bills with a remaining maturity closest to the Index Maturity specified on the face hereof; provided, however, that if the dealers selected as aforesaid by the Calculation Agent are not quoting bid rates as mentioned in this sentence, the rate of interest for the applicable period will be the rate of interest in effect on such Treasury Rate Determination Date. The “Treasury Rate Determination Date” will be the day of the week in which the related Interest Reset Date falls on which Treasury bills would normally be auctioned. Treasury bills are normally sold at auction on Monday of each week, unless that day is a legal holiday, in which case the auction is normally held on the following Tuesday, except that such auction may be held on the preceding Friday. If, as the result of a legal holiday, an auction is so held on the preceding Friday, such Friday will be the Treasury Date Determination Date pertaining to the Interest Reset Date occurring in the next succeeding week. If an auction date shall fall on any Interest Reset Date for a Note whose Base Rate is the Treasury Rate, then such Interest Reset Date shall instead be the first Business Day immediately following such auction date. The interest rate for each such Interest Reset Date shall be the Treasury Rate plus or minus the Spread or multiplied by the Spread Multiplier, if any, as indicated on the face hereof.

  • Notes Payable on Redemption Date The Notes or portions thereof to be redeemed shall, following notice of redemption as required by Section 10.02, on the Redemption Date become due and payable at the Redemption Price and (unless the Issuer shall default in the payment of the Redemption Price) no interest shall accrue on the Redemption Price for any period after the date to which accrued interest is calculated for purposes of calculating the Redemption Price.

  • Lost or Mutilated Note If this Note shall be mutilated, lost, stolen or destroyed, the Company shall execute and deliver, in exchange and substitution for and upon cancellation of a mutilated Note, or in lieu of or in substitution for a lost, stolen or destroyed Note, a new Note for the principal amount of this Note so mutilated, lost, stolen or destroyed, but only upon receipt of evidence of such loss, theft or destruction of such Note, and of the ownership hereof, reasonably satisfactory to the Company.

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