Common use of Terms and Conditions of Bidding Clause in Contracts

Terms and Conditions of Bidding. The concluded Transmission contracts in accordance with these rules shall be valid for their contractual term without prejudice to Chapter 5.3. (d). Each Binding bid shall contain a commitment that the Applicant will accept all terms and conditions specified in these Rules without reservation. The Applicant may not modify or withdraw the Binding bid(s) submitted by it. The Binding bid shall contain an expressed commitment that it is irrevocable, unconditional and binding. If the Applicant fails to comply with any of the above commitments or with the terms and conditions of these rules, the respective Party shall have the right to refuse such Binding bid. The respective Party shall have the right to refuse a Binding bid if:  it is not submitted in full, at latest at the date specified in the Rules;  it does not comply with the terms and conditions specified in the Rules;  it does not contain direct reference to the binding nature of it as it is set out above. The respective Party shall notify the Applicant in case its Binding bid is refused. If a Binding bid is refused by the any of the Parties, then the Applicant is no longer bound by it.

Terms and Conditions of Bidding. The concluded Transmission contracts in accordance with these rules shall be valid for their contractual term without prejudice to Chapter 5.3. (d). Each Binding bid shall contain a commitment that the Applicant will accept all terms and conditions specified in these Rules without reservation. The Applicant may not modify or withdraw the Binding bid(s) submitted by it. The Binding bid shall contain an expressed commitment that it is irrevocable, unconditional and binding. If the Applicant fails to comply with any of the above commitments or with the terms and conditions of these rules, the respective Party shall have the right to refuse such Binding bid. The respective Party shall have the right to refuse a Binding bid if:  ▪ it is not submitted in full, at latest at the date specified in the Rules;  ▪ it does not comply with the terms and conditions specified in the Rules;  ▪ it does not contain direct reference to the binding nature of it as it is set out above. The respective Party shall notify the Applicant in case its Binding bid is refused. If a Binding bid is refused by the any of the Parties, then the Applicant is no longer bound by it.