Bid Premium definition

Bid Premium means (i) for Tankers, the premium associated with the Bid Price for an Uncommitted Shipper Nomination to the Westridge Marine Terminal calculated by multiplying the Bid Price by the Vessel volume Nominated and (ii) for Barges, the premium associated with the Bid Price for an Uncommitted Shipper Nomination to the Westridge Marine Terminal calculated by multiplying the Bid Price by the volume Nominated, up to the Available Capacity determined pursuant to Rule 14.3(c)(ii) and loaded onto no more than two (2) Barges.
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Bid Premium means the premium associated with the Bid Price for an Uncommitted Shipper Nomination to the Westridge Marine Terminal calculated by multiplying the Bid Price by the Vessel volume Nominated.
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Bid Premium means the premium offered by an Uncommitted Shipper for a Nomination, expressed in Canadian cents per Cubic Meter.
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Examples of Bid Premium in a sentence

  • The Bid Premium is currently defined as Four percent (4%) of the Purchase Price and shall not apply towards the Purchase Price.

  • Prior to closing, Buyer shall cause the $ .00 Bid Premium to be deposited in escrow.


More Definitions of Bid Premium

Bid Premium means percentage rate above/below quoted by the contractor over departmental rates or if worked out in item rates, the percentage of bid amount over sanctioned estimated amount for deciding competence to sanction bid.
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Bid Premium means the premium associated with the Bid Price for Advanced Dock Nominations calculated by multiplying the Bid Price by the Vessel volume Nominated.
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Related to Bid Premium

  • Spread Maintenance Premium means, with respect to any payment or prepayment, an amount equal to the product of the following: (i) the LIBOR Margin, the Alternate Rate Spread or the Base Rate Spread then applicable to each such future installment of interest, multiplied by (ii) the principal amount of the Loan so prepaid, and multiplied by (iii) a fraction, the numerator of which is the number of days following the date through which interest on the prepaid amount has been paid through and including December 14, 2019, and the denominator of which is 360.

  • Make-Whole Premium means, with respect to a Note at any redemption date, the greater of:

  • Premium means any premium payable under the terms of the Notes.

  • Applicable Premium means, with respect to any Note on any Redemption Date, the greater of:

  • Redemption Premium means (i) in the case of the Events of Default described in Section 4(a)(i) - (vi) and (ix) - (xii), 125% or (ii) in the case of the Events of Default described in Section 4(a)(vii) - (viii), 100%.