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Binding Bid definition

Binding Bid means irrevocable capacity request of the Applicant to the capacities of the Slovak System,at IP Veľké Zlievce and/or the Hungarian System at Balassagyarmat by submission of the Annex 2 as described in Article 3.1.3. herein, which in case of acceptance by Eustream for Slovak System or MGT for Hungarian System shall lead into conclusion of transmission contract/contracts.
Binding Bid means the binding bid to reserve volumes of Incremental Capacity in the IGB Pipeline made by the Allocated Participant in the "Binding Bid" dated […], provided by the Participant as a condition to participate in the Binding Bidding Phase of Incremental Capacity Process–2023.
Binding Bid has the meaning given to it in the bid document submitted by the New Shipper specifying the New Shipper’s bid for capacity at the Terminal in response to and in accordance with the Open Season Notice issued by GLNG);

Examples of Binding Bid in a sentence

  • The Binding Bid Agreement will be provided to bidders upon receipt of a signed Confidentiality Agreement (see Section 2.3).

  • The signatory to the Binding Bid Agreement must certify that he/she has the authority to act on behalf of, and to bind the bidder to perform the terms and conditions of the MCESA at the prices and for the load amounts specified in its proposal(s).

  • At its sole discretion, the Compact may opt to negotiate with multiple bidders, as shall be considered in the best interest of the Participants.Accompanying each proposal, each bidder must include a signed Binding Bid Agreement.

  • Bid Forms and Binding Bid Agreements shall only be delivered by e- mail.

  • The UPI Movable Assets Binding Bid subscribed by the Interested Group represents, for all purposes, a valid offer for the acquisition of the UPI Movable Assets, subject even to execution aiming at a specific relief, pursuant to arts.

  • The Pre-Qualification Application and the Binding Bid must also be submitted to the secure procurement website at: http://www.levitan.com/ AIURFP.

  • At its sole discretion, theCompact may opt to negotiate with multiple bidders, as shall be considered in the best interest of the Participants.Accompanying each proposal, each bidder must include a signed Binding Bid Agreement.

  • DeclaresTo have submitted, or will submit also to TAP, an identical Binding Bid for the incremental capacity requested at the Nea Mesimvria Interconnection Point.

  • Those Binding Bids that are accepted at this stage will be considered as part of the preliminary Capacity Allocation procedure of Section 5.4. In case of rejection of a Binding Bid, the relevant TSO shall (without prejudice to the procedure applicable to Equal Marginal Bids) notify the relevant Participant of such rejection and the other TSOs Concerned within 5 Business Days from the end of the Bid Submission Window.

  • The UPI Towers Binding Bid subscribed by Highline represents, for all purposes, a valid bid for the acquisition of UPI Towers and execution of the respective Sale and Purchase Agreement, also subject to the payment of a compensatory pecuniary fine by Highline in case of default on the obligation to execute the respective Sale and Purchase Agreement, in compliance with the terms and conditions set forth in the UPI Towers Binding Bid.


More Definitions of Binding Bid

Binding Bid means a binding offer (as the same may be modified from time to time as permitted under Section 5.17(j) hereof) by any Person(s) to acquire all or substantially all of the Loan Parties’ businesses and assets, which binding offer shall be evidenced by a definitive purchase agreement and any related purchase documents setting forth all of the material terms and conditions of its binding bid and providing for a closing date on or before the Outside Sale Closing Date, and a blackline draft of such definitive purchase agreement showing all changes from the form purchase agreement to be provided by the Loan Parties pursuant to Section 5.17(j)(v) hereof.

Related to Binding Bid

  • binding corporate rules means personal data protection policies which are adhered to by a controller or processor established on the territory of a Member State for transfers or a set of transfers of personal data to a controller or processor in one or more third countries within a group of undertakings, or group of enterprises engaged in a joint economic activity;

  • Enforceable means, with respect to any Contractual Obligation stated to be Enforceable by or against any Person, that such Contractual Obligation is a legal, valid and binding obligation of such Person enforceable by or against such Person in accordance with its terms, except to the extent that enforcement of the rights and remedies created thereby is subject to bankruptcy, insolvency, reorganization, moratorium and other similar laws of general application affecting the rights and remedies of creditors and to general principles of equity (regardless of whether enforceability is considered in a proceeding in equity or at law).

  • Valid means that the Tax Verification Letter’s period of validity, as indicated on the Tax Verification Letter, has not ended.

  • Winning Bid Rate has the meaning specified in Section 11.10(d)(i) below.

  • Closing Bid Price and “Closing Sale Price” means, for any security as of any date, the last closing bid price and last closing trade price, respectively, for such security on the Principal Market, as reported by Bloomberg, or, if the Principal Market begins to operate on an extended hours basis and does not designate the closing bid price or the closing trade price, as the case may be, then the last bid price or the last trade price, respectively, of such security prior to 4:00:00 p.m., New York time, as reported by Bloomberg, or, if the Principal Market is not the principal securities exchange or trading market for such security, the last closing bid price or last trade price, respectively, of such security on the principal securities exchange or trading market where such security is listed or traded as reported by Bloomberg, or if the foregoing do not apply, the last closing bid price or last trade price, respectively, of such security in the over-the-counter market on the electronic bulletin board for such security as reported by Bloomberg, or, if no closing bid price or last trade price, respectively, is reported for such security by Bloomberg, the average of the bid prices, or the ask prices, respectively, of any market makers for such security as reported in the OTC Link or “pink sheets” by OTC Markets Group Inc. (formerly Pink OTC Markets Inc.). If the Closing Bid Price or the Closing Sale Price cannot be calculated for a security on a particular date on any of the foregoing bases, the Closing Bid Price or the Closing Sale Price, as the case may be, of such security on such date shall be the fair market value as mutually determined by the Company and the Holder. If the Company and the Holder are unable to agree upon the fair market value of such security, then such dispute shall be resolved pursuant to Section 11. All such determinations to be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or other similar transaction during the applicable calculation period.

  • Non-bid Basis means a contract awarded or executed by the Commonwealth with Contractor without seeking bids or proposals from any other potential bidder or offeror.

  • Invitation for Bid (IFB means the solicitation document issued to potential vendors for the purchase of equipment, supplies, and/or services as described in the document. The definition includes these Terms and Conditions as well as all Pricing Pages, Exhibits, Attachments, and Addendums thereto.

  • BC Bid means the BC Bid website located at www.bcbid.ca;

  • Best Bid means the highest posted bid price of the Common Stock.

  • Winning Bidder With respect to a Successful Auction, the Qualified Bidder that bids the highest price.

  • bid means a written offer in a prescribed or stipulated form in response to an invitation by an organ of state for the provision of goods or services, through price quotations, advertised competitive bidding processes or proposals;

  • Binding Effect The provisions, covenants and conditions in this Contract apply to bind the parties, their legal heirs, representatives, successors, and assigns.

  • Fair Valuation means the determination of the value of the consolidated assets of a Person on the basis of the amount which may be realized by a willing seller within a reasonable time through collection or sale of such assets at market value on a going concern basis to an interested buyer who is willing to purchase under ordinary selling conditions in an arm’s length transaction.

  • Lowest Evaluated Bid means a bid for goods, works and services having the lowest evaluated cost among the substantially responsive bids

  • Highest Bidder means the Bidder, who quotes the highest License Fees

  • NMS means NationsBanc Xxxxxxxxxx Securities LLC.

  • Invitation for bids means all documents, whether attached or incorporated by reference, utilized for soliciting bids.

  • Ask means the higher price in a Quote at which the price the Client may buy.

  • Buy Bid means a bid to buy Capacity Resources in any Incremental Auction.

  • Best execution means prompt and reliable execution at the most favorable security price, taking into account the other provisions hereinafter set forth. The determination of what may constitute best execution and price in the execution of a securities transaction by a broker involves a number of considerations, including, without limitation, the overall direct net economic result to the Fund (involving both price paid or received and any commissions and other costs paid), the efficiency with which the transaction is effected, the ability to effect the transaction at all where a large block is involved, availability of the broker to stand ready to execute possibly difficult transactions in the future, and the financial strength and stability of the broker. Such considerations are judgmental and are weighed by the Manager in determining the overall reasonableness of brokerage commissions.

  • Qualified Bidder As defined in Section 7.01(c).

  • Technically Qualified Bidder means a Bidder whose Techno-Commercial Bid is responsive and meets the requirements to the satisfaction of OMC as per terms and condition of the Bid document and is qualified for opening of its Price Bid;

  • Bid Price means, for any date, the price determined by the first of the following clauses that applies: (a) if the Common Stock is then listed or quoted on a Trading Market, the bid price of the Common Stock for the time in question (or the nearest preceding date) on the Trading Market on which the Common Stock is then listed or quoted as reported by Bloomberg L.P. (based on a Trading Day from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)), (b) if OTCQB or OTCQX is not a Trading Market, the volume weighted average price of the Common Stock for such date (or the nearest preceding date) on OTCQB or OTCQX as applicable, (c) if the Common Stock is not then listed or quoted for trading on OTCQB or OTCQX and if prices for the Common Stock are then reported on the Pink Open Market (or a similar organization or agency succeeding to its functions of reporting prices), the most recent bid price per share of the Common Stock so reported, or (d) in all other cases, the fair market value of a share of Common Stock as determined by an independent appraiser selected in good faith by the Holders of a majority in interest of the Warrants then outstanding and reasonably acceptable to the Company, the fees and expenses of which shall be paid by the Company.

  • Highest-level owner means the entity that owns or controls an immediate owner of the offeror, or that owns or controls one or more entities that control an immediate owner of the offeror. No entity owns or exercises control of the highest level owner.

  • Decrement Bid means a type of Virtual Transaction that is a bid to purchase energy at a specified location in the Day-ahead Energy Market. A cleared Decrement Bid results in scheduled load at the specified location in the Day-ahead Energy Market.

  • Submitted Bid has the meaning specified in Section 11.10(d)(i) below.