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.
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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);
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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.
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Examples of Binding Bid in a sentence

  • Each Binding bid shall contain a commitment that the Applicant will accept all terms and conditions specified in these Rules without reservation.

  • Together with the Binding bid, the Participant shall submit to MGT the financial security.

  • Together with the Binding bid, the Participant shall submit to Eustream the financial security.

  • 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.

  • If a Binding bid is refused by the any of the Parties, then the Applicant is no longer bound by it.

  • The respective Party shall notify the Applicant in case its Binding bid is refused.

  • Eustream is ready, upon request of a Participant, to calculate the applicable tariff for a capacity for which the Participant is interested to place in his Binding bid.

  • By submitting a valid Binding bid each Applicant is obliged to enter subsequently into corresponding transmission contracts, with Eustream and/or MGT according to respective allocated capacity.

  • In case of a Lot exceeding this limit (in an individual Binding bid), the exceeding part of this Lot shall not be taken into account and the Binding bid of such application shall be reduced correspondingly.


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.
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Related to Binding Bid

  • 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 12. 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.

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

  • 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;

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

  • 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.

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

  • Interested Bidder means any person or persons who have submitted the Request Letter for Participation along with signed Bid Form, notarized affidavit, signed Declaration, requisite Earnest Money and other necessary documents to complete the eligibility check formalities to the satisfaction of the Liquidator.

  • 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 in the “Pink Sheets” published by OTC Markets Group, Inc. (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 Purchasers of a majority in interest of the Securities 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.

  • Proposal / Bid means the technical proposal and the commercial/financial proposal.