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 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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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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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.

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

  • 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.

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

  • Failure to complete the template as provided in this annex and sign accordingly may result in the Binding Bid Form being rejected in accordance with section 5.2.3 of the Binding Phase Notice.

  • By submitting the Binding Bid, the Preselected agrees and accepts that they shall guarantee for all obligations of the SPV under the terms of the MDFA, and shall secure the Project’s financing through equity or debt arrangements, if they are chosen as the Development Partner.SPV and the Development Partner shall jointly ensure the timely requests for issuance of all authorizations and approvals needed for the construction, total completion, and operation of the Project.


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

  • 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;

  • 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.

  • 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.

  • 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.

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

  • Invitation for Bid means and include the present document, and such other complements and agenda, which may subsequently be issued in this connection.

  • Permitted Bid means a Take-over Bid made by an Offeror by way of take-over bid circular which also complies with the following additional provisions: (i) the Take-over Bid is made to all holders of Voting Shares as registered on the books of the Corporation, other than the Offeror; (ii) the Take-over Bid contains, and the take-up and payment for securities tendered or deposited is subject to, an irrevocable and unqualified provision that no Voting Shares will be taken up or paid for pursuant to the Take-over Bid: (A) prior to the close of business on the date which is not less than 105 days following the date of the Take-over Bid or such shorter minimum period that a take-over bid that is not exempt from any of the requirements of Division 5 Bid Mechanics of NI 62-104 must remain open for deposits of securities, in the applicable circumstances at such time, pursuant to NI 62-104 and (B) only if, at the close of business on the date the Voting Shares are first taken up or paid for under such Take-over Bid, more than 50% of the Voting Shares held by Independent Shareholders shall have been deposited or tendered pursuant to the Take-over Bid and not withdrawn; (iii) unless the Take-over Bid is withdrawn, the Take-over Bid contains an irrevocable and unqualified provision that Voting Shares may be deposited pursuant to such Take-over Bid at any time during the period of time described in Paragraph (A) and that any Voting Shares deposited pursuant to the Take-over Bid may be withdrawn until taken up and paid for; and (iv) unless the Take-over Bid is withdrawn, the Take-over Bid contains an irrevocable and unqualified provision that in the event that the deposit condition set forth in Paragraph (B) is satisfied the Offeror will make a public announcement of that fact and the Take-over Bid will remain open for deposits and tenders of Voting Shares for not less than 10 days from the date of such public announcement;

  • Sufficient Clearing Bids has the meaning specified in Section 11.10(d)(i) below.

  • BC Bid Website means www.bcbid.gov.bc.ca;