Binding Bids definition

Binding Bids means bids submitted by Shippers for Incremental Capacity in an ICAM which are not subject to any conditions;
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Binding Bids has the meaning set forth in Section 4.12.
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Binding Bids 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 Auction Notice issued by GLNG);
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Examples of Binding Bids in a sentence

  • SRG and DESFA will each verify the EVT with the lowest Offer Level meeting the maximum amount of Binding Bids at each IP.

  • In the event a bid bond is required under this Solicitation, all such bonds shall be retained by the HAS until the Contract is executed or until such time that a Bidder requests its bid to be withdrawn in accordance with Section 8.5 (Binding Bids) of this Solicitation.

  • For Binding Bids that do not meet these requirements the TSOs shall apply the lesser rule.Participants shall specify in each Binding Bid:• The capacity requested (in kWh/day).

  • Lodgement of submissions closed on 7 November 2008 and the following Proponents submitted Binding Bids for the SEQ Schools PPP Project.

  • GASTRANS d.o.o. may use the data from the Binding Bids submitted upon this Invitation in preparing the feasibility studies for the New Interconnector, as well as in the procedures before the authorities of the Republic of Serbia and competent international bodies and their members that are entitled to participate in the deciding on the exemption of the New Interconnector pursuant to the Energy Law.

  • The Seller plans to select 3-4 highest-quality non-binding proposals and invite the selected bidders to perform due diligence of the Company and deliver Binding Bids.

  • The Procurement Administrator will take reasonable precautions and use reasonable efforts to maintain the confidentiality of all Pre-Qualification Applications and Binding Bids submitted.

  • The Bidders whose Binding Bids have not been accepted are entitled to file a complaint to GASTRANS d.o.o. The Bidders have three (3) working days from the receipt of the notification on non-acceptance of the Binding Bid to file a complaint.

  • During the Binding Bidding Phase, Participants will have to submit their Binding Bids for incremental capacity products to both TSOs. Binding Bids at both TSOs for the IP should match, having identical start and end dates, and identical capacity requested per gas year.

  • The final allocation and publication to the relevant Applicant respecting keeping the confidentiality of results shall be done and notified by each of the Parties by the closing of the Auction Platform or in case of pro-rata allocation till 12:00 CET 19th of May 2015 (“Final Allocation”) which is the binding acceptance of the Binding Bids.

Related to Binding Bids

  • 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;

  • Bids means the Techno Commercial Bid submitted by the Bidder along with all documents / credentials / attachments annexure etc., in response to this RFQ, in accordance with the terms and conditions hereof.