Examples of Binding Offer in a sentence
No withdrawal of Offer shall be permissible during the Period of the Validity of the Binding Offer.
Any Binding Agreement that is settled in accordance with paragraph 17(a) and executed or any Binding Offer that is selected as a successful bid in accordance with paragraph 17(b) shall be a “ Successful Bid”.
The Receiver, Broker, Legal Owners and Beneficial Owners and their respective representatives and advisors shall have no liability or obligations whatsoever to any party or person in connection the Sale Process, including but not limited to arising from any rejection of any Bid, Qualified Bid or Binding Offer.
Any withdrawal/ modification of a Binding Offer by the Bidder shall entail cancellation of Registration of such entity and also revocation of the special status (if any) of such entity.
The Binding Offer cannot be modified for a maximum period of twenty-four (24) hours of its receipt by the Supplier, within which the Supplier may either accept or decline the booking request.