Competitive Auction definition

Competitive Auction means an Auction whereby LCH SA requests a single price for a Liquidation Portfolio and the winning bid is the most competitive one;
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Competitive Auction means an Auction whereby LCH SA requests a single price for a Special Clearing Member Portfolio and the winning bid is the most competitive one;
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Examples of Competitive Auction in a sentence

  • The share of each Lender shall be credited to such Lender by the New York Managing Agent in immediately available funds in such manner that the principal amount of the Credit Obligations to be paid shall be paid proportionately in accordance with the Lenders' respective Percentage Interests in such Credit Obligations, except as otherwise provided in this Agreement (including with respect to Competitive Auction Facility Loans).

  • Subject to Section 2.4.4, the Company will apply the proceeds of the Competitive Auction Facility Loan for working capital and other lawful corporate purposes of the Company and its Subsidiaries.

  • Competitive Auction If the number of potential buyers/lessees exceeds the number of contracts to be awarded, bidding in a competitive auction can be used to make a selection and to establish compensation levels.

  • No Competitive Auction Facility Loan may be prepaid by the Company.

  • The stated maturity date of each Competitive Auction Facility Loan shall be the applicable Competitive Auction Facility Loan Maturity Date for such Competitive Auction Facility Loan.

  • The Company will pay interest on each Competitive Auction Facility Loan to the New York Managing Agent for the benefit of the applicable Lender at the rate and on the dates specified in Section 2.3.5(b).

  • The JGB Market Special Participants who participate in the auction are able to bid up to the 15% of one's total successful biddings in the price-competitive auction and Non-Price Competitive Auction I.

  • Each Lender may, in its sole and absolute discretion, respond to such invitation by submitting a bid by telex or telecopy notice to the New York Managing Agent no later than 10:00 a.m. (New York time) on the proposed Competitive Auction Facility Loan Closing Date.

  • Note.2: Time in paranthesis refers to the time for Treasury Discount Bills.Note.3: Non-Price Competitive Auction II is an auction carried out after the competitive auction is finished.

  • These auctions enable Special Participants to obtain JGBs at the weighted average accepted price at a competitive price auction, up to a purchasing limit preset for each Participant on the basis of past successful bid (Non-Price Competitive Auction I) and past subscriptions (Non-Price Competitive Auction II).・Participation in Auctions for Enhanced-Liquidity:The Special Participants can take part in Auctions for Enhanced-Liquidity that are designed to maintain and improve liquidity on the JGB market.

Related to Competitive Auction

  • Competitive solicitation means a formal, advertised procurement process, other than an Invitation to Bid, Request for Proposals, or Invitation to Negotiate, approved by the Board to purchase commodities and/or services which affords vendors fair treatment in the competition for award of a District purchase contract.

  • Absolute Rate Auction means a solicitation of Money Market Quotes setting forth Money Market Absolute Rates pursuant to Section 2.03.

  • Competitive Position means any employment with a Competitor in which Executive will use or is likely to use any Confidential Information or Trade Secrets, or in which Executive has duties for such Competitor that relate to Competitive Services and that are the same or similar to those services actually performed by Executive for the Company;

  • Competitive negotiation means a procedure for contracting for supplies, materials, equipment or contractual services, in which proposals are solicited from qualified suppliers by a request for proposals, and changes may be negotiated in proposals and prices after being submitted.

  • Competitive Sealed Bidding means the competitive process described within an Invitation for Bids, wherein the City invites Offerors to submit bids to supply the City with the Goods and/or Service describes in the Solicitation document, where the City will award the resulting contract to the responsible Offeror submitting the low responsive bid.

  • Competitive Process means either an Open Competition or an Invitational Competition;

  • Competitive Activity will not include (i) the mere ownership of securities in any such enterprise and the exercise of rights appurtenant thereto or (ii) participation in the management of any such enterprise other than in connection with the competitive operations of such enterprise.

  • Competitive contracting means the method described in sections 45 through 49 of P.L.1999, c.440 (C.18A:18A-4.1 through C.18A:18A-4.5) of contracting for specialized goods and services in which formal proposals are solicited from vendors; formal proposals are evaluated by the purchasing agent or counsel or School Business Administrator; and the Board awards a contract to a vendor or vendors from among the formal proposals received.

  • Open Competitive Bidding means a fair and transparent specified procedure defined under these Rules, advertised in the prescribed manner, leading to the award of a contract whereby all interested persons, firms, companies or organizations may bid for the contract and includes both National and International Competitive Biddings;

  • Competitive service means any service offered by an electric

  • Competitive Bid Borrowing means a borrowing consisting of simultaneous Competitive Bid Advances from each of the Lenders whose offer to make one or more Competitive Bid Advances as part of such borrowing has been accepted under the competitive bidding procedure described in Section 2.03.