Competitive sale definition

Competitive sale means a sale of bonds by an issuer to an underwriter that is the winning bidder in a bidding process in which the issuer offers the bonds for sale to underwriters at speci- fied written terms, if that process meets the following requirements:
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Competitive sale means a bond issuance in which the costs of borrowing are determined through bids received for the corporation's bonds;
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Competitive sale means a method, chosen by the Issuer, of effecting a Sale of Debt with a Creditor selected through a formal competitive process among multiple potential Creditors.
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Examples of Competitive sale in a sentence

  • Vendors of professional services affected by the waiver will be employed and compensated by the project sponsor and not by the authority.6.5(3) Competitive sale of obligations.

  • Operating plans must be sub- mitted by the purchaser, permittee, or prospecting permittee, except as noted in § 228.64(b).Types and Methods of Disposal§ 228.57 Types of disposal.Except as provided in § 228.41(b), dis- posal of mineral materials may be made by:(a) Competitive sale to the highest qualified bidder after formal adver- tising and other appropriate public no- tice;(b) Sale by negotiated contract.

  • Three primary methods exist for the sale of municipal debt: • Competitive sale.

  • Competitive sale is TriMet’s preferred method of sale for senior lien payroll tax bonds.

  • Competitive sale of real or long-term financial assets for money may revolve into a mad dash.Distress is the preceding period of a classic crisis.

  • Subject to approval by board of mayor and aldermen, the town administrator and finance director will determine the method of issuance of debt on a case-by-case basis consistent with the options provided by prevailing state law.(1) Competitive sale.

  • In addition, the Corporations Act requires the directors of Devine to provide a Target's Statement to Devine Shareholders in response to this Bidder's Statement, setting out certain material information concerning Devine.

  • Second Series E – up to $250,000,000* - CompetitivePursuant to State Finance and Procurement Article, Section 8-131, Public, Competitive sale of Refunding Bonds, in maturities and amounts to be determined by the Treasurer, on Wednesday, August 1, 2012, at 11:15 a.m. by electronic bid.

  • Second Series C – up to $400,000,000* - Competitive SalePursuant to State Finance and Procurement Article, Section 8-131, Public, Competitive sale of Refunding Bonds, in maturities and amounts to be determined by the Treasurer, on Wednesday, July 23, 2014, at 10:45 a.m. by electronic bid and subject to the approval of the Board.

  • Operating plans must be sub- mitted by the purchaser, permittee, or prospecting permittee, except as noted in § 228.64(b).Types and Methods of Disposal§ 228.57 Types of disposal.Except as provided in § 228.41(b), dis- posal of mineral materials may be made by:(a) Competitive sale to the highest qualified bidder after formal adver-36 CFR Ch. II (7–1–12 Edition)tising and other appropriate public no- tice;(b) Sale by negotiated contract.


More Definitions of Competitive sale

Competitive sale means issuing debt through a competitive bidding process. Bids are awarded on a true interest cost basis (TIC), or other method deemed appropriate based on then- current market practices, provided other bidding requirements are satisfied.
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Competitive sale means a Bond or Note issuance where NEORSD (along with its financial advisors and Bond Counsel) structures a Bond or Note sale and offers the securities for sale through a competitive bidding process.
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Related to Competitive sale

  • Competitive Set As defined in the STR Reports. Lessor and Lessee shall work in good faith to determine any additions and deletions to the Hotel’s Competitive Set, on or before November 15th of each year, with such changes to be applicable for the following Fiscal Year. In the event Lessor and Lessee cannot agree to the Hotel’s Competitive Set by November 15th of any year, such unagreed items shall be determined by Xxxxx Travel Research (or, if it refuses or is unable to do so, by arbitration pursuant to Section 25.2). The costs of resetting the Hotel’s Competitive Set shall be borne equally by the parties.

  • Competitive service means any service offered by an electric

  • Competitive Business means any person or entity that engages in any business activity that competes with the Company’s business in any way, in any geographic area in which the Company engages in business, including, without limitation, any state in the United States in which the Company sells or offers to sell its products from time to time.

  • Competitive Product means a product or service, made or provided by a Competitor, which is the same as or is directly competitive with one with respect to which the Employee acquired confidential information relating to the Company, or its business, products or services by reason of the Employee's work with the Company.

  • Competitive Services means engaging in the business of commercial and mortgage banking, including, without limitation, originating, underwriting, closing and selling loans, receiving deposits, as well as the business of providing any other activities, products, or services of the type routinely conducted, offered, or provided by Employer as of or during the two years immediately prior to the Date of Termination.

  • Competitive Products shall include any product or service that directly or indirectly competes with, is substantially similar to, or serves as a reasonable substitute for, any product or service in research, development or design, or manufactured, produced, sold or distributed by the Company;

  • 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.

  • 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 Business Activity means:

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

  • 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 Entity means any person, entity or business that (i) competes with any of the Company’s or any of its affiliate’s programming or other existing businesses, nationally or regionally; or (ii) directly competes with any other business of the Company or one of its subsidiaries that produced greater than 10% of the Company’s revenues in the calendar year immediately preceding the year in which the determination is made. Ownership of not more than 1% of the outstanding stock of any publicly traded company shall not, by itself, be a violation of this paragraph. This agreement not to compete will expire on the first anniversary of the date on which your employment with the Company has terminated if such termination occurs prior to the Expiration Date.

  • Competitive Range means the responsive submissions that meet the evaluation criteria and are considered to be reasonably susceptible of award.

  • Competitive Activities means any business activities in which the Company or any other member of the Company Group engage (or have committed plans to engage) during the Term of Employment, or, following termination of Employee’s employment hereunder, was engaged in business (or had committed plans to engage) at the time of such termination of employment.

  • Competitive Activity means any business or activity of Executive or any third party that is the same as the Business or competitive with the Business.

  • 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 when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans constituting such Borrowing, are made pursuant to Section 2.04.

  • Competitive Enterprise means a business enterprise that engages in, or owns or controls a significant interest in any entity that engages in, the performance of services of the type provided by the Company, its Affiliates and/or their predecessors. “Competitive Enterprise” shall include, but not be limited to, the entities set forth on the list maintained by the Company on the myHoldings website, which list may be updated by the Company from time to time.

  • Competitive employment means work in the competitive labor market that is performed on a full-time or part-time basis in an integrated setting and for which the client is compensated at or above the minimum wage, but not less than the customary wage and level of benefits paid by the employer for the same or similar work performed by individuals who are not disabled.

  • Competing Activity means the providing of services or performance of activities for a Competitive Enterprise in a line of business that is similar to any line of business to which the Executive provided services to the Firm in a capacity that is similar to the capacity in which the Executive acted for the Firm while employed by the Firm, and (ii) “Competitive Enterprise” shall mean a business (or business unit) that (A) engages in any activity or (B) owns or controls a significant interest in any entity that engages in any activity, that in either case, competes anywhere with any activity in which the Firm is engaged up to and including the Executive’s Date of Termination. Further, notwithstanding anything in this Section 5, the Executive shall not be considered to be in violation of this Section 5 solely by reason of owning, directly or indirectly, any stock or other securities of a Competitive Enterprise (or comparable interest, including a voting or profit participation interest, in any such Competitive Enterprise) if the Executive’s interest does not exceed 5% of the outstanding capital stock of such Competitive Enterprise (or comparable interest, including a voting or profit participation interest, in such Competitive Enterprise).

  • Competing Transaction has the meaning set forth in Section 6.1(n).

  • Competing Product means [***].

  • Anti-competitive practice means any collusion, bid rigging or anti- competitive arrangement, or any other practice coming under the purview of the Competition Act, 2002, between two or more bidders, with or without the knowledge of the Bank, that may impair the transparency, fairness and the progress of the procurement process or to establish bid prices at artificial, non- competitive levels;

  • Competing Products means any product or service in existence or under development that competes with any product or service of the Company Group about which the Participant obtained Confidential Information or for which the Participant provided advisory services or had sales, origination, marketing, production, distribution, research or development responsibilities in the last twenty-four (24) months of employment with the Company Group.

  • 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.

  • Competing Offer means a Tender Offer for Units which (i) is Commenced prior to the expiration of the Offer by a Person that is not an Affiliate (or in the case of Waltxx Xxxeet, as to its Associates only) of any Partner and (ii) has a cash purchase price per Unit that is at least 2% (10% with respect to the first Competing Offer made following the Offer by the Partnership)