Competitive Sale definition
Competitive Sale means a bond issuance in which the costs of borrowing are determined through bids received for the corporation's bonds;
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.
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.
Examples of Competitive Sale in a sentence
Example 1 - The First Competitive Sale occurs in November of 2007 and the competitive Product remains on the market thereafter.
During the Minimum Royalty Term, and commencing with the first Calendar Year after the First Competitive Sale, EES shall pay Licensor the minimum annual royalties as set forth in the following schedule.
Licensor shall give written notice to EES showing evidence reasonably satisfactory to EES that the First Competitive Sale has occurred.
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.