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

  • Competitive sale made, directed, or authorized by the Contracting Officer.

  • Competitive sale made, directed, or au- thorized by the Contracting Officer.

  • 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.

  • Competitive sale made, directed, or authorized by the Contracting Officer; (11) Country of origin; and (12) Scheduled delivery date(s).

  • Competitive sale shall be used for all general obligation debt issuances of the City of Tulsa.

  • A Negotiated Bond Sale has many similar steps to a Competitive sale: 1.

  • The alternatives considered are: • Competitive sale as mandated by section 540 of P.L. 110-329, as amended• DHS retention and reuse of the property• Property Act Disposition Authority (116 Stat.

  • Competitive sale is the preferred method of sale; however, negotiated sales may occur for a current or advance refunding, or for other appropriate reasons.

  • Each and all of the terms and provisions set forth in the official terms of offering are adopted and confirmed as the terms and conditions of the bonds and the sale thereof, and the city council shall meet at the time and place fixed herein to consider proposals for the purchase of the bonds; (c) Competitive sale of bonds.

  • Three general methods exist for the sale of municipal bonds: Competitive sale.


More Definitions of Competitive sale

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

  • 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 Purchaser, that may impair the transparency, fairness and the progress of the procurement process or to establish bid prices at artificial, non-competitive levels;