Examples of Deferred Award in a sentence
Deferred Award: The City reserves the right to defer award of any contract for a period not to exceed 30 calendar days from the date of opening of proposals.
Deferred Award: The Jurisdiction reserves the right to defer award of any contract for a period not to exceed 60 calendar days from the date of opening of proposals.
Conditions under which Deferred Award Rights become exercisable 2.1 Unless a Deferred Award Right lapses in accordance with term 3.3, it becomes an Exercisable Right upon the first occurring circumstance described in Column 1 of the table set out below.
The Deferred Award Right lapses at the end of its Exercise Period as determined in accordance with term 3.2 and cannot be exercised after that time.
Entitlement 1.1 Subject to term 7, each Deferred Award Right entitles the Holder to acquire, credited as fully paid, one Share at an exercise price per Share of: $1 .