Examples of Final Letter of Intent in a sentence
Upon declaration of the Successful Bidder, the Lead Bank shall issue a Final Letter of Intent to the Successful Bidder, on behalf of the Lenders.
In case the Bidder that has submitted the Bid Guarantee is not selected as the Successful Bidder, the Bid Guarantee submitted by it shall be returned (without interest) within 30 (thirty) days of date of the acceptance of Final Letter of Intent by the Successful Bidder.
The determination of any such ambiguity shall be undertaken by Lenders and shall be final and binding on the Bidder and not be subject to any challenge; (b) non-receipt of the Final Letter of Intent issued by the Lenders; or (c) the Successful Bidder not accepting additional material terms stipulated by the Lenders to the Bid, pursuant to negotiations with the Successful Bidder.
The Final Letter of Intent shall be issued based on the approvals from the competent authority of the respective Lenders.
The Successful Bidder shall record such acceptance by providing the Lead Lender with 1 (one) copy of the Final Letter of Intent with an endorsement stating that the Final Letter of Intent is ‘ Accepted Unconditionally’, and should have the signature of the authorized signatory of the Successful Bidder.
The Successful Bidder shall record such acceptance by providing the Resolution Advisors with 1 (one) copy of the Final Letter(s) of Intent with an endorsement stating that the Final Letter of Intent is ‘ Accepted Unconditionally’, and should have the signature of the authorized signatory of the Successful Bidder.
For the avoidance of doubt, the terms and conditions set out under this Bid Document shall be applicable to the Final Letter of Intent to be issued by the Lead Bank on behalf of the Lenders to the Successful Bidder.
The Bid Guarantee of the Bidder who has not been selected as the Successful Bidder, shall be returned (without interest) within 30 (thirty) days of date of the issuance of Final Letter of Intent to the Successful Bidder.
The Final Letter of Intent shall be issued based on the internal approvals of the respective Lenders.
Unless extended by mutual agreement, the authorized agents of the parties will proceed with all due diligence to execute a Definitive Agreement to be completed and ready for submission to the public and Board of County Commissioners no later than May 23, 2018 upon written notification of acceptance of the OPF and Final Letter of Intent, as submitted and/or as subsequently modified through mutually accepted terms between the parties.