Mandatory definition

Mandatory or “(M)” shall mean the Vendor must comply with the requirement, and the Response will be evaluated on a pass/fail basis.

Mandatory the terms “must”, “shall”, “will”, “is required”, or “are required”, identify a mandatory item or factor. Failure to meet a mandatory item or factor will result in the rejection of the Offeror’s proposal.

Mandatory means the terms “must”, “shall”, “will”, “is required”, or “are required”, identify a mandatory item or factor. Failure to meet a mandatory item or factor may result in the rejection of the Offerors proposal, without exception.

Examples of Mandatory in a sentence

• Notwithstanding the foregoing, the Board and/or the Compensation Committee shall have the right to postpone the Executive’s request for the Company to repurchase the Mandatory Buyback Shares if, in the good-faith opinion of the Board and/or Compensation Committee, such repurchase will cause the Company to become insolvent or cause the Company significant financial hardship.

• If any Event of Default occurs, the outstanding principal amount of this Note, plus accrued but unpaid interest, liquidated damages and other amounts owing in respect thereof through the date of acceleration, shall become, at the Holder’s election, immediately due and payable in cash at the Mandatory Default Amount.

• The repurchase by the Company of any additional shares from the Executive beyond the Mandatory Buyback Shares shall be subject to the Executive’s agreement to sell such additional shares, and the Company’s agreement to buy such additional shares, which agreement shall be in writing signed by the Company and the Executive.

• The repurchase price per Mandatory Buyback Share shall be the fair market value of such Mandatory Buyback Shares on the date of repurchase, as determined by the closing price of the Company’s common stock on the principal exchange on which it is traded, or if not traded on an exchange, as determined by the Board of Directors in good faith.

• The Mandatory Arbitration section of this contract is amended to include the following: While arbitration is mandatory, the outcome of any arbitration shall be non-binding on you and us, and either you or we shall, following arbitration have the right to reject the arbitration award and bring suit in a district court of Oklahoma.

More Definitions of Mandatory

Mandatory means that the terms "must", "shall", "will", "is required", or "are required" identify a mandatory item or factor (as opposed to “desirable”). Failure to meet any mandatory item or factor will result in the rejection of the Offeror's proposal.

Mandatory means the terms "must", "shall", "will" and "required" identify a required item or factor. Failure to meet a mandatory item or factor will result in rejection of an Offeror’s proposal.

Mandatory means the terms "must" "shall" "will" "is required" or "are required" identify a mandatory item or factor. Failure to meet a mandatory item or factor will result in the rejection of the bidder's bid.

Mandatory is subject to the conditions detailed in Section 1.

Mandatory means a requirement labeled as such must be present in the proposed solution, exactly as stated, or the solution will not be considered by the Agency. The terms “must,” “shall,” and “will” are considered mandatory.

Mandatory means requirements that are imperative and must be met in order for the proposal to receive consideration.

Mandatory means an essential requirement.