Out Bid definition

Out Bid means a bid in an Auction, which is Accepted and higher than the winning bid in such Auction;
Out Bid means that your existing bid is no longer in the running for a COE as the Current COE Price(CCP) is higher than your reserve price. If you wish to get a COE at the current bidding exercise, you will need to revise your reserve price upwards.

Examples of Out Bid in a sentence

  • Name of BidderRead Out Bid PriceEvaluated PriceReason for RejectionPelfaco LimitedNGN3,601,278,446.2NGN3,601,278,446.2Technically Not ResponsiveCOBEF International Limited and DarycetInternational limited NGN3,996,311,215.11 NGN3,809,500,608.54Technically Not ResponsiveContract Title: Package 2 - Lot 2 (Borikiri)- Laying of Transmission & DistributionPipelines in Borikiri, Construction of Elevated Water Tank (EWT) & Construction & Rehabilitation of Tanks & Miscellaneous Buildings 1.

  • The Company shall pay Executive a base salary (the "Base Salary") at an annual rate of US$200,000.

  • EVALUATED BIDS Name of BidderRead Out Bid PriceEvaluated PriceReason for RejectionCGC Nigeria LimitedNGN847,518,089.92 and US$11,279,369.14NGN4,309,156,478.99Accepted for Award of Contract Mothercat Limited NGN4,554,366,186.03 NGN4,554,366,186.03Bid Price Higher Than Awarded Contract Commercially Not Responsive 3.

Related to Out Bid

  • Best Bid means the highest posted bid price of the Common Stock.

  • Buy Bid means a bid to buy Capacity Resources in any Incremental Auction.

  • Credit Bid means, an offer submitted by Agent (on behalf of the Lender group), based upon the instruction of the Required Lenders, to acquire the property of any Loan Party or any portion thereof in exchange for and in full and final satisfaction of all or a portion (as determined by Agent, based upon the instruction of the Required Lenders) of the claims and Obligations under this Agreement and other Loan Documents.

  • Proposal / Bid means the technical proposal and the commercial/financial proposal.

  • Decrement Bid means a type of Virtual Transaction that is a bid to purchase energy at a specified location in the Day-ahead Energy Market. A cleared Decrement Bid results in scheduled load at the specified location in the Day-ahead Energy Market.

  • BC Bid means the BC Bid website located at www.bcbid.ca;

  • Take-over Bid means an Offer to Acquire Voting Shares or Convertible Securities, if, assuming that the Voting Shares or Convertible Securities subject to the Offer to Acquire are acquired and are Beneficially Owned at the date of such Offer to Acquire by the Person making such Offer to Acquire, the Voting Shares Beneficially Owned by the Person making the Offer to Acquire would constitute in the aggregate 20% or more of the outstanding Voting Shares at the date of the Offer to Acquire;

  • Highest Bidder means the Bidder, who quotes the highest License Fees

  • Price Bid means the Price Bid submitted by the Bidder, in accordance with Clause 8.15.2;

  • Base Bid means a Bid for Public Works to be performed or Supplies or Services to be furnished under a City Contract, including additives, alternates, deductives, excluding force accounts, and taxes collected separately pursuant to Washington Administrative Code (“WAC”) 458-20-171.

  • Contract base bid means the total dollar amount a contractor bids on a contract without factoring any bid incentive or percentage reductions to the bid amount.

  • Takeover Bid means a "take-over bid" as defined in the ASA pursuant to which the "offeror" would as a result of such takeover bid, if successful, beneficially own, directly or indirectly, in excess of 50% of the Outstanding Securities;

  • Successful Bid means the Bid of the Successful Bidder for acquisition of the Corporate Debtor on Going Concern basis as declared by the Liquidator as per this Process Memorandum;

  • Submitted Bid has the meaning specified in Section 11.10(d)(i) below.

  • Technical Bid means the bid submitted online through the electronic bidding platform, containing the documents as listed out in Clause 2.5.2 of this RFP;

  • issuer bid means an offer to acquire or redeem securities of an issuer made by the issuer to one or more persons, any of whom is in the local jurisdiction or whose last address as shown on the books of the offeree issuer is in the local jurisdiction, and also includes an acquisition or redemption of securities of the issuer by the issuer from those persons, but does not include an offer to acquire or redeem, or an acquisition or redemption if

  • Tenderer/Bidder means the firm or Company (hereinafter called Tenderer/ Bidder) who duly submits the tender after accepting all the terms & conditions of the tender document.

  • Eligible bidder means a person who is:

  • Successful Bidder(s) means the bidder(s) to whom work in this tender is awarded.

  • Permitted Bid means a Take-over Bid made by an Offeror by way of take-over bid circular which also complies with the following additional provisions: (i) the Take-over Bid is made to all holders of Voting Shares as registered on the books of the Corporation, other than the Offeror; (ii) the Take-over Bid contains, and the take-up and payment for securities tendered or deposited is subject to, an irrevocable and unqualified provision that no Voting Shares will be taken up or paid for pursuant to the Take-over Bid: (A) prior to the close of business on the date which is not less than 105 days following the date of the Take-over Bid or such shorter minimum period that a take-over bid that is not exempt from any of the requirements of Division 5 Bid Mechanics of NI 62-104 must remain open for deposits of securities, in the applicable circumstances at such time, pursuant to NI 62-104 and (B) only if, at the close of business on the date the Voting Shares are first taken up or paid for under such Take-over Bid, more than 50% of the Voting Shares held by Independent Shareholders shall have been deposited or tendered pursuant to the Take-over Bid and not withdrawn; (iii) unless the Take-over Bid is withdrawn, the Take-over Bid contains an irrevocable and unqualified provision that Voting Shares may be deposited pursuant to such Take-over Bid at any time during the period of time described in Paragraph (A) and that any Voting Shares deposited pursuant to the Take-over Bid may be withdrawn until taken up and paid for; and (iv) unless the Take-over Bid is withdrawn, the Take-over Bid contains an irrevocable and unqualified provision that in the event that the deposit condition set forth in Paragraph (B) is satisfied the Offeror will make a public announcement of that fact and the Take-over Bid will remain open for deposits and tenders of Voting Shares for not less than 10 days from the date of such public announcement;

  • Successful Bidder As defined in Section 7.01(c).

  • Selected Bidder or “Successful Bidder” shall mean the Bidder selected pursuant to this RfS to set up the Project and supply electrical output as per the terms of standard PPA.

  • Servicing-Retained Bid As defined in Section 7.01(c).

  • Qualified Bidder(s means a Bidder who fulfills the eligibility criteria listed out in the E-Auction Process Information Document.

  • Eligible Bidder(s) means Bidder(s) who are eligible in terms of this E-Auction Process Memorandum, provisions of IBC and provisions of the Liquidation Process Regulations;

  • Qualified Bidder As defined in Section 7.01(c).