Examples of Proposal Submission Fee in a sentence
The Proponent that achieves Financial Close will not be eligible to receive the Proposal Submission Fee Payment described in RFP Section 10.3.2(1)(b)(ii), but will be permitted to retain any Proposal Submission Fee Advance Payments received.
If the Proponent fails to successfully submit a Proposal that meets the requirements of RFP Section 10.3.2(3), such Proponent may retain any Proposal Submission Fee Advance Payments already made to the Proponent pursuant to this RFP Section 10.3.2, but the Proponent is not eligible for any Proposal Submission Fee Payments.
Each Proposal Submission Fee Advance Payment and Proposal Submission Fee Payment described in RFP Section 10.3.2(1) shall represent full and final satisfaction of any obligation or liability of the Sponsors and the Government of Ontario to the Proponent and Proponent Team Members in connection with this RFP for the time period up until the date of the applicable Release.
If the RFP Process is cancelled at any time, a Proponent is entitled to retain those Proposal Submission Fee Advance Payments and Proposal Submission Fee Payments that have been paid to the Proponent prior to the date of the cancellation in accordance with this RFP Section 10.3.2.
H9.1 As contemplated under Section J3.2 of the Request for Proposals, Design Builder shall, no later than 15 Business Days following written instructions from the City given on or after the Effective Date, pay the Proposal Submission Fee (as that term is defined in the Request for Proposals) amount to each of the eligible unsuccessful Proponents (as that term is defined in the Request for Proposals) as directed by the City.
If a Proponent achieves the Financial Close milestone, the amounts associated with the Proposal Submission Fee Advance Payments and the Proposal Submission Fee Payments that were already paid to such Proponent shall be deducted from its initial Construction Period Payments under the Project Agreement.
For greater certainty, a Proponent shall not be eligible to receive both a Proposal Submission Fee and the compensation contemplated under [Section 2.4(c)] of the Project Agreement.
The Proponent must submit a full and proper Proposal based on factors that include whether the Proposal is compliant with this RFP (as determined in accordance with RFP Section 6.3) and whether the Proposal received a [insert scoring threshold] in order for the Proponent to be entitled to receive the Proposal Submission Fee Payment described in RFP Section 10.3.2(1)(b)(i).
If no Proponents are eligible to receive the Proposal Submission Fee, as determined by the City, then the Cash Allowance Amount will be reduced accordingly.
The Sponsors and the Preferred Proponent must achieve Financial Close in order for the Proponent to be entitled to receive the Proposal Submission Fee Payment described in RFP Section 10.3.2(1)(b)(ii).