RECIPROCAL PREFERENCE definition

RECIPROCAL PREFERENCE means a preference provided to a resident bidder of Kentucky as described in KRS 45A.494 against a nonresident bidder registered in any state that gives or requires a preference to bidders from that state. The preference shall be equal to the preference given or required by the state of the nonresident bidder.
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Examples of RECIPROCAL PREFERENCE in a sentence

  • RECIPROCAL PREFERENCE LAWOregon’s reciprocal preference law, ORS 279A.120 and ORS 279A.125, requires public contracting agencies, in determining the lowest responsible bidder, to add a percent increase to each out-of-state bidder’s bid price that is equal to the percent of preference given to local bidders in the bidder’s home state.

  • PROVISIONS CONCERNING OREGON RECIPROCAL PREFERENCE LAW (See ORS 279A.120 and PWSCS 103.15)Oregon’s reciprocal preference law, ORS 279A.120 and ORS 279A.125, requires the City, in determining the lowest responsible bidder, to add a percent increase to the Bid of a Nonresident Bidder equal to the percent, if any, of the preference given to the Bidder in the state in which the Bidder resides.

  • RECIPROCAL PREFERENCE: G.S. 143-59 establishes a reciprocal preference requirement to discourage other states from favoring their own resident Vendors by applying a percentage increase to the price of any bid from a North Carolina resident Vendor.

  • RECIPROCAL PREFERENCE LAWOregon’s reciprocal preference law, ORS 279A.120 and ORS 279A.125, requires public contracting agencies, in determining the lowest responsible bidder, to add a percent increase to each out-of-state bidder’s bid price which is equal to the percent of preference given to local bidders in the bidder’s home state.

  • Employer Matching Contributions: For each Plan Year the Employer may make an Employer Matching Contribution to the Trust based on Employee Elective Deferrals.

  • RECIPROCAL PREFERENCE FOR RESIDENT CONTRACTORSIn accordance with RCW 39.04.380 the State of Washington is enforcing a Reciprocal Preference for Resident Contractors.

  • RECIPROCAL PREFERENCE (1) Prior to a contract being awarded to the lowest responsible and responsive bidder on a contract by a public agency, a resident bidder of the Commonwealth shall be given a preference against a nonresident bidder registered in any state that gives or requires a preference to bidders from that state.

  • RECIPROCAL PREFERENCE: The State of Montana applies a reciprocal preference against a vendor submitting a bid from a state or country that grants a residency preference to its resident businesses.

  • CALENDAR days) 10 Points TOTAL POINTS AVAILABLE 100 Points 5.3 RECIPROCAL PREFERENCE Best Value scoring is subject to Reciprocal preference for Kentucky resident bidders (KRS 45A.494 and 200 KAR 5:400) and Preference for a Qualified Bidder or the Department of Corrections, Division of Prison Industries (KRS 45A.485 and KAR 200 5:410).

  • TOTAL POINTS AVAILABLE 100 Points 5.3 RECIPROCAL PREFERENCE Best Value scoring is subject to Reciprocal preference for Kentucky resident bidders (KRS 45A.494 and 200 KAR 5:400) and Preference for a Qualified Bidder or the Department of Corrections, Division of Prison Industries (KRS 45A.485 and KAR 200 5:410).

Related to RECIPROCAL PREFERENCE

  • first preference means the figure “1” or any mark or word which clearly indicates a first (or only) preference,

  • Series C Liquidation Preference means a liquidation preference for each Series C Preferred Unit initially equal to $25.00 per unit (subject to adjustment for any splits, combinations or similar adjustments to the Series C Preferred Units), which liquidation preference shall be subject to increase by the per Series C Preferred Unit amount of any accumulated and unpaid Series C Distributions (whether or not such distributions shall have been declared).

  • Series A Liquidation Preference means a liquidation preference for each Series A Preferred Unit initially equal to $25.00 per unit, which liquidation preference shall be subject to increase by the per Series A Preferred Unit amount of any accumulated and unpaid Series A Distributions (whether or not such distributions shall have been declared).

  • Series B Liquidation Preference means a liquidation preference for each Series B Preferred Unit initially equal to $25.00 per unit, which liquidation preference shall be subject to increase by the per Series B Preferred Unit amount of any accumulated and unpaid Series B Distributions (whether or not such distributions shall have been declared).

  • Preference Share means a preference share of a par value of US$0.0001 in the share capital of the Company.

  • Series C Preferred means the Company's Series C Preferred Stock, par value $0.01 per share.

  • Initial Liquidation Preference means one thousand dollars ($1,000.00) per share of Convertible Preferred Stock.

  • Series D Preferred means the Series D Convertible Preferred Stock of the Company, par value $.01 per share.

  • Preference Amount means any amount previously distributed to an Owner on the Obligations that is recoverable and sought to be recovered as a voidable preference by a trustee in bankruptcy pursuant to the United States Bankruptcy Code (11 U.S.C.), as amended from time to time, in accordance with a final nonappealable order of a court having competent jurisdiction.

  • Liquidation Preference means, with respect to any Series, the amount specified as the liquidation preference per share for that Series in the Appendix for such Series.

  • Preferred Unit means a fractional, undivided share of the Partnership Interests that has distribution rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the Common Units that the General Partner has authorized pursuant to Section 4.2 hereof.

  • Series A Preferred Unit means a Preferred Unit having the designations, preferences, rights, powers and duties set forth in Article XVI.

  • Series A Preferred means the Series A Convertible Preferred Stock of the Company, par value $0.01 per share.

  • Preference Stock means any and all series of preference stock, having no par value, of the Corporation.

  • Preferred Share means a share of stock of the General Partner of any class or series now or hereafter authorized or reclassified that has dividend rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the REIT Shares.

  • Series C Preferred Units shall have the meaning provided in Section 1.

  • Voting Parity Stock means, with regard to any matter as to which the holders of Designated Preferred Stock are entitled to vote as specified in Sections 7(a) and 7(b) of these Standard Provisions that form a part of the Certificate of Designations, any and all series of Parity Stock upon which like voting rights have been conferred and are exercisable with respect to such matter.

  • Existing Preferred Stock means, collectively, the outstanding shares of the Series E 6% Convertible Preferred Stock of the Corporation.

  • Series A Liquidation Value means the sum of the Series A Liquidation Preference and declared and unpaid distributions, if any, to, but excluding, the date of the Dissolution Event on the Series A Preferred Mirror Units.

  • Senior Non Preferred Liabilities means any unsubordinated and unsecured senior non preferred obligations (créditos ordinarios no preferentes) of Banco Santander under Additional Provision 14.2º of Law 11/2015 (including any Notes) and any other obligations which, by law and/or by their terms, and to the extent permitted by Spanish law, rank pari passu with the Senior Non Preferred Liabilities.

  • Final Preference Share Redemption Amount means, subject to the provisions of the Articles and the Conditions, in respect of each Preference Share, an amount expressed in the Settlement Currency determined by the Calculation Agent equal to the Notional Amount multiplied by:

  • Series C or "Series C Equipment Notes" means Equipment Notes issued and designated as "Series C" hereunder, in the Principal Amount and maturities and bearing interest as specified in Section 2.02 and Schedule I hereto under the heading "Series C."

  • Liquidation Preference Amount means $25,000 per share of Series A Preferred Stock.

  • Series C Preferred Stock means shares of the Company’s Series C Preferred Stock, par value $0.001 per share.

  • Safe Preferred Stock means the shares of the series of Preferred Stock issued to the Investor in an Equity Financing, having the identical rights, privileges, preferences and restrictions as the shares of Standard Preferred Stock, other than with respect to: (i) the per share liquidation preference and the initial conversion price for purposes of price-based anti-dilution protection, which will equal the Conversion Price; and (ii) the basis for any dividend rights, which will be based on the Conversion Price.

  • next available preference means a preference which is the second, or as the case may be, subsequent preference recorded in consecutive order for a continuing candidate (any candidate who is deemed to be elected or is excluded thereby being ignored); and