Reserve Bidder definition
Reserve Bidder means the Qualifying Bidder determined by Ofgem, in its sole discretion and following its evaluation of the Bids received (and any BAFO Submissions requested), as the second choice Qualifying Bidder to which Ofgem would consider granting the Offshore Transmission Licence should Ofgem ultimately decide not to grant the Offshore Transmission Licence to the Preferred Bidder;
Reserve Bidder means a qualifying bidder determined as a reserve bidder in accordance with regulation 20(5) in relation to the best and final offer stage or regulation 19(3) in any other case;
Reserve Bidder means the Qualifying Bidder determined by Ofgem, in its sole discretion and following its evaluation of the Bids received (and any
Examples of Reserve Bidder in a sentence
JuneAugust 2016 Member decisions in each borough on Preferred and Reserve Bidder status.
Following the Sale Hearing, if any Successful Bidder fails to consummate the closing of the transactions contemplated in the Agreement because of a breach or failure to perform on the part of such Successful Bidder, the Debtor will be authorized, but not required, to consummate the transactions contemplated in the Reserve Bid(s) with a Reserve Bidder without further order of the Court.
More Definitions of Reserve Bidder
Reserve Bidder. - means the Bidder that has been selected by TNPA
Reserve Bidder means a qualifying bidder determined as a reserve bidder in accordance with regulation 17(2);
Reserve Bidder means a Qualifying Bidder determined as a Reserve Bidder in accordance with regulation or 16(4) or 17(5) of the 2010 Regulations, or regulation 18(3) or 19(5) of the 2013 Regulations.
Reserve Bidder means the Bidder that will stand by in case they are required to step in should one of the selected Bidders withdraw within the early stages of the dialogue.
Reserve Bidder means the second ranked Pre-Qualified Bidder or the Prospective Bidder whose evaluated bid is the second best offer pursuant to the technical and financial proposal evaluation and who also meets all the terms and conditions of the Tender Documents;