Second Highest Bidder definition

Second Highest Bidder means the Eligible Bidder who submits the second highest Bid Price for the Subsidiary.
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Second Highest Bidder means the Eligible Bidder who is ranked as the second bidder in the tendering process by the bid price to purchase the subsidiary or the tendered items.
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Second Highest Bidder means the bidder placing the next highest bid at the Foreclosure Sale after the Highest Bid, or if HUD rejects the Highest Bidder or the High Bidder, the Second Highest Bidder or succeeding highest bidders as bidders withdraw or do not qualify, to purchase the Project. If contacted by HUD, the Second Highest Bidder or succeeding bidder(s) will be offered the opportunity to purchase the Project and will be given twenty- four (24) hours to submit the earnest money deposit and executed Acknowledgement, and thereafter be deemed to be the Highest Bidder.
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Examples of Second Highest Bidder in a sentence

  • In the event that the Background Checks provide the Agency with an adverse finding in respect of the Second Highest Bidder, then the Agency shall notify the Second Highest Bidder and act in accordance with section 7.3 and the Agency shall proceed to contact the Third Highest Bidder in accordance with section 11.6.

  • If, for whatever reason, the sale does not proceed with the Second Highest Bidder then, subject to these Rules of Tender, the Third Highest Bidder shall have the option, but not the obligation, to complete the purchase of the Subsidiary and the Tendered at the Highest Bid Price.

  • Without limiting the generality of section 15.1 and without prejudice to any of other causes of postponement or cancellation of the Tender set out in these Rules of Tender in the event that a sale to the Highest Bidder, the Second Highest Bidder or the Third Highest Bidder of the Subsidiary is not achievable, in accordance with the requirements of this section 11, then the Agency shall be entitled to postpone or cancel the Tender as it sees fit.

  • The Second Highest Bidder shall notify the Agency, in writing, within 3 Business Days of the Agency communicating its enquiry to Second Highest Bidder, whether the Second Highest Bidder wishes to complete the purchase of the Subsidiary at the Highest Bid Price.

  • In the event that the Background Checks provide the Agency with an adverse finding in respect of the Highest Bidder, then the Agency shall notify the Highest Bidder and act in accordance with section 7.3 and the Agency shall proceed to contact the Second Highest Bidder in accordance with section 11.4.

  • Where the Second Highest Bidder does not wish to complete the purchase of the Subsidiary at the Highest Bid Price the Agency shall proceed to contact the Third Highest Bidder in accordance with section 11.6.

  • If, for whatever reason, the sale does not proceed with the Highest Bidder then, subject to these Rules of Tender, the Second Highest Bidder shall have the option, but not the obligation, to complete the purchase of the Subsidiary and the Tendered at the Highest Bid Price.

  • Subject to section 11.6 and any other requirements set out in these Rules of Tender, the sale of the Subsidiary will be progressed with the Third Highest Bidder in a manner similar to that set out in section 11.5. In such cases the term Second Highest Bidder will be replaced in section 11.5 by the term Third Highest Bidder.

  • In the event that the sale of the Subsidiary is not to be completed with the Highest Winning Bidder, then the PAK will contact the Second Highest Bidder, in writing, to enquire if the Second Highest Bidder wishes to complete the purchase of the Subsidiary at the Highest Bid Price.

  • If the PAK receives no such notification, in writing, from the Second Highest Bidder then the PAK shall be entitled to treat the failure of the Second Highest Bidder to reply as a rejection of the Agency’s invitation to complete the purchase of the Subsidiary at the Highest Bid Price.


More Definitions of Second Highest Bidder

Second Highest Bidder means the Qualifying Bidder who submits the second highest Total Bid Score during the Second Bid Submission Period.
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Second Highest Bidder has the meaning set forth in the Bidding Procedures. “Secured Notes” has the meaning set forth in Section 3.1.
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Second Highest Bidder has the meaning set forth in the Bidding Procedures.
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Related to Second Highest Bidder

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

  • Designated Bidder means (a) an Eligible Assignee or (b) a special purpose corporation that is engaged in making, purchasing or otherwise investing in commercial loans in the ordinary course of its business and that issues (or the parent of which issues) commercial paper rated at least "Prime-1" (or the then equivalent grade) by Xxxxx'x or "A-1" (or the then equivalent grade) by S&P that, in the case of either clause (a) or (b), (i) is organized under the laws of the United States or any State thereof, (ii) shall have become a party hereto pursuant to Section 8.07(d), (e) and (f) and (iii) is not otherwise a Lender.

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

  • Winning Bidder With respect to a Successful Auction, the Qualified Bidder that bids the highest price.

  • 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.

  • Bidder means the legal entity which submits a Bid for consideration by City in accordance with the Invitation For Bid.

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

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

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

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

  • Eligible bidder means a person who is:

  • Bidder/Bidding Company means Bidding Company submitting the Bid. Any reference to the Bidder includes Bidding Company / including its successors, executors and permitted assigns as the context may require;

  • Tenderer/Bidder means any persons, partnership firm or company submitting a sum or sums in the Bills of Quantities in accordance with the Instructions to Tenderers, Conditions of Contract Parts I and II, Specifications, Drawings and Bills of Quantities for the work contemplated, acting directly or through a legally appointed representative.

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

  • Preferred Bidder means a bidder that is entitled to receive a reciprocal preference under the requirements of this chapter.

  • Interested Bidder means any person or persons who have submitted the Request Letter for Participation along with signed Bid Form, notarized affidavit, signed Declaration, requisite Earnest Money and other necessary documents to complete the eligibility check formalities to the satisfaction of the Liquidator.

  • 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.

  • The Bidder means the individual or firm who participates in this tender and submits its bid.

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

  • 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;

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

  • 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;

  • Price Differential with respect to any Transaction as of any date, the aggregate amount obtained by daily application of the Pricing Rate for such Transaction to the Purchase Price for such Transaction on a 360 day per year basis for the actual number of days during the period commencing on (and including) the Purchase Date for such Transaction and ending on (but excluding) the date of determination (reduced by any amount of such Price Differential previously paid by Seller to Buyer with respect to such Transaction);

  • 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.

  • Supplier/ Successful or Selected bidder means the person, private or government entity, or a combination of the above, whose Bid to perform the Contract has been accepted by the Purchaser and is named as such in the Agreement, and includes the legal successors or permitted assigns of the successful/ selected bidder.

  • Bidder/Contractor means the interested Firm/ Company/ Supplier/ Distributors that may provide or provides related Equipment/Services to any of the public/private sector organization under the contract and have registered for the relevant business thereof.