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

  • 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.

  • 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.

  • Bidders who submit a bid in an amount less than the second highest amount could ultimately be deemed Second Highest Bidder should HUD not approve the High Bidder or a higher bidder withdraws its higher bid.

  • In such an event, the Authority may invite the Second Highest Bidder for negotiations to match Highest Bid and may issue LOA to him.

  • 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 Tenderedat the Highest Bid Price.

  • If such disqualification occurs after the Proposals have been opened and the Highest Bidder gets disqualified, then TNRDC reserves the right to invite the Second Highest Bidder to match the Highest Bidder in accordance with Clause 5.7.3 or annul the Bidding Process.

  • Dudley In Rem Index No. 2013-1427CV, Judgment filed May 6, 2015 Date of Tax Sale: July 10, 2015 (Sale No. 118) Parcel No. 019.00-02-019.120 Municipality Town of Prattsburgh Highest Bidder Joseph Patoine Highest Bidder’s Address 1073 Mt. Pleasant, St. Johnsbury, VT 05819 Consideration $2,395.00, together with buyer’s premium and recording fees Second Highest Bidder Norman M.

  • White Highest Bidder’s Address 2464 Reservoir Hill, Addison, NY 14801 Consideration $965.00, inclusive of buyer’s premium & recording fees Second Highest Bidder Steven Nichols Second Highest Bidder’s Address 5568 Wolf Run Rd, Campbell, NY 14821 Resolution No. C-2 Former Owner Timmons, Robert W.

  • The Bid Security of the Second Highest Bidder shall be refunded upon signing of License Agreement by the Successful Bidder.

  • Bidders who submit a Bid in an amount less than the second highest amount could ultimately be deemed Second Highest Bidder should HUD not approve the High Bidder or a higher bidder withdraws its higher Bid.


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

  • 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.