Substitute Bid Facility definition

Substitute Bid Facility. Any Bid Facility that has submitted a complete Application Package and has been qualified through Step One of RFP 1037 and is not committed to perform under a Standard Form Contract awarded under RFP 1037 or any previous NYS RPS procurement.
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Examples of Substitute Bid Facility in a sentence

  • However, should the Bid Quantity be reduced, NYSERDA will retain a prorated amount of Contract Security if the Bid Capacity of the approved Substitute Bid Facility (or aggregate Bid Capacity if more than one Substitute Bid Facility) is less than the Bid Capacity associated with the Bid Facility included in the original contract.

  • NYSERDA will review each Application Package and make determinations as to qualification for either (1) participation in Step Two, or (2) eligibility as a Substitute Bid Facility.

  • Bidders must submit an Application Package for EACH Bid Facility, whether a Substitute Bid Facility or otherwise, that Bidder may wish to employ for performance under a Standard Form Contract executed as a result of this RFP.

  • The amounts are as follows: Nameplate Capacity:Bid Deposit Required:up to 4.99 MW:$5,0005.00 – 19.99 MW:$15,00020.00 – 49.99 MW:$25,00050.00 MW or more:$50,000 No Bid Deposit is required for Application Packages for Substitute Bid Facilities; such Application Packages will not be evaluated for qualification to submit a Bid Proposal under Step Two, but rather will be evaluated for eligibility as a Substitute Bid Facility, as described at Section VII (Substitution of Bid Facilities).

  • To be considered for qualification to participate in Step Two (Bid Proposal), Bidders must provide NYSERDA with one complete original Application Package and three (3) copies foreach Bid Facility from which RPS Attributes may be used for performance under a Standard Form Contract (including each Substitute Bid Facility).

  • At any time on or before September 1, 2007, a Seller that has executed an RPS Standard Form Contract as a result of this RFP may submit to NYSERDA a request to permit the replacement of the Bid Facility identified in such RPS Contract with any eligible Substitute Bid Facility or facilities or any portion thereof.

  • At any time on or before October 1, 2008, a Seller that has executed an RPS Standard Form Contract as a result of this RFP may submit to NYSERDA a request to permit the replacement of the Bid Facility identified in such RPS Contract with any eligible Substitute Bid Facility or facilities or any portion thereof.

Related to Substitute Bid Facility

  • Substitute Lender has the meaning specified in Section 2.18(a).

  • Substitute Loan A mortgage loan substituted for a Deleted Loan pursuant to the terms of this Agreement which must, on the date of such substitution, (i) have an outstanding principal balance, after application of all scheduled payments of principal and interest due during or prior to the month of substitution, not in excess of the Scheduled Principal Balance of the Deleted Loan as of the Due Date in the calendar month during which the substitution occurs, (ii) have a Mortgage Interest Rate not less than (and not more than one percentage point in excess of) the Mortgage Interest Rate of the Deleted Loan, (iii) have a remaining term to maturity not greater than (and not more than one year less than) that of the Deleted Loan, (iv) have the same Due Date as the Due Date on the Deleted Loan, (v) have a Loan-to-Value Ratio as of the date of substitution equal to or lower than the Loan-to-Value Ratio of the Deleted Loan as of such date, (vi) have a risk grading at least equal to the risk grading assigned on the Deleted Loan, (vii) is a “qualified mortgage” as defined in the REMIC Provisions and (viii) conform to each representation and warranty set forth in Section 6 of the Mortgage Loan Purchase Agreement applicable to the Deleted Loan. In the event that one or more mortgage loans are substituted for one or more Deleted Loans, the amounts described in clause (i) hereof shall be determined on the basis of aggregate principal balances, the Mortgage Interest Rates described in clause (ii) hereof shall be determined on the basis of weighted average Mortgage Interest Rates, the terms described in clause (iii) hereof shall be determined on the basis of weighted average remaining term to maturity, the Loan-to-Value Ratios described in clause (v) hereof shall be satisfied as to each such Substitute Loan, the risk gradings described in clause (vi) hereof shall be satisfied as to each such Substitute Loan and, except to the extent otherwise provided in this sentence, the representations and warranties described in clauses (vii) and (viii) hereof must be satisfied as to each Substitute Loan or in the aggregate, as the case may be.

  • Substitute Rate shall have the meaning set forth in Section 2.2.3(b).

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • approved facility means any private practice, hospital, clinic or other health facility in Namibia defined in section 1 of the Hospitals and Health Facilities Act, 1994 (Act No. 36 of 1994), approved by the Council for the purpose of the training of hearing aid acoustics interns, and “facility” has a corresponding meaning;

  • Substitute Aircraft Has the meaning specified in the NPA.

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Approved purchasing system means a Contractor’s purchasing system that has been reviewed and approved in accordance with Part 44 of the Federal Acquisition Regulation (FAR)

  • Responsive Bidder or Offeror means a person who submits a bid or proposal which conforms in all material respects to the invitation for bids or request for proposals.

  • Competitive Bid Margin means the margin above or below the applicable Eurodollar Base Rate offered for a Eurodollar Bid Rate Loan, expressed as a percentage (rounded to the nearest 1/100 of 1%) to be added or subtracted from such Eurodollar Base Rate.

  • competitive bidding process means a competitive bidding process referred to in paragraph 12 (1) (d) of this Policy;

  • Replacement Facility means 1 of the following:

  • Substitute Letter of Credit has the meaning set forth in Section 10.5(c).

  • Alternative Bid means a response to a bid that does not meet the exact requirements of the specification but offers an alternative for consideration. An alternative bid is submitted with an intentional variation to a provision, specification, term or condition of the solicitation. This alternative, in the opinion of the bidder, achieves the same end result. Alternative bids may be rejected as non-responsive.

  • Eligible bidder means a person who is:

  • Substitute Commercial Paper Dealers means such Substitute Commercial Paper Dealer or Dealers as the Corporation may from time to time appoint or, in lieu of any thereof, their respective affiliates or successors.

  • Competitive Bid Rate means, with respect to any Competitive Bid, the Margin or the Fixed Rate, as applicable, offered by the Lender making such Competitive Bid.

  • LNG facility means a terminal which is used for the liquefaction of natural gas or the importation, offloading, and re-gasification of LNG, and includes ancillary services and temporary storage necessary for the re-gasification process and subsequent delivery to the transmission system, but does not include any part of LNG terminals used for storage;