Successful Bid definition

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;

Successful Bid means the Bid whose Financial Bid results in maximization of the value for the Corporate Debtor/stakeholders, as determined by the Liquidator;

Successful Bid means the Bid of the Successful Bidder for acquisition of assets of the Corporate Debtor and as declared by the Liquidator in terms of sub-clause VIII of Clause 5.4 of this document.

Examples of Successful Bid in a sentence

• If this bid is accepted within thirty-five days after the date set for the opening of bids and bidder fails to execute the Contract within ten days after Notice of Successful Bid, or if bidder fails to furnish both Performance and Payment Bonds, the obligation of the Bid Bond will remain in full force and effect and the money payable thereon shall be paid into the funds of the Owner as liquidated damages for such failure; otherwise, the obligations of the Bid Bond will be null and void.

• Successful Bidder would be given a Letter of Award (LoA) stipulating the conditions under which the bid has been qualified as the Successful Bid.

• For purposes of calculating any amount of refund of the Title Commitment Deposit, the amount of the title policy shall be calculated based on an amount of insurance equal to the total value of the Successful Bid for the Endowment Land plus the Appraised Value of the Personal Property, even if the amount of insurance actually acquired by Xxxxx is less than said amount.

• Receiver and Buyer represent and warrant to each other that they have not employed the services of a real estate broker or auctioneer in connection with this transaction, other than XxxxXxxxxxxxxxxx.xxx/XxxxxxxxxxxXxxxxxxx.xxx, which shall be paid a buyer premium equal to 10.0% of the Successful Bid out of the Purchase Price at the Closing.

• The legal or beneficial interest, right or title over the Corporate Debtor shall be issued, vested, transferred pursuant to the Successful Bid, to the Successful Bidder pursuant to issuance/execution of the Certificate of Sale/Sale Deed on an “as is where is”, “as is what is”, “as is how is” and “without recourse basis” and without any representation, warranties or indemnities.

More Definitions of Successful Bid

Successful Bid means the Bid of the Successful Bidder for acquisition of the asset of Corporate Debtor as declared by the Liquidator as per this Process Memorandum;

Successful Bid means the Bid of the Successful Bidder for acquisition of the Corporate Debtor as a whole, on a going concern basis and as declared by the Liquidator in terms of sub-clause VIII of Clause4.3 of this document.

Successful Bid means a qualified bid submitted in accordance with the Bidding Procedures that is determined to be the highest or otherwise best bid in accordance with the Bidding Procedures.

Successful Bid means the bid made by a person during a Licensing Round to acquire a PSC in respect of a Block which JDA has accepted;

Successful Bid has the meaning ascribed to such term in the Bidding Procedures.

Successful Bid means the Bid of the Successful Bidder for acquisition of the Corporate Debtor as a going concern or sale of the assets in parcel of the Corporate Debtor, as the case may be as declared by the Liquidator as per this Process Memorandum;

Successful Bid means a qualified bid that is selected by the Debtors in accordance with the Bidding Procedures; provided that the Debtors shall not select any bid as the Successful Bid unless such bid meets the Successful Bid Mandatory Conditions.