Surrender Offer definition

Surrender Offer means an offer submitted by or on behalf of a Surrender User served during the Offer Window Period in accordance with Clause 7 pursuant to a Tender Invitation Notice and in accordance with the Transfer and Trading Surrender Tender Rules by which such a Surrender User offers to grant a Forward Contract to National Grid for a specified Surrender Amount of Firm NTS Entry Capacity over a specified Forward Delivery Period for a specified Forward Value and at a specified Aggregate System Entry Point in each case as permitted or determined by the applicable Tender Invitation Notice;
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Surrender Offer means an offer to surrender System Capacity
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Surrender Offer has the meaning specified in Section 2.9.
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Examples of Surrender Offer in a sentence

  • A Surrender Offer once given may be withdrawn only during the Offer Window Period and by service of an Offer Withdrawal Notification.

  • No Surrender Offer shall be deemed accepted unless such a Tender Acceptance is so submitted.

  • An Acceptance Notification may be given only in respect of the whole of the Forward Delivery Period specified in the Surrender Offer but may be given in respect of all or part only of the Surrender Amount.

  • National Grid may accept or not accept a Surrender Offer in its absolute discretion and shall not be obliged to give any reason therefor.

  • Where aShipper’s Available IP Entry Capacity is reduced after the Surrender Deadline (as a result of an IP Capacity Transfer or any other reason) the Surrender Offer will be rejected.

  • Where a Shipper’s Available IP Entry Capacity is reduced after the Surrender Deadline (as a result of an IP Capacity Transfer or any other reason) the Surrender Offer will be rejected.

  • A User may submit up to 10 Surrender Offers in respect of an Auction, each of which shall be a separate Surrender Offer independent of each other Surrender Offer.

  • The sampling design, sources of data, quality control, and monitoring conducted during data collection, along with the strengths and weaknesses of the data, are presented.

  • If the Surrender Offer, either as made or as renegotiated, is accepted, the Options in respect of which the Surrender Offer relates shall be surrendered and deemed to be terminated and cancelled and shall cease to grant the Optionee any further rights thereunder upon payment of the amount of the agreed Surrender Offer by the Corporation to the Optionee.

  • If the Surrender Offer is valid, the Surrender Quantity will, in accordance with paragraph 3.1.1, be included in the Allocable Interconnection Point Capacity for the Auction.

Related to Surrender Offer

  • Tender Offer means a takeover offer, tender offer, exchange offer, solicitation, proposal or other event by any entity or person that results in such entity or person purchasing, or otherwise obtaining or having the right to obtain, by conversion or other means, greater than 10 per cent. and less than 100 per cent. of the outstanding voting shares of the Share Company, as determined by the Determination Agent, based upon the making of filings with governmental or self-regulatory agencies or such other information as the Determination Agent deems relevant.

  • Initial Offer Period means the period determined by the Directors during which Shares of any class are offered by the ICAV for purchase or subscription at the Initial Price.

  • Private Placement Warrants shall have the meaning given in the Recitals hereto.

  • Form of Fundamental Change Repurchase Notice means the “Form of Fundamental Change Repurchase Notice” attached as Attachment 2 to the Form of Note attached hereto as Exhibit A.