Tender Invitation Notice definition

Tender Invitation Notice means the notice (bearing the same Reference Number as these Terms) which is issued by National Grid inviting Users to submit Surrender Offers; and

Tender Invitation Notice means a notice issued by National Grid NTS inviting Users to submit a tender offer for a Forward Agreement or an Option Agreement (as the case may be).

Tender Invitation Notice means a notice issued by National Grid NTS invitingUsers to submit a tender offer for a Forward Agreement or an Option Agreement (as the case may be). Amend paragraph 2.11.3 to read as follows: 2.11.3 The Applicable Daily Rate shall be:(a) in respect of Quarterly NTS Entry Capacity applied for pursuant to an annual invitation under paragraph 2.2, the applicable reserve or cleared price (for the calendar quarter) as determined following the relevant annual invitation date in accordance with paragraph 2.6;(b) in respect of Monthly NTS Entry Capacity applied for pursuant to an invitation under paragraphs 2.2 and 2.3, the bid price tendered by the User in respect of the Monthly NTS Entry Capacity allocated for the relevant calendar month pursuant to paragraph 2.7.2;(c) in respect of Daily NTS Entry Capacity, the bid price tendered by the User in respect of the Daily NTS Entry Capacity allocated for the Day pursuant to paragraph 2.7.2; and(d) in respect of Daily Interruptible NTS Entry Capacity, the bid price tendered by the User in respect of the Daily Interruptible NTS Entry Capacity allocated for the Day pursuant to paragraph 2.27.; and(e) in respect of Monthly NTS Entry Capacity applied for pursuant to paragraph 2.1.15, the prevailing reserve price last published pursuant to paragraph 2.2.1(a) for the relevant Aggregate System Entry Point and calendar month. Amend paragraph 2.12.3 to read as follows: 2.12.3 The System Entry Overrun Charge shall be calculated as the amount of the overrun quantity multiplied by whichever is the greatest of:(a) (8 * A), where 'A' is the highest bid price in relation to a capacity bid in respect of which NTS Entry Capacity was allocated following an invitation under paragraphs 2.2, 2.3 and 2.4; and(b) (1.1 * B), where 'B' is the relevant average accepted offer price;(c) (1.1 * C), where 'C' is the relevant average accepted forward price;(d) (1.1 * D), where 'D' is the relevant average accepted exercise price; and(e) (1.1 * E), where ‘E’ is the highest unit price accepted by National Grid NTSwhere (a), (b), (c), (d) and (e) are calculated by reference to information available to National Grid NTS at 02:00 hours on the relevant Day. For the purposes of this paragraph 2.12.3 an application for Long Term Non Firm NTS Entry Capacity made pursuant to paragraph 2.1.15 will be treated as a capacity bid and the price paid for the Long Term Non Firm NTS Entry Capacity will be treated as a bid price. Amend paragraph 3.1.5 to read as follo...

Examples of Tender Invitation Notice in a sentence

• Tenderers shall provide as part of their Proposal a valid bid/tender Security in the form and amount specified in the Tender Invitation Notice.

• This stage of evaluation shall involve determination of compliance with minimum conditions set out in the Tender Document and Tender Invitation Notice for the main Contractor and All sub-contractors.

• CONDITIONS OF CONTRACT CLAUSE 32Period of final measurement: 3 months after practical completion INSTRUCTION TO TENDERERS CLAUSE 20The tender opening date and time is as stated in the Tender Invitation Notice.

• INSTRUCTION TO TENDERERS CLAUSE 20The name and Address of the Employer’s representative for the purposes of submission of Tenders is as stated in the Tender Invitation Notice.

• INSTRUCTION TO TENDERERS CLAUSE 20The name and Address of the Employer‘s representative for the purposes of submission of Tenders is as stated in the Tender Invitation Notice.

• INSTRUCTION TO TENDERERS CLAUSE 20The name and Address of the Employer’s representative for the purposes of submission of Tenders is as stated in the Tender Invitation Notice INSTRUCTION TO TENDERERS CLAUSE 13 Amount of Tender Security is Kshs.

• This stage of evaluation shall involve determination of compliance with minimum conditions set out in the Tender Document and Tender Invitation Notice.

• The Applicant herein obtained the Tender Document pursuant to the Tender Invitation Notice dated 16th June 2020 by the Procuring Entity thus meets the definition of a candidate under section 2 of the Act.

• If that were the case, a blended rate using 7.50% long term rate of return assumption would have been used for years until assets are projected to be depleted and a high quality 20 year municipal bond yield would have been used thereafter.• Annual Money Weighted Rate of Return, Net of Investment Fess - 7.20%.

• This stage of evaluation shall involve determination of compliance with minimum conditions in the Tender Document and Tender Invitation Notice.

More Definitions of Tender Invitation Notice

Tender Invitation Notice means the notice (bearing the same Reference Number as these Terms) issued by National Grid inviting Users to submit Tender Offers;

Tender Invitation Notice means a notice issued by National Grid NTS inviting Users to submit a tender offer for a Forward Agreement or an Option Agreement (as the case may be).2.8.9 (a) Where, in respect of a Relevant Forward Combination and pursuant to a Tender Invitation Notice, National Grid NTS enters into Forward Agreement(s) with Users after the date of implementation of the modification proposal giving effect to this paragraph (a), it shall publish on the Business Day following that on which it enters into such Forward Agreement(s) and in respect of each Gas Flow Day in the relevant forward delivery period: