Unsolicited Bid definition

Unsolicited Bid. : means an offer submitted by any person at its own initiative without having been invited by the Municipality to do so.

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Unsolicited Bid means those circumstances in which an offer is made generally to the holders of Common Shares in one or more jurisdictions to acquire directly or indirectly the Common Shares of the Corporation and which is in the nature of a "takeover bid" as defined in National Instrument 62-104 – Take-Over Bids and Issuer Bids and, where the Common Shares are listed and posted for trading on a stock exchange, not exempt from the formal bid requirements of the Securities Act (Alberta), by a person who neither the Board nor management of the Corporation solicited, sought out or otherwise arranged for the offeror party to make such offer;

Unsolicited Bid means an offer submitted by any person on his, her or its own initiative without having been invited by the municipality to do so.

Examples of Unsolicited Bid in a sentence

• The Tag Along Rights of the Investor shall not be deemed waived, limited or otherwise adversely affected by any determination by the Investor not to exercise an applicable right of first offer or first refusal under this Section 6 or any inability of the Investor to deliver any required non-cash consideration in the exact form and type offered in an Unsolicited Bid to WWC.

• A Shareholder making an offer to sell pursuant to an Unsolicited Bid Notice is hereinafter referred to as an "Offeror-Shareholder", and a Shareholder receiving such offer pursuant to an Unsolicited Bid Notice is hereinafter referred to as an "Offeree-Shareholder".

• In such event, no sales pursuant to such elections need be made by the Offeror-Shareholder, and the Offeror-Shareholder shall be entitled to sell such Sale Shares to the Person(s) named in the Unsolicited Bid Notice in accordance with clause (vi) (and, if applicable, clause (vii)) below at a sales price and on terms and conditions (including the form of consideration) no less favorable to the Offeror-Shareholder than those in the Unsolicited Bid Notice.

• If an Offeree-Shareholder shall fail to deliver notice of its election to purchase Sale Shares before the expiration of the Exercise Period, it shall be deemed to have elected not to purchase any Sale Shares pursuant to the relevant Unsolicited Bid Notice.

• Without limiting the foregoing and for the avoidance of doubt, in the event an Unsolicited Bid from a Third Party is the ROFN Triggering Event, the Company will not negotiate such Unsolicited Bid with such Third Party or solicit additional Bids from other Third Parties during the ROFN Period.

More Definitions of Unsolicited Bid

Unsolicited Bid means a proposal that is prepared or made without the invitation, solicitation, supervision or request of a contracting authority, being made solely at the initiative of the prospective counterparty, and “unsolicited bidder” shall be construed accordingly;

Unsolicited Bid has the meaning given in Section 6(a)(ii).

Unsolicited Bid means a bid submitted by a bidder to the procuring entity which is not in response to an open, restricted or single-source procurement opportunity.

Unsolicited Bid. : means an offer submitted by any person at their own initiative without having been invited by Buffalo City to do so.

Unsolicited Bid means an expression of interest for unsolicited public- private partnership project by a prospective Private Party to a Contracting Authority;

Unsolicited Bid means a bid for a Company Product that is not a Solicited Bid.

Unsolicited Bid means a proposal that is prepared or made without the invitation, solicitation, supervision or request of a contracting authority