Authorization to Bid Clause Samples

The 'Authorization to Bid' clause grants a party, typically an agent or representative, the legal authority to submit bids on behalf of another party in a transaction or procurement process. This clause outlines the scope of the authorization, specifying which projects, contracts, or items the agent is permitted to bid on and may set conditions or limitations, such as maximum bid amounts or required approvals. Its core function is to ensure that only duly authorized individuals can make binding offers, thereby preventing unauthorized commitments and clarifying the chain of responsibility in bidding situations.
Authorization to Bid. The proposal / bid being submitted would be binding on the Bidder. As such, it is necessary that authorized signatory of the firm or organization sign the bid documents. The signatory should be either CEO or authorised by the CEO or the Board of the organization. The Bidder shall provide proof of signature identification for the above purposes as required by ReBIT i. All pages of the bid shall be initialled by the person or persons signing the bid. ii. Bid form shall be signed in full & official seal affixed. iii. Any inter‐lineation, erasure or overwriting shall be valid only if they are initialled by the person or persons signing the Bid. iv. All such initials shall be supported by a rubber stamp impression / digital signature of the Bidder’s firm.
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Authorization to Bid. 14.1 The proposal/ bid being submitted would be binding on the Service provider. As such, it is necessary that authorized personnel of the firm or organization sign the bid documents. The designated personnel should be authorized by a senior official of the organization having authority, duly supported by copy of Board resolution and Power of Attorney. 14.2 All pages of the bid should be initialed by the person or persons signing the bid. 14.3 Any inter-lineation, erasure or overwriting shall be valid only if they are initialed by the person or persons signing the Bid. 14.4 All such initials shall be supported by a rubber stamp impression of the Service provider firm.
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Authorization to Bid. The Buyer authorizes the Dealer to bid up to a maximum of $ (the “Maximum Bid Amount”) for the specified vehicle at auction. The Dealer will communicate bid progress and obtain approval before finalizing any successful bids.
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Authorization to Bid. 3.10.1 The proposal/ bid being submitted would be binding on the Bidder. As such, it is necessary that authorized personnel of the firm or organization sign the bid documents. 3.10.2 All pages of the bid should be initialled by the person or persons signing the bid. 3.10.3 Any inter‐lineation, erasure or overwriting shall be valid only if they are initialled by the person or persons signing the Bid. 3.10.4 All such initials shall be supported by a rubber stamp impression of the Bidder’s firm. 3.10.5 The proposal must be accompanied with an undertaking letter duly signed by the designated personnel providing a bid commitment. The letter should also indicate the complete name and designation of the designated personnel.
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Related to Authorization to Bid

  • Authorization to Sell You are to offer and sell shares only at the regular public price currently determined by the respective Funds in the manner described in their offering Prospectuses. This Agreement on your part runs to us and to the respective Funds and is for the benefit of and enforceable by each. The offering Prospectuses and this Agreement set forth the terms applicable to members of the Selling Group and all other representations or documents are subordinate. You understand that Class 529 shares of the Funds are available only as underlying investments through the Program.

  • Authorization to File Borrower hereby authorizes Bank to file UCC financing statements without notice to Borrower, with all appropriate jurisdictions, as Bank deems appropriate, in order to further perfect or protect Bank’s interest in the Collateral, including a notice that any disposition of the Collateral, by either the Borrower or any other Person, shall be deemed to violate the rights of the Bank under the Code.

  • Authorization; Approvals The issuance of the Policy and the execution, delivery and performance of this Agreement and the Insurance Agreement have been duly authorized by all necessary corporate proceedings. No further approvals or filings of any kind, including, without limitation, any further approvals of or further filings with any governmental agency or other governmental authority, or any approval of the Insurer’s board of directors or stockholders, are necessary for the Policy, this Agreement and the Insurance Agreement to constitute the legal, valid and binding obligations of the Insurer.

  • AUTHORIZATION TO SUPPLEMENT If any Grantor shall obtain rights to any new trademarks, the provisions of this Trademark Security Agreement shall automatically apply thereto. Grantors shall give prompt notice in writing to Agent with respect to any such new trademarks or renewal or extension of any trademark registration. Without limiting Grantors’ obligations under this Section, Grantors hereby authorize Agent unilaterally to modify this Trademark Security Agreement by amending Schedule I to include any such new trademark rights of each Grantor. Notwithstanding the foregoing, no failure to so modify this Trademark Security Agreement or amend Schedule I shall in any way affect, invalidate or detract from Agent’s continuing security interest in all Collateral, whether or not listed on Schedule I.

  • Authorization, Etc This Agreement and the Notes have been duly authorized by all necessary corporate action on the part of the Company, and this Agreement constitutes, and upon execution and delivery thereof each Note will constitute, a legal, valid and binding obligation of the Company enforceable against the Company in accordance with its terms, except as such enforceability may be limited by (i) applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).