The Pre-Auction Letter of Credit must be provided with the Part 2 Application due on January 10, 2024 by 12PM (noon) Eastern Prevailing Time. If a Qualified Bidder’s Part 2 Application is incomplete or requires clarification, the Qualified Bidder will receive a deficiency notice from the Auction Manager. The Qualified Bidder will have until noon on the Part 2 Application Date, or until 6 PM on the business day following the business day during which a deficiency notice is sent, whichever comes later, to respond. If a Qualified Bidder’s Pre-Auction Letter of Credit is not in a form acceptable to the EDCs, the Qualified Bidder will likewise receive a deficiency notice. The Qualified Bidder will have until noon on the Part 2 Application Date, or until 6 PM of the second business day following the business day during which a deficiency notice is sent, whichever comes later, to respond.
1/11/2024, in Pre-Auction Security.
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