How is ""Pending Decision"" defined in a legal contract?
- Pending Decision means the deadline for submitting Purchase Offers has expired and the analysis of these offers has commenced. Seen in 1 SEC filing.
- Pending Decision shall mean that the submission duration limit for Purchase Bids has ended, and the analysis of these bids has begun. Seen in 1 SEC filing.
- Pending Decision means an application for planning permission or permission in principle has been submitted, or is assumed to have been submitted, but has not been finally addressed. Seen in 1 SEC filing.
Note: pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
- Pending Decision means the allotted time for submitting [offers/bids/applications] has expired and review of those has commenced.
Relevant Contract Types
Relevant Circumstances
- Submission of bids for a tender
- Offering purchase of a property
- Proposing terms for a franchise agreement
Relevant Sectors
Genie Definition 2
- Pending Decision means an application for [permissions] has been submitted but not yet addressed.
Relevant Contract Types
Relevant Circumstances
- Application for planning permissions for construction
- Making an application for a landlord's consent for lease
- Submission of environmental regulation compliance documents
Relevant Sectors
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Pending Decision means the allotted time for submitting [offers/bids/applications] has expired and review of those has commenced
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