If a bidder is eligible to bid in the opt-in round and all of that bidder’s opt-in bids are made in accordance with regulations 20 and 46, then each of that bidder’s opt-in bids is a valid opt-in bid.
(2)
If a bidder is not eligible to bid in the opt-in round or if any of that bidder’s opt-in bids are not made in accordance with regulations 20 and 46, then none of that bidder’s opt-in bids is a valid opt-in bid.
(3)
A bidder which has made a valid opt-in bid is an “opted-in bidder”.