Examples of Auction Bid in a sentence
Notwithstanding any other provision of this Agreement, ReFlow shall not be required to accept any Auction Bid (and may rescind any such Auction Bid after acceptance) that is made by the Fund in violation of any provision of this Agreement, provided that ReFlow has given the Fund notice of such violation.
If the Fund does not submit its Order Flow Report by such time, the Auction shall commence and the Fund’s Auction Bid shall not be included in calculating the Auction results.
Each such telephonic Auction Bid Request shall be confirmed promptly by hand delivery or telecopy to the Agent of a written Auction Bid Request in a form approved by the Agent and signed by the Borrower.
If a Winning Fund places a Cash Bid but thereafter reports net redemptions equal to or greater than that amount, the Auction Bid Dollar Amount shall be the amount of the Cash Bid.
If the Fund does not submit its Order Flow Report by such time, the Auction shall commence and the Fund's Auction Bid shall not be included in calculating the Auction results.
If the Fund was a Winning Fund in the Auction, and experienced less net redemptions than previously reported, ReFlow shall issue a redemption order to the Fund for the amount of the decrease in the Auction Bid Dollar Amount.
If the Fund was a Winning Fund in the Auction, and experienced more net redemptions than previously reported, ReFlow shall issue another purchase order to the Fund for Shares in the amount of the increase in the Auction Bid Dollar Amount, which the Fund agrees to accept, at the Winning Fee Rate determined in the Auction, up to the amount of the cash available as determined by ReFlow, subject to an overall limit of share purchases by ReFlow that do not exceed the Final Auction Amount.
If a Winning Fund places a Standing Bid, the Auction Program shall calculate the Auction Bid Dollar Amount based on its net redemptions and its Standing Bid.
If a Winning Fund places a Cash Bid but thereafter reports net redemptions of less than that amount, the Auction Bid Dollar Amount shall be the amount of its net redemptions.
Each payment of interest on any Auction Bid Borrowing shall be allocated pro rata among the Lenders participating in such Borrowing in accordance with the respective amounts of accrued and unpaid interest on their outstanding Auction Bid Advances comprising such Borrowing.