Auction Participant definition

Auction Participant or “Bidder” means a Person or Persons who submitted a bid as per the E- Auction Process Memorandum; and shall include a Qualified Bidder or the Successful Bidder and as the context requires;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Auction Participant or “Bidder” means a Person or Persons who have shown interest in participating in e-auction process for the Purchase of assets of Corporate Debtor pursuant to this Process Memorandum and have submitted Application Form as provided in Annexure 2, Affidavit in a format provided in Annexure 3 hereof, Confidentiality Undertaking as provided in Annexure 4 hereof, a copy of Board Resolution in a format provided in Annexure 5 hereof and other necessary documents to complete the eligibility check formalities to the satisfaction of the Liquidator;

Auction Participant or “Bidder” or “Applicant “ shall mean, Person or Persons who submitted a bid as per this Sale Process Memorandum and shall include a Qualified Bidder or the Successful Bidder, as the case may be, and as the context requires;

Examples of Auction Participant in a sentence

• All stamp duty (including fines, penalties and interest) that may be payable on or in connection with this Agreement and any instrument executed under this Agreement must be borne by the Auction Participant.

• Auction Participant, who provided Bank Guarantee as an alternative to the use of deposit sub account, shall be invoiced on a monthly basis.

• The System Operator is paid from deposit sub account appertaining to the Auction Participant in the entire amount of liabilities arising from the auction in question.

• In order to participate in yearly, monthly and/or daily auctions, the Auction Participant must comply with all requirements set forth in these Auction Rules.

• Auction Costs The Auction Participant will be responsible for all costs and expenses incurred by it in connection with the auctions.

More Definitions of Auction Participant

Auction Participant or “Bidder” means a Person or Persons who have shown interest in participating in e-auction process for the Purchase of asset of Corporate Debtor pursuant to

Auction Participant or “Bidder” means a Person or Persons who have shown interest in

Auction Participant or “Bidder” means a Person or Persons who have shown interest in participating in e-auction process for the Purchase of Corporate Debtor as a going concern or assets in parcel

Auction Participant means an Exchange Member with an Emissions Trading Privilege, a client of such Exchange Member, a client of such client and so on until the underlying bidder in an Auction, provided that the relevant Exchange Member is registered with the Exchange for participation in Auctions.

Auction Participant or “Bidder” means a Person or Persons who have shown interest in participating in e-auction process for the Purchase of Corporate Debtor as a going concern pursuant to this Process Memorandum and have submitted Application Form as provided in Annexure 2, Affidavit in a format provided in Annexure 3 hereof, Confidentiality Undertaking as provided in Annexure 4 hereof, a copy of Board Resolution in a format provided in Annexure 5 hereof and

Auction Participant means a Participant, who has received Accreditation from DEBEX, and has been admitted by the Auction Organizer to participate in the Auction.

Auction Participant means each party to this Agreement other than AEMO.