Auction Property definition

Auction Property has the meaning specified in Section 9.2.
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Auction Property means the item(s) that the Seller consigns to the Company for auction and which are auctioned off at the auction;
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Auction Property shall have the meaning specified in Section 21.03.
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Examples of Auction Property in a sentence

  • No one under the age of 18 allowed on Auction Property, unless accompanied by parent.

  • Provided that all of the conditions set forth in clauses (i) through (vi) have been met, such Trustee shall sell and transfer the Auction Property, without representation, warranty or recourse, to such highest bidder in accordance with and upon completion of the Auction Procedures.

  • Such Trustee shall deposit the purchase price for the Auction Property in the Collection Account at least one Business Day prior to such second succeeding Distribution Date.

  • With regard to Auction Advances, an amount equal to the amount of the Auction Cost (other than anticipated closing costs (inclusive of curative amounts payable with respect to liens, code violations, HOA fees and similar items)) will at all times be held by a Governmental Authority until such time as the Auction Property becomes an Approved Auction Property or the amount so held is returned to Borrower.

  • In the case of a payment under clause (iii) of this paragraph, the payment to the Affiliate shall not be more than the amount received for such sold Auction Property or Portfolio Property (net of all transaction costs) minus the amount repaid hereunder in respect of such Auction Property or Portfolio Property.

  • The Trustee shall deposit the purchase price for the Auction Property in the Certificate Account at least one Business Day prior to such second succeeding Distribution Date.

  • Provided that all of the conditions set forth in clauses (i) through (vi) have been met, the Trustee shall sell and transfer the Auction Property, without representation, warranty or recourse, to such highest bidder in accordance with and upon completion of the Auction Procedures.

  • The Trustee shall deposit the purchase price for the Auction Property in the Collection Account at least one Business Day prior to such second succeeding Distribution Date.

  • Provided that all of the conditions set forth in clauses (1) through (8) have been met, the Trustee shall sell and transfer the Auction Property, without representation, warranty or recourse of any kind whatsoever, to such highest bidder in accordance with and upon completion of the Auction Procedures.

  • Why Sell at Auction Property is sold in cover Is content for Cash not True Market Value includes minimal seller involvement and more contract contingencies.


More Definitions of Auction Property

Auction Property has the meaning assigned in Section 8.03.
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Auction Property has the meaning set forth in Section 10.02.
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Related to Auction Property

  • Securitization Property means the property described in section 10j.

  • Loan Property means any property in which the applicable party (or a Subsidiary of it) holds a security interest, and, where required by the context, includes the owner or operator of such property, but only with respect to such property. "Participation Facility" means any facility in which the applicable party (or a Subsidiary of it) participates in the management (including all property held as trustee or in any other fiduciary capacity) and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Subject Property means any premises located in the County on which an energy efficiency improvements, water efficiency improvements, or renewable resource applications are being or have been made and financed through an outstanding PACE loan.

  • Common Property , in relation to a scheme, means-

  • Mortgaged Property shall have the meaning assigned to such term in the recitals.