Auction Purchaser definition

Auction Purchaser. As defined in Section 9.01.
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Auction Purchaser. As defined in Section 7.01(b) hereof. For the avoidance of doubt, the Auction Purchaser cannot be the Seller or an Affiliate of the Seller.
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Auction Purchaser means the person whose bid or tender is accepted by the Auction Authority ;
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Examples of Auction Purchaser in a sentence

  • Notwithstanding anything to the contrary herein, the Auction Purchaser shall not be the Depositor or DLJMC or any of their respective affiliates.

  • If the Trustee receives at least three bids for the Trust Collateral, and one of such bids is equal to or greater than the Par Value plus the Trustee Auction Fee, the Trustee shall sell the Trust Collateral to the highest bidder (the “Auction Purchaser”) at the price offered by the Auction Purchaser (the “Mortgage Loan Purchase Price”).

  • If the Trustee receives less than three bids, or does not receive any bid that is equal to or greater than the Par Value plus the Trustee Auction Fee, the Trustee shall, on each six-month anniversary of the initial Auction Date, repeat these auction procedures until the Trustee receives a bid that is equal to or greater than the Par Value plus the Trustee Auction Fee, and sells the Trust Collateral to the Auction Purchaser at the Mortgage Loan Purchase Price.

  • Upon deposit of such purchase price into the Distribution Account, the Trustee and the Securities Administrator, shall, upon request and at the expense of the Auction Purchaser, execute and deliver all such instruments of transfer or assignment, in each case without recourse, as shall be reasonably requested by the Auction Purchaser to vest title in the Auction Purchaser in the Assets so purchased and shall transfer or deliver to the Auction Purchaser the purchased Assets.

  • If the Trust Administrator receives at least three bids for the related Trust Collateral, and one of such bids is equal to or greater than the Par Value, the Trust Administrator shall sell the related Trust Collateral to the highest bidder (the “Auction Purchaser”) at the price offered by the Auction Purchaser (the “Mortgage Loan Auction Price”).

  • In the event such notice is given in connection with the purchase of the Trust Collateral by the Auction Purchaser, the Auction Purchaser shall deliver to the Trust Administrator for deposit in the Distribution Account not later than the last Business Day of the month next preceding the month of the final distribution on the Certificates an amount in immediately available funds equal to the Auction Sale Price.

  • In the event of a Failed Auction, Purchaser shall not be permitted to deliver a new Auction Notice prior to the date occurring five (5) Business Days after such withdrawal or Expiration Time, as the case may be.

  • As per the Terms and Conditions of the Auction, Purchaser acknowledges that the escrow deposit will be forfeited upon the Purchaser’s default or Purchaser’s non-performance of this Contract of Purchase, along with any executed amendments or extension(s) thereof.

  • If the Trust Administrator receives at least three bids for all of the Trust Collateral, and one of such bids is equal to or greater than the Par Value, the Trust Administrator shall sell all of the Trust Collateral to the highest bidder (the “Auction Purchaser”) at the price offered by the Auction Purchaser (the “Mortgage Loan Auction Price”).

  • If the Auction Administrator receives at least three bids for the Assets, and one of such bids is equal to or greater than the Minimum Auction Price, the Auction Administrator shall sell (such sale, an "Auction") the related Assets to the highest bidder (the "Auction Purchaser") at the price offered by the Auction Purchaser (the "Mortgage Loan Auction Price").


More Definitions of Auction Purchaser

Auction Purchaser means each Person who submits a bid that is accepted to purchase Notes through the PSE Auction.
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Auction Purchaser shall have the meaning given such term in Section 12.6(a) of the Lease.
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Related to Auction Purchaser

  • BIDDER/Seller which expression shall mean and include, unless the context otherwise requires, his successors and permitted assigns) of the second part.

  • Bona fide purchaser means a person who in good faith makes a purchase without notice of any outstanding rights of others.

  • Third Party Purchaser means any Person who, immediately prior to the contemplated transaction, (a) does not directly or indirectly own or have the right to acquire any outstanding Common Stock or (b) is not a Permitted Transferee of any Person who directly or indirectly owns or has the right to acquire any Common Stock.

  • Mortgage Loan Purchase Price The price, calculated as set forth in Section 10.01, to be paid in connection with the repurchase of the Mortgage Loans pursuant to Section 10.01.

  • Takeout Investor means any institution which has made a Takeout Commitment and has been approved by Buyer, in its sole and absolute discretion.