Auction Sale definition
Auction Sale. As defined in Section 7.01(b) hereof.
Auction Sale. The Trustee's solicitation of bids for the purchase of all Mortgage Loans in the Trust pursuant to Section 8.3 hereof.
Auction Sale. If the Sponsor does not elect to exercise the Optional Termination Call with respect to a particular class of Notes within three months after the Optional Termination Call Date, on the following Payment Date the Indenture Trustee will begin an auction process to sell the remaining mortgage loans in the related sub-trust. Generally, the amounts received from the Auction Sale must be sufficient to allow the Indenture Trustee to redeem the Notes for an amount equal to the aggregate outstanding principal balance of the related class of notes, plus all accrued and unpaid interest thereon including shortfalls of interest carryforward amounts (including, with respect to the Class A-2 Notes, any Class A-2 Net WAC Cap Carryforward Amount), including unreimbursed advances due and owing to the Master Servicer and amounts due and owing to the Note Insurer. However, in certain limited circumstances (with consent of 66 2/3% of the outstanding principal balance of the related class of Notes and consent of the Certificate Insurer), the mortgage loans remaining in the related sub-trust after the Optional Termination Call may be sold for less than the full amount stated above. Additionally, to the extent that the Auction Sale does not produce sufficient proceeds and the bond holders do not consent to sell the collateral for less than the full amount stated above, the Certificate Insurer may exercise the Optional Termination Call with respect to a particular class of Notes for the full amount stated above. FULL TURBO: In addition, so long as the auction process continues with respect to one group, all payments from that group that would normally be distributed to the ownership interest in the trust will be used to pay down the Notes and all payments from the other group that would normally be distributed to the ownership interest in the trust will be deposited in the reserve account. -------------------------------------------------------------------------------- THIS INFORMATION DOES NOT CONSTITUTE EITHER AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY OF THE SECURITIES REFERRED TO HEREIN. OFFERS TO SELL AND SOLICITATIONS OF OFFERS TO BUY THE SECURITIES ARE MADE ONLY BY , AND THIS INFORMATION MUST BE READ IN CONJUNCTION WITH, THE FINAL PROSPECTUS SUPPLEMENT AND THE RELATED PROSPECTUS OR, IF NOT REGISTERED UNDER THE SECURITIES LAWS, THE FINAL OFFERING MEMORANDUM (THE "OFFERING DOCUMENT"). INFORMATION CONTAINED HEREIN DOES NOT PURPORT TO BE COMPLETE AND IS SUBJECT T...
Examples of Auction Sale in a sentence
The Auctioneer shall have the absolute discretion to determine whether the instrument of authority is acceptable to the Auctioneer to permit the Agent to bid at the Auction Sale.
The Agent shall further prior to the commencement of the Auction Sale disclose to the Auctioneer the identity of the Purchaser.
Each party had the opportunity to seek the independent advice of legal counsel of its choosing and each has either done so or has voluntarily decided to forgo such advice, with full understanding of the risk involved in this course with regard to the Property, Auction, Sale Contract, and this sale.
All intending bidders shall be required to produce their Identity Card or to verify their identities prior to the commencement of the Auction Sale, failing which they shall not be eligible to participate in the bidding.
The Auctioneer shall have the absolute discretion to determine whether the Authority Letter is acceptable to the Auctioneer to permit the Agent to bid at the Auction Sale and the decision of the Auctioneer in this matter is final.
More Definitions of Auction Sale
Auction Sale. As defined in Section 10.01.
Auction Sale means the auction or tender carried out by Apex Auctions Ltd (‘’the agent’’) for the Item(s).
Auction Sale means any sale conducted or transacted at a permanent place of business operated by an auctioneer or a sale conducted and transacted at any location where tangible personal property is sold by an auctioneer when such auctioneer is acting either as agent for the owner of such personal property or is in fact the owner thereof. The auctioneer at any sale defined in subsection (11) of this section, except when acting as an agent for a duly licensed retailer or vendor or when selling only tangible personal property which is exempt under the provisions of section 39-26-114 (5) and (6), is a retailer or vendor as defined in subsection (8) of this section and the sale made by him is a retail sale as defined in subsection (9) of this section, and the business conducted by said auctioneer in accomplishing such sale is the transaction of a business as defined by subsection (2) of this section. "AGRICULTURAL COMMODITY" MEANS ANY AGRICULTURAL COMMODITY AS DEFINED IN SECTION 35-28-104 (1), C.R.S.; EXCEPT THAT, FOR PURPOSES OF ARTICLE 26 OF THIS TITLE, "AGRICULTURAL COMMODITY" SHALL ALSO INCLUDE SUGAR BEETS, TIMBER AND TIMBER PRODUCTS, OATS, MALTING BARLEY, BARLEY, HOPS, RICE, MILO, AND ANY OTHER FEED GRAIN.
Auction Sale means a sale or prospective sale by auction including via a ‘BidNow’ or similar offering, of an Item conducted by way of the Online Sales System in accordance with this Agreement including the Online Sales Terms and Conditions. Bid means an offer to purchase an Item at a specified price in an Auction Sale. Bidder means a person who has made or purported to make a Bid.
Auction Sale means sale by bidding at a public auction, including on-line auctions, conducted by the State Surplus Property Program.
Auction Sale. FORCED TO VACATE", "GIVING UP LEASE", or "GIVING UP BUSINESS", or make use of terms and phrases denoting same or having similar meaning. The Landlord may remove such signs or advertising at the Tenant's cost without any recourse in damages against the Landlord which the Tenant herein expressly waives.
Auction Sale shall have the meaning set forth in Section 8.4(a).