Auction Seller definition

Auction Seller means any third-party selling vehicles through a vehicle auction house in the business of facilitating the buying and selling of vehicles.
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Examples of Auction Seller in a sentence

  • After the reserve price for the Vehicle has been mutually agreed upon by Seller and Zephyrhills Classic Car Auction, Seller may not increase the set reserve.

  • IronPlanet hereby notifies prospective bidders/Buyers that the consigners of certain pieces of Equipment have assigned to a qualified intermediary their rights, but not their obligations, under the Auction Seller Agreement for purposes of effecting a deferred Like-Kind Exchange under section 1031 of the Internal Revenue Code of 1986, as amended, and the applicable regulations.

  • This means that after the highest bid is determined at the Auction, Seller may decide to (i) accept such bid or (ii) reject such bid.

  • From the date upon which the Bankruptcy Court approves the Sale Procedures Order and until the date of the Auction, Seller is permitted to cause its representatives to initiate contact with, solicit or encourage submission of any inquiries, proposals or offers by, any Person in connection with any sale or other disposition of the Assets.

  • As a result of the Auction, Seller believes (i) that Buyer has submitted the highest and best bid for the purchase of the Shares, (ii) that the Purchase Price for the Shares is fair and (iii) that a higher and better price is not likely to be obtained by further sale efforts and/or longer market exposure.

  • In order to auction your Equipment in a Featured Auction or a Daily Auction, you agree to abide by the terms and conditions in the Auction Seller Agreement which is hereby incorporated by reference and located at xxxx://xxx.xxxxxxxxxx.xxx/pop/consignment_printable.jsp.

  • A reasonable time prior to the Auction, Seller shall use commercially reasonable efforts to supplement Schedule 3.4 to provide information with respect to all insurance policies currently maintained including nature of coverage, limits, deductibles, and premiums, and all insurance policies maintained, owned or held by the Tower Group within the past two (2) years.

  • If, for any reason prior to the auction close, IronPlanet removes Equipment from a Daily Auction due to Seller’s violation of the Auction Seller Agreement, the Seller agrees to pay IronPlanet the Removal Penalty Prior to Daily Auction Close.

  • If, for any reason, the Seller withdraws a piece of Equipment (or causes IronPlanet to withdraw their Equipment in violation of the Auction Seller Agreement) listed in a Daily Auction after the Seller Reserve Price is met, the Seller agrees to pay IronPlanet a Default Penalty (“Seller Default Penalty”) equivalent to the Commission Fee of the winning Final Selling Price as if the Equipment were sold, as well as the Listing Fee.

  • As part of the Auction, Seller and CIBC World Markets marketed the sale of the Shares to seven potential purchasers, including Buyer, for more than four months.

Related to Auction Seller

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

  • Primary Seller means the Seller whose Bid City selected as the principal supplier of the Goods and/or Services required under this Agreement.

  • Mortgage Loan Seller Each of CREFI, GACC and JPMCB, and their respective successors in interest.

  • The Purchaser means the organization purchasing the Goods, as named in SCC.

  • Loan Seller With respect to any Mortgage Loan, the entity that sold such Mortgage Loan to the Transferor.

  • the Seller means the person so described in the Order;

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

  • Purchaser means the organization purchasing the goods.

  • Secondary Seller means the Seller whose Bid City selected as a back-up supplier in the event the Primary Seller is unable to provide all the Goods and/or Services required.

  • Mortgage Loan Seller Sub-Servicer A Sub-Servicer required to be retained by the Master Servicer by a Mortgage Loan Seller, as listed on Exhibit S to this Agreement, or any successor thereto.

  • Third Party Buyer means any Person other than (i) the Company or any of its Subsidiaries, (ii) any employee benefit plan of the Company or any of its Subsidiaries, (iii) the Investors or (iv) any Affiliates of any of the foregoing.

  • Purchaser/ User means ultimate recipient of goods and services

  • Model 4 seller means a seller that is registered under the agreement and is not a model 1 seller, model 2 seller, or model 3 seller.

  • Warranty Purchaser The Person described in Section 2.04 of the Trust Sale Agreement.

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

  • Ultimate purchaser means, with respect to any new motor vehicle or new motor vehicle engine, the first person who in good faith purchases a new motor vehicle or new motor vehicle engine for purposes other than resale.

  • Seller has the meaning set forth in the Preamble.

  • 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.

  • Mortgage loan originator means any institution which originated a Mortgage Loan for a related Borrower.

  • Model 1 seller means a seller registered under the agreement that has selected a certified service provider as the seller's agent to perform all of the seller's sales and use tax functions for agreement sales and use taxes other than the seller's obligation under Section 59-12-124 to remit a tax on the seller's own purchases.

  • Third Party Purchaser has the meaning set forth in Section 3.3.

  • Selling Member has the meaning set forth in Section 10.5(a).

  • Originator means the sender of the first payment order in a funds transfer.

  • Mortgage Loan Package Each pool of Mortgage Loans, which shall be purchased by the Purchaser from the Seller from time to time on each Closing Date.

  • Prospective Purchaser has the meaning set forth in Section 2.3(b)(i) hereof.

  • Retail seller means any person that sells any dangerous drug to consumers without assuming control over and responsibility for its administration. Mere advice or instructions regarding administration do not constitute control or establish responsibility.