Examples of Bid Limit in a sentence
This process will continue until the Bid Limit assigned to that Qualified Bidder has been reached.
The system will automatically increment the User's bid each time it is superseded until either the User wins or the winning bid is raised to match or exceed the Proxy Bid Limit.
Upon making a “Buy Today” Purchase, a Qualified Bidder’s Bid Limit will be automatically adjusted to reflect the amount such Qualified Bidder has allotted to the “Buy Today” Purchase thereby ensuring that the total amount a Qualified Bidder spends on the Auction is not in excess of such Qualified Bidder’s Bid Limit.
This letter will serve as notification that (Bidder/Entity’s Name) bank account has the ability to wire from account number (Account Number) to cover a purchase of up to $ (Bid Limit).
The bids of a Qualified Bidder who has placed multiple bids shall be deemed to be In-the-Money only to the extent that (i) the bid price is at or above the Market-Clearing Price and (ii) the aggregate dollar amount of the multiple bids that are In-The-Money is less than or equal to that Qualified Bidder’s Bid Limit.
However, if a Qualified Bidder has more than one active bid, the aggregate amount of In-The-Money bids cannot exceed that Qualified Bidder’s Bid Limit.
A Qualified Bidder shall not be allowed to make “Buy Today” Purchases that in the aggregate exceed the Qualified Bidder’s Bid Limit.
The Bid Limit shall be allocated first to the highest bid price multiplied by the number of Depositary Shares bid for at that bid price.
Any remaining Bid Limit shall then be allocated to the next highest bid price multiplied by the number of Depositary Shares bid for at that bid price.
A Qualified Bidder who has one active bid will be able to bid up to such Qualified Bidder’s Bid Limit in that one bid.