Bidding Deposit definition

Bidding Deposit shall have the meaning given to such term in paragraph (3) of recital. "Bidding Rules" shall have the meaning given to such term in paragraph (2) of recital.
Sample 1
Bidding Deposit means the requisite deposit and buyer’s premium (the details of which is set out in Clause 5 of Vehicle Auction Terms & Conditions) to be deposited with PMSB prior to the commencement of any Event by way of purchasing/topping up Token..
Sample 1

Examples of Bidding Deposit in a sentence

  • Subject to Clause 5.1 below, all intending bidders shall deposit with the Auctioneer, prior to the auction sale, a bank draft or cashier’s order drawn in favour of Ambank Islamic Berhad (199401009897 (295576-U)) for the account of NOR XXXXXXXX XXXXX XXXXXXX, a Bidding Deposit equivalent to ten per cent (10%) of the Reserve Price or a minimum of RM2,000.00 whichever is higher.

Related to Bidding Deposit

  • Initial Deposit shall have the meaning set forth in Section 2.5(a).

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Full Deposit will consist of data that reflects the state of the registry as of 00:00:00 UTC (Coordinated Universal Time) on the day that such Full Deposit is submitted to Escrow Agent.