Closed Sale definition
Closed Sale means an In‐Lane or Online sale hosted by a Seller using ADESA’s services at which only certain Buyers designated by the Seller (typically franchise dealerships of a specific manufacturer brand) are permitted to bid on and buy Vehicles. “Open Sale” means an In‐Lane or Online sale hosted by ADESA at which all Buyers are permitted to bid on and buy Vehicles. Closed Sales may be subject to different Arbitration rules which are set by the Vehicle Seller (the “Closed Sale Rules”). The Closed Sale Rules apply only to the Buyers designated by the Seller as eligible to bid on and buy Vehicles in the Closed Sale (the “Closed Buyers”) and the Seller is responsible for communicating those rules to the Closed Buyers. For Vehicles first listed in an Online Closed Sale (also known as a “Private Label” sale) and then moved to an Online Open Sale (i.e. the restriction on permitted Buyers is lifted), then: (a) these Arbitration Rules (and not the Closed Sale rules) will apply to Vehicles sold in the Open Sale to Buyers who are not Closed Buyers; and (b) the Closed Sale rules will apply to Closed Buyers regardless of whether they bought the Vehicle in a Closed Sale or Open Sale.
Closed Sale means a successful transaction whereby a Lead completes a purchase of the Company’s product or service, and such purchase is not refunded or canceled during the applicable refund period.
Closed Sale means a completed transaction that has been recorded in the public records of the applicable county.
Examples of Closed Sale in a sentence
The Agent shall be entitled to receive a commission of fifteen percent (15%) of the net revenue derived from each Closed Sale directly attributable to the Agent’s efforts.
More Definitions of Closed Sale
Closed Sale means that the Qualified Opportunity referred to Lyceum based on this Agreement, subscribes to the Lyceum Product(s). The Commission shall not be applicable for any Lyceum Product(s) subscribed to by Partner or Partner’s Affiliates.