Hammer Price definition

Hammer Price means the level of bidding reached (at or above any reserve) when the auctioneer brings down the hammer;

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Hammer Price means the price at which a Lot is knocked down by the Auctioneer to the Purchaser; and

Hammer Price means the price at which a lot is knocked down at, net of VAT, Commission, Buyers Premium, Dismantling or Removal costs and any

Examples of Hammer Price in a sentence

• Real estate transfer tax shall be calculated on the total Purchase Price (i.e., the Hammer Price plus the Buyer’s Premium).

• Seller agrees to sell and convey the Property to Purchaser, and Purchaser agrees to purchase the Property from Seller, for a total purchase price of Dollars ($ ) (the “Purchase Price”), comprised of the Hammer Price plus a buyer’s premium (payable by Purchaser to Auctioneer for Auctioneer’s own account) in an amount equal to Ten Percent (10%) of the Hammer Price (the “Buyer’s Premium”).

• Seller agrees to sell and convey the Property to Purchaser, and Purchaser agrees to purchase the Property from Seller, for a total purchase price of Dollars ($ ) (the “Purchase Price”), comprised of the Hammer Price plus a buyer’s premium in an amount equal to Ten Percent (10%) of the Hammer Price (the “Buyer’s Premium”).

• An Estimate is only an expression of our opinion of the range within which we think the Hammer Price for the Lot at the Sale is likely to be.

• Estimates are only an expression of Gorringe’s opinion made on behalf of the Seller of the range where Gorringe’s thinks the Hammer Price for the Lot is likely to fall; it is not an estimate of value.

More Definitions of Hammer Price

Hammer Price means the price in pounds sterling which a Lot is knocked down by the Auctioneer.

Hammer Price means the price at which a lot is knocked down by the auctioneer to the buyer;

Hammer Price the price in the currency in which the Sale is conducted at which a Lot is knocked down by the Auctioneer.

Hammer Price means the level of the highest bid for a Lot accepted by the Auctioneer by the fall of the hammer;

Hammer Price means the bid or offer made by the buyer for any lot that is finally accepted by the auctioneer (after determination by the auctioneer of any dispute that may exist in respect thereof) at a sale of that lot, together with VAT thereon (if any);

Hammer Price means the price at which a Lot is knocked down by the Auctioneers to the Buyer exclusive of any Value Added Tax and Buyer’s Premium.

Hammer Price means the amount offers by the Buyer and accepted by Hilco at Auction in respect of the relevant Equipment;