High Bidder definition

High Bidder means the Bidder recognized by Auctioneer as having made the High Bid with respect to a parcel of Real Property.
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High Bidder means the Bidder recognized by Auctioneer as having made the High Bid with respect to a Lot or a parcel of Real Property.
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High Bidder means the Bidder recognized by Auction Firm as having made the High Bid on a Lot. "Lot" means each individual item or grouping of personal property put up at one time by Auction Firm.
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Examples of High Bidder in a sentence

  • The wire-transfer information will be provided at the time you are deemed the High Bidder for the property.

  • If High Bidder fails to timely send the ▇▇▇▇▇▇▇ Money Deposit, then Auctioneer or Seller can declare the High Bidder to be in default and the backup bidder's Purchase Contract can be signed.

  • The High Bidder may not assign its rights and responsibilities under this Acknowledgment without the prior written approval of HUD.

  • If the initial non-refundable ▇▇▇▇▇▇▇ Money Deposit does not equal Ten Percent (10%) of the Total Purchase Price, High Bidder shall be required to pay the additional monies necessary to bring the ▇▇▇▇▇▇▇ Money Deposit to ten percent (10%) of the Total Purchase Price no later than three days following Auction day.

  • In which case the High Bidder shall forfeit the ▇▇▇▇▇▇▇ Money Deposit and any Extension Fees paid.

  • In connection with any due diligence, inspection, visit and/or investigation of the Property by prospective purchasers, Bidders and/or High Bidder or any person or entity on their behalf (the "Inspectors"), shall (1) keep the Property free and clear of liens, (2) repair all damage arising from such inspection, and (3) indemnify, defend and hold Seller, Broker and Auctioneer harmless from all liability, claims, demands, damages and/or costs directly or indirectly arising there from.

  • A written statement in the Post-Bid Document Submittals the High Bidder provides for HUD to determine whether to grant approval as Approved High Bidder of the Property.

  • If contacted, the Second Highest bidder or succeeding bidder will be offered the opportunity to purchase the Property and will be given twenty-four (24) hours to submit evidence of eligibility to bid, the ▇▇▇▇▇▇▇ Money Deposit and execute the Acknowledgment, and thereby will become the High Bidder.

  • If the High Bidder does not meet this obligation, HUD reserves the right to reject the bid and retain the High Bidder’s ▇▇▇▇▇▇▇ Money Deposit and any Extension Fees paid.

  • If contacted by HUD, the Second High bidder or succeeding bidder will be offered the opportunity to purchase the Project and will be given twenty-four (24) hours to submit the ▇▇▇▇▇▇▇ money deposit and execute the Acknowledgment, and thereby will be deemed as the High Bidder.


More Definitions of High Bidder

High Bidder shall have the meaning set forth in Section 3.3.2.2.
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High Bidder means the Bidder recognized by Auctioneer as having made the High Bid with respect to the Real Property.
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High Bidder means the Bidder recognized by Auctioneer as having made the High Bid on the Property.
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Related to High Bidder

  • Qualified Bidder As defined in Section 7.01(c).

  • Qualified Bidder(s) means a Bidder who fulfills the eligibility criteria listed out in the E-Auction Process Information Document.

  • Bidder/Bidding Company means Bidding Company submitting the Bid. Any reference to the Bidder includes Bidding Company / including its successors, executors and permitted assigns as the context may require;

  • Highest Bidder means the Bidder, who quotes the highest License Fees

  • Designated Bidder means (a) an Eligible Assignee or (b) a special purpose corporation that is engaged in making, purchasing or otherwise investing in commercial loans in the ordinary course of its business and that issues (or the parent of which issues) commercial paper rated at least "Prime-1" (or the then equivalent grade) by ▇▇▇▇▇'▇ or "A-1" (or the then equivalent grade) by S&P that, in the case of either clause (a) or (b), (i) is organized under the laws of the United States or any State thereof, (ii) shall have become a party hereto pursuant to Section 8.07(d), (e) and (f) and (iii) is not otherwise a Lender.