Highest Auction Price definition

Highest Auction Price. The meaning specified in Section 12.4(b)(iv) hereof.

Highest Auction Price means, with respect to an Auction Call Redemption, the greater of (a) the highest price bid by any Qualified Bidder for all of the Collateral Debt Securities and (b) the sum of the highest prices bid by one or more Qualified Bidders for each Subpool. In each case, the price bid by a Qualified Bidder shall be the Dollar amount which the Collateral Manager certifies to the Trustee based on the Collateral Manager’s review of the bids, which certification shall be binding and conclusive.

Highest Auction Price means the higher of (i) the highest price bid by any Listed Bidder for all of the Collateral Debt Securities or (ii) the sum of the highest prices bid by one or more Listed Bidders (for one or more (but not all) Collateral Debt Securities) for all Collateral Debt Securities in the aggregate. In each case, the price bid by a Listed Bidder will be the dollar amount which the Collateral Manager certifies to the Trustee based on the Collateral Manager’s review of the bids, which certification shall be binding and conclusive.

Examples of Highest Auction Price in a sentence

• If the Highest Auction Price requires the sale of Subpools to more than one bidder, each winning bidder shall contribute to the good faith deposit an amount equal to one percent (1%) of the Aggregate Principal Balance of the Subpool or Subpools to which its bid relates.

• The Trustee will establish a separate account for the acceptance of the good faith deposit, until such time as the winning bidder (or, if the Highest Auction Price requires the sale of Subpools to more than one bidder, each winning bidder) pays the full purchase price in cash, at which time all monies will be transferred into the Collection Accounts, such payment in full of the purchase price to be made by the winning bidder prior to the sixth Business Day following the relevant Auction Date.

• Provided that all of the conditions set forth in this Section 9.2(a)(1) through (4) have been met, the Trustee will sell and transfer the Collateral Interests (or each related Subpool), without representation, warranty or recourse, to the bidder(s) who offered the Highest Auction Price for the Collateral Interests (or the related Subpools) in accordance with and upon completion of the Auction Procedures.

• Partial or full support for equipment may be requested subject to the following circumstances.

• Provided that all of the conditions set forth in clauses (a) through (d) of this Section 9.5 have been met, the Trustee shall sell and transfer the Collateral Debt Securities (or each related Subpool), without representation, warranty or recourse, to the bidder that has offered the Highest Auction Price (or the highest bidder for each Subpool, as the case may be) in accordance with and upon completion of the Auction Procedures.

More Definitions of Highest Auction Price

Highest Auction Price means, in connection with a Redemption, the bid or bids for the Collateral Debt Securities resulting in the highest auction price of one or more Subpools of Collateral Debt Securities. Holder means (i) with respect to any Rated Note, any Rated Noteholder and (ii) with respect to any Income Note, any Income Noteholder, as the context may require.

Highest Auction Price. Means, with respect to an optional redemption as a result of an Auction, the greater of (a) the highest price bid by any Qualified Bidder for all of the Series Allocated Investments and (b) the sum of the highest prices bid by one or more Qualified Bidders for each subpool. In each case, the price bid by a Qualified Bidder shall be the amount in each Eligible Currency that the Investment Manager certifies to the Trustee based on the Investment Manager's review of the bids, which certification shall be binding and conclusive.

Highest Auction Price means, with respect to an Auction Call Redemption, the greater of (a) the highest price bid by any Listed Bidder for all of the Collateral Debt Securities and (b) the sum of the highest prices bid by one or more Listed Bidders for each Subpool. In each case, the price bid by a Listed Bidder shall be the Dollar amount which the Collateral Advisor certifies to the Trustee is based on the Collateral Advisor’s review of the bids, which certification shall be binding and conclusive.

Highest Auction Price means, with respect to an Auction Call Redemption, the highest price bid by any Identified Bidder for all of the Collateral Debt Securities. In each case, the price bid by an Identified Bidder shall be the Dollar amount that the Collateral Manager certifies to the Trustee based on the Collateral Manager's review of the bids, which certification shall be binding and conclusive.

Highest Auction Price means the higher of (i) the highest price bid by any Listed Bidder for all of the Collateral Debt Obligations or (ii) the sum of the highest prices bid by one or more Listed Bidders (for one or more (but not all) Collateral Debt Obligations) for all Collateral Debt Obligations in the aggregate. In each case, the price bid by a Listed Bidder will be the Euro amount which the Collateral Manager certifies to the Trustee based on the Collateral Manager’s review of the bids, which certification shall be binding and conclusive.

Highest Auction Price. In connection with a Redemption, the bid or bids for the Collateral Interests resulting in the highest auction price of one or more Subpools of Collateral Interests.

Highest Auction Price means the higher of (i) the highest price bid by any Listed Bidder for all of the Collateral Debt Securities and any applicable Eligible Investments or (ii) the sum of the highest prices bid by one or more Listed Bidders (for one or more (but not all) Collateral Debt Securities or any applicable Eligible Investments) for all Collateral Debt Securities and any applicable Eligible Investments in the aggregate. In each case, the price bid by a Listed Bidder will be the dollar amount which the Collateral Manager certifies to the Trustee based on the Collateral Manager’s review of the bids, which certification shall be binding and conclusive.