Open Sale definition

Open Sale means the sale by which the Seller may accept any of the offers above the price fixed at its discretion and according to its own selling criteria and refuse to sell the Equipment if the offers to purchase he receives are below the Start Price. The best offer received at the end of the sale period greater than or equal to the Start Price automatically wins the sale.
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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.
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Examples of Open Sale in a sentence

  • In the event that the Warrant or the Warrant Shares are not sold or otherwise transferred by the Holder during the Restricted Open Sale Period in accordance with the provisions of this Section 1.1(b), the right of the Holder to transfer the Warrant or the Warrant Shares shall expire and the obligations set forth in this Section 1.1(b) shall be reinstated.

  • If any Transfer Stock is not sold or transferred pursuant to the provisions of this Section 2.2 prior to the expiration of the Open Sale Period, such Transfer Stock again shall become subject to the provisions and restrictions hereof.

  • Any Stock sold to an Open Sale Purchaser under this Section 5.2 shall be held by such Open Sale Purchaser free and clear of the rights and restrictions contained in this Agreement.

  • As for the Open Sale Period, the starting price of one Token equals to US$ 0.25 or above.

  • To the extent the Selling Shareholder sells the shares of Parent Common Stock so offered for sale during the Open Sale Period, the Selling Shareholder shall promptly notify Parent as to (i) the number of shares of Parent Common Stock, if any, that the Selling Shareholder then owns, (ii) the number of shares of Parent Common Stock that the Selling Shareholder has sold, (iii) the terms of such sale and (iv) if known, the name of the owner(s) of any shares of Parent Common Stock sold.

  • To the extent the Selling Stockholder Sells the Stock so offered for sale during the Open Sale Period, the Selling Stockholder shall promptly notify the Company, and the Company shall promptly notify the Other Stockholders, as to (i) the amount of Stock, if any, that the Selling Stockholder then owns, (ii) the amount of Stock that the Selling Stockholder has Sold, (iii) the terms of such Sale and (iv) the name of the purchaser(s) of any Stock Sold (the “Open Sale Purchaser(s)”).

  • The total amount of the Tokens, created through the Ethereum smart contract system and offered for sale during the Early Adopters Sale Period and Open Sale Period is 1,000,000,000 CAN Tokens.

  • As for the Open Sale Period, the price of one Token equals to US$ 0.10.

  • If the Network or the Channel Entity does not enter into a Sale Agreement within the Open Sale Period, the Network or the Channel Entity, as the case may be, must fully comply with the terms of this provision if it considers a Sale Transaction.

  • Exact start date of Open Sale Period will be determined within one calendar month from the end of Early Adopters Sale Period.

Related to Open Sale

  • FICASH III Transaction means a repurchase transaction in which the Repurchase Date is the Banking Day next following the Sale Date and for which securities issued by the government of the United States of America that are direct obligations of the government of the United States of America shall constitute Eligible Securities.

  • Open Market Share Purchase shall have the meaning specified in Section 2(I).

  • FICASH II Transaction means a repurchase transaction in which the Repurchase Date is the Banking Day next following the Sale Date and for which one or more of the following two categories of securities, as specified by the Funds, shall constitute Eligible Securities: (x) securities issued by the government of the United States of America that are direct obligations of the government of the United States of America, or (y) securities issued by or guaranteed as to principal and interest by the government of the United States of America, or by its agencies and/or instrumentalities, including, but not limited to, the Federal Home Loan Bank, Federal Home Loan Mortgage Corp., Government National Mortgage Association, Federal National Mortgage Association, Federal Farm Credit Bank, Federal Intermediate Credit Bank, Banks for Cooperatives, and Federal Land Banks.

  • Open Market Purchase shall have the meaning specified in Section 2(I)

  • Roll-Up Transaction means a transaction involving the acquisition, merger, conversion or consolidation either directly or indirectly of the Company and the issuance of securities of a Roll-Up Entity to the holders of Common Shares. Such term does not include: