Opening Bid definition

Opening Bid is an opening bid price set by the Auctioneer when there is more than one (1) registered Bidder for a Property.
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Opening Bid means the minimum monthly rent for a tenancy of the Premises.
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Opening Bid has the meaning set forth in Section 10.2(c)(i) of the Agreement.
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Examples of Opening Bid in a sentence

  • The Opening Bid will be shown on the Auction Hall Screen and E-Bidder’s Bidding Screen (collectively, “Screen”) as “Opening Bid”.

  • Fourth Suit Forcing: A bid in the fourth suit at 2 level forcing to 2NT or 4m Suction over Opponents Opening Bid – Note 14 Splinter bids/fragment jumps by opener Reverses and simple change of suit by opener Forcing after a 2 level response.

  • Any bid by Buyer over the Opening Bid must be in an amount not less than the last bid plus the Overbid Increment (giving Buyer non-cash credit for the Break-Up Fee).

  • Seller acknowledges that an Opening Bid amount, you will be required to login again next time you visit.

  • Once he clicks the “bid” button, a page will open which will show information such as, e-Auction start time e-Auction close time Opening Bid/ Current Highest Bid amount Minimum Bid increment A Bid tab to fill in his own bid Bidder can enter his bid and wait for response on his bid.

  • If at the end of any round of bidding, a Qualified Phase II Bidder (other than the Qualified Phase II Bidder that submitted the Opening Bid for such round) fails to submit an Overbid, then such Qualified Phase II Bidder shall not be entitled to participate further in the Auction.

  • Subject to the provisions of this Paragraph 4 and its subparts, the Letter shall constitute the Opening Bid at the Auction and is subject to overbid.

  • Upon the execution by ▇▇▇▇▇ and Seller of the Definitive Agreement, (i) $10,000,000 shall be defined as the "Opening Bid" and (ii) Buyer shall be defined as the "Opening Bidder." The Opening Bidder shall have certain bidding protections which are identified below.

Related to Opening Bid

  • Winning Bid Rate has the meaning specified in Section 11.10(d)(i) below.

  • Winning Bidder With respect to a Successful Auction, the Qualified Bidder that bids the highest price.

  • bid means a written offer in a prescribed or stipulated form in response to an invitation by an organ of state for the provision of goods or services, through price quotations, advertised competitive bidding processes or proposals;

  • Closing Bid Price and “Closing Sale Price” means, for any security as of any date, the last closing bid price and last closing trade price, respectively, for such security on the Principal Market, as reported by Bloomberg, or, if the Principal Market begins to operate on an extended hours basis and does not designate the closing bid price or the closing trade price, as the case may be, then the last bid price or the last trade price, respectively, of such security prior to 4:00:00 p.m., New York time, as reported by Bloomberg, or, if the Principal Market is not the principal securities exchange or trading market for such security, the last closing bid price or last trade price, respectively, of such security on the principal securities exchange or trading market where such security is listed or traded as reported by Bloomberg, or if the foregoing do not apply, the last closing bid price or last trade price, respectively, of such security in the over-the-counter market on the electronic bulletin board for such security as reported by Bloomberg, or, if no closing bid price or last trade price, respectively, is reported for such security by Bloomberg, the average of the bid prices, or the ask prices, respectively, of any market makers for such security as reported in the OTC Link or “pink sheets” by OTC Markets Group Inc. (formerly Pink OTC Markets Inc.). If the Closing Bid Price or the Closing Sale Price cannot be calculated for a security on a particular date on any of the foregoing bases, the Closing Bid Price or the Closing Sale Price, as the case may be, of such security on such date shall be the fair market value as mutually determined by the Company and the Holder. If the Company and the Holder are unable to agree upon the fair market value of such security, then such dispute shall be resolved pursuant to Section 12. All such determinations to be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or other similar transaction during the applicable calculation period.

  • Bid Opening Date means the date the Bid is opened by the City.