Successful Auction definition

Successful Auction. An auction held pursuant to Section 9.04 at which at least three Qualified Bidders submitted bids and at least one of those bids was an Acceptable Bid Amount.
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Successful Auction. (i) An Auction which is conducted in accordance with Section 9.2(b) or (ii) the purchase of Collateral Debt Securities by the Collateral Manager or its Affiliates for a price equal to the Total Redemption Price pursuant to Section 12.4(c).
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Successful Auction means an Auction for which there were Sufficient Clearing Bids.
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Examples of Successful Auction in a sentence

  • Buyback kWh means the kWh of electricity generated by the EFR Facility which is fed from the EFR Facility into the system of Belmont Light in an applicable Billing Period.

  • Successful Auction Purchaser will remit the balance75% amount of Govt.

  • The following certifications (1) to (7) will be required of each Qualified Bidder and will apply from the time of qualification until the Declaration of a Successful Auction or until the ICC has taken action regarding the auction results.

  • The term " Excess Successful Auction Lot Resources" means, for aan Auction Lot subject to a Secondary CDS Auction, excess Auction Lot Resources from one or more other Auction Lots (other than Failed Auction Lots) in excess of the amount necessary to pay the amounts owed for all CDS Contracts at the Primary CDS Auction Clearing Prices or Secondary CDS Auction Prices (as applicable) for such other Auction Lot(s).

  • Successful Auction Purchaser shall bear the cost of transfer and compliances in his favor, administrative expenses of monitoring committee including fees payable to the Chairman and out of pocket expenses.

  • The term " Excess Successful Auction Lot Resources" means, for an Auction Lot subject to a Secondary CDS Auction, excess Auction Lot Resources from one or more other Auction Lots (other than Failed Auction Lots) in excess of the amount necessary to pay the amounts owed for all CDS Contracts at the Primary CDS Auction Clearing Prices or Secondary CDS Auction Prices (as applicable) for such other Auction Lot(s).

  • In exceptional circumstances, with prior intimation to the Liquidator in writing with reasons recorded for delay, the Successful Auction Purchaser may be allowed to make the balance sale consideration of 75% beyond a period of 90 days (along with intere st @12% p.a.) provided the Liquidator and SCC is satisfied with the reasons recorded and documentary evidence placed with such request.

  • Hence, the Appellant cannot be heard in contending that he should realize the said amount from the Successful Auction Purchaser.

  • Purchases with an estimated value of $5,001 but less than or equal to $14,999 for any item or group of items shall be made with the approval of the Maintenance & Support Department (herein named Business Services).

  • Each winning bidder must prove its initial creditworthiness as provided in the applicable SFC, pay the Supplier Fee provided in such SFC, sign such SFC, and submit it to the Company thereby becoming a supplier no later than the end of business on the second business day following the Declaration of a Successful Auction Date.


More Definitions of Successful Auction

Successful Auction. As defined in Section 3.18(b).
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Successful Auction means an Auction for which there were Sufficient Clearing Bids (as defined in the Revenue Bond Indenture).
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Successful Auction. As defined in Section 3.18(b). “Successor”: As defined in Section 6.03(b). “Taxes”: Any income or other taxes (including withholding taxes), levies, imposts, duties, fees, assessments or other charges of whatever nature, now or hereafter imposed by any jurisdiction or by any department, agency, state or other political subdivision thereof or therein. “Total Redemption Price”: As defined in the Indenture. “Transaction Documents”: As defined in the Indenture. “Trustee”: As defined in the Preamble hereto. “Trustee Termination Event”: As defined in Section 7.07. 00000000.00.XXXXXXXX -30-
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Successful Auction means either Cricket Reauction or Denali License or both of them is the Winning Bidder for one or more FCC Licenses pursuant to Auction 66.
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Successful Auction. Either (i) an auction that is conducted in accordance with the provisions specified in the Indenture, which includes the requirement that the aggregate cash purchase price for all the Mortgage Assets, together with the balance of all Eligible Investments and cash in the Payment Account, will be at least equal to the Total Redemption Price or (ii) the purchase of all of the Mortgage Assets by the Majority of Class G Noteholders for a price that, together with the balance of all Eligible Investments and cash in the Payment Account, is equal to the Total Redemption Price.
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Related to Successful Auction

  • Successful Bid means the Bid of the Successful Bidder for acquisition of the Corporate Debtor on Going Concern basis as declared by the Liquidator as per this Process Memorandum;

  • Successful Bidder” or “Successful E-Auction Process Participant means, the Qualified Bidder whose bid is approved and who is declared successful by the Liquidator at the end of the determined auction phase.C. INTRODUCTION

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

  • Successful Bidder(s) means the bidder(s) to whom work in this tender is awarded.

  • Successful Completion means that in the reasonable opinion of the Customer, Deliverables completed by the Supplier are fit for purpose, completed on time and otherwise meet all the criteria defined under this Contract;

  • Successful Vendor means the organization or person with whom the order is placed or who is contracted to execute the work as detailed in the bid.

  • Successful Remarketing means, as applicable, a Successful Optional Remarketing or a Successful Final Remarketing.

  • Successful Proposer means any Proposer selected by the University to receive an Award as a result of this RFP and to enter into a Contract to provide the University with the products or services sought by this RFP.

  • Supplier/ Successful or Selected bidder means the person, private or government entity, or a combination of the above, whose Bid to perform the Contract has been accepted by the Purchaser and is named as such in the Agreement, and includes the legal successors or permitted assigns of the successful/ selected bidder.

  • Selected Bidder or Successful Bidder means the Bidder selected pursuant to this RfS to set up the Project and supply electrical output as per the terms of PPA.

  • Successful Proponent means a Proponent who the City may award the agreement to, as a result of this RFP document.

  • LIBOR Auction means a solicitation of Money Market Quotes setting forth Money Market Margins based on the London Interbank Offered Rate pursuant to Section 2.03.

  • Dutch Auction means an auction (an “Auction”) conducted by Holdings or one of its Subsidiaries in order to purchase any Term Loans under a Tranche (the “Purchase”) in accordance with the following procedures or such other procedures as may be agreed to between the Administrative Agent and the Borrower:

  • Reverse auction means a procurement method in which offerors are invited to bid on specified goods or services through online bidding and real-time electronic bidding. During an electronic bidding process, offerors’ prices or relative ranking are available to competing offerors and offerors may modify their offer prices until the closing date and time.

  • Successful Applicant means an “employee applicant” or “applicant” who has been offered employment within this Bargaining Unit by the Employer.

  • Successful Syndication shall have the meaning given to such term in the Fee Letter.

  • Reverse auctioning means a procurement method wherein bidders are invited to bid on specified goods or nonprofessional services through real-time electronic bidding, with the award being made to the lowest responsive and responsible bidder. During the bidding process, bidders' prices are revealed and bidders shall have the opportunity to modify their bid prices for the duration of the time period established for bid opening.

  • Absolute Rate Auction means a solicitation of Money Market Quotes setting forth Money Market Absolute Rates pursuant to Section 2.03.

  • Incremental Auction means any of several auctions conducted for a Delivery Year after the Base Residual Auction for such Delivery Year and before the first day of such Delivery Year, including the First Incremental Auction, Second Incremental Auction, Third Incremental Auction or Conditional Incremental Auction. Incremental Auctions (other than the Conditional Incremental Auction), shall be held for the purposes of:

  • Failed Remarketing Condition means a Failed Remarketing Condition-Purchased VRDP Shares or a Failed Remarketing Condition-Unpurchased VRDP Shares.

  • Successful Tenderer means the Tenderer declared technically and financially successful for the Project and with whom, the Contract Agreement shall be signed.

  • E-Auction Process /”E-Auction” shall mean the electronic auction process for sale of the Company conducted in accordance with the provisions of IBC, Liquidation Process Regulations, Applicable Law(s) and this E- Auction Process Information Document inviting Bid from the Bidders for consummating the sale of Company on going concern basis in accordance with the provisions of IBC and Liquidation Process Regulations;

  • Auction Date means the first Business Day preceding the first day of a Dividend Period.

  • public auction means a method of sale where goods or services are offered by the trader to consumers, who attend or are given the possibility to attend the auction in person, through a transparent, competitive bidding procedure run by an auctioneer and where the successful bidder is bound to purchase the goods or services;

  • Failed Remarketing has the meaning specified in Section 5.4(b)(ii).

  • Day Case Procedure means a Medically Necessary surgical procedure for investigation or treatment to the Insured Person performed in a medical clinic, or day case procedure centre or Hospital with facilities for recovery as a Day Patient.