Traditional Auction definition

Traditional Auction means an auction where potential Buyers physically attend the auction premises to place bids on the Assets by non online means. Term means the period commencing on the Commencement Date and expiring on the earliest of the following dates:

Examples of Traditional Auction in a sentence

  • Please check the Terms and Conditions on the specific property listing for details.With Traditional Auction, you’ll need to complete within 28 days of the exchange taking place.

  • It will be listed as either ModernMethod of Auction or Traditional Auction terms and the fees and specific conditions may vary from property to property.Review the documents to ensure that you can meet the conditions of the auction type including you have the funds for the deposit and fees due.

  • To help you, each property has a Buyer Information Pack, which we highly recommend is reviewed carefully before bidding.We’d always recommend reviewing the pack with your Solicitor, this is particularly true of Traditional Auction.

  • Unlike Traditional Auction, exchange of contracts does not take place straight away when a bid is accepted.

  • With Traditional Auction your Solicitor must review the detail within the pack before the auction, to ensure the timescales are met.You’ll first need to create an account on iamsold.co.uk to download the pack.

  • Traditional Auction where the timescale is 28 days) giving you time to arrange a mortgage.2 ADDITIONAL SECURITYThe buyer and seller enter a binding Reservation Agreement, committing them to completing the purchase.

  • Traditional Auction versus RA Comparison Analysis.Adapted from Kuo, Roger, & White (2000).

  • E2.3 Item No. 2 – Buyers Fee (General Merchandise) – Traditional Auction shall be any additional commission or payment charged to the purchaser of the goods indicated in Item No. 1 (General Merchandise) – Traditional Auction.

  • The Four County planning area which is located in the northern Sacramento Valley within the Sacramento River Hydrologic Area currently encompasses the five Counties of Butte, Colusa, Glenn, Sutter and Tehama as depicted in the map attached as Appendix 4.

  • Traditional Auction where the timescale is 28 days) giving you time to arrange a mortgage.

Related to Traditional Auction

  • 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.

  • National Assembly (“Cynulliad Cenedlaethol”) means the National Assembly for Wales;

  • 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.

  • 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;

  • Assisted amusement device means an amusement device, skill device, or ride

  • 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;

  • 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:

  • Techno-Commercial Bid means proposal submitted by the Bidder in accordance with Clause 8.15.1;

  • operational area means a work unit providing a distinct service that may include one of the following areas: domestic services, food services, laundry/linen services and the work of aides and orderlies and similar operational work

  • Substantial U.S. Market Interest means “substantial U.S. market interest” as that term is defined in Regulation S;

  • Tube housing assembly means the tube housing with tube installed. It includes high-voltage and/or filament transformers and other appropriate elements when such are contained within the tube housing.

  • Educational activity means an activity offered by a school, school district, charter school or county office of education that constitutes an integral fundamental part of elementary and secondary education, including, but not limited to, curricular and extracurricular activities.

  • Base Residual Auction means the auction conducted three years prior to the start of the Delivery Year to secure commitments from Capacity Resources as necessary to satisfy any portion of the Unforced Capacity Obligation of the PJM Region not satisfied through Self- Supply.

  • Recreational area means areas, excluding private single family residential areas, designated for active play, recreation or public assembly in parks, sports fields, picnic grounds, amphitheaters or golf course tees, fairways, roughs, surrounds and greens.

  • Downtown area means the business area of a community that is centrally located within the community within the context of the Iowa main street program.

  • 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

  • Residential area means land used as a permanent residence or domicile, such as a house, apartment, nursing home, school, child care facility or prison, land zoned for such uses, or land where no zoning is in place.

  • Loose-fitting facepiece means a respiratory inlet covering that is designed to form a partial seal with the face.

  • Relevant market area means as follows:

  • Specified anatomical areas means and includes:

  • 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.

  • City Solicitor means the City employee holding that office or, if applicable, the successor to the authority or responsibility of such office;

  • Tight-fitting facepiece means a respiratory inlet covering that forms a complete seal with the face.

  • Residential Zone means a zone earmarked for buildings exclusively designed for human habitation and in no case shall include its use in whole or a part thereof for any other purpose e.g commercial activities, school, institution, shop, office, clinic, beauty parlor, guest house, marriage center, gymnasium, tuition center, club activities, work-shop, store or godown etc. or for the purpose of political, religious and sectarian activities. It includes parks, gardens, play grounds, sector shops and other open spaces located in the area earmarked in the residential zone.

  • Residential Development means lands, buildings or structures developed or to be developed for residential use;

  • Market Area means: (1) New York County, New York, and (3) any geographic area in which the Company is conducting any material amount publishing or development of technology during the Term, and for which he has material responsibilities or about which he has material Confidential Information; and