Upset price definition

Upset price means the minimum amount that a foreclosed upon

Upset price means the minimum amount that a foreclosed upon property shall be sold for in a sheriff’s sale as determined by the foreclosing plaintiff.

Upset price means the lowest acceptable price for a parcel.

Examples of Upset price in a sentence

• The selection will be made on the basis of highest premium per square meter quoted by the bidder over and above the Upset price specified in this Tender.

• The Bidder shall quote upfront premium more than the Upset price as indicated in Clause 2.7. The lease period for the project is 90 (Ninety) years commencing from the date of execution of Deed.

• Para No.05: E-Auction Methodology and Terms:a) The bidding shall be on an Upset price per Square Yard.

• The Bidder shall quote upfront premium more than the Upset price as indicated in Clause 2.7. The license period for the project is 30 (Thirty) years commencing from the date of execution of agreement.

• Up-set price for this plot is Rs. /- per sq.m. During auction process, the Bidder/ Applicant/s should quote their proposal/ bid/ tender over and above the minimum amount of plot in the multiples of Rs.100/- per sq.m.; The price quoted by the Bidder/ Applicant/s below the minimum price of plot shall be rejected automatically.

More Definitions of Upset price

Upset price means the General Trustees' estimate of the open market value of the land to be sold assessed on the basis of a sale by a willing seller to a willing purchaser on the same terms and conditions as set out in the statement of terms and where an upset price has been amended by agreement means the amended upset price and where the upset price has been determined by an arbiter means the upset price as so determined.

Upset price means an approximate estimate of the anticipated price in sale by auction or by inviting tenders.

Upset price shall have the meaning specified in Section 14(a).

Upset price has the meaning set forth in Section 5.3(b).

Upset price means the reserve price of the Municipality.

Upset price means a price approved by the Registrar, and such price may be a minimum price at which an item of property may be auctioned or sold or transferred by public sale;

Upset price means the minimum price the City will accept for a parcel of land. BACKGROUNDLand development within the City of Whitehorse has a complex history in relation to which agency or level of government has the responsibility for the planning, design, approvals and ultimate development. In an effort to provide greater clarity of the roles and responsibilities of each party, the City of Whitehorse and Yukon Government entered into a Land Development Protocol in 2006.The 2006 Land Development Protocol states that the City of Whitehorse will be responsible for the planning, design, consultation and approvals for land development in the City and the Yukon Government will be responsible for the physical development and ultimate sale of the developed land. Through this process, the City is taking a more active role in development of land in Whitehorse.The City of Whitehorse and the Yukon Government have strived to maintain a two year supply of building lots on inventory. This goal was to ensure that the building industry would have a supply of lots to draw upon and the general public would be able to purchase a lot of their choice over the counter as opposed to through a lottery process. The sale of land to the private sector facilitates land development and can generate revenue for the City.The City is working on various residential development projects located on both Yukon Government and City-owned land. This policy is intended to provide guidance on how disposition of City-owned land will take place. DISPOSITION PROCEDURE