Without Reserve definition

Without Reserve where there is no minimum price at which a Lot may be sold (whether at auction or by private treaty). GLOSSARY The following expressions have specific legal meanings with which you may not be familiar. The following glossary is intended to give you an understanding of those expressions but it is not intended to limit their legal meanings:
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Without Reserve means Absolute.
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Without Reserve means Absolute. UNLESS SPECIFICALLY AND EXPRESSLY STATED BY AUCTIONEER IN WRITING, NO PROPERTY IS BEING EXPOSED FOR SALE AT ABSOLUTE AUCTION OR WITHOUT RESERVE.
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Examples of Without Reserve in a sentence

  • Auction Without Reserve: An auction in which property put up for sale is sold to the highest bidder; where no minimum price will limit the bid; where the seller may not withdraw the property from the auction after the auctioneer calls for bids thereon, unless no bid is made within a reasonable time; and where the seller may not nullify the sale by bidding himself or through an agent.

  • It shall be a violation of this Rule to advertise an item, either real or personal, as "Absolute" or "Without Reserve" if the item is subject to confirmation, minimum bid, or any other condition of sale.

  • An agreed Reserve or the agreement that the Lot is to be sold Without Reserve cannot be altered without our written consent.

  • Such outages can10 immediately reduce supplies available to customers.11 Without Reserve Capacity, the system would be immediately12 short of supplies, especially on a high-demand day.

  • During construction, each owner and builder shall be responsible for keeping the streets and adjacent lots clean and free of debris.

  • SR Without Reserve If the lots contained in the catalogue are not marked with this symbol, they are subject to a sale with reserve.

  • Weiner, Monetary Policy Without Reserve Requirements: Analytical Issues, FED.

  • DePaul College of Law Follow this and additional works at: https://via.library.depaul.edu/law-review Recommended Citation DePaul College of Law, Contracts - Commencement of Bidding at Auction "Without Reserve" Precludes Withdrawal of Property, 3 DePaul L.

  • If the Contract Form states that the Reserve is “zero”, “sell” or “0” or that the Lot is to be sold Without Reserve or that there is no Reserve, it is agreed that the Lot will be sold Without Reserve.

  • If the Contract Form states that the Reserve is “0” this denotes an agreement that the Lot will be sold Without Reserve.


More Definitions of Without Reserve

Without Reserve means Absolute. dd. “YOU” means a Bidder.
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Without Reserve where there is no minimum price at which a Lot may be sold (whether at auction or by Private Treaty). GLOSSARY The following expressions have specific legal meanings with which you may not be familiar. The following Glossary is intended to give you an understanding of those expressions but is not intended to limit their legal meanings:
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Without Reserve auctions means seller must sell as soon as the first bid is made…seller loses rights to withdraw once the first bid has been made and must sell to the highest bidder
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Related to Without Reserve

  • Developed with mixed funding means development was accomplished partially with costs charged to indirect cost pools and/or costs not allocated to a government contract, and partially with costs charged directly to a government contract.

  • Deficit means an excess of liabilities and reserves of a fund over its assets.

  • Unrealized losses means the fair market value of the cost to such Person of replacing such Rate Management Transaction as of the date of determination (assuming the Rate Management Transaction were to be terminated as of that date), and “unrealized profits” means the fair market value of the gain to such Person of replacing such Rate Management Transaction as of the date of determination (assuming such Rate Management Transaction were to be terminated as of that date).

  • Stock Equivalents means all securities convertible into or exchangeable for Stock and all warrants, options or other rights to purchase or subscribe for any Stock, whether or not presently convertible, exchangeable or exercisable.

  • Refunding Capital Stock has the meaning assigned to such term in Section 6.04(a)(viii).

  • Treasury Shares means Shares that were previously issued but were purchased, redeemed, surrendered or otherwise acquired by the Company and not cancelled.

  • Treasury Share means a Share held in the name of the Company as a treasury share in accordance with the Statute.

  • Partnership Minimum Gain has the meaning set forth in Regulations Section 1.704-2(b)(2), and the amount of Partnership Minimum Gain, as well as any net increase or decrease in Partnership Minimum Gain, for a Partnership Year shall be determined in accordance with the rules of Regulations Section 1.704-2(d).

  • Disqualified Stock means, with respect to any Person, any Capital Stock of such Person which by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable) or upon the happening of any event:

  • Class B Interest Carryover Shortfall means, with respect to any Payment Date, the excess, if any, of (x) the Class B Interest Distributable Amount for such Payment Date and any outstanding Class B Interest Carryover Shortfall from the immediately preceding Payment Date (together with interest on such outstanding Class B Interest Carryover Shortfall at the Class B Rate, to the extent lawful, calculated on the same basis as interest on the Class B Notes for the same period), over (y) the amount of interest distributed to the Class B Noteholders on such Payment Date.

  • Section 502(b)(10) changes means changes that contravene an express permit term or condition. Such changes do not include changes that would violate applicable requirements or contravene federally enforceable permit terms and conditions that are monitoring (including test methods), recordkeeping, reporting, or compliance certification requirements.

  • Current Interest With respect to each Class of Certificates and any Distribution Date, the aggregate amount of interest accrued at the applicable Certificate Interest Rate during the related Accrual Period on the Class Principal Amount or Class Notional Amount, as applicable, of such Class prior to any distributions of principal, allocations of Realized Losses or allocations of Certificate Writedown Amounts prior to such Distribution Date.