Auction Date Sample Clauses
The Auction Date clause establishes the specific date on which an auction will take place. It typically outlines when and where the auction will be held, and may include provisions for rescheduling in case of unforeseen circumstances. By clearly defining the timing of the auction, this clause ensures all parties are aware of the schedule, reducing confusion and facilitating proper preparation for the event.
Auction Date. Friday, June 28th, 2024 at 4 PM *** Bids at 4 PM extend auction 2 minutes, and each bid during extension(s) restart 2-minute extension See Paragraph 16 that addresses the “SOFT CLOSE”.
Auction Date. Day Month Year
Auction Date. In making such determination the Broker-Dealer(s) will consider (1) existing short-term and long-term market rates and indices of such short-term and long-term rates, (2) existing market supply and demand for short-term and long-term securities, (3) existing yield curves for short-term and long-term securities comparable to the Preferred Shares, (4) industry and financial conditions which may affect the Preferred Shares, (5) the investment objectives of the Trust, and (6) the Dividend Periods and dividend rates at which current and potential beneficial holders of the Preferred Shares would remain or become beneficial holders. After providing the Request for Special Dividend Period to the Auction Agent and each Broker-Dealer as set forth above, the Trust may by no later than the second Business Day prior to such Auction Date give a notice (a "Notice of Special Dividend Period") to the Auction Agent, the Securities Depository and each Broker-Dealer which notice will specify (i) the duration of the Special Dividend Period, (ii) the Optional Redemption Price as specified in the related Response and (iii) the Specific Redemption Provisions, if any, as specified in the related Response. The Trust also shall provide a copy of such Notice of Special Dividend Period to Fitch, Moody's and any Substitute Rating Age▇▇▇. ▇▇e Trust shall not give a Notice of Special Dividend Period and, if the Trust has given a Notice of Special Dividend Period, the Trust is required to give telephonic and written notice of its revocation (a "Notice of Revocation") to the Auction Agent, each Broker-Dealer, and the Securities Depository on or prior to the Business Day prior to the relevant Auction Date if (x) either the 1940 Act Preferred Shares Asset Coverage is not satisfied or the Trust shall fail to maintain both Fitch Preferred Shares Asset Coverage and Moody's Preferred Shares Asset Covera▇▇, ▇▇ each of the two Valuation Dates immediately preceding the Business Day prior to the relevant Auction Date on an actual basis and on a pro forma basis giving effect to the proposed Special Dividend Period (using as a pro forma dividend rate with respect to such Special Dividend Period the dividend rate which the Broker-Dealers shall advise the Trust is an approximately equal rate for securities similar to the Preferred Shares with an equal dividend period) or (y) sufficient funds for the payment of dividends payable on the immediately succeeding Dividend Payment Date have not been irrevocabl...
Auction Date. December 15, 2020
Auction Date. The Property will be sold at public auction, to be conducted on November 15, 2017 @ 10:00 am or an alternate date agreed upon in writing, and at a time and location to be reasonably agreed upon by ▇▇▇▇▇▇, Auctioneer, and Owner.
Auction Date. The date of the auction will be at the time set forth in the listing agreement for sale at auction between the seller of the Real Estate (the “Seller”) and McCurdy. (the “Auction Date”).
Auction Date. Whenever the Trust intends to include any additional amounts in a dividend as provided in Section 3 of Part I of the Certificate, the Trust will notify the Auction Agent of such additional amounts to be so included in such dividend at least five Business Days prior to the applicable Dividend Payment Date. Whenever the Auction Agent receives such notice from the Trust, in turn it will notify the Securities Depository and BD, who, on or prior to the applicable Dividend Payment Date, will notify its Beneficial Owners.
Auction Date. Monday, June 10th at 11AM (EST). Each bid received within the last 2 minutes of the auction ending will initiate an automatic extension of auction an additional 2 minutes allowing for additional bids until the close of auction. See Paragraph 16 that addresses the “SOFT CLOSE”.
Auction Date. 5,39 Auction Procedures............................................... 37
Auction Date. ISSUE: ___________________ SERIES: _________ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ THE UNDERSIGNED Broker-Dealer SUBMITS THE FOLLOWING ORDERS ON BEHALF OF THE BIDDER(S)