Auction Fee Clause Samples
An Auction Fee clause defines the charges or fees that must be paid by participants or sellers in connection with an auction. Typically, this clause specifies the amount or percentage of the fee, who is responsible for payment, and when the fee is due—such as upon registration, upon sale, or at another specified time. For example, the clause may require the winning bidder to pay a buyer’s premium or the seller to pay a commission to the auctioneer. Its core practical function is to ensure transparency and clarity regarding the financial obligations associated with participating in the auction, thereby preventing disputes over payment and setting clear expectations for all parties involved.
Auction Fee. The report must be submitted in any form required by the solicitation. Reports are due on a quarterly basis and must be received by NASPO ValuePoint no later than thirty (30) days after the end of the reporting period. Reports must be delivered to NASPO ValuePoint electronically through a designated portal or other method as determined by NASPO ValuePoint. Detailed sales data reports must include sales information for all sales/revenues under Participating Addenda executed under this Master Agreement.
Auction Fee. The Seller agrees to pay ▇▇▇ ▇▇▇▇/ ▇▇▇▇▇▇ Auction a real estate commission/auction fee equal to 5% of the total sales price of the property achieved on sale day. This commission is payable at closing.
Auction Fee. Together with Borrower's submission of each ----------- Competitive Bid Request, Borrower shall pay to Administrative Agent an auction fee in the amount of $2,500, which fee shall be fully earned and nonrefundable upon Administrative Agent's transmittal of the Competitive Bid Request to the Banks, regardless of whether the request is subsequently cancelled by Borrower, any Bid Loans are made by any Bank or Designated Bid Lender in response thereto or any Competitive Bids are accepted by Borrower.
Auction Fee. The Borrower agrees to pay to the ----------- Administrative Agent, for its own account, an auction fee for administering each Competitive Bid Loan auction under Section 2.8 in an amount and to be paid on such dates as agreed between the Borrower and the Administrative Agent.
Auction Fee. The Borrower agrees to pay to the Agent, for the account of the Agent, on the date of issuance of any Notice of B Borrowing, an auction fee in the amount of $3500. Such fee shall be fully earned upon issuance of such Notice of B Borrowing, and shall be nonrefundable without regard to whether or not any B Advances are thereafter made in response to the solicitation of bids made in such Notice of B Borrowing.
Auction Fee. The Consignor agrees to pay an auction fee equal to 10% of the hammer price for each item, unless the hammer price is equal to or above 500 GBP, in which case the auction fee is waived.
Auction Fee. Together with the Borrower's submission of each Competitive Bid Request, the Borrower shall pay to the Agent an auction fee in the amount of $2,500, which fee shall be fully earned and nonrefundable upon the Agent's transmittal of the Competitive Bid Request to the Banks, regardless of whether the request is subsequently cancelled by the Borrower, any Bid Loans are made by any Bank or Designated Bid Lender in response thereto or any Competitive Bids are accepted by the Borrower.
Auction Fee. The Company agrees to pay to the Agent an auction fee in an amount previously agreed, payable on each day that the Company delivers a Money Market Quote Request.
Auction Fee. The Auction Fee will be in the form of a 10% Buyer’s Premium added to the Purchaser’s final bid price and included in the total contract price. When the property is sold during the listing period, through sale by auction or otherwise, Seller shall pay the Auctioneer the above-mentioned Auction Fee from the total contract price, whether the Purchaser is secured by the Auctioneer, by the Seller, by the Auction, or by any other person or means. If the property is sold through negotiation prior to or after the auction, the Auction Fee shall be deducted from the purchase price. Auction Fee is due and payable upon Act of Sale, or in the case of Default, as listed in Paragraph 13. The commissions reflected in the agreement have been negotiated only by the parties to the agreement.
Auction Fee. The Contractor shall pay the auction fee in accordance with the legislation effective on the date when the obligations to make such payment arose.