Auction Window Sample Clauses
The Auction Window clause defines the specific period during which an auction is open for bids. Typically, this clause outlines the exact start and end times for the auction, ensuring all participants are aware of when they can submit offers. For example, it may state that bids are only accepted between 9:00 AM and 5:00 PM on a given date. The core function of this clause is to provide a clear and fair timeframe for all parties, preventing confusion or disputes about when bids are valid and ensuring an orderly auction process.
Auction Window. The Auction Agent shall conduct the Auction exclusively through the Website during the times and dates set for the Auction as disclosed on the Website and the Auction Document unless the Auction is extended in accordance with the following sentence (the “Auction Window”). Notwithstanding the foregoing, during the final two (2) minutes of the Auction, if there is a change in the Market-Clearing Price, or a change in the allocation of the Depositary Shares, the Auction will automatically be extended two (2) minutes from the time of such change (each occurrence, a “Two-Minute Extension”). In no event will such Two-Minute Extensions extend the Auction more than fifteen (15) minutes beyond the originally specified Auction Period.
Auction Window. 9.1 On days with a scheduled Auction, the Eligible Counterparties shall submit their bids from 1.40 pm to 2.00 pm. In respect of any bid that is submitted by an Eligible Counterparty after 2.00pm, the Authority shall have sole discretion to decide whether to accept the bid. 11 If the successful Eligible Counterparty elects to adopt triparty settlement for Specified Collateral and also intends to use SGD cash as collateral (which should be settled bilaterally with the Authority), such Eligible Counterparty shall only be required to specify the amount of USD funds which it intends to obtain through the Facility using the SGD cash collateral in the template. Information on the Specified Collateral does not need to be included.