Auctions Sample Clauses

Auctions. Lessee shall not conduct, nor permit to be conducted, either voluntarily or involuntarily, any auction upon the Premises or the Common Areas without first having obtained Lessor's prior written consent. Notwithstanding anything to the contrary in this Lease, Lessor shall not be obligated to exercise any standard of reasonableness in determining whether to grant such consent. The holding of any auction on the Premises or Common Areas in violation of this paragraph shall constitute a material default of this Lease.
Auctions. The Lead/Customer Organisation shall be entitled to formulate its Statement of Requirements in accordance with paragraph 3 above and invite the Contractor to a further competition using a reverse auction in accordance with the rules laid down by the Lead/Customer Organisation in accordance with the Regulations prior to the commencement of any such further competition. The Contractor acknowledges that the Lead/Customer Organisation may wish to undertake an electronic reverse auction, where Framework Contractors compete in real time by bidding lower as the auction unfolds ("Electronic Reverse Auction"). Before undertaking an Electronic Reverse Auction, the Lead/Customer Organisation will make an evaluation of all proposals against all criteria other than those which will be the subject of the Electronic Reverse Auction. The Lead/Customer Organisation will inform the Framework Contractors of the specification for the Electronic Reverse Auction which shall include: the information to be provided at auction, which must be expressed in figures or percentages; the mathematical formula to be used to determine automatic ranking of bids on the basis of new prices and/or new values submitted; any limits on the values which may be submitted; a description of any information which will be made available to Framework Contractors in the course of the Electronic Reverse Auction, and when it will be made available to them; the conditions under which Framework Contractors will be able to bid and, in particular, the minimum differences which will, where appropriate, be required when bidding; relevant information concerning the electronic equipment used and the arrangements and technical specification for connection; the date and time of the start of the Electronic Reverse Auction; and details of when and how the Electronic Reverse Auction will close. The Electronic Reverse Auction may not start sooner than two (2) Working Days after the date on which the specification for the Electronic Reverse Auction has been issued. Throughout each phase of the Electronic Reverse Auction the Lead/Customer Organisation will communicate to all Framework Contractors sufficient information to enable them to ascertain their relative ranking. The Contractor acknowledges and agrees that: the Lead/Customer Organisation and its officers, servants, agents, group companies, assignees and customers (including the Authority) do not guarantee that its access to the Electronic Reverse Auction will be un...
Auctions. Tenant shall not conduct, nor permit to be conducted, either voluntarily or involuntarily, any auction upon the Premises or the Common Areas. The holding of any auction on the Premises or Common Areas in violation of this Section 45 shall constitute a material default hereunder.
Auctions. Tenant shall not conduct or permit to be conducted any sale by auction in, upon or from the Premises whether said auction be voluntary, involuntary, pursuant to any assignment for the payment of creditors or pursuant to any bankruptcy or other insolvency proceeding.
Auctions. Tenant shall not conduct, nor permit to be conducted, either voluntarily or involuntarily, any auction upon the Premises without first having obtained Landlord's prior written consent.