Common use of Highest Bid; Final Purchase Price Clause in Contracts

Highest Bid; Final Purchase Price. Through the live auction, Buyer submitted the Highest Bid in the amount of $ . Because the amount of the Highest Bid exceeds the amount of the Initial Offered Purchase Price, the Highest Bid is the final purchase price for the Transbay Parcel F Property and replaces the Initial Offered Purchase Price (“Final Purchase Price”). If as a result of the live auction no bid is received that exceeds the Initial Offered Purchase Price, the Initial Offered Purchase Price shall become the Final Purchase Price referenced in this Agreement. For the avoidance of doubt, the Final Purchase Price shall be the greater of the Initial Offered Purchase Price or the Highest Bid.

Highest Bid; Final Purchase Price. Through the live auction, Buyer Xxxxx submitted the Highest Bid in the amount of $ . Because the amount of the Highest Bid exceeds the amount of the Initial Offered Purchase Price, the Highest Bid is the final purchase price for the Transbay Parcel F Property and replaces the Initial Offered Purchase Price (“Final Purchase Price”). If as a result of the live auction no bid is received that exceeds the Initial Offered Purchase Price, the Initial Offered Purchase Price shall become the Final Purchase Price referenced in this Agreement. For the avoidance of doubt, the Final Purchase Price shall be the greater of the Initial Offered Purchase Price or the Highest Bid.