Public Auctions Sample Clauses
The Public Auctions clause governs the process and conditions under which assets or property may be sold through a public auction. It typically outlines the procedures for announcing the auction, setting minimum bids, and managing the bidding process, ensuring that all interested parties have an equal opportunity to participate. For example, it may specify how notice of the auction is given and the terms under which the highest bidder is awarded the asset. The core function of this clause is to ensure transparency and fairness in the sale process, minimizing disputes and maximizing the value received through open competition.
Public Auctions. No sale at auction by Lessee or others shall be made in or from the demised premises.
Public Auctions. If the Offeror intends to offer to Transfer any of the Properties pursuant to a public auction, the provisions of Section 3.1 hereof shall not apply; provided that the Offeror shall, not less than 30 days in advance of such public auction, provide written notice to the Operating Partnership of the time and place of such public auction.
Public Auctions. And each of these types of auctions can be set up as either a normal “Auction” or set as a “Buy It Now” price. Public auctions are automatically posted on your own Store website ▇▇▇▇▇▇.▇▇▇▇▇▇▇.▇▇▇ and posted on the main ▇▇▇▇▇▇▇.▇▇▇ website. Public auctions are viewable by everyone and are available for anyone to bid on. These auctions can be set as a normal auction, with or without a minimum reserve price, to the highest bidder or set at a “buy-it-now” price. All of our Auctions can be snipe-proof auctions. This feature automatically extends the end time of an auction by 5 minutes if a bid is placed on the auction during the last 5 minutes. This prevents bidders from swooping in and grabbing an item at the last second, and ensures every potential bidder has an opportunity to win an auction. It is your option to make your auction snipe-proof or not. We accommodate both video and images on the auction listings to better sell your item. Pictures and video are a snap to upload. We will take pictures and videos of your items (and real estate) and upload it instantly to the auction listing from our smart phone.