Successful Below Reserve Price Clause Samples

Successful Below Reserve Price. In the event that ▇▇▇▇▇▇ is Successful in the Incentive Auction at a price lower than the Reserve Price, the Call Purchase Price shall be an amount equal to nine million nine hundred fifty-six thousand dollars ($9,956,000) plus the amount of any Sharer Proceeds received by Sharer. For clarity, the net cost to UCI (being the Call Purchase Price less the Sharer Proceeds received by Sharer, a wholly-owned, indirect subsidiary of UCI, as a result of Sharee’s Successful participation in the Incentive Auction in accordance with Schedule 1.4) shall in no case exceed nine million nine hundred fifty-six thousand dollars ($9,956,000) in the event that ▇▇▇▇▇▇ is Successful in the Incentive Auction at a price below the Reserve Price.