Auction Cycle definition
Auction Cycle means the active marketing of an REO Property for sale as part of an active time limit bidding (auction) cycle, which shall not be longer than seven days from the commencement of the auction. (k) “Cash Threshold” has the meaning set forth in Section 19(a)(xi) hereto. (l) “Change of Control” means:
Auction Cycle means the active marketing of an REO Property for sale as part of an active time limit bidding (auction) cycle, which shall not be longer than seven days from the commencement of the auction.
Examples of Auction Cycle in a sentence
If the REO Property goes under active Sales Contract within thirty calendar days of the close of the Auction Cycle but the contract is subsequently cancelled, RHSS shall de-list the REO Property within three (3) business days after the cancellation of the Sales Contract.