Auction Deposit definition

Auction Deposit means the “Deposit” (as defined in the Bidding Procedures).

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Auction Deposit the auction deposit ( 競 賣 保 證 金 ) in the amount of RMB75,000,000 (approximately HK$85,500,000) paid by the Buyer into the account designated by the Beijing Equity Exchange in accordance with the requirements of the Beijing Equity Exchange, as a guarantee for its intention to bid for the Sale Interests “Beijing Equity Exchange” 北京產權交易所有限公司(China Beijing Equity Exchange Co., Ltd.*)

Auction Deposit the sum of RMB120 million, being 30% of the Reserve Price, paid by the Purchaser as a bidder into an account designated by TPRE within 3 business days after TPRE has confirmed the Purchaser is a qualified bidder “Board” the board of Directors “business day(s)” a day other than public holidays in the PRC, including Saturdays and Sundays “Company” Dynasty Fine Wines Group Limited, a company incorporated in the Cayman Islands with limited liability and the issued Shares of which are listed on the Main Board of the Stock Exchange

Examples of Auction Deposit in a sentence

• The Auction Deposit is non-refundable in the event Buyer fails to close through no fault of Seller, but shall be applied at Closing to payment of the purchase price for the Property.

• The Auction Deposit will initially be deposited in an account with Closing Agent, and upon funding of said amount, shall be disbursed to Seller and deposited in Seller’s account.

• The Auction Deposit shall be applied at Closing to payment for the Property.

• Arbitrator Has the meaning given to it in Section 14.2. Auction Deposit Has the meaning ascribed to it in the Rules.

• If the damage to the Property is greater than five percent (5%) of the Successful Bid, and Seller is not willing to remedy any such damage or loss, then, at Buyer’s option, Buyer may terminate this Agreement; and, in such event, Seller shall return the Auction Deposit to Buyer.

• Your fully-executed Auction Deposit Escrow Agreement and Agreement (both contained in the Packet) signed by bidder must be delivered to Fine & Company, LLC and received by 2:00 p.m. Eastern Standard Time, on March 31, 2017, (sent to ▇▇▇▇▇▇▇ ▇.

• Auction Deposit of RMB120 million, representing 30% of the Reserve Price, would be payable by the prospective bidder to TPRE within 3 business days after TPRE confirmed it/he to be a qualified bidder.

• Of the registered capital of the Project Company, each of CHL and New Land, jointly and severally, undertakes that New Land shall subscribe an amount of RMB120,000,000, of which, the Funded Auction Deposit shall constitute a partial contribution by New Land and the remaining RMB40,000,000 shall be contributed by New Land in cash at the same time Prax (or its designated affiliate) has made the capital contribution to the HK SPV required to be made by Prax under the Subscription Agreement.

• Arbitrator Has the meaning given to it in Section 15.214.2. Auction Deposit Has the meaning ascribed to it in the Rules.

• Pursuant to the Notice on Confirmation on Transferee ( 受 讓 資 格 通 知 書 ) issued by the Beijing Equity Exchange, on 5 January 2010, the Buyer paid the Auction Deposit.

More Definitions of Auction Deposit

Auction Deposit or “Deposit” means that refundable deposit in the amount set forth on Schedule A hereto remitted to the Authority by the Purchaser in connection with submitting its Tax Credit Bid, and in accordance with N.J.A.C. 19:31-25.4 (f).