Auction Drop definition

Auction Drop means the initial offering by means of an auction process.
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Related to Auction Drop

  • Auction shall have the meaning specified in Section 2.1 hereof.

  • Auction Final Price means the price, if any, determined to be the Auction Final Price pursuant to Section 12 of these Credit Derivatives Auction Settlement Terms (expressed as a percentage, in increments equal to the Relevant Pricing Increment, of the outstanding principal balance, rather than the face amount, of Deliverable Obligations).

  • Auction Date means the first Business Day preceding the first day of a Dividend Period.

  • Auction Period means the dates during which the Test the Waters Auction is held and ending on the last day of the Test the Waters Auction.

  • Auction Notice has the meaning assigned to such term in the definition of “Dutch Auction”.