Examples of Auction Order in a sentence
If a COP is calculated, Auction Orders and Limit Orders with ask prices at or below, or bid prices at or above, such determined COP shall be matched at the COP to the extent possible and any unmatched Auction Order shall be converted into a Limit Order with a bid or ask price equal to the COP immediately before Market open.
The Municipalities continue to argue that the timing of the proposed auction will prevent them from participating due to the need to conduct two town meeting votes under RSA 38.Contrary to the Municipalities’ assertion, in the Auction Order we agreed that two votes were required under RSA 38, but we held that the first vote authorizing participation in the auction could be taken at the annual town meeting.
As discussed in the Auction Order, JPM has recommended against making those modifications as they would be expected to impact the auction process negatively by creating uncertainty for commercial bidders and likely reducing the competitiveness of the Auction.
Any proceeds arising from the Liquidation Services Agreement, the Auction Order and the transactions contemplated thereunder, which, but for the commencement of this action, would be payable to the Debtor shall be paid to the Receiver in accordance with the terms of this Order.
The expedited process offered in this proceeding appropriately balanced the need for parties to question the auction design offered by JPM against the need to move quickly and allow the sale of the generation assets to proceed expeditiously.We have already disposed of the Municipalities’ constitutional due process claims in our Auction Order.
The Auction Order is hereby ratified and recognized in these proceedings and remains enforceable in all respects, except that references to the “Applicants” therein shall be read to mean the Receiver where the context requires.
RSA 38:13 (emphasis added) In our Auction Order, we held that “final determination of the price to be paid” could include a municipality’s decision to offer a binding bid in an auction of utility assets.
The Auction Order and the settlements approved in that Order require the sale of the Generation Facilities to be conducted by an auction advisor selected by the Commission.Following a competitive request for proposals, the Commission selected J.P. Morgan as its auction advisor (JPM).
In the Phase II Auction Order, the Commission concluded that it would accept bids for four performance tiers with varying speed and usage allowances and, for each performance tier, would provide for bids at either high or low latency.
In the Phase II Auction Order, WC Docket No. 10–90 et al., FCC 16–64, the Commission adopted rules to implement the CAF–II auction, including the adoption of a two-stage application process.