Auction Process definition

Auction Process means the process for conduct of the Auction as set out in Clause 3.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Auction Process means the process encompassing the setting of the auction calendar, the procedures for admission to bid, the procedures for submission of bids, the conduct of the auction, the calculation and announcement of the auction results, the arrangements for payment of the price due, delivery of the allowances and management of the collateral needed to cover any transaction risks, as well as the surveillance and monitoring of the proper conduct of the auctions by an auction platform;

Auction Process means a process as set forth in Annex 3;

Examples of Auction Process in a sentence

• In case of Fallback Auction, only the Default Bids for Fallback Auction, in line with Article 31, will be taken into account in the daily Auction Process.

• The Participation Agreement has to be delivered (by courier or personal delivery) to the Allocation Platform at least seven (7) days prior to the Registered Participant´s first participation in the Auction Process in two (2) hard copies, duly completed and signed.

• Within ten (10) Business Days after the delivery of such notice, the Members shall commence and thereafter continue the Auction Process for such Land Option, until such Auction Process has been completed.

• Without limitation to the foregoing, prior to the Closing, EME shall procure that all information that has been posted to Intralinks is retained there and that the Purchaser is able to access such information on Intralinks in the same manner as during the Auction Process.

• EME has reviewed the reports listed in the EME Disclosure Schedule of engineers retained by EME to assist bidders in the Auction Process in their respective evaluations of the Projects (collectively, the "Independent Engineer Reports").

More Definitions of Auction Process

Auction Process means the process and procedure through which those licenses being auctioned by the FCC in the Auction are being offered to qualified bidders commencing with preparation and filing of FCC Form 175 for the Auction through the award of any License for which the License Company is the Winning Bidder.

Auction Process means the process described, and updated from time to time, on the Website under the heading “How auctions work” and related content linked to that description.

Auction Process means the process described, and update from time to time, on the Website under the heading “How Auctions work” together with any restrictions, amendments or eligibility criteria described on the information page of our Website for the relevant Auction.

Auction Process has the meaning set out in the recitals to this Agreement.

Auction Process means the auction process described in Section 5 of this Settlement Agreement.

Auction Process means the process undertaken by EME involving the potential disposition of substantially all of its assets held outside the United States in one or more transactions, including the procedures employed by EME through which its indirect ownership interest in MEC BV and its Subsidiaries was offered for sale to competing bidders.

Auction Process means the process and procedure through which those licenses being auctioned by the FCC in Auction No. 58 are being offered to qualified bidders, qualified bidders bid on, and Successful Bidders are ultimately awarded licenses, as amended by the FCC from time-to-time.