Examples of Auction Rules in a sentence
If such a Bid would lead to the Auction Participant’s loss of Eligibility in the next Auction Round in accordance with Chapter 4.4.2 of the Auction Rules, or to failure to meet the Minimum Bid Extent requirement in accordance with Chapter 4.4.4 of the Auction Rules, the EAS will automatically submit abstention in accordance with Chapter 4.4.5 of the Auction Rules, provided that the Auction Participant still has any abstention option.
The rules and regulations for the daily shadow auctions are principally laid down in these Daily Shadow Auction Rules and specifically in the ”KAPAR User’s Guide” published on the website of MAVIR www.mavir.hu.
Besides the situations described above in this this Chapter 4.3.4 of the Auction Rules, the Office will also determine a final Auction Round in the case where one last Auction Participant with Eligibility above 0 remains in the Auction.
His final bid of USS650,000 was made approximately 13 minutes before the end of the Auction, which had been extended for several minutes into early 3 May 2023 because the Auction Rules provided that when the top position changes within the last five minutes of the Auction, it is extended for another five minutes.
The full terms and conditions of the Auction are defined in the Auction Rules which are attached to the Invitation to Tender as Annex No. 3.