Auction Seller definition

Auction Seller means any third-party selling vehicles through a vehicle auction house in the business of facilitating the buying and selling of vehicles.
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Examples of Auction Seller in a sentence

  • After the reserve price for the Vehicle has been mutually agreed upon by Seller and Zephyrhills Classic Car Auction, Seller may not increase the set reserve.

  • The bank will not lend us money to buy shares that will accrue no extra income than what we are currently earning.Not only do we have to buy back our catch history, the DPI cannot answer our questions as to whether the shares are there, or how much they are going to cost.

  • The temporary fence must comprise removable wire or shade cloth (or other see-through material) and must provide only one vehicle access to the lot from the road or right-of-way.

  • This means that after the highest bid is determined at the Auction, Seller may decide to (i) accept such bid or (ii) reject such bid.

  • If successful bidder(s) fail to make payment within 50 days from the date of Auction, Seller may ask for the return of Item(s) but Est-Ouest is not responsible for any financial loss Seller might have incurred by the delay of payment.

  • In allowing Buyer to register, bid and otherwise participate in the Auction, Seller is acting in reliance upon Buyer's commitment to purchase those real properties which Buyer bids upon.

  • If in a subsequent period, the amount of an impairment loss decreases and the decrease can be linked objectively to an event occurring after the write-down, the write-down or allowance is reversed through the consolidated statement of comprehensive income.An impairment loss is reversed only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortisation, if no impairment losses had been recognised.

  • If Item(s) remains uncollected over 300 days after the date of Auction, Seller is deemed to not have the will to collect Item(s), and Seller agrees that Est-Ouest sell the uncollected Item(s) in auction or any other ways at its own discretion without obtaining Seller’s consent.

  • Thereafter, no later than 30 calendar days after the Auction, Seller shall be issued a check from the account (a “Settlement Check”), in the amount of the net auction sale proceeds (after Auctioneer has been paid from the account its reimbursable expenses pursuant to Section 6 and amounts allocable to Commission and Buyer’s Premium), subject to open items or uncollected accounts, if any.

  • From the Agreement Date (and any prior time) until the day of the Auction, Seller shall be permitted to, and to cause its Representatives to, initiate contact with, solicit or encourage submission of any inquiries, proposals or offers that may lead to an Approved Alternative Transaction.

Related to Auction Seller

  • BIDDER/Seller which expression shall mean and include, unless the context otherwise requires, his successors and permitted assigns) of the second part.

  • Primary Seller means the Seller whose Bid City selected as the principal supplier of the Goods and/or Services required under this Agreement.

  • Mortgage Loan Seller Each of CREFI, GACC and JPMCB, and their respective successors in interest.

  • The Purchaser means the organization purchasing the Goods, as named in SCC.

  • Loan Seller With respect to any Mortgage Loan, the entity that sold such Mortgage Loan to the Transferor.

  • the Seller means the person so described in the Order;

  • Takeout Investor means any institution which has made a Takeout Commitment and has been approved by Buyer, in its sole and absolute discretion.

  • Purchaser means the organization purchasing the goods.

  • Secondary Seller means the Seller whose Bid City selected as a back-up supplier in the event the Primary Seller is unable to provide all the Goods and/or Services required.

  • Third Party Buyer means any Person other than (i) the Company or any of its Subsidiaries, (ii) any employee benefit plan of the Company or any of its Subsidiaries, (iii) the Investors or (iv) any Affiliates of any of the foregoing.

  • Purchaser/ User means ultimate recipient of goods and services

  • Model 4 seller means a seller that is registered under the agreement and is not a model 1 seller, model 2 seller, or model 3 seller.

  • Warranty Purchaser The Person described in Section 2.04 of the Trust Sale Agreement.

  • Bona fide purchaser means a purchaser of property for value who was not knowingly a party to fraud or illegality affect- ing the interest of the spouses or other parties to the transaction, does not have notice of an adverse claim by a spouse and acted in the transaction in good faith.

  • Ultimate purchaser means, with respect to any new motor vehicle or new motor vehicle engine, the first person who in good faith purchases a new motor vehicle or new motor vehicle engine for purposes other than resale.

  • Seller has the meaning set forth in the Preamble.

  • Mortgage Loan Purchase Price The price, calculated as set forth in Section 10.01, to be paid in connection with the repurchase of the Mortgage Loans pursuant to Section 10.01.

  • Mortgage loan originator means any institution which originated a Mortgage Loan for a related Borrower.

  • Model 1 seller means a seller registered under the agreement that has selected a certified service provider as the seller's agent to perform all of the seller's sales and use tax functions for agreement sales and use taxes other than the seller's obligation under Section 59-12-124 to remit a tax on the seller's own purchases.

  • Third Party Purchaser has the meaning set forth in Section 3.1(a).

  • Selling Member has the meaning set forth in Section 10.5(a).

  • Originator means the sender of the first payment order in a funds transfer.

  • Mortgage Loan Package Each pool of Mortgage Loans, which shall be purchased by the Purchaser from the Seller from time to time on each Closing Date.

  • Prospective Purchaser shall have the meaning set forth herein in Section 2.2(a).

  • Retail seller means any person that sells any dangerous drug to consumers without assuming control over and responsibility for its administration. Mere advice or instructions regarding administration do not constitute control or establish responsibility.