Auction System definition

Auction System means an auction, booking and nomination system for Port Terminal Capacity;

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Auction System is the auction system used at auctions and is specified by Norges Bank in Annex A; The “Trading Venue” is the electronic trading venue for the Interdealer Market and is specified by Norges Bank in Annex A;

Auction System means the online system established by OFCOM for bidders to participate in the award process or such other electronic or manual system which OFCOM may substitute;

Examples of Auction System in a sentence

• For clarification purposes, the final value of storage capacity parameters as per this Contract shall be confirmed without undue delay to the Storage User by the Storage Operator by means of an e-mail notice sent to the address under which the Storage User is registered in the Storage Operator's Auction System, or as per different arrangement.

• For this purpose, an e-mail notice sent to the address under which the Storage User is registered in the Storage Operator's Auction System shall be considered sufficient, or as per different arrangements.

• Transfer Notifications for yearly and monthly PTRs must be notified to relevant Auction Operator via ETSO Scheduling System or exceptionally via fax (ELES) and via Auction System (HEP OPS).

• Lot/s sold under the Bidder Number shall be deemed made by the registered Bidder/representative, whether or not he/she was the one who actually utilized the Bid Up Auction System.

• This package will contain user login information and instructions for accessing the Bidder Manual for the auction system, the Auction System Technical Supplement (ASTS) and the Alternative Bidding Form, all of which are available on BOEM’s Web site at: ▇▇▇▇://▇▇▇.▇▇▇▇.▇▇▇/North-Carolina/.

• An dedicated Internet Auction System is set up at an Cultural Service Centres (CSC) site and offers bidding to interested user communities.

• In cases where auctions are canceled and/or repeated all Bids already submitted to the Auction Tool/Capacity Auction System are deemed as invalid and must be submitted again.

• If the daily auction can‟t be conducted via Auction Tool / Capacity Auction System the auction is automatically cancelled.

• For clarification purposes, the final value of storage capacity parameters for each storage year as per this Contract shall be confirmed without undue delay to the Storage User by the Storage Operator by means of an e-mail notice sent to the address under which the Storage User is registered in the Storage Operator's Auction System, or as per different arrangement.

• Resale Notifications for Yearly and Monthly PTRs assigned by Auction Operator must be notified to Auction Operator via ETSO Scheduling System (ELES) or exceptionally via fax and via Auction System (HEP OPS).

More Definitions of Auction System

Auction System. IT system used by ELES to conduct auctions in direction from Slovenia to Austria. Available Transmission Capacity (“ATC”): the part of the NTC that remains avail- able, after each phase of the allocation procedure, for further commercial activity and which shall be offered in the monthly and daily auction procedures. Auction Day: every day except Saturdays, Sundays and any official public holidays in Austria and Slovenia and days as listed in ANNEX 3b attached to these Auction Rules.