Auction Value definition

Auction Value means an estimate of the realisable value of the Company’s assets on a public auction where a sale is concluded on a forced sale, upon the fall of the hammer, to the highest cash bidder during an auction which was reasonably well advertised and attended by members of the public;
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Auction Value means an estimate of what will be realised when a sale of assets occurs on an unreserved open-bid auction where a sale is concluded upon the fall of the hammer to the highest cash bidder and which auction is reasonably well-advertised and attended by members of the public.
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Auction Value means with respect to a Vehicle on any date of determination, the market value of such Vehicle as specified in the most recently published National Automobile Dealers' Association, Official Used Car Guide, Central Western Edition (the "NADA Guide") for the model class and model year of such Vehicle based on the average equipment and the average mileage of each Vehicle of such model class and model year then currently pledged under the Loan Documents. If such Vehicle is not listed in the most recently published NADA Guide, then the Black Book Official Finance/Lease Guide Kelly Blue Book Western Edition (the "KBB") shall be used to estimate ▇▇▇ wholesale price of the Vehicle, based on the KBB; provided, however, that if the KBB is unavailable, the Auction Value of such Vehicle shall be based on an independent third-party data source approved by Agent based on the average mileage of each Vehicle of such model class and model year then pledged under the Loan Documents or based upon such other methodology approved by the Supermajority Lenders. Notwithstanding the foregoing, the "Auction Value" of a motorhome, camper or van conversion means the market value of such vehicle as specified in the most recently published version of the KBB.
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Examples of Auction Value in a sentence

  • FTR Portfolio Auction Value shall mean for each Participant (or Participant account), the sum, calculated on a monthly basis, across all FTRs, of the FTR price times the FTR volume in MW.

  • The appraised value of any such item of new Eligible Equipment shall be 100% of the cash price (exclusive of taxes and charges) paid by the Company for such equipment and the appraised value of any such item of used Eligible Equipment shall be agreed upon Auction Value.

  • Such representative shall have twenty (20) days from the date of the Notice in which to notify Richemont that it either (a) accepts such Auction Value and agrees to cause NAR to sell to Richemont all of its Hanover Common Stock at such share price, or (b) desires to purchase all of NAR's shares of Hanover Common Stock, at a price per share equal to the Auction Value.

  • In the event the representative of the other Shareholders shall have responded in accordance with (a) above, or shall have made no response by such twentieth (20th) day, then the Shareholders hereby agree to cause NAR to sell its shares of Hanover Common Stock to Richemont at a price per share equal to the Auction Value, on such terms and at such date as was specified in the Notice, and Richemont agrees to so purchase such shares.

  • Determine the FTR Portfolio Auction Value, including the tentative cleared solution.

  • In the event that the other Shareholders shall have responded in accordance with (b) above, then the Shareholders shall cause NAR to sell its shares of Hanover Common Stock to such other Shareholders, on the same terms and at such date as was specified in the Notice, at a price per share equal to the Auction Value, and such other Shareholders agree to so purchase such Shares.

  • If the Commonwealth agrees or it is determined that an Active Wagon specified by the Purchaser is unable to be located, then the Commonwealth will arrange for the Auction Value of that Active Wagon specified in the Purchaser's notice to be determined within 10 Business Days of receipt by the Commonwealth of that notice.

  • Defaulting Lender -- as defined in Section 2.9. Distressed Auction Value -- of any Vessel, shall have the meaning customarily attributed to it in the equipment appraisal industry at the time of the valuation, less the estimated marshaling, reconditioning and sale expenses designed to maximize the resale value of such Vessel for a sale within six (6) months.

  • For portfolios that are FTR Flow Undiversified but not FTR Geographically Undiversified, PJMSettlement shall increment the FTR Credit Requirement by an amount equal to twice the absolute value of the FTR Portfolio Auction Value, including the tentative cleared solution.

  • For Participants with portfolios that are both FTR Flow Undiversified and FTR Geographically Undiversified, PJMSettlement shall increment the FTR Credit Requirement by an amount equal to three times the absolute value of the FTR Portfolio Auction Value, including the tentative cleared solution.


More Definitions of Auction Value

Auction Value means for any item of Plant, the proportion of the Purchase Price for the Shares fairly attributable to that item to be determined at the cost of the Commonwealth by an independent expert valuer mutually agreed by the Commonwealth and the Purchaser whose certificate will be conclusive evidence of that auction value;
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