Auction Winner definition

Auction Winner means, with respect to the Net Auction Swap of each Maturity Bucket, the Auction Participant that has submitted the winning price for such Net Auction Swap and in respect its Winning Account, as determined by OTC Clear in accordance with Appendix 1 to this Supplement.
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Auction Winner means the legal entity who signs the REZ Contract and commits and undertakes to execute the Works subject to the Auction,
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Auction Winner. As defined in Section 10.01 hereof.
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Examples of Auction Winner in a sentence

  • In case the guarantee is partially recognized as revenue for any reason the Auction Winner shall be obliged to complete the deficient guarantee amount up the current guarantee amount within 1 (one) month at the latest.

  • If the Auction Winner fails to fulfill any of his obligations other than those specified as grounds for termination in the Regulation and Specifications, the Contracting Authority shall serve a notarized notice on the Auction Winner calling for the remedy of the breach and grant a period of not less than 60 (sixty) days to remedy the breach.

  • The Auction Winner cannot make any claim from the Contracting Authority in this regard.

  • In order for the Auction Winner to complete its obligations in accordance with the provisions of the REZ Project Documents, the required revisions shall be made in the Work program within the specified period of time.

  • If the Contracting Authority still faces a legal sanction, it shall recourse such sanction to the Auction Winner, without prejudice to its other rights.

  • The Auction Winner shall have no right to recourse such liability to the Contracting Authority.

  • In an emergency, the number of days required for posting can be less.

  • If the Authorized Representative of the Auction Winner is not present during such determination, then the commission shall determine the state of Work and prepare a status report on its own.

  • The exceeding amount of increase or decrease of more than 10% (ten percent) in operating costs within a calendar year, from the acceptance of Facility till the end of duration of Contract, shall be paid to the Auction Winner by the Contracting Authority in case of increase, and to the Contracting Authority by the Auction Winner in case of decrease.

  • Auction Winner cannot benefit from any other payment system other than this payment system and cannot claim payment under any name.

Related to Auction Winner

  • Auction Period means the dates during which the Test the Waters Auction is held and ending on the last day of the Test the Waters Auction.

  • Auction shall have the meaning specified in Section 2.1 hereof.

  • Auction Date means the first Business Day preceding the first day of a Dividend Period.

  • Auction Notice has the meaning assigned to such term in the definition of “Dutch Auction”.

  • Wholesale auction means an auction of motor vehicles restricted to sales at wholesale.