Bid Increment definition

Bid Increment means the smallest incremental amount above the Minimum Bid Amount that may be bid for in an Auction.
View Source
Bid Increment is defined in Section 7.2(a)(iv).
View Source

Examples of Bid Increment in a sentence

  • Price / Bid Increment: The opening price of the auction and the bid Increment value shall be available to the bidders on their bidding screen.

  • The Parties hereby agree that the minimum bid increment, which is clause (iv) of the Minimum Initial Bid Increment (as defined in Section E(b) of the Bidding Procedures), shall be amended from Five Hundred Thousand Dollars ($500,000) to Two Hundred and Fifty Thousand Dollars ($250,000).

  • Price / Bid Increment: The opening price of the auction and the bid Increment value shall be as per Sale Notice and available to the bidder(s) on their bidding screen.

  • Qualified Bidders may then submit successive bids in increments of at least $10,000 (the “Bid Increment”); provided, however, that the Assignee shall retain the right to modify the Bid Increment at the Auction.