Bid Increment definition

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

Related to Bid Increment

  • Bid Incremental value means the minimum amount over and above the last highest bid amount by which any participating Qualified Bidder will be required to increase the next bid on the auction portal;

  • Scan increment means the amount of relative displacement of the patient with respect to the CT x-ray system between successive scans measured along the direction of such displacement.

  • Incremental Revolving Increase has the meaning set forth in Section 2.16(a).

  • Second Incremental Auction means an Incremental Auction conducted ten months before the Delivery Year to which it relates.

  • Fixed Incremental Amount means (i) the greater of $610,000,000 and 100% of Consolidated EBITDA as of the last day of the most recently ended Test Period minus (ii) the aggregate outstanding principal amount of all Incremental Facilities, Incremental Equivalent Debt and/or Indebtedness incurred pursuant to Section 7.03(r)(ii)(A), in each case incurred or issued in reliance on this definition.