Maximum Bid Amount definition

Maximum Bid Amount means the maximum amount of an Advance (represented by all the Bids) that may be bid for by a Participant in an Auction as stated in the Announcement.
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Maximum Bid Amount means $20,000,000, in the aggregate at any given time.
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Examples of Maximum Bid Amount in a sentence

  • As with regular proxy bidding, a bidder’s Maximum Bid Amount will not be visible to the Seller or to other bidders during the preview period or during the live DealerBlock sale.

  • With Preview Sales, after the live sale has ended, the Seller will be able to view all proxy bid details including, the proxy bidder username, Maximum Bid Amount, proxy bid amounts placed, and date/timestamp.

  • DealerBlock® will never increase the Customer’s bid above the Maximum Bid Amount.

  • DealerBlock® will automatically increase the Customer’s proxy bid up to its Maximum Bid Amount by the dollar increment that applies to the particular Vehicle or group of Vehicles.

  • If more than one bidder submitted the same Maximum Bid Amount for the Vehicle, the Vehicle will be sold to the Customer that entered the Maximum Bid Amount first.

  • If a Customer’s Maximum Bid Amount is greater than the current bid, the Maximum Bid Amount will not be visible to the Seller or other bidders.

  • In the event such bid is greater than the current bid, then the Maximum Bid Amount is not visible to the Seller or other bidding Dealers.

  • If more than one bidding Dealer designates the same Maximum Bid Amount for a Vehicle, then the bids will be given priority in the order of the time that the Dealers designated their Maximum Bid Amount, with the earliest designated bid deemed the highest.

  • OL will never increase the bidding Dealer’s bid above such Dealer’s Maximum Bid Amount.

  • However, in the event there are no other competitive bids above the Reserve amount a t t h e c o n c l u s i o n o f t h e a u c t i o n f o r t h a t V e h i c l e , and the Maximum Bid Amount is at the Reserve Amount or higher, then the Vehicle will be sold at the Reserve Amount to the Customer that placed said Maximum Bid Amount.