Minimum Bid Amount definition
Examples of Minimum Bid Amount in a sentence
With the advice of the Collateral Manager, the Trustee shall select the bid or bids which result in the Highest Auction Price (in excess of the specified Minimum Bid Amount) from one or more Listed Bidders.
If the price which a prospective purchaser shall have offered to pay for all or any of the Properties is less than the Minimum Bid Amount, or if no bid is received, Lessor may elect to retain the Properties or any of them after the end of the Marketing Period by giving Lessee at least two Business Days' prior written notice of Lessor's election to retain the Properties or any of them, and upon receipt of such notice, Lessee shall surrender such Properties to Lessor pursuant to Section 10.1(c).