No Reserve definition

No Reserve means that there is no established minimum price for the item being auctioned. This means that no matter what the winning bid, the owner must sell it for that amount.
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No Reserve means the vehicle will sell at the highest bid price. “With-Reserve” means there is a protective price which must be met or exceeded by Bid in order to be released for sale.
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No Reserve means, where applicable, an Auction which has been advertised as No Reserve, absolute, without reserve or any similar wording, and where:
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Examples of No Reserve in a sentence

  • In the event you withdraw any consignments before the auction you agree to pay a charge of 5% of the No Reserve value as to be determined by Motorsport Auction Group LLC.

  • No Reserve may be involuntarily assigned to a Standby shift more than two (2) times in a month, unless all available Reserves at the base have been assigned two (2) times.

  • No Reserve will be granted a personal leave, except in conjunction with her/his vacation, until all leaves have been granted to Flight Attendants with monthly flying assignments.

  • No Reserve Officer shall be assigned to any member of this bargaining unit without the member's consent and then only in the capacity of an observer or trainee.

  • Buyer agrees that within sixty (60) calendar days if any Lot consigned to the ▇▇▇▇▇ auction is acquired by Buyer that is not sold through the auction for any reason, Buyer will be obligated for the immediate payment to ▇▇▇▇▇ of a commission in the amount of 15% (No Reserve Lots) or 18% (Reserve Lots) of the sale price.

  • No Reserve Amount shall be subject to any claim or right of offset except with respect to the claim for which such Reserve Amount was retained following the expiration of the General Escrow Period.

  • No Reserve Instrument shall be allowed to expire or terminate while the related Series of Bonds are Outstanding unless and until cash has been deposited into the related account of the Debt Service Reserve Fund, or a new Reserve Instrument has been issued in place of the expiring or terminating Reserve Instrument, or any combination thereof in an amount or to provide coverage, as the case may be, at least equal to the amount required to be maintained in the related account of the Debt Service Reserve Fund.

  • No Reserve Auction - Is an Auction in which the property will be sold regardless of price.

  • No Reserve: Seller fees payable will be 4%.There will be a minimum $600 seller fee on all vehicle lots sold.

  • No Reserve Officer shall be assigned to any member of this bargaining unit without the member’s consent and then only in the capacity of an observer or trainee.