Overbid definition

Overbid means any bid made at the Auction, if any, by a Qualified Bidder subsequent to the Debtors’ announcement of the Baseline Bid. Each applicable Overbid must comply with the following conditions:
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Overbid means the amount in excess of the minimum
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Overbid means the amount in excess of the value of
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Examples of Overbid in a sentence

  • In the event a Competing Bid is made pursuant to Section 9.3(b) of the Agreement, the deposit made by any Competing Bidder shall be held by the Escrow Agent pursuant to the terms hereof ("Overbid Escrow Funds").

  • Immediately upon receipt of the Overbid Escrow Funds, the Escrow Agent shall deposit the Overbid Escrow Funds in one or more federally insured interest bearing accounts at ▇▇▇▇▇▇▇ Bank, Gulfport, Mississippi.

  • The foregoing representation and warranty is based on (a) the assumption that the Securities were acquired by PNW free and clear of any adverse claim within the meaning of Section 8-102 of the Uniform Commercial Code pursuant to the Overbid Contract and (b) the fact that Seller has no notice of any adverse claim within the meaning of Section 8-105 of the Uniform Commercial Code.

  • The Overbid Escrow Funds shall be held in account separate and distinct from those of the Buyer's Escrow Funds, shall be accounted for separately by the Escrow Agent and shall be disbursed by the Escrow Agent pursuant to the terms hereof.

  • Seller shall also seek an Order from the Bankruptcy Court (the "Bidding Procedures Order"), 10 calendar days in advance of the hearing on the Sale Motion (the "Hearing"), providing for (i) the procedure for parties to follow in the event Seller receives a competing offer or proposal relating to the Assets and (ii) approval of the Overbid Break-up Fee specified in Section 3.2.6, which pleadings shall be in form and substance satisfactory to Purchaser.


More Definitions of Overbid

Overbid has the meaning given such term in Section 2.1(f) hereof.
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Overbid means the amount a property is sold for at a foreclosure sale that is in excess of the written or amended bid amount executed by the holder of the evidence of debt secured by the deed of trust or other lien being foreclosed.
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Overbid shall have the meaning set forth in Section 5.1(a).
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Overbid has the meaning set forth in Section 5.2(b).
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Overbid shall have the meaning set forth in the Bidding Procedures.
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Overbid and "Overbidder" shall have the meanings given such terms in ------- ---------- Section 4.2.
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Overbid means any cash bid made at the auction that complies with the following conditions.
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