Proxy Bid definition

Proxy Bid means a bid submitted by an employee of Hilco on a Buyer’s behalf and with the Buyer’s authority in circumstances where a Buyer is unable to participate in an Auction;
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Proxy Bid means and include the bid placed by SAMIL on behalf of the User upon any authorization from the User by accepting a separate terms and conditions of such proxy bids to increase the bid up to the maximum bid amount as quoted by the User during the disposal Event of assets by the payment of a refundable security deposit amount.
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Proxy Bid means a bid submitted by an employee of HILCO on a Buyer's behalf and with the Buyer's authority in circumstances where a Buyer is unable to participate in an Auction;
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Examples of Proxy Bid in a sentence

  • Once you submit your Bid, you may not terminate or modify your selections in the Proxy Bid Feature or retract a Bid placed through the Proxy Bid Feature.

  • Proxy Bid An employee who is absent during the bid period may authorire another person to bid, however the bid must be signed by the proxy bidder.

  • The system will automatically increment the User's bid each time it is superseded until either the User wins or the winning bid is raised to match or exceed the Proxy Bid Limit.

  • By electing the Proxy Bid Feature, you allow the NeoGrid Server to automatically place a Bid on your behalf to be the Winning Bid, subject to any increment or minimum or maximum Bid amounts set by you.

  • This process will continue each time a new high bid is entered until either (a) the proxy bidder wins the Auction because no new high bid is entered, or (b) the auction closes, at which time the system will be closed to new bids, although any competing proxy bids will be placed incrementally by the system until a winning bid is reached, or (c) the proxy bidder's Proxy Bid Limit is exceeded by a new high bid.


More Definitions of Proxy Bid

Proxy Bid means a bid submitted by an employee of Hilco on a Buyer’s behalf and with the Buyer’s
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Related to Proxy Bid

  • Buy Bid means a bid to buy Capacity Resources in any Incremental Auction.

  • Proxy Statement has the meaning set forth in Section 6.03(a).

  • Shareholders Meeting shall have the meaning set forth in Section 5.1.

  • Pre-bid Meeting means Pre-bid meeting to be held as per the schedule indicated in the Schedule for the Tender hereof;

  • Stockholders Meeting shall have the meaning set forth in Section 6.2(c).