Reserve auction definition

Reserve auction means an auction in which the seller or an agent of the seller reserves the right to establish a stated minimum bid, the right to reject or accept any or all bids, or the right to withdraw the real or personal property at any time prior to the completion of the auction by the auctioneer.
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Reserve auction means the auctioneer reserves the right to reject any and all bids.
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Reserve auction means an auction in which the seller, or an agent for the seller, reserves the right to establish a stated minimum bid, the right to reject or accept any or all bids, or the right to withdraw the real or personal property, at any time prior to the completion of the auction, by the auctioneer.
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Examples of Reserve auction in a sentence

  • If an auction is not clearly advertised by Century as Absolute, a Reserve auction will be called.

  • For example, in case of the Market Stability Reserve, auction volumes will be reduced when allowances are transferred into the reserve and increased at the time allowances are released from the reserve.

  • Seller I Owner shall be obligated to pay HW the Commission II:(a) HW procures a buyer that is ready, willing and able to purchase thevehicle under a "No Reserve" auction or for the agreed upon "reserve price" or other mutually agreed upon minimum price under a "Reserve" auctfon.(b) Seller I Owner w11hdraws the Veh1cle from the current auction or intenlionally causes \he Vehicle lo be unmarketable before the current auction.

  • SBP 5.1.3 Non-Spinning Reserve SBP 5.1.3.1 Non-Spinning Reserve: Generating Units or System UnitsEach SC desiring to self-provide Non-Spinning Reserve or to participate in the ISO’s Non-Spinning Reserve auction will submit the following information for each relevant Generating Unit or System Unit for each Settlement Period of the relevant Trading Day:FERC ELECTRIC TARIFFORIGINAL VOLUME NO.

  • If this auction has not been clearly advertised by CENTURY as Absolute, a Reserve auction will be called.


More Definitions of Reserve auction

Reserve auction means an auction in which the seller 45
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Reserve auction means an auction in which the seller retains the right to establish a minimum price, to
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Reserve auction means an auction in which the seller 56
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Reserve auction of real and personal property means an auction in which the seller retains the right to establish a
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Reserve auction means an auction in which the seller 53
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Reserve auction means an auction in which the seller retains the right to establish a minimum price, to accept or decline any and all bids, or to withdraw the property at any time prior to the announcement of the completion of the sale by the auctioneer. An auction is a reserve auction unless the property is, in explicit terms, put up without reserve for an absolute auction.
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Reserve auction means an auction in which the seller 59
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