The Auction definition
Examples of The Auction in a sentence
Bidder’s failure to sign a Purchase Contract after entering a winning bid at the Auction shall be a default under this Agreement and Bidder waives any claim to the Deposit as a result of such Default.
The BGS-RSCP Supplier’s point of contact for all information, operations, and questions shall be the Company’s Basic Generation Service Unit and the Auction Website.
In the event that Bidder does not win the Auction, Auctioneer shall refund the Deposit to Bidder within two (2) business days following the date of the Auction.
In such event Auctioneer is authorized to transfer such funds to Seller, less any expenses and fees incurred due to Auctioneer pursuant to the Auction, including but not limited to those incurred under any listing agreement, auction employment agreement, engagement letter, or other document evidencing the Seller having contracted the Auctioneer’s services.
If Bidder wins the Auction and does not sign a Purchase Contract with Seller, the Deposit shall be forfeited by Bidder as liquidated damages.