The Auction Period Clause Samples

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The Auction Period. Adjustment in Paragraph 1 shall take place only if (a) the Indenture Trustee and the Auction Agent receive, by 11:00 a.m., eastern time, on the Business Day before the Auction Date for the Auction Period commencing on the Effective Date, a certificate from the Issuer, as required by the Indenture authorizing the change in length of one or more Auction Periods and (b) Sufficient Bids exist on the Auction Date for the Auction Period commencing on the Effective Date.
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The Auction Period. Conversion in Paragraph 1 shall take place only if the provisions set forth in Sections 2.03.2.9 and 2.03.2.10 of the Indenture are fully satisfied. In connection with such proposed Auction Period Conversion, the Auction Agent shall not conduct an Auction on the Interest Determination Date immediately preceding the Auction Period Conversion Date.
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The Auction Period. Adjustment in Paragraph 1 shall take place only if (a) the Trustee and the Auction Agent receive, by 11:00 a.m., New York City time, on the Business Day before the Auction Date for the Auction Period commencing on the Effective Date, the consent of the Market Agent (which consent has been obtained), as required by the _____ Supplement, authorizing the change in length of one or more Auction Periods and confirmation from each Rating Agency that it will not reduce or withdraw its ratings on the Series 200_-_ Notes on account of such Auction Period Adjustment, and (b) Sufficient Bids exist on the Auction Date for the Auction Period commencing on the Effective Date.
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The Auction Period. Adjustment in Paragraph 1 shall take place only if (A) the Indenture Trustee and the Auction Agent receive, by 11:00 a.m., eastern time, on the Business Day before the Auction Date for the Auction Period commencing on the Effective Date, an Issuer Certificate substantially in the form attached as Exhibit E to the _____ Terms Supplement, a certificate from the Market Agent, as required by the _____ Terms Supplement, authorizing the change in length of one or more Auction Periods [and a written statement of the Indenture Trustee and the Auction Agent, as required by the _____ Terms Supplement,] and (B) Sufficient Bids exist on the Auction Date for the Auction Period commencing on the Effective Date.
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Related to The Auction Period

  • The Auction Section 2.01. Purpose: Incorporation by Reference of Auction Procedures and Settlement Procedures....

  • WORKING DAY BEFORE THE AUCTION DATE and pay the difference between the initial deposit and the sum equivalent to 10% of the successful bid price (“differential sum”) either via bank draft or cashier’s order crossed “A/C PAYEE ONLY” made payable to HONG ▇▇▇▇▇ ISLAMIC BANK BERHAD / ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ or remit the same through online banking transfer within THREE (3) WORKING DAYS after the fall of the hammer by the Auctioneer is made. The initial deposit and the differential sum shall be collectively known as “the deposit” and. Working Day means a day (excluding Saturdays, Sundays and Public Holidays) on which the Assignee is open for business in Kuala Lumpur. The balance of the purchase price is to be settled within ninety (90) days from the date of auction sale to HONG ▇▇▇▇▇ ISLAMIC BANK BERHAD. Please refer to the Auctioneer’s Online Terms and Conditions on the ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ on the manner of payment of the deposit. For further particulars, please contact Messrs. ▇.▇. ▇▇▇ & Associates, Solicitors for the Assignee herein whose address is at ▇▇▇▇▇ ▇, ▇▇. ▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, 50100 Kuala Lumpur. (Ref No.: A/KC/HLIBB-LC/2024/178520/Yani, Tel No.: ▇▇-▇▇▇▇ ▇▇▇▇, Fax No.: ▇▇-▇▇▇▇ ▇▇▇▇) or the undermentioned Auctioneer. ▇▇▇▇▇ ▇-▇▇-▇▇, ▇▇▇▇▇ ▇▇, ▇▇▇▇▇ ▇, ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇, / ▇▇▇▇▇ ▇▇▇▇▇ BIN ▇▇▇▇▇▇ 12, Jalan Yap ▇▇▇▇ ▇▇▇▇, 50450 Kuala Lumpur. (Licensed Auctioneers) Tel No : ▇▇-▇▇▇▇ ▇▇▇▇ Fax No: ▇▇-▇▇▇▇ ▇▇▇▇ Our Ref. No.: ALIN/▇▇▇▇▇▇▇▇▇/SNY Bank Ref : 29291000920 & 29291000937 Website : ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ E-mail : ▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ (yang mana telah mengambilalih segala aset-aset, perniagaan ▇▇▇ liabiliti-liabiliti EONCAP Islamic Bank Berhad (715426-H) menurut perintah Mahkamah Tinggi Kuala Lumpur yang bertarikh pada 24hb Oktober 2011 di bawah Saman Pemula No. D26A- 110(MUAMALAT)-2011) Menurut kuasa ▇▇▇ ▇▇▇ ▇▇▇▇ telah diberikan kepada Pihak Pemegang Serahhak/Pemberi Pinjam di bawah Perjanjian Jualan Hartanah, Perjanjian Pembelian Hartanah ▇▇▇ Suratikatan Penyerahanhak Hartanah (Secara Sekuriti) kesemuanya bertarikh 19hb April, 2007 antara Pihak Pemegang Serahhak/Pemberi Pinjam ▇▇▇ Pihak Penyerahhak ▇▇▇ Pihak Peminjam adalah dengan ini diisytiharkan bahawa Pihak Pemegang Serahhak dengan dibantu oleh Pelelong yang tersebut di bawah

  • BEFORE AUCTION 4.1 All intended bidder can access to the ESZAM AUCTIONEER SDN BHD website to download the Proclamation of Sale (POS) & Conditions of Sale (COS). By proceeding with E-bidding with ESZAM AUCTIONEER SDN BHD, the E-bidders’ have agreed and accepted the ESZAM AUCTIONEER SDN BHD terms and conditions. Any bid by registered E-bidder shall not be withdrawn once entered. 4.2 All intended bidders can choose either to attend the auction physically (On-site bidder) or by E-bidding. For E-bidding, they can bid online from any places as long as the E-bidder has the device and good internet connection to log in to our ESZAM AUCTIONEER SDN BHD website and click on eZ2Bid button. 4.3 The E-bidder will receive the Bidding Code one (1) day before auction date and link to bid online via email and SMS once ESZAM AUCTIONEER SDN BHD receiving of the deposit.

  • ON THE AUCTION DAY bidders MUST use browser either Google Chrome, Mozilla Fire Fox, Safari, Internet Explore or Microsoft Edge. E-bidders are responsible for ensuring that internet access and connectivity is running smoothly throughout the whole bidding process. The Bank and Auctioneer will not be held responsible or liable for any interruptions, delays, failures, errors, omissions or loss of information etc.

  • WORKING DAY BEFORE AUCTION DATE Any intending bidder who intends to bid on behalf of another person, body corporate or firm is required to deposit with the Auctioneer prior to the auction sale an authority letter to state that he/she is acting on behalf of another person, body corporate or firm and he/she is authorised to sign all the necessary documents. All intending bidders shall be required to verify their identities by showing to the Auctioneer their identity cards prior to the commencement of the auction, failing which, they shall not be entitled to bid. In the event that the Bumiputra lot is sold to a non Bumiputra or if the successful bidder is below the age of 18 or is an undischarged bankrupt or is not legally competent to purchase the property, then such sale shall be cancelled and the deposit paid shall be refunded to the successful bidder and thereafter the Assignee shall be at liberty to put up the property for sale. A foreign citizen/foreign company may be allowed to bid for the property and if the bid is successful, the sale is subject to the foreign citizen/company applying and obtaining at his/her/its own cost to the Economic Planning Unit (if applicable) and/or relevant State Authority for the unconditional consent to the sale within the period stated in Clause 11 hereof but subject to Clause 22 hereof.