Article 2 the term "auction enterprise" as used in these Measures refers to an auction enterprise established upon approval under the auction Law and the Administrative Measures for auction.

第二条本办法所称拍卖企业是指根据《拍卖法》、《拍卖管理办法》等规定，依法经批准设立的拍卖企业。

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Time was running short, with Borders set to address a bankruptcy judge early Thursday to seek approval of Mr. Najafi's bid and procedures for an auction next week.

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The auction was subject to, all bids were subject to our approval, or to a certain minimum, and the bid was too low.

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