Common use of AFTER AUCTION Clause in Contracts

AFTER AUCTION. 6.1 Any successful E-bidders shall and undertake to sign the contract of sale and pay the additional 10% for the difference of the purchase price within two (2) working days to ESZAM AUCTIONEER SDN BHD bank account or prepare a bank draft. In the event that the successful E-bidder fail to pay additional deposit, the Bank will forfeit the deposit and the sale will be deemed cancelled/terminated and the property may be put up for subsequent auction without further notice to the said E-bidders.

Appears in 97 contracts

Samples: Proclamation of Sale, Proclamation of Sale, Proclamation of Sale

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AFTER AUCTION. 6.1 Any successful E-bidders shall and undertake to sign the contract Memorandum / Contract of sale Sale and pay the additional 10% for the difference of the purchase price within two three (23) working days to ESZAM AUCTIONEER SDN BHD bank account or prepare a bank draft. In the event that the successful E-bidder fail to pay additional deposit, the Bank will forfeit the deposit and the sale will be deemed cancelled/terminated and the property may be put up for subsequent auction without further notice to the said E-bidders.

Appears in 55 contracts

Samples: Facility Agreement, Loan Agreement, Loan Agreement

AFTER AUCTION. 6.1 Any successful E-bidders shall and undertake to sign the contract of sale and pay the additional 10% for the difference of the purchase price within two (2) working days to ESZAM AUCTIONEER SDN BHD Eszam Auctioneer Sdn. Bhd bank account or prepare a bank draft. In the event that the successful E-bidder fail to pay additional deposit, the Bank will forfeit the deposit and the sale will be deemed cancelled/terminated and the property may be put up for subsequent auction without further notice to the said E-bidders.

Appears in 7 contracts

Samples: Proclamation of Sale, Proclamation of Sale, eszamauctioneer.com

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AFTER AUCTION. 6.1 Any successful E-bidders shall and undertake to sign the contract Memorandum / Contract of sale Sale and pay the additional 10% for the difference of the purchase price within two three (23) working days to ESZAM AUCTIONEER SINARMAS JASA SDN BHD bank account or prepare a bank draft. In the event that the successful E-bidder fail to pay additional deposit, the Bank assignee will forfeit the deposit and the sale will be deemed cancelled/terminated and the property may be put up for subsequent auction without further notice to the said E-bidders.

Appears in 1 contract

Samples: Conditions of Sale

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