Common use of Bidder Registration Clause in Contracts

Bidder Registration. a) As a prerequisite, you are required to sign up as a member (“Member”) of the Website free of charge. Thereafter, you may log on as a Member on the Website to register either as a Floor Bidder or an E-Bidder on the Details Page to participate in an Auction. Please note that E-Bidders are strongly advised to register for the Property you are interested in at least one (1) business day prior to the Event day or you may not be able to bid online in that Auction as your application shall be subject to the approval of PMSB before you are eligible to bid. Your duly completed registration documents shall be received by us by 4.00 pm one (1) business day before the Event. The deposit payment (“Bidder Deposit”) (minimum amount required is 10% of the Reserve Price) if it is in the form of bank draft/cashier’s order, the bank draft/cashier’s order shall reach us by 4.00 pm one (1) business day before the Event whereas if it is via electronic fund transfer into PMSB account as per Clause 2(e), the electronic transferred fund shall reach PMSB account in cleared fund by 4.00 pm one (1) business day before the Event. Any improper, incomplete and/or late registration may be rejected at the sole discretion of PMSB. PMSB shall not be held liable in the event that the registration of a prospective Bidder is rejected and/or delayed for any reason whatsoever. In the event of the registration being rejected, we shall process the refund of the Bidder Deposit paid (subject to clearance in PMSB account) to the original account the Bidder Deposit being paid out from within two (2) business days.

Bidder Registration. a) As a prerequisite, you are required to sign up as a member (“Member”) of the Website free of charge. Thereafter, you may log on as a Member on the Website to register either as a Floor Bidder or an E-E- Bidder on the Details Page to participate in an Auction. Please note that E-Bidders are strongly advised to register for the Property you are interested in at least one (1) business day prior to the Event day or you may not be able to bid online in that Auction as your application shall be subject to the approval of PMSB before you are eligible to bid. Your duly completed registration documents shall be received by us by 4.00 pm one (1) business day before the Event. The deposit payment (“Bidder Deposit”) (minimum amount required is 105% of the Reserve Price) if it is in the form of bank draft/cashier’s order, the bank draft/cashier’s order shall reach us by 4.00 pm one (1) business day before the Event whereas if it is via electronic fund transfer into PMSB account as per Clause 2(e), the electronic transferred fund shall reach PMSB account in cleared fund by 4.00 pm one (1) business day before the Event. Any improper, incomplete and/or late registration may be rejected at the sole discretion of PMSB. PMSB shall not be held liable in the event that the registration of a prospective Bidder is rejected and/or delayed for any reason whatsoever. In the event of the registration being rejected, we shall process the refund of the Bidder Deposit paid (subject to clearance in PMSB account) to the original account the Bidder Deposit being paid out from within two (2) business days.

Bidder Registration. a) As a prerequisite, you are required to sign up as a member (“Member”) of the Website free of charge. Thereafter, you may log on as a Member on the Website to register either as a Floor Bidder or an E-Bidder on the Details Page to participate in an Auction. Please note that E-Bidders are strongly advised to register for the Property you are interested in at least one (1) business day prior to the Event day or you may not be able to bid online in that Auction as your application shall be subject to the approval of PMSB before you are eligible to bid. Your duly completed registration documents shall be received by us by 4.00 pm one (1) business day before the Event. The deposit payment (“Bidder Deposit”) (minimum amount required is 105% of the Reserve Price) if it is in the form of bank draft/cashier’s order, the bank draft/cashier’s order shall reach us by 4.00 pm one (1) business day before the Event whereas if it is via electronic fund transfer into PMSB account as per Clause 2(e), the electronic transferred fund shall reach PMSB account in cleared fund by 4.00 pm one (1) business day before the Event. Any improper, incomplete and/or late registration may be rejected at the sole discretion of PMSB. PMSB shall not be held liable in the event that the registration of a prospective Bidder is rejected and/or delayed for any reason whatsoever. In the event of the registration being rejected, we shall process the refund of the Bidder Deposit paid (subject to clearance in PMSB account) to the original account the Bidder Deposit being paid out from within two (2) business days.