BIDDING DEPOSIT. 3.1 Prior to the commencement of the Auction Sale, all persons or parties intending to bid for the Property at the Auction Sale shall deposit 15 minutes prior to the auction sale with the Auctioneer a valid bank draft or cashier’s order drawn in favour of the Bank for a sum equivalent to ten per centum (10%) of the Reserve Price or any sum exceeding 10% of the purchase price or a minimum of RM2,500.00 whichever is higher (“the Bidding Deposit”). For online bidders please refer to the Terms & Conditions on xxxx.xxxxxxxx.xxx.xx for the manner of payment of the deposit. 3.2 The Auction Sale shall be deemed to have commenced upon being so declared by the Auctioneer. 3.3 Any party failing to deposit the Bidding Deposit with the Auctioneer within the time and in the manner specified in paragraph 3.1 hereto shall not be permitted to participate in the bidding at the Auction Sale. 3.4 Notwithstanding anything herein stated the Bank shall be permitted to bid at the Auction Sale without having to deposit with the Auctioneer the Bidding Deposit.
Appears in 45 contracts
Samples: Deed of Assignment, Facilities Agreement, Facility Agreement
BIDDING DEPOSIT. 3.1 Prior to the commencement of the Auction Sale, all persons or parties intending to bid for the Property at the Auction Sale shall deposit 15 minutes prior to the one (1) working day before auction sale date with the Auctioneer a valid bank draft or cashier’s order drawn in favour of the Bank for a sum equivalent to ten per centum cent (10%) of the Reserve Price or any sum exceeding 10% of the purchase price or a minimum of RM2,500.00 whichever is higher higher, or remit the same through online banking transfer (“the Bidding Deposit”). For online Online bidders please refer are further subject to the Terms & Conditions on xxxx.xxxxxxxx.xxx.xx for the manner of payment of the depositxxx.xxxxxxxxxxxxxxxxxxx.xx.
3.2 The Auction Sale shall be deemed to have commenced upon being so declared by the Auctioneer.
3.3 Any party failing to deposit the Bidding Deposit with the Auctioneer within the time and in the manner specified in paragraph paragraph
3.1 hereto shall not be permitted to participate in the bidding at the Auction Sale.
3.4 Notwithstanding anything herein stated the Bank shall be permitted to bid at the Auction Sale without having to deposit with the Auctioneer the Bidding Deposit.
Appears in 31 contracts
Samples: Facilities Agreement, Musharakah Mutanaqisah Master Agreement, Facilities Agreement
BIDDING DEPOSIT. 3.1 Prior to the commencement of the Auction Sale, all persons or parties intending to bid for the Property at the Auction Sale shall deposit 15 minutes prior to the auction sale with the Auctioneer a valid bank draft or cashier’s 's order drawn in favour of the Bank for a sum equivalent to ten per centum (10%) of the Reserve Price or any sum exceeding 10% of the purchase price or a minimum of RM2,500.00 whichever is higher (“the Bidding Deposit”). For online bidders please refer to the Terms & Conditions on xxxx.xxxxxxxx.xxx.xx xxx.xxxxxxxxx.xxx for the manner of payment of the depositsame.
3.2 The Auction Sale shall be deemed to have commenced upon being so declared by the Auctioneer.
3.3 Any party failing to deposit the Bidding Deposit with the Auctioneer within the time and in the manner specified in paragraph 3.1 hereto shall not be permitted to participate in the bidding at the Auction Sale.
3.4 Notwithstanding anything herein stated the Bank shall be permitted to bid at the Auction Sale without having to deposit with the Auctioneer the Bidding Deposit.
Appears in 3 contracts
Samples: Facilities Agreement and Assignment of Sale and Purchase Agreement, Facilities Agreement and Assignment of Sale and Purchase Agreement, Facilities Agreement and Assignment of Sale and Purchase Agreement
