BIDDING PRICE Sample Clauses

BIDDING PRICE. 4.1 Prior to the commencement of the auction sale, all persons or parties intending to bid for the property at the auction sale shall deposit with the Auctioneer a valid bank draft or cashier’s order drawn of MBSB for a sum equivalent to TEN Per Centum (10%) of the reserve price (“The Bidding Deposit”). 4.2 The auction sale shall be deemed to have commenced upon being so declared by the Auctioneer. 4.3 Any party failing to deposit the bidding deposit with the Auctioneer within the time and in the manner specified in paragraph 4.1 hereto shall not be permitted to participate at the auction sale. 4.4 Notwithstanding anything herein stated MBSB shall be permitted to bid at the auction sale without having to deposit with the Auctioneer the bidding deposit.
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BIDDING PRICE. 4.1 Prior to the commencement of the auction sale, all persons or parties intending to bid for the property at the auction sale shall be deposit with the Auctioneer a valid Bank Draft or Cashier’s Order drawn of MBSB BANK BERHAD for a sum equivalent to ten per centum (10%) of the Reserve Price (“The Bidding Deposit”). Please refer to the Terms and Conditions on xxxx.xxxxxxxx.xxx.xx for the manner of payment of the deposit. 4.2 The auction sale shall be deemed to have commenced upon being so declared by the Auctioneer. 4.3 Any party failing to deposit the bidding deposit with the Auctioneer within the time and in the manner specified in paragraph 4.1 hereto shall not be permitted to participate at the auction sale. 4.4 Notwithstanding anything herein stated MBSB BANK BERHAD shall be permitted to bid at the auction sale without having to deposit with the Auctioneer the bidding deposit.
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BIDDING PRICE. 4.1 All persons or parties intending to bid for the property at the auction sale shall be deposit with the Auctioneer a sum equivalent to Ten Per Centum (10%) of the fixed reserve price (“The Bidding Deposit”) by BANK DRAFT or CASHIER’S ORDER drawn in favour of MBSB BANK BERHAD for XXXXXXXXXX XXX XXXXXX or via XXXXXX or online banking transfer (FPX) by 5PM, AT LEAST ONE (1) WORKING DAY BEFORE AUCTION DATE. Please refer to the Terms & Conditions on xxx.xxxxxxxxx.xxx for the manner of payment of the same.
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BIDDING PRICE. “Bidders are advised to quote the most competitive price in the initial bid as well as in the Reverse Auction (RA), wherever applicable, since there will not be post tendering negotiations with the L1 bidder under any circumstances”.
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BIDDING PRICE. 4.1 All persons or parties intending to bid for the property at the auction sale shall be deposit with the Auctioneer a sum equivalent to Ten Per Centum (10%) of the fixed reserve price (“The Bidding Deposit”) by BANK DRAFT or CASHIER’S ORDER drawn in favour of MBSB BANK BERHAD for XXXXXX XXXX XXXXX XXX. BATHUSHA, ZAIDIL EFENDY BIN A-EFENDY ZASDAR & FATEHA NOVIANTI BT A-EFENDY ZASDAR or via XXXXXX or online banking transfer (FPX) by 5PM, AT LEAST ONE (1) WORKING DAY BEFORE AUCTION DATE. Please refer to the Terms & Conditions on xxx.xxxxxxxxx.xxx for the manner of payment of the same.
Sample 1
BIDDING PRICE. 4.1 Prior to the commencement of the Auction Sale, all persons or parties intending to bid for the Property at the Auction Sale shall deposit with the Auctioneer a valid bank draft or cashier’s order drawn in favour of MAYBANK ISLAMIC BERHAD for a sum equivalent to ten per centum (10%) of the Reserve Price (hereinafter called “the Bidding Deposit”); 4.2 The Auction Sale shall be deemed to have commenced upon being so declared by the Auctioneer; 4.3 Any party failing to deposit the Bidding Deposit with the Auctioneer within the time and in the manner specified in Clause 4.1 hereto shall not be permitted to participate at the Auction Sale; and 4.4 Notwithstanding anything herein stated, Assignee/Financier shall be permitted to bid at the Auction Sale without having to deposit with the Auctioneer the Bidding Deposit.
Sample 1

Related to BIDDING PRICE

  • RESERVE PRICE AND BIDDING AT AUCTION 1.1 This sale is made by AmBank Islamic Berhad [Registration No. 199401009897) (295576-U) (“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to under Facilities Agreement dated the 9th Day of December 2020 and Deed of Assignment and Power of Attorney both dated 7th Day Of January 2021 executed by Xxxxxxx Xxxxx Xxx Xxxxxx (“the Assignor/Customer”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale. 1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date. 1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date. 1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - (a) determine or vary the order of sale; (b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or (c) withdraw any of the properties from the sale.

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