BIDDING PROCEDURES. 4.1. Bidders have to login at EHSAN AUCTIONEERS SDN. BHD. Website using the same registered email 30 minute before Auction Time.
4.2. Bidders have to click VIEW BID SCREEN BUTTON beside the status to show the bidding screen. Once enter the bidding screen bidders will be on STANDBY MODE 30 minute before the auction started.
4.3. Bidding shall generally commence based on the sequence of the lot being shown on the EHSAN AUCTIONEERS SDN. BHD. website. However, the Auctioneer has the right to vary this sequence without notice.
4.4. It shall be the responsibility of registered E-Bidders to log in through the EHSAN AUCTIONEERS SDN. BHD. website to wait for their turn to bid for the property lot in which they intend to bid.
4.5. The Auctioneer has the right to set a new reserve price in the event there is more than 1 bidder. The reference to a "bidder” here includes E-Bidders as well as on-site bidders.
4.6. Auctioneer will announce the amount of incremental bid and the same will appear on the website prior to the commencement of the auction.
4.7. “Standby mode” is displayed, followed by a message stating “AUCTION STARTED”. Enter your BID by clicking “NEXT BID” button.
4.8. Each bid will be called for 3 times, “FIRST CALLING, “SECOND CALLING”, “FINAL CALL”. Registered E-Bidders may submit their bid at any of these stages of biddings by click the bid amount.
4.9. Any bid by the registered E-bidders shall not be withdrawn once entered.
4.10. In the event of any clarification, disruption or special situation, the Auctioneer may at his discretion decide to pause, postpone and/or call off the public auction. The E-bidders will be notified of this on the BIDDING SCREEN.
4.11. When system displays “NO MORE BIDS”, no further bids will be accepted by the Auctioneer, whether on-site or through the EHSAN AUCTIONEERS SDN. BHD. website.
4.12. The bidder with the highest bid shall be declared as successful bidder upon the fall of hammer.
4.13. The decision of the Auctioneer shall be final and binding on all on-site and/or E-bidders.
4.14. A successful bidder will be directed to a page where further directions are given in order to conclude the sale of the auction property. Please also refer to Part 5 below.
4.15. Unsuccessful E-Bidders will have the deposit paid processed to be refunded to the same bank account from which the deposit transfer was made within three (3) working days.
4.16. The information shown and/or prompted on the screen handled by the EHSAN AUCTIONEERS SDN. B...
BIDDING PROCEDURES. 9.1. For property with only single bidder, the property will be sold at the reserve price. The single bidder is required to click on the “Accept” button.
9.2. For property with multiple bidders, the bidding amount will be determined by the auctioneer with a new starting price.
9.3. E-bidding shall commence based on the sequence of the property lot displayed in the bidding page (Property with Auction Date)
9.4. E-Bidders shall login to the website fifteen (15) minutes before the auction commences and wait for their turn to bid for the property which they have registered.
9.5. The auction shall commence with countd own of 6,5,4,3,2,1 followed by a flash message which states “Bidding Starts”.
9.6. Registered E-Bidders can bid by clicking on the bidding amount button in the website with increments of RM 1000, RM 2000, RM 3000 , RM 5000 and RM 10000. Every bid will be an nounced by “Calling 1”, “Calling 2” and “Calling 3”.Upon the fall of hammer after “Calling 3”, the bidding ends.
9.7. Successful and unsuccessful E-Bidders will be notified via email.
9.8. In the event of any dispute as to any bid or any dispute arising pr ior to, during or resulting from the auction sale after the fall of hammer, the Auctioneer may at his own option forthwith determine the dispute or put up the property for sale again or put the property at the last undisputed bid and/ or in the event the pu blic auction is deferred due to technical reasons, clarification, disruption or unforeseen circumstances, the Auctioneer may at his discretion decide to pause, restart, postpone and/or withdraw the property from the public auction and the registered E-Bidders will be notified of this on the bidding page of the Auctioneer’s website.
9.9. The Assignee/Bank shall be and is hereby at l iberty to postpone, adjourn, stand down, call off, withdraw or vacate the auction sale at any time before the fall of hammer wit h or without notice and without having to provide any reason(s) or ground(s) whatsoever and the registered E -Bidders will be notified on the Auctioneer’s website.
9.10. The decision of the Auctioneers shall be final and conclusive.
BIDDING PROCEDURES. 4.1. Bidders have to login at EHSAN AUCTIONEERS SDN. BHD. Website using the same registered email 30 minute before Auction Time.
4.2. Bidders have to click VIEW BID SCREEN BUTTON beside the status to show the bidding screen. Once enter the bidding screen bidders will be on STANDBY MODE 30 minute before the auction started.
4.3. Bidding shall generally commence based on the sequence of the lot being shown on the EHSAN AUCTIONEERS SDN. BHD. website. However, the Auctioneer has the right to vary this sequence without notice.
BIDDING PROCEDURES. 9.1. For property with only single bidder, the property will be sold at the reserve price. The single bidder is required to click on the “Accept” button.
9.2. For property with multiple bidders, the bidding amount will be determined by the auctioneer with a new starting price.
9.3. E-bidding shall commence based on the sequence of the property lot displayed in the bidding page (Property with Auction Date)
9.4. E-Bidders shall login to the website fifteen (15) minutes before the auction commences and wait for their turn to bid for the property which they have registered.
9.5. The auction shall commence with countdown of 6,5,4,3,2,1 followed by a flash message which states “Bidding Starts”.
9.6. Registered E-Bidders can bid by clicking on the bidding amount button in the website with increments of RM 1000, RM 2000, RM 3000, RM 5000 and RM 10000. Every bid will be announced by “Calling 1”, “Calling 2” and “Calling 3”.Upon the fall of hammer after “Xxx xxxx 3”, the bidding ends.
BIDDING PROCEDURES. 9. 1. For property with only s xxxxx bidder, the property will be s old at the res erve pric e. The s xxxxx bidder is required t o click on the “ Acc ept” button.
9. 2. For property with multiple bidders, the bidding amount will be determined by the auctioneer with a new starting pric e.
9. 3. E- bidding s hall c ommenc e bas ed on the s equenc e of the property lot displayed in the bidding page ( Property with Auction Date)
9. 4. E- Bidders s hall login to the webs ite f if teen ( 15) minutes bef ore the auc tion c ommenc es and wait f or their turn to bi d for the property which they have registered.
9. 5. The auc tion shall c ommenc e with c ountdown of 6 ,5, 4, 3 ,2 ,1 f ollowed by x x xxxx mess age whic h st ates “ Biddin g Starts”.
9. 6. Registered E- Bidders c an bid by cl ic king on the bidding amount button in the webs ite with increments of RM 1000 , RM 2000, XX 0000, XX 0000 and XX 00000. Every bid will be announc ed by “ Calling 1”, “ Calling 2” and “ Calling 3”.Upon the f al l of xxxx xx af ter “ Calling 3”, the bidding ends.
9. 7. Succ essful and unsucc essful E - Bidders will be notified via email.
9. 8. In the event of an y dispute as to an y bid or any dispute aris ing prior to, during or res ulting f rom the auction s al e after the f all of hammer, the Auctioneer may at his own option f orthwith determine the dispute or put up the property f or sale again or put the property at the last undisputed bid and/ or in the event the public auction is def erred due t o technic xx xxxx ons, clarific ation, disruption or unf ores een circ ums tanc es , the Auc tioneer may at his discretion decide to paus e, restart, pos tpone and/ or withdraw the property f rom the public auc tion and the registered E - Bidders will be notified of this on the bidding page of the Auctioneer’s webs ite.
9. 9. The Assignee/ Bank shall be and is hereby at liberty to postpone, adjourn, stand down, c all off, withdraw or vac at e the auction s ale at any time bef ore the f all of hammer with or without notic e and without having to provide any r eas on( s ) or ground( s) whats oever and the registered E - Bidders will be notified on the Auctioneer’s website.
BIDDING PROCEDURES. 4.1. Bidding shall generally commence based on the sequence of the lot being shown on the online bidding interface provided. However the Auctioneer has the right to vary this sequence without notice.
BIDDING PROCEDURES. 4.1. Bidding shall generally commence based on the sequence of the lot being shown on the online bidding interface provided. However the Auctioneer has the right to vary this sequence without notice.
4.2. It shall be the responsibility of registered E-Bidders to log in through the online bidding hyperlink provided to wait for their turn to bid for the property lot in which they intend to bid. E-Bidders are advised to log in to the online bidding hyperlink provided and be on standby before the auction time.
4.3. The Auctioneer has the right to set a new auction price in the event there is more than 1 bidder. The reference to a "bidder” here includes E- Bidders as well as on-site bidders (if applicable).
4.4. The Auctioneer will announce the amount of incremental bid and the same will appear on the website prior to the commencement of the auction. biddings by entering the bid amount.
BIDDING PROCEDURES. 4.1. Bidding shall generally commence based on the sequence of the lot being shown on the online bidding interface provided. However the Auctioneer has the right to vary this sequence without notice.
4.2. It shall be the responsibility of registered E-Bidders to log in through the online bidding hyperlink provided to wait for their turn to bid for the property lot in which they intend to bid. E-Bidders are advised to log in to the online bidding hyperlink provided and be on standby before the auction time.
BIDDING PROCEDURES. No later than five (5) business days after the execution of this Asset Purchase Agreement by Buyer and Company, Company shall file a motion with the Bankruptcy Court to establish the bidding procedures set forth in this Section 9.3 and shall further provide all notices to parties in interest required by the Bankruptcy Code and Bankruptcy Rules of Court ("Bidding Procedures Motion"). Company shall also request the Bankruptcy Court to reduce the notice period to parties in interest to fifteen (15) days. The order of the Bankruptcy Court approving the Bidding Procedures Motion shall provide ("Bidding Procedures Order"):
(a) Any competing bid must be for the Sale Assets only and must be flied with the Company, with a copy to Buyer, no later than seven (7) business days after entry of the Bidding Procedures Order.
(i) Any competing bid ("Competing Bid") must be in the minimum amount of $14,000,000 and must be accompanied by a cashier's check in no less than $2,000,000.00 payable to the Escrow Agent (the "Deposit"), which sum shall be held by the Escrow Agent pursuant to the terms of the Escrow Agreement. Any party submitting a Competing Bid shall execute the Escrow Agreement and be bound by its terms. Any Competing Bid shall include a cash payment in the minimum amount of $14,000,000. The Competing Bid shall be in writing, and shall be delivered to counsel for the Company with copies to counsel for the Buyer, along with the Deposit to the Escrow Agent.
(ii) Buyer may, by giving written notice to the Company, match the Highest Competing Bid ("Highest Competing Bid"). For the purposes of computing any match by Buyer of the Highest Competing Bid, the Purchase Price under Section 3.1 shall be considered as having a cash value of $ 1 3,000,000 (the sum of the Cash and the Debenture., which sum shall be included in any match of the Highest Competing Bid by Buyer. The Earn Out Payment under Section 3.1 (ill) above shall not be included in any match of the Highest Competing Bid by Buyer. If the Buyer matches the Highest Competing Bid, the bidding procedure or process shall be terminated and no additional bids or offers from any entity, including the entity submitting the Highest Competing Bid, shall be accepted or considered by the Bankruptcy Court, the Company or any other party in interest. In such event,.the Purchase Price set forth in Section 3.1 shall be amended to an amount equal to the Highest Competing Bid matched by Buyer and the respective rights, obligations...
BIDDING PROCEDURES. The Construction Manager shall develop and expedite bidding procedures for bid document issuance, bid tracking and receipt of proposals with regard to each of the Contracts. The Construction Manager shall also take the necessary procedures to administer any prequalification of potential contractors as directed by the District and ensure that all Contracts are competitively bid when required by law.
