Common use of BIDDING PROCEDURES Clause in Contracts

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 Any bid by the registered E-bidders shall not be withdrawn once entered. 4.10.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. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 295 contracts

Samples: Facilities Agreement and Deed of Assignment, Facilities Agreement (Consumer Banking), Facilities Agreement (Consumer Banking) and Deed of Assignment (Property)

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BIDDING PROCEDURES. 4.19.1. Bidders have For property with only single bidder, the property will be sold at the reserve price. The single bidder is required to login at EHSAN AUCTIONEERS SDN. BHD. Website using click on the same registered email 30 minute before Auction Time“Accept” button. 4.29.2. Bidders have to click VIEW BID SCREEN BUTTON beside the status to show For property with multiple bidders, the bidding screen. Once enter the bidding screen bidders amount will be on STANDBY MODE 30 minute before determined by the auction startedauctioneer with a new starting price. 4.39.3. Bidding E-bidding shall generally commence based on the sequence of the property lot being shown on displayed in the EHSAN AUCTIONEERS SDNbidding page (Property with Auction Date) 9.4. 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 shall login to log in through the EHSAN AUCTIONEERS SDN. BHD. website to fifteen (15) minutes before the auction commences and wait for their turn to bid for the property lot in which they intend to bidhave registered. 4.59.5. 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 auction shall commence with countdown of incremental bid and the same will appear on the website prior to the commencement of the auction. 4.7. “Standby mode” is displayed, 6,5,4,3,2,1 followed by a flash message stating which states AUCTION STARTEDBidding Starts. Enter your BID by clicking “NEXT BID” button. 4.8. Each bid will be called for 3 times, “FIRST CALLING, “SECOND CALLING”, “FINAL CALL”9.6. Registered E-Bidders may submit their can bid at any by clicking on the bidding amount button in the website with increments of these stages 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 biddings by click hammer after “Calling 3”, the bid amountbidding ends. 4.99.7. Any bid by the registered Successful and unsuccessful E-bidders shall not Bidders will be withdrawn once enterednotified via email. 4.109.8. In the event of any dispute as to any bid or any dispute arising prior 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 public auction is deferred due to technical reasons, clarification, disruption or special situationunforeseen circumstances, the Auctioneer may at his discretion decide to pause, restart, postpone and/or call off withdraw the property from the public auction. The auction and the registered E-bidders 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 bidding page of the Auctioneer, whether on-site or through the EHSAN AUCTIONEERS SDN. BHD. ’s website. 4.129.9. The bidder with the highest bid Assignee/Bank shall be declared as successful bidder upon and is hereby at liberty to postpone, adjourn, stand down, call off, withdraw or vacate the auction sale at any time before the fall of hammerhammer with 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. 4.139.10. 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. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder Auctioneers shall be final and conclusive.

Appears in 137 contracts

Samples: Facilities Agreement, Facility Agreement, Facilities Agreement

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.the 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. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 127 contracts

Samples: Property Sale Agreement, Deed of Assignment, Proclamation of Sale

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. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 125 contracts

Samples: Loan Agreement, Loan Agreement, Loan Agreement

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 HERITAGE AUCTIONEERS SDN. BHD. website. However, the Auctioneer has the right to vary this sequence without notice. 4.44.2. It shall be the responsibility of registered E-Bidders to log in through the EHSAN HERITAGE AUCTIONEERS SDN. BHD. website to wait for their turn to bid for the property lot in which they intend to bid. 4.54.3. The Auctioneer has the right to set a new reserve price in the event there is more than 1 bidderbidder provided that the new reserved price set by the auctioneer shall not exceed the market value and/or the reserved price stated and/or recommended in the Valuation Report relied upon for the auction. The reference to a "bidder” here includes E-Bidders as well as on-site bidders. 4.64.4. Auctioneer will announce the amount of incremental bid and the same will appear on the website prior to the commencement of the auction. 4.74.5. “Standby mode” is displayed, followed by a message stating “AUCTION STARTEDBidding started”. Enter your BID by clicking NEXT BID” buttonStart bid”. 4.84.6. Each bid will be called for 3 times, “FIRST CALLINGFirst Calling, “SECOND CALLINGSecond Calling”, “FINAL CALLFinal Call”. Registered E-Bidders may submit their bid at any of these stages of biddings by click entering the bid amount. 4.94.7. Any bid by the registered E-bidders shall not be withdrawn once entered. 4.104.8. 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 SCREENwebpage. 4.114.9. When system displays “NO MORE BIDSNo More Bids”, no further bids will be accepted by the Auctioneer, whether on-site or through the EHSAN HERITAGE AUCTIONEERS SDN. BHD. website. 4.124.10. The bidder with the highest bid shall be declared as successful bidder upon the fall of hammer. 4.134.11. The decision of the Auctioneer shall be final and binding on all on-site and/or E-bidders. 4.144.12. 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. 4.154.13. 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. 4.164.14. The information shown and/or prompted on the screen handled by the EHSAN HERITAGE AUCTIONEERS SDN. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 108 contracts

Samples: Facility Agreement and Deed of Assignment, Facility Agreement, Composite Loan Agreement

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.the 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. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 93 contracts

Samples: Facility Agreement, Property Sale Agreement, Facilities Agreement

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 SDNonline bidding interface provided. BHD. website. However, However the Auctioneer has the right to vary this sequence without notice. 4.44.2. It shall be the responsibility of registered E-Bidders to log in through the EHSAN AUCTIONEERS SDN. BHD. website 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. 4.54.3. The Auctioneer has the right to set a new reserve auction price in the event there is more than 1 bidder. The reference to a "bidder” here includes E-E- Bidders as well as on-site biddersbidders (if applicable). 4.64.4. The Auctioneer will announce the amount of incremental bid and the same will appear on the website prior to the commencement of the auction. 4.74.5. Auction starts when a flash message Standby modeStarts” is displayed, followed by a message stating “AUCTION STARTED”Auction started. Enter your BID by clicking “NEXT BID” buttonbid now”. 4.84.6. Each bid will be called for 3 times, “FIRST CALLINGFirst Calling, “SECOND CALLINGSecond Calling”, “FINAL CALLFinal Call”. Registered E-Bidders may submit their bid at any of these stages of biddings by click entering the bid amount. 4.94.7. Any bid by the registered E-bidders shall not be withdrawn once entered. 4.104.8. 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 SCREENwebpage. 4.114.9. When system displays “NO MORE BIDSNo More Bids”, no further bids will be accepted by the Auctioneer, whether on-site (if applicable) or through the EHSAN AUCTIONEERS SDN. BHD. NCM website. 4.124.10. The bidder with the highest bid shall be declared as successful bidder upon the fall of hammer. 4.134.11. The decision of the Auctioneer shall be final and binding on all on-site (if applicable) and/or E-bidders. 4.144.12. 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. 4.154.13. 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 two (32) working days. 4.164.14. The information shown and/or prompted on the screen handled by the EHSAN AUCTIONEERS SDN. BHD. NCM website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 84 contracts

Samples: Master Facility Agreement, Facilities Agreement and Deed of Assignment, Master Facility Agreement

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. 4.44.2. 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. 4.54.3. 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. 4.64.4. Auctioneer will announce the amount of incremental bid and the same will appear on the website prior to the commencement of the auction. 4.74.5. “Standby mode” is displayed, followed by a message stating “AUCTION STARTEDBidding started”. Enter your BID by clicking NEXT BID” buttonStart bid”. 4.84.6. Each bid will be called for 3 times, “FIRST CALLINGFirst Calling, “SECOND CALLINGSecond Calling”, “FINAL CALLFinal Call”. Registered E-Bidders may submit their bid at any of these stages of biddings by click entering the bid amount. 4.94.7. Any bid by the registered E-bidders shall not be withdrawn once entered. 4.104.8. 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 SCREENwebpage. 4.114.9. When system displays “NO MORE BIDSNo More Bids”, no further bids will be accepted by the Auctioneer, whether on-site or through the EHSAN AUCTIONEERS SDN. BHD. website. 4.124.10. The bidder with the highest bid shall be declared as successful bidder upon the fall of hammer. 4.134.11. The decision of the Auctioneer shall be final and binding on all on-site and/or E-bidders. 4.144.12. 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. 4.154.13. 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. 4.164.14. The information shown and/or prompted on the screen handled by the EHSAN AUCTIONEERS SDN. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 58 contracts

Samples: Property Sale Agreement, Property Sale Agreement, Property Financing I Tawarruq Facility Agreement

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. 4.44.2. 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. 4.54.3. 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-as E- Bidders as well as on-site biddersonline. 4.64.4. Auctioneer will announce the amount of incremental bid and the same will appear on the website prior to the commencement of the auction. 4.74.5. “Standby mode” is displayed, followed by a message stating “AUCTION STARTEDBidding started”. Enter your BID by clicking NEXT BID” buttonStart bid”. 4.84.6. Each bid will be called for 3 times, “FIRST CALLINGFirst Calling, “SECOND CALLINGSecond Calling”, “FINAL CALLFinal Call”. Registered E-Bidders may submit their bid at any of these stages of biddings by click entering the bid amount. 4.9. Any bid by the registered E-bidders shall not be withdrawn once entered. 4.104.7. 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 SCREENwebpage. 4.114.8. When system displays “NO MORE BIDSNo More Bids”, no further bids will be accepted by the Auctioneer, whether on-site or Auctioneer 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. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 47 contracts

Samples: Facility Agreement, Loan Agreement, Facility Agreement Term Loan

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.NEXT 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. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 39 contracts

Samples: Composite Loan Agreement, Facility Agreement, Master Facility Agreement

BIDDING PROCEDURES. 4.19.1. Bidders have For property with only single bidder, the property will be sold at the reserve price. The single bidder is required to login at EHSAN AUCTIONEERS SDN. BHD. Website using click on the same registered email 30 minute before Auction Time“Accept” button. 4.29.2. Bidders have to click VIEW BID SCREEN BUTTON beside the status to show For property with multiple bidders, the bidding screen. Once enter the bidding screen bidders amount will be on STANDBY MODE 30 minute before determined by the auction startedauctioneer with a new starting price. 4.39.3. Bidding E-bidding shall generally commence based on the sequence of the property lot being shown on displayed in the EHSAN AUCTIONEERS SDNbidding page (Property with Auction Date) 9.4. 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 shall login to log in through the EHSAN AUCTIONEERS SDN. BHD. website to fifteen (15) minutes before the auction commences and wait for their turn to bid for the property lot in which they intend to bidhave registered. 4.59.5. 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 auction shall commence with countdown of incremental bid and the same will appear on the website prior to the commencement of the auction. 4.7. “Standby mode” is displayed, 6,5,4,3,2,1 followed by a flash message stating which states AUCTION STARTEDBidding Starts. Enter your BID by clicking “NEXT BID” button. 4.8. Each bid will be called for 3 times, “FIRST CALLING, “SECOND CALLING”, “FINAL CALL”9.6. Registered E-Bidders may submit their can bid at any by clicking on the bidding amount button in the website with increments of these stages 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 biddings by click hammer after “Calling 3”, the bid amountbidding ends. 4.99.7. Any bid by the registered Successful and unsuccessful E-bidders shall not Bidders will be withdrawn once enterednotified via email. 4.109.8. In the event of any dispute as to any bid or any dispute arising prior to, during or resulting from the auction sale aft er 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 public auction is deferred due to technical reasons, clarification, disruption or special situationunforeseen circumstances, the Auctioneer may at his discretion decide to pause, restart, postpone and/or call off withdraw the property from the public auction. The auction and the registered E-bidders 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 bidding page of the Auctioneer, whether on-site or through the EHSAN AUCTIONEERS SDN. BHD. ’s website. 4.129.9. The bidder with the highest bid Assignee/Bank shall be declared as successful bidder upon and is hereby at liberty to postpone, adjourn, stand down, call off, withdraw or vacate the auction sale at any time before the fall of hammerhammer with or without notice and without having to provide any reason(s) or ground(s) whats oever and the registered E-Bidders will be notified on the Auctioneer’s website. 4.139.10. 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. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder Auctioneers shall be final and conclusive.

Appears in 39 contracts

Samples: Facilities Agreement, Facilities Agreement, Facilities Agreement

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. 4.44.2. 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. 4.54.3. 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. 4.64.4. Auctioneer will announce the amount of incremental bid and the same will appear on the website prior to the commencement of the auction. 4.74.5. “Standby mode” is displayed, followed by a message stating “AUCTION STARTEDBidding started”. Enter your BID by clicking NEXT BID” buttonStart bid”. 4.84.6. Each bid will be called for 3 times, “FIRST CALLINGFirst Calling, “SECOND CALLINGSecond Calling”, “FINAL CALLFinal Call”. Registered E-Bidders may submit their bid at any of these stages of biddings by click entering the bid amount. 4.94.7. Any bid by the registered E-bidders shall not be withdrawn once entered. 4.104.8. 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 SCREENwebpage. 4.114.9. When system displays “NO MORE BIDSNo More Bids”, no further bids will be accepted by the Auctioneer, whether on-site or through the EHSAN AUCTIONEERS SDN. BHD. website.the 4.124.10. The bidder with the highest bid shall be declared as successful bidder upon the fall of hammer. 4.134.11. The decision of the Auctioneer shall be final and binding on all on-site and/or E-bidders. 4.144.12. 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. 4.154.13. 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. 4.164.14. The information shown and/or prompted on the screen handled by the EHSAN AUCTIONEERS SDN. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 32 contracts

Samples: Property Sale Agreement, Composite Loan Agreement and Assignment, Composite Loan Agreement & Assignment

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. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 29 contracts

Samples: Loan Agreement, Loan Agreement, Loan Agreement

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 HERITAGE AUCTIONEERS SDN. BHD. website. However, the Auctioneer has the right to vary this sequence without notice. 4.44.2. It shall be the responsibility of registered E-Bidders to log in through the EHSAN HERITAGE AUCTIONEERS SDN. BHD. website to wait for their turn to bid for the property lot in which they intend to bid. 4.54.3. The Auctioneer has the right to set a new reserve price in the event there is more than 1 bidderbidder provided that the new reserved price set by the auctioneer shall not exceed the market value and/or the reserved price stated and/or recommended in the Valuation Report relied upon for the auction. The reference to a "bidder” here includes E-Bidders as well as on-site bidders. 4.64.4. Auctioneer will announce the amount of incremental bid and the same will appear on the website prior to the commencement of the auction. 4.74.5. “Standby mode” is displayed, followed by a message stating “AUCTION STARTEDBidding started”. Enter your BID by clicking NEXT BID” buttonStart bid”. 4.84.6. Each bid will be called for 3 times, “FIRST CALLINGFirst Calling, “SECOND CALLINGSecond Calling”, “FINAL CALLFinal Call”. Registered E-Bidders may submit their bid at any of these stages of biddings by click entering the bid amount. 4.94.7. Any bid by the registered E-bidders shall not be withdrawn once entered. 4.104.8. 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 SCREENwebpage. 4.114.9. When system displays “NO MORE BIDSNo 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. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.the

Appears in 27 contracts

Samples: Facilities Agreement, Facility Agreement, Facilities Agreement

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 SDNxxxx0xxx.xxx. BHD. website. However, However the Auctioneer has the right to vary this sequence without notice. 4.44.2. It shall be the responsibility of registered E-Bidders to log in through the EHSAN AUCTIONEERS SDN. BHD. website xxxx0xxx.xxx to wait for their turn to bid for the property lot in which they intend to bid. 4.54.3. 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. 4.64.4. Auctioneer will announce the amount of incremental bid and the same will appear on the website prior to the commencement of the auction. 4.74.5. Auction starts when a flash message Standby modeAuction Started. Bid Now” is displayed, followed by a message stating “AUCTION STARTED”. Enter your BID by clicking “NEXT BID” button. 4.84.6. Each bid will be called for 3 times, “FIRST CALLINGFirst Calling, “SECOND CALLINGSecond Calling”, “FINAL CALLFinal Call”. Registered E-Bidders may submit their bid at any of these stages of biddings by click entering the bid amount. 4.94.7. Any bid by the registered E-bidders shall not be withdrawn once entered. 4.104.8. 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 SCREENwebpage. 4.114.9. When system displays “NO MORE BIDSNo More Bids”, no further bids will be accepted by the Auctioneer, whether on-site or through the EHSAN AUCTIONEERS SDN. BHD. websitexxxx0xxx.xxx. 4.124.10. The bidder with the highest bid shall be declared as successful bidder upon the fall of hammer. 4.134.11. The decision of the Auctioneer shall be final and binding on all on-site and/or E-bidders. 4.144.12. A successful bidder will be directed to a page sent an email where further directions are given in order to conclude the sale of the auction property. Please also refer to Part 5 below. 4.154.13. 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 two (32) working days. 4.164.14. The information shown and/or prompted on the screen handled by the EHSAN AUCTIONEERS SDN. BHD. website xxxx0xxx.xxx regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 16 contracts

Samples: Sale and Purchase Agreement, Sale and Purchase Agreement, Sales Contract

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.the 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. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 15 contracts

Samples: BSN Myhome Facility Agreement, Property Sale Agreement, Facilities Agreement

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 SDNxxxx0xxx.xxx. BHD. website. However, However the Auctioneer has the right to vary this sequence without notice. 4.44.2. It shall be the responsibility of registered E-Bidders to log in through the EHSAN AUCTIONEERS SDN. BHD. website xxxx0xxx.xxx to wait for their turn to bid for the property lot in which they intend to bid. 4.54.3. 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. 4.64.4. Auctioneer will announce the amount of incremental bid and the same will appear on the website prior to the commencement of the auction. 4.74.5. Auction starts when a flash message Standby modeAuction Started. Bid Now” is displayed, followed by a message stating “AUCTION STARTED”. Enter your BID by clicking “NEXT BID” button. 4.84.6. Each bid will be called for 3 times, “FIRST CALLINGFirst Calling, “SECOND CALLINGSecond Calling”, “FINAL CALLFinal Call”. Registered E-Bidders may submit their bid at any of these stages of biddings by click entering the bid amount. 4.94.7. Any bid by the registered E-bidders shall not be withdrawn once entered. 4.104.8. 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 SCREENwebpage. 4.114.9. When system displays “NO MORE BIDSNo More Bids”, no further bids will be accepted by the Auctioneer, whether on-site or through the EHSAN AUCTIONEERS SDN. BHD. websitexxxx0xxx.xxx. 4.124.10. The bidder with the highest bid shall be declared as successful bidder upon the fall of hammer. 4.134.11. The decision of the Auctioneer shall be final and binding on all on-site and/or E-bidders. 4.144.12. A successful bidder will be directed to a page sent an email where further directions are given in order to conclude the sale of the auction property. Please also refer to Part 5 below. 4.154.13. 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. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.two

Appears in 15 contracts

Samples: Facility Agreement, Facility Agreement, Facility Agreement

BIDDING PROCEDURES. 4.1. Bidders have to login log in at EHSAN AUCTIONEERS SDN. BHD. Website using the same registered email 30 minute minutes before Auction Time. 4.2. Bidders have to click the 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 minutes before the auction startedstarts. 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-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 the “NEXT BID” button. 4.8. Each bid will be called for 3 times, “FIRST CALLING, “SECOND CALLING”, and “FINAL CALL”. Registered E-Bidders may submit their bid at any of these stages of biddings bidding by click clicking 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 disruption, or special situation, the Auctioneer may at his discretion decide to pause, postpone postpone, and/or call off the public auction. The E-bidders will be notified of this on the BIDDING SCREEN. 4.11. When the 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 a successful bidder upon the fall of the 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 is handled by the EHSAN AUCTIONEERS SDN. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 14 contracts

Samples: Facilities Agreement (Consumer Banking), Facilities Agreement, Facilities Agreement

BIDDING PROCEDURES. 4.19.1. Bidders have For property with only single bidder, the property will be sold at the reserve price. The single bidder is required to login at EHSAN AUCTIONEERS SDN. BHD. Website using click on the same registered email 30 minute before Auction Time“Accept” button. 4.29.2. Bidders have to click VIEW BID SCREEN BUTTON beside the status to show For property with multiple bidders, the bidding screen. Once enter the bidding screen bidders amount will be on STANDBY MODE 30 minute before determined by the auction startedauctioneer with a new starting price. 4.39.3. Bidding E-bidding shall generally commence based on the sequence of the property lot being shown on displayed in the EHSAN AUCTIONEERS SDNbidding page (Property with Auction Date) 9.4. 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 shall login to log in through the EHSAN AUCTIONEERS SDN. BHD. website to fifteen (15) minutes before the auction commences and wait for their turn to bid for the property lot in which they intend to bidhave registered. 4.59.5. 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 auction shall commence with countdown of incremental bid and the same will appear on the website prior to the commencement of the auction. 4.7. “Standby mode” is displayed, 6,5,4,3,2,1 followed by a flash message stating which states AUCTION STARTEDBidding Starts. Enter your BID by clicking “NEXT BID” button. 4.8. Each bid will be called for 3 times, “FIRST CALLING, “SECOND CALLING”, “FINAL CALL”9.6. Registered E-Bidders may submit their can bid at any by clicking on the bidding amount button in the website with increments of these stages 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 biddings by click hammer after “Calling 3”, the bid amountbidding ends. 4.99.7. Any bid by the registered Successful and unsuccessful E-bidders shall not Bidders will be withdrawn once enterednotified via email. 4.109.8. In the event of any dispute as to any bid or any dispute arising prior 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 public auction is deferred due to technical reasons, clarification, disruption or special situationunforeseen circumstances, the Auctioneer may at his discretion decide to pause, restart, postpone and/or call off withdraw the property from the public auction. The E-bidders auction and the registered 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 bidding page of the Auctioneer, whether on-site or through the EHSAN AUCTIONEERS SDN. BHD. ’s website. 4.129.9. The bidder with the highest bid Assignee/Bank shall be declared as successful bidder upon and is hereby at liberty to postpone, adjourn, stand down, call off, withdraw or vacate the auction sale at any time before the fall of hammerhammer with 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. 4.139.10. 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. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder Auctioneers shall be final and conclusive.

Appears in 12 contracts

Samples: Facility Agreement, Property Purchase Agreement, Facility Agreement

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. 4.44.2. 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. 4.54.3. 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 as E-Bidders as well as on-site biddersonline. 4.64.4. Auctioneer will announce the amount of incremental bid and the same will appear on the website prior to the commencement of the auction. 4.74.5. “Standby mode” is displayed, followed by a message stating “AUCTION STARTEDBidding started”. Enter your BID by clicking NEXT BID” buttonStart bid”. 4.84.6. Each bid will be called for 3 times, “FIRST CALLINGFirst Calling, “SECOND CALLINGSecond Calling”, “FINAL CALLFinal Call”. Registered E-Bidders may submit their bid at any of these stages of biddings by click entering the bid amount. 4.9. Any bid by the registered E-bidders shall not be withdrawn once entered. 4.104.7. 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 SCREENwebpage. 4.114.8. When system displays “NO MORE BIDSNo More Bids”, no further bids will be accepted by the Auctioneer, whether on-site or Auctioneer 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. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 12 contracts

Samples: Murabahah Facility Agreement, Murabahah Facility Agreement, Murabahah Facility Agreement

BIDDING PROCEDURES. 4.1. Bidders have to login at EHSAN AUCTIONEERS PG ACT FAST AUCTION (SABAH) 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 PG ACT FAST AUCTION (SABAH) SDN. BHD. websiteWebsite. 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 PG ACT FAST AUCTION (SABAH) 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 EBidder 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 PG ACT FAST AUCTION (SABAH) 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 PG ACT FAST AUCTION (SABAH) SDN. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 11 contracts

Samples: Conditions of Sale, Conditions of Sale, Conditions of Sale

BIDDING PROCEDURES. 4.19. Bidders have to login 1. For property with only single bidder, the property will be sold at EHSAN AUCTIONEERS SDNthe res erve price. BHD. Website using The s xxxxx bidder is required t o click on the same registered email 30 minute before Auction Time“ Accept” button. 4.29. Bidders have to click VIEW BID SCREEN BUTTON beside the status to show 2. For property with multiple bidders, the bidding screenamount will be determined by the auctioneer with a new s tarting pric e. 9. Once enter 3. E- bidding s hall c ommence based on the s equenc e of the property lot dis played in the bidding screen bidders will be on STANDBY MODE 30 minute page ( Property wit h Auction Date) 9. 4. E - Bidders s hall login to the webs ite fi fteen ( 15) minutes 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 commenc es and wait for their turn to bid bi d for the property lot in which they intend to bidhave registered. 4.59. 5. The Auctioneer has the right to set a new reserve price in the event there is more than auction s hall c ommence with c ountdown of 6, 5, 4, 3, 2, 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 f las h message stating “AUCTION STARTEDwhich states “ Bidding Starts. Enter your BID by clicking “NEXT BID” button. 4.89. Each 6. Regis tered E - Bidders can bid by cl icking on the bidding amount button in the webs ite with increments of RM 1000, RM 2000 , RM 3000 , RM 5000 and RM 10000 . Every bid will be called for 3 times, “FIRST CALLING, “SECOND CALLINGannounced by “ Calling 1”, “FINAL CALL“ Calling 2” and “ Callin g 3”.Upon the fall of hammer after “ Calling 3. Registered E-Bidders may submit their bid at any of these stages of biddings by click , the bid amountbidding ends. 4.99. Any bid by the registered E-bidders shall not 7. Succ essful and unsucc essful E - Bidders will be withdrawn once enterednotified via email. 4.109. 8. In the event ev ent of any clarificationdis pute as to any bid or any dispute arising prior to, during or res ulting f rom the auction sale after the fall of hammer, the Auc tioneer may at his own option forthwith determine the dis pute or put up the property for sale again or put the property at the last undisputed bid and/or in the ev ent the public auc tion is deferred due to technical reas ons, c larific ation, disruption or special situationunfores een circumstanc es, the Auctioneer may at his discretion decide to pause, restart, postpone and/or call off withdraw the property from the public auction. The E-bidders auction and the registered E - Bidders will be notified of this on the BIDDING SCREENbidding page of the Auctioneer’s webs ite. 4.119. 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. 4.129. The bidder with Assignee/ Bank s hall be and is hereby at l iberty to postpone, adjourn, stand down, call off, withdraw or vacat e the highest bid shall be declared as successful bidder upon auction sale at any time before the fall of hammer. 4.13. The decision of hammer with or without notic e and without having to provide any reason( s) or ground( s) whats oev er and the Auctioneer shall be final and binding on all on-site and/or E-bidders. 4.14. A successful bidder registered E - Bidders 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 notified on the screen handled by the EHSAN AUCTIONEERS SDN. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusiveAuctioneer’s website.

Appears in 8 contracts

Samples: Property Sale Agreement, Proclamation of Sale, Property Purchase Agreement

BIDDING PROCEDURES. 4.1. Bidders have to login at EHSAN AUCTIONEERS PG ACT FAST AUCTION (SABAH) 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 PG ACT FAST AUCTION (SABAH) 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 PG ACT FAST AUCTION (SABAH) 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.the 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 PG ACT FAST AUCTION (SABAH) SDN. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 7 contracts

Samples: Conditions of Sale, Conditions of Sale, Conditions of Sale

BIDDING PROCEDURES. 4.19.1. Bidders have For property with only single bidder, the property will be sold at the reserve price. The single bidder is required to login at EHSAN AUCTIONEERS SDN. BHD. Website using click on the same registered email 30 minute before Auction Time“Accept” button. 4.29.2. Bidders have to click VIEW BID SCREEN BUTTON beside the status to show For property with multiple bidders, the bidding screen. Once enter the bidding screen bidders amount will be on STANDBY MODE 30 minute before determined by the auction startedauctioneer with a new starting price. 4.39.3. Bidding E-bidding shall generally commence based on the sequence of the property lot being shown on displayed in the EHSAN AUCTIONEERS SDNbidding page (Property with Auction Date) 9.4. 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 shall login to log in through the EHSAN AUCTIONEERS SDN. BHD. website to fifteen (15) minutes before the auction commences and wait for their turn to bid for the property lot in which they intend to bidhave registered. 4.59.5. 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 auction shall commence with countdown of incremental bid and the same will appear on the website prior to the commencement of the auction. 4.7. “Standby mode” is displayed, 6,5,4,3,2,1 followed by a flash message stating which states AUCTION STARTEDBidding Starts. Enter your BID by clicking “NEXT BID” button. 4.8. Each bid will be called for 3 times, “FIRST CALLING, “SECOND CALLING”, “FINAL CALL”9.6. Registered E-Bidders may submit their can bid at any by clicking on the bidding amount button in the website with increments of these stages 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 biddings by click hammer after “Calling 3”, the bid amountbidding ends. 4.99.7. Any bid by the registered Successful and unsuccessful E-bidders shall not Bidders will be withdrawn once enterednotified via email. 4.109.8. In the event of any dispute as to any bid or any dispute arising prior to, during or resulting from the auction sale aft er 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 public auction is deferred due to technical reasons, clarification, disruption or special situationunforeseen circumstances, the Auctioneer may at his discretion decide to pause, restart, postpone and/or call off withdraw the property from the public auction. The auction and the registered E-bidders 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 bidding page of the Auctioneer, whether on-site or through the EHSAN AUCTIONEERS SDN. BHD. ’s website. 4.129.9. The bidder with the highest bid Assignee/Bank shall be declared as successful bidder upon and is hereby at liberty to postpone, adjourn, stand down, call off, withdraw or vacate the auction sale at any time before the fall of hammerhammer with 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. 4.139.10. 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. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder Auctioneers shall be final and conclusive.

Appears in 7 contracts

Samples: Musharakah Agreement, Ijarah Agreement, 1st Party Assignment and Purchase Undertaking, Proclamation of Sale, Facilities Agreement

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.on 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-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. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 6 contracts

Samples: Deed of Assignment (By Way of Security), Property Sale Agreement, Property Sale Agreement

BIDDING PROCEDURES. 4.19.1. Bidders have For property with only single bidder, the property will be sold at the reserve price. The single bidder is required to login at EHSAN AUCTIONEERS SDN. BHD. Website using click on the same registered email 30 minute before Auction Time“Accept” button. 4.29.2. Bidders have to click VIEW BID SCREEN BUTTON beside the status to show For property with multiple bidders, the bidding screen. Once enter the bidding screen bidders amount will be on STANDBY MODE 30 minute before determined by the auction startedauctioneer with a new starting price. 4.39.3. Bidding E-bidding shall generally commence based on the sequence of the property lot being shown on displayed in the EHSAN AUCTIONEERS SDNbidding page (Property with Auction Date) 9.4. 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 shall login to log in through the EHSAN AUCTIONEERS SDN. BHD. website to fifteen (15) minutes before the auction commences and wait for their turn to bid for the property lot in which they intend to bidhave registered. 4.59.5. 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 auction shall commence with countdown of incremental bid and the same will appear on the website prior to the commencement of the auction. 4.7. “Standby mode” is displayed, 6,5,4,3,2,1 followed by a flash message stating which states AUCTION STARTEDBidding Starts. Enter your BID by clicking “NEXT BID” button. 4.8. Each bid will be called for 3 times, “FIRST CALLING, “SECOND CALLING”, “FINAL CALL”9.6. Registered E-Bidders may submit their can bid at any by clicking on the bidding amount button in the website with increments of these stages 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 biddings by click hammer after “Calling 3”, the bid amountbidding ends. 4.99.7. Any bid by the registered Successful and unsuccessful E-bidders shall not Bidders will be withdrawn once enterednotified via email. 4.109.8. In the event of any dispute as to any bid or any dispute arising prior 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 public auction is deferred due to technical reasons, clarification, disruption or special situationunforeseen circumst ances, the Auctioneer may at his discretion decide to pause, restart, postpone and/or call off withdraw the property from the public auction. The auction and the registered E-bidders 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 bidding page of the Auctioneer, whether on-site or through the EHSAN AUCTIONEERS SDN. BHD. ’s website. 4.129.9. The bidder with the highest bid Assignee/Bank shall be declared as successful bidder upon and is hereby at liberty to postpone, adjourn, stand down, call off, withdraw or vacate the auction sale at any time before the fall of hammerhammer with 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. 4.139.10. 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. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder Auctioneers shall be final and conclusive.

Appears in 6 contracts

Samples: Musharakah Agreement, Ijarah Agreement, Assignment Agreement, Purchase Undertaking, Service Agency Agreement, Musharakah Agreement, Ijarah Agreement, 1st Party Assignment, Purchase Undertaking and Service Agency Agreement, Facilities Agreement

BIDDING PROCEDURES. 4.19.1. Bidders have For property with only single bidder, the property will be sold at the reserve price. The single bidder is required to login at EHSAN AUCTIONEERS SDN. BHD. Website using click on the same registered email 30 minute before Auction Time“Accept” button. 4.29.2. Bidders have to click VIEW BID SCREEN BUTTON beside the status to show For property with multiple bidders, the bidding screen. Once enter the bidding screen bidders amount will be on STANDBY MODE 30 minute before determined by the auction startedauctioneer with a new starting price. 4.39.3. Bidding E-bidding shall generally commence based on the sequence of the property lot being shown on displayed in the EHSAN AUCTIONEERS SDNbidding page (Property with Auction Date) 9.4. 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 shall login to log in through the EHSAN AUCTIONEERS SDN. BHD. website to fifteen (15) minutes before the auction commences and wait for their turn to bid for the property lot in which they intend to bidhave registered. 4.59.5. 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 auction shall commence with countdown of incremental bid and the same will appear on the website prior to the commencement of the auction. 4.7. “Standby mode” is displayed, 6,5,4,3,2,1 followed by a flash message stating which states AUCTION STARTEDBidding Starts. Enter your BID by clicking “NEXT BID” button. 4.8. Each bid will be called for 3 times, “FIRST CALLING, “SECOND CALLING”, “FINAL CALL”9.6. Registered E-Bidders may submit their can bid at any by clicking on the bidding amount button in the website with increments of these stages 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 biddings by click hammer after “Calling 3”, the bid amountbidding ends. 4.99.7. Any bid by the registered Successful and unsuccessful E-bidders shall not Bidders will be withdrawn once enterednotified via email. 4.109.8. In the event of any dispute as to any bid or any dispute arising prior 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 propert y at the last undisputed bid and/or in the event the public auction is deferred due to technical reasons, clarification, disruption or special situationunforeseen circumstances, the Auctioneer may at his discretion decide to pause, restart, postpone and/or call off withdraw the property from the public auction. The auction and the registered E-bidders 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 bidding page of the Auctioneer, whether on-site or through the EHSAN AUCTIONEERS SDN. BHD. ’s website. 4.129.9. The bidder with the highest bid Assignee/Bank shall be declared as successful bidder upon and is hereby at liberty to postpone, adjourn, stand down, call off, withdraw or vacate the auction sale at any time before the fall of hammerhammer with 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. 4.139.10. 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. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder Auctioneers shall be final and conclusive.

Appears in 5 contracts

Samples: Facility Agreement, Facilities Agreement and Deed of Assignment, Facilities Agreement

BIDDING PROCEDURES. 4.1. Bidders have to login at EHSAN AUCTIONEERS PG ACT FAST AUCTION (SABAH) 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 PG ACT FAST AUCTION (SABAH) SDN. BHD. websiteWebsite. 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 PG ACT FAST AUCTION (SABAH) 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 Bidder 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 PG ACT FAST AUCTION (SABAH) 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 PG ACT FAST AUCTION (SABAH) SDN. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 5 contracts

Samples: Conditions of Sale, Conditions of Sale, Conditions of Sale

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” buttonBID”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.the 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. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 5 contracts

Samples: Facilities Agreement and Deed of Assignment, Facilities Agreement, Loan Agreement Cum Deed of Assignment and Power of Attorney

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. 4.44.2. 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. 4.54.3. 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. 4.64.4. Auctioneer will announce the amount of incremental bid and the same will appear on the website prior to the commencement of the auction. 4.74.5. “Standby mode” is displayed, followed by a message stating “AUCTION STARTEDBidding started”. Enter your BID by clicking NEXT BID” buttonStart bid”. 4.84.6. Each bid will be called for 3 times, “FIRST CALLINGFirst Calling, “SECOND CALLINGSecond Calling”, “FINAL CALLFinal Call”. Registered E-Bidders may submit their bid at any of these stages of biddings by click entering the bid amount. 4.9. Any bid by the registered E-bidders shall not be withdrawn once entered. 4.104.7. 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 SCREENwebpage. 4.114.8. When system displays “NO MORE BIDSNo More Bids”, no further bids will be accepted by the Auctioneer, whether on-site or through the EHSAN AUCTIONEERS SDN. BHD. website. 4.124.9. The bidder with the highest bid shall be declared as successful bidder upon the fall of hammer. 4.134.10. The decision of the Auctioneer shall be final and binding on all on-site and/or E-bidders. 4.144.11. 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. 4.154.12. 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. 4.164.13. The information shown and/or prompted on the screen handled by the EHSAN AUCTIONEERS SDN. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 4 contracts

Samples: Property Sale Agreement, Facility Agreement, Facility Agreement

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-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. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 4 contracts

Samples: Facility Agreement, Facility Agreement, Facility Agreement

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. 4.44.2. 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. 4.54.3. The Auctioneer has the right to set a new reserve price in the event there is more than 1 bidder. The reference to a "bidderbidder ” here includes E-as E- Bidders as well as on-site biddersonline. 4.64.4. Auctioneer will announce the amount of incremental bid and the same will appear on the website prior to the commencement of the auction. 4.74.5. “Standby mode” is displayed, followed by a message stating “AUCTION STARTEDBidding started”. Enter your BID by clicking NEXT BID” buttonStart bid”. 4.84.6. Each bid will be called for 3 times, “FIRST CALLINGFirst Calling, “SECOND CALLINGSecond Calling”, “FINAL CALLFinal Call”. Registered E-Bidders may submit their bid at any of these stages of biddings by click entering the bid amount. 4.9. Any bid by the registered E-bidders shall not be withdrawn once entered. 4.104.7. 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 SCREENwebpage. 4.114.8. When system displays “NO MORE BIDSNo More Bids”, no further bids will be accepted by the Auctioneer, whether on-site or Auctioneer 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. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 4 contracts

Samples: Facility Agreement, Murabahah Facility Agreement, Housing / Shophouse Loan Agreement

BIDDING PROCEDURES. 4.19.1. Bidders have For property with only single bidder, the property will be sold at the reserve price. The single bidder is required to login at EHSAN AUCTIONEERS SDN. BHD. Website using c lick on the same registered email 30 minute before Auction Time“Accept” button. 4.29.2. Bidders have to click VIEW BID SCREEN BUTTON beside the status to show For property with multiple bidders, the bidding screen. Once enter the bidding screen bidders amount will be on STANDBY MODE 30 minute before determined by the auction startedauctioneer with a new starting price. 4.39.3. Bidding E-bidding shall generally commence based on the sequence of the property lot being shown on displayed in the EHSAN AUCTIONEERS SDNbidding page (Property with Auction Date) 9.4. 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 shall login to log in through the EHSAN AUCTIONEERS SDN. BHD. website to fifteen (15) minutes before the auction commences and wait for their turn to bid for the property lot in which they intend to bidhave registered. 4.59.5. 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 auction shall commence with countdown of incremental bid and the same will appear on the website prior to the commencement of the auction. 4.7. “Standby mode” is displayed, 6,5,4,3,2,1 followed by a flash message stating which states AUCTION STARTEDBidding Starts. Enter your BID by clicking “NEXT BID” button. 4.8. Each bid will be called for 3 times, “FIRST CALLING, “SECOND CALLING”, “FINAL CALL”9.6. Registered E-Bidders may submit their can bid at any by clicking on the bidding amount button in the website with increments of these stages 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 biddings by click hammer after “Calling 3”, the bid amountbidding ends. 4.99.7. Any bid by the registered Successful and unsuccessful E-bidders shall not Bidders will be withdrawn once enterednotified via email. 4.109.8. In the event of any dispute as to any bid or any dispute arising prior 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 public auction is deferred due to technical reasons, clarification, disruption or special situationunforeseen circumstances, the Auctioneer may at his discretion decide to pause, restart, postpone and/or call off withdraw the property from the public auction. The auction and the registered E-bidders 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 bidding page of the Auctioneer, whether on-site or through the EHSAN AUCTIONEERS SDN. BHD. ’s website. 4.129.9. The bidder with the highest bid Assignee/Bank shall be declared as successful bidder upon and is hereby at liberty to postpone, adjourn, stand down, call off, withdraw or vacate the auction sale at any time before the fall of hammerhammer with 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. 4.139.10. 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. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder Auctioneers shall be final and conclusive.

Appears in 3 contracts

Samples: Facility Agreement, Facility Agreement, Facility Agreement

BIDDING PROCEDURES. 4.19.1. Bidders have For property with only single bidder, the property will be sold at the reserve price. The single bidder is required to login at EHSAN AUCTIONEERS SDN. BHD. Website using click on the same registered email 30 minute before Auction Time“Accept” button. 4.29.2. Bidders have to click VIEW BID SCREEN BUTTON beside the status to show For property with multiple bidders, the bidding screen. Once enter the bidding screen bidders amount will be on STANDBY MODE 30 minute before determined by the auction startedauctioneer with a new starting price. 4.39.3. Bidding E-bidding shall generally commence based on the sequence of the property lot being shown on displayed in the EHSAN AUCTIONEERS SDNbidding page (Property with Auction Date) 9.4. 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 shall login to log in through the EHSAN AUCTIONEERS SDN. BHD. website to fifteen (15) minutes before the auction commences and wait for their turn to bid for the property lot in which they intend to bidhave registered. 4.59.5. 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 auction shall commence with countdown of incremental bid and the same will appear on the website prior to the commencement of the auction. 4.7. “Standby mode” is displayed, 6,5,4,3,2,1 followed by a flash message stating “AUCTION STARTEDwhich states “ Bidding Starts. Enter your BID by clicking “NEXT BID” button. 4.8. Each bid will be called for 3 times, “FIRST CALLING, “SECOND CALLING”, “FINAL CALL”9.6. Registered E-Bidders may submit their can bid at any by clicking on the bidding amount button in the website with increments of these stages 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 biddings by click hammer after “Calling 3”, the bid amountbidding ends. 4.99.7. Any bid by the registered Successful and unsuccessful E-bidders shall not Bidders will be withdrawn once enterednotified via email. 4.109.8. In the event of any dispute as to any bid or any dispute arising prior to, during or resulting from the auction sale aft er 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 public auction is deferred due to technical reasons, clarification, disruption or special situationunforeseen circumstances, the Auctioneer may at his discretion decide to pause, restart, postpone and/or call off withdraw the property from the public auction. The auction and the registered E-bidders 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 bidding page of the Auctioneer, whether on-site or through the EHSAN AUCTIONEERS SDN. BHD. ’s website. 4.129.9. The bidder with the highest bid Assignee/Bank shall be declared as successful bidder upon and is hereby at liberty to postpone, adjourn, stand down, call off, withdraw or vacate the auction sale at any time before the fall of hammerhammer with 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. 4.139.10. 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. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder Auctioneers shall be final and conclusive.

Appears in 3 contracts

Samples: Facilities Agreement, Facilities Agreement, Facilities Agreement

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 HERITAGE AUCTIONEERS SDN. BHD. website. However, the Auctioneer has the right to vary this sequence without notice. 4.44.2. It shall be the responsibility of registered E-Bidders to log in through the EHSAN HERITAGE AUCTIONEERS SDN. BHD. website to wait for their turn to bid for the property lot in which they intend to bid. 4.54.3. The Auctioneer has the right to set a new reserve price in the event there is more than 1 bidderbidder provided that the new reserved price set by the auctioneer shall not exceed the market value and/or the reserved price stated and/or recommended in the Valuation Report relied upon for the auction. The reference to a "bidder” here includes E-Bidders as well as on-site bidders. 4.64.4. Auctioneer will announce the amount of incremental bid and the same will appear on the website prior to the commencement of the auction. 4.74.5. “Standby mode” is displayed, followed by a message stating “AUCTION STARTEDBidding started”. Enter your BID by clicking NEXT BID” buttonStart bid”. 4.84.6. Each bid will be called for 3 times, “FIRST CALLINGFirst Calling, “SECOND CALLINGSecond Calling”, “FINAL CALLFinal Call”. Registered E-Bidders may submit their bid at any of these stages of biddings by click entering the bid amount. 4.94.7. Any bid by the registered E-bidders shall not be withdrawn once entered. 4.104.8. 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 SCREENwebpage. 4.114.9. When system displays “NO MORE BIDSNo More Bids”, no further bids will be accepted by the Auctioneer, whether on-site or through the EHSAN AUCTIONEERS SDN. BHD. website.the 4.124.10. The bidder with the highest bid shall be declared as successful bidder upon the fall of hammer. 4.134.11. The decision of the Auctioneer shall be final and binding on all on-site and/or E-bidders. 4.144.12. 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. 4.154.13. 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. 4.164.14. The information shown and/or prompted on the screen handled by the EHSAN HERITAGE AUCTIONEERS SDN. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 3 contracts

Samples: Musharakah Mutanaqisah Master Agreement, Facilities Agreement Musharakah Mutanaqisah and Deed of Assignment, Property Sale Agreement

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 SDNonline bidding interface provided. BHD. website. However, However the Auctioneer has the right to vary this sequence without notice. 4.44.2. It shall be the responsibility of registered E-Bidders to log in through the EHSAN AUCTIONEERS SDN. BHD. website 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. 4.54.3. The Auctioneer has the right to set a new reserve 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 biddersbidders (if applicable). 4.64.4. The Auctioneer will announce the amount of incremental bid and the same will appear on the website prior to the commencement of the auction. 4.74.5. Auction starts when a flash message Standby modeStarts” is displayed, followed by a message stating “AUCTION STARTED”Auction started. Enter your BID by clicking “NEXT BID” buttonbid now”. 4.84.6. Each bid will be called for 3 times, “FIRST CALLINGFirst Calling, “SECOND CALLINGSecond Calling”, “FINAL CALLFinal Call”. Registered E-Bidders may submit their bid at any of these stages of biddings by click entering the bid amount. 4.94.7. Any bid by the registered E-bidders shall not be withdrawn once entered. 4.104.8. 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 SCREENwebpage. 4.114.9. When system displays “NO MORE BIDSNo More Bids”, no further bids will be accepted by the Auctioneer, whether on-site (if applicable) or through the EHSAN AUCTIONEERS SDN. BHD. NCM website. 4.124.10. The bidder with the highest bid shall be declared as successful bidder upon the fall of hammer. 4.134.11. The decision of the Auctioneer shall be final and binding on all on-site (if applicable) and/or E-bidders. 4.144.12. 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. 4.154.13. 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 two (32) working days. 4.164.14. The information shown and/or prompted on the screen handled by the EHSAN AUCTIONEERS SDN. BHD. NCM website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 3 contracts

Samples: Proclamation of Sale, Proclamation of Sale, Facility Agreement

BIDDING PROCEDURES. 4.1. Bidders have to login at EHSAN AUCTIONEERS PG ACT FAST AUCTION (SABAH) 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 PG ACT FAST AUCTION (SABAH) 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 PG ACT FAST AUCTION (SABAH) 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-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 PG ACT FAST AUCTION (SABAH) 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 PG ACT FAST AUCTION (SABAH) SDN. BHDBHD . website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 3 contracts

Samples: Conditions of Sale, Conditions of Sale, Conditions of Sale

BIDDING PROCEDURES. 4.19.1. Bidders have For property with only single bidder, the property will be sold at the reserve price. The single bidder is required to login at EHSAN AUCTIONEERS SDN. BHD. Website using click on the same registered email 30 minute before Auction Time“Accept” button. 4.29.2. Bidders have to click VIEW BID SCREEN BUTTON beside the status to show For property with multiple bidders, the bidding screen. Once enter the bidding screen bidders amount will be on STANDBY MODE 30 minute before determined by the auction startedauctioneer with a new starting price. 4.39.3. Bidding E-bidding shall generally commence based on the sequence of the property lot being shown on displayed in the EHSAN AUCTIONEERS SDNbidding page (Property with Auction Date) 9.4. 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 shall login to log in through the EHSAN AUCTIONEERS SDN. BHD. website to fifteen (15) minutes before the auction commences and wait for their turn to bid for the property lot in which they intend to bidhave registered. 4.59.5. 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 auction shall commence with countdown of incremental bid and the same will appear on the website prior to the commencement of the auction. 4.7. “Standby mode” is displayed, 6,5,4,3,2,1 followed by a flash message stating which states AUCTION STARTEDBidding Starts. Enter your BID by clicking “NEXT BID” button. 4.8. Each bid will be called for 3 times, “FIRST CALLING, “SECOND CALLING”, “FINAL CALL”9.6. Registered E-Bidders may submit their can bid at any by clicking on the bidding amount button in the website with increments of these stages RM 1000, RM 2000, RM 3000, RM 5000 and RM 10000. Every bid will be announced by “Calling 1”, “Calling 2” and “Call ing 3”.Upon the fall of biddings by click hammer after “Calling 3”, the bid amountbidding ends. 4.99.7. Any bid by the registered Successful and unsuccessful E-bidders shall not Bidders will be withdrawn once enterednotified via email. 4.109.8. In the event of any dispute as to any bid or any dispute arising prior 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 public auction is deferred due to technical reasons, clarification, disruption or special situationunforeseen circumstances, the Auctioneer may at his discretion decide to pause, restart, postpone and/or call off withdraw the property from the public auction. The auction and the registered E-bidders 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 bidding page of the Auctioneer, whether on-site or through the EHSAN AUCTIONEERS SDN. BHD. ’s website. 4.129.9. The bidder with the highest bid Assignee/Bank shall be declared as successful bidder upon and is hereby at liberty to postpone, adjourn, stand down, call off, withdraw or vacate the auction sale at any time before the fall of hammerhammer with 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. 4.139.10. 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. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder Auctioneers shall be final and conclusive.

Appears in 3 contracts

Samples: Facilities Agreement and Deed of Assignment, Facilities Agreement and Deed of Assignment, Facilities Agreement and Deed of Assignment

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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 SDNonline bidding interface provided. BHD. website. However, However the Auctioneer has the right to vary this sequence without notice. 4.44.2. It shall be the responsibility of registered E-Bidders to log in through the EHSAN AUCTIONEERS SDN. BHD. website 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. 4.54.3. The Auctioneer has the right to set a new reserve auction price in the event there is more than 1 bidder. The reference to a "bidder” here includes E-E- Bidders as well as on-site biddersbidders (if applicable). 4.64.4. The Auctioneer will announce the amount of incremental bid and the same will appear on the website prior to the commencement of the auction. 4.74.5. Auction starts when a flash message Standby modeStarts” is displayed, followed by a message stating “AUCTION STARTED”Auction started. Enter your BID by clicking “NEXT BID” buttonbid now”. 4.84.6. Each bid will be called for 3 times, “FIRST CALLINGFirst Calling, “SECOND CALLINGSecond Calling”, “FINAL CALLFinal Call”. Registered E-Bidders may submit their bid at any of these stages of biddings by click entering the bid amount. 4.94.7. Any bid by the registered E-bidders shall not be withdrawn once entered. 4.104.8. 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 SCREENwebpage. 4.114.9. When system displays “NO MORE BIDSNo More Bids”, no further bids will be accepted by the Auctioneer, whether on-site (if applicable) or through the EHSAN AUCTIONEERS SDN. BHD. websiteAuctioneer’s Website. 4.124.10. The bidder with the highest bid shall be declared as successful bidder upon the fall of hammer. 4.134.11. The decision of the Auctioneer shall be final and binding on all on-site (if applicable) and/or E-bidders. 4.144.12. 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. 4.154.13. 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 two (32) working days. 4.164.14. The information shown and/or prompted on the screen handled by the EHSAN AUCTIONEERS SDN. BHD. website Auctioneer’s Website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 2 contracts

Samples: Property Purchase Agreement, Facility Agreement

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.on 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. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 2 contracts

Samples: Property Sale Agreement, Property Purchase Agreement

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. 4.44.2. 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. 4.54.3. 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. 4.64.4. Auctioneer will announce the amount of incremental bid and the same will appear on the website prior to the commencement of the auction. 4.74.5. “Standby mode” is displayed, followed by a message stating “AUCTION STARTEDBidding started”. Enter your BID by clicking NEXT BID” buttonStart bid”. 4.84.6. Each bid will be called for 3 times, “FIRST CALLINGFirst Calling, “SECOND CALLINGSecond Calling”, “FINAL CALLFinal Call”. Registered E-Bidders may submit their bid at any of these stages of biddings by click entering the bid amount. 4.9. Any bid by the registered E-bidders shall not be withdrawn once entered. 4.104.7. 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 SCREENwebpage. 4.114.8. When system displays “NO MORE BIDSNo 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. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 2 contracts

Samples: Facility Agreement, Facility Agreement

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. 4.44.2. 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. 4.54.3. 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-as E- Bidders as well as on-site biddersonline. 4.64.4. Auctioneer will announce the amount of incremental bid and the same will appear on the website prior to the commencement of the auction. 4.74.5. “Standby mode” is displayed, followed by a message stating “AUCTION STARTEDBidding started”. Enter your BID by clicking NEXT BID” buttonStart bid”. 4.84.6. Each bid will be called for 3 times, “FIRST CALLINGFirst Calling, “SECOND CALLINGSecond Calling”, “FINAL CALLFinal Call”. Registered E-Bidders may submit their bid at any of these stages of biddings by click entering the bid amount. 4.9. Any bid by the registered E-bidders shall not be withdrawn once entered. 4.104.7. 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 SCREENwebpage. 4.114.8. When system displays “NO MORE BIDSNo More Bids”, no further bids will be accepted by the Auctioneer, whether on-site or Auctioneer through the EHSAN AUCTIONEERS SDN. BHD. website. 4.124.9. The bidder with the highest bid shall be declared as successful bidder upon the fall of hammer. 4.134.10. The decision of the Auctioneer shall be final and binding on all on-site and/or E-biddersonline. 4.144.11. 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. 4.154.12. 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. 4.164.13. The information shown and/or prompted on the screen handled by the EHSAN AUCTIONEERS SDN. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 2 contracts

Samples: Facility Agreement, Loan Agreement and Deed of Assignment

BIDDING PROCEDURES. 4.11. Bidders have On or about January 6, 2017 , Seller shall deliver to login Buyer a list of properties (the “Properties” and each separate parcel thereof a “Property”) which will be offered for sale by an online Offer System at EHSAN AUCTIONEERS SDNXxxxxxxxxXXX.xxx website. BHD. Website using Xxxxx acknowledges that Seller will not own title to the same registered email 30 minute before Auction TimeProperties at the time it delivers the list of Properties to Buyer, and that the Properties are owned by, and are being offered for sale at auction by, one or more third parties (each an “Ultimate Seller”) who are not owned or controlled by Seller. 4.22. Bidders have On or before 12:00 AM (Tampa, Florida time) on November 30, -0001 , Buyer shall deliver to click VIEW BID SCREEN BUTTON beside Seller Xxxxx’s bid amount for each of the status Properties on for which Xxxxx wishes to show bid. Buyer’s bid amounts shall be made on a Property by Property basis, and shall be transmitted to Seller by the bidding screenonline Offer System at XxxxxxxxxXXX.xxx website. Once enter Buyer may bid on any or all of the bidding screen bidders Properties on the list. 3. On or before 12:00 AM (Tampa, Florida time) on the next business day after Xxxxx delivers to Seller Buyer’s bid amount for each of the Properties on for which Buyer wishes to bid, Buyer shall deliver to Seller, by wire transfer of immediately available US funds in accordance with the wiring instructions attached as Exhibit “A” to this Contract, the amount (the “Deposit”) equal to fifty percent (50%) of the total amount of all of the bids submitted by Buyer [or $250,000.00, whichever is less]. The Deposit will be on STANDBY MODE 30 minute before the auction startednon-refundable except as specifically provided in this Contract. 4.34. Bidding Seller shall generally commence based submit bids on the sequence Properties to the Ultimate Sellers on behalf of Buyer, Seller, and other parties, on the timeframes required by the Ultimate Sellers. Xxxxx understands and agrees that the amounts of the lot being shown on bids Seller will submit to the EHSAN AUCTIONEERS SDN. BHD. website. However, Ultimate Sellers may be different than 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 amounts specified by Buyer for the property lot in Properties on which they intend Buyer submits a bid, and that the decision as 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 the bid and the same will appear on the website prior Seller submits to the commencement of the auction. 4.7. “Standby mode” is displayedUltimate Sellers, followed by or whether Seller submits a message stating “AUCTION STARTED”. Enter your BID by clicking “NEXT BID” button. 4.8. Each bid for any particular Property, will be called for 3 times, “FIRST CALLING, “SECOND CALLING”, “FINAL CALL”determined by Seller in Seller’s sole and absolute discretion. 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 Seller shall not be withdrawn once enteredobligated to account to Buyer for any difference between Xxxxx’s Bid and the amount of the bid submitted by Seller with respect to any of the Properties. 4.105. In Within two (2) business days after Seller determines which of the event of any clarificationProperties, disruption or special situationif any, 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 bid submitted by the Auctioneer, whether on-site or through the EHSAN AUCTIONEERS SDN. BHD. website. 4.12. The bidder with Buyer is the highest bid (“Winning Bid”), Seller will notify Buyer by email which of the Properties, if any, the Winning Bid was submitted by Buyer. Upon such notification, subject to the terms and provisions of this Contract, Buyer will be obligated to purchase from Seller, and Seller will be obligated to sell to Buyer, each of the Properties to which a Winning Bid submitted by Buyer applies (each such Property hereinafter referred to as a “Conveyance Property”). 6. Within two (2) business days after Seller determines which of the Properties, if any, are Conveyance Properties, if the total of the Winning Bids submitted by Buyer exceeds the amount of the Deposit, Buyer shall deliver to Seller, by wire transfer of immediately available US funds, in accordance with the wiring instructions attached as Exhibit “A” to this Contract, the amount by which the total of the Winning Bids submitted by Buyer exceeds the amount of the Deposit. 7. Within two (2) business days after Seller determines which of the Properties, if any, are Conveyance Properties, if the Deposit exceed the total of the Winning Bids submitted by Buyer, Seller shall return to Buyer, by wire transfer in accordance with wiring instructions to be provided in writing by Buyer, the amount by which the Deposit exceeds the total of the Winning Bids submitted by Buyer. 8. Buyer understands that Seller will charge Buyer an administrative fee of $50.00 for handling of deposit. These fees shall be declared as successful bidder upon the fall of hammereither assessed to any additional funds due or retained from excess deposit refunds. 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. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 2 contracts

Samples: Agreement Regarding Sale of Real Estate by Bid at Auction, Agreement Regarding Sale of Real Estate by Bid at Auction

BIDDING PROCEDURES. 4.1. Bidders have to login at EHSAN AUCTIONEERS PG ACT FAST AUCTION (SABAH) 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 PG ACT FAST AUCTION (SABAH) 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 PG ACT FAST AUCTION (SABAH) 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.the 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. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 2 contracts

Samples: Conditions of Sale, Conditions of Sale

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 HERITAGE AUCTIONEERS SDN. BHD. website. However, the Auctioneer has the right to vary this sequence without notice. 4.44.2. It shall be the responsibility of registered E-Bidders to log in through the EHSAN HERITAGE AUCTIONEERS SDN. BHD. website to wait for their turn to bid for the property lot in which they intend to bid. 4.54.3. The Auctioneer has the right to set a new reserve price in the event there is more than 1 bidderbidder provided that the new reserved price set by the auctioneer shall not exceed the market value and/or the reserved price stated and/or recommended in the Valuation Report relied upon for the auction. The reference to a "bidder” here includes E-Bidders as well as on-site bidders. 4.64.4. Auctioneer will announce the amount of incremental bid and the same will appear on the website prior to the commencement of the auction. 4.74.5. “Standby mode” is displayed, followed by a message stating “AUCTION STARTEDBidding started”. Enter your BID by clicking NEXT BID” buttonStart bid”. 4.84.6. Each bid will be called for 3 times, “FIRST CALLINGFirst Calling, “SECOND CALLINGSecond Calling”, “FINAL CALLFinal Call”. Registered E-Bidders may submit their bid at any of these stages of biddings by click entering the bid amount. 4.94.7. Any bid by the registered E-bidders shall not be withdrawn once entered. 4.104.8. 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 SCREENwebpage. 4.114.9. When system displays “NO MORE BIDSNo More Bids”, no further bids will be accepted by the Auctioneer, whether on-site or through the EHSAN HERITAGE 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. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 2 contracts

Samples: Composite Loan Agreement and Assignment, Facilities Agreement

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 HERITAGE AUCTIONEERS SDN. BHD. website. However, the Auctioneer has the right to vary this sequence without notice. 4.44.2. It shall be the responsibility of registered E-Bidders to log in through the EHSAN HERITAGE AUCTIONEERS SDN. BHD. website to wait for their turn to bid for the property lot in which they intend to bid. 4.54.3. The Auctioneer has the right to set a new reserve price in the event there is more than 1 bidderbidder provided that the new reserv xx xxxxx set by the auctioneer shall not exceed the market value and/or the reserved price stated and/or recommended in the Valuation Report relied upon for the auction. The reference to a "bidder” here includes E-Bidders as well as on-site bidders. 4.64.4. Auctioneer will announce the amount of incremental bid and the same will appear on the website prior to the commencement of the auction. 4.74.5. “Standby mode” is displayed, followed by a message stating “AUCTION STARTEDBidding started”. Enter your BID by clicking NEXT BID” buttonStart bid”. 4.84.6. Each bid will be called for 3 times, “FIRST CALLINGFirst Calling, “SECOND CALLINGSecond Calling”, “FINAL CALLFinal Call”. Registered E-Bidders may submit their bid at any of these stages of biddings by click entering the bid amount. 4.94.7. Any bid by the registered E-bidders shall not be withdrawn once entered. 4.104.8. 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 SCREENwebpage. 4.114.9. When system displays “NO MORE BIDSNo More Bids”, no further bids will be accepted by the Auctioneer, whether on-site or through the EHSAN HERITAGE AUCTIONEERS SDN. BHD. website. 4.124.10. The bidder with the highest bid shall be declared as successful bidder upon the fall of hammer. 4.134.11. The decision of the Auctioneer shall be final and binding on all on-site and/or E-bidders. 4.144.12. 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. 4.154.13. 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. 4.164.14. The information shown and/or prompted on the screen handled by the EHSAN HERITAGE AUCTIONEERS SDN. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 2 contracts

Samples: Facility Agreement, Facility Agreement

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. 4.44.2. 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. 4.54.3. 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 as E-Bidders as well as on-site biddersonline. 4.64.4. Auctioneer will announce the amount of incremental bid and the same will appear on the website prior to the commencement of the auction. 4.74.5. “Standby mode” is displayed, followed by a message stating “AUCTION STARTEDBidding started”. Enter your BID by clicking NEXT BID” buttonStart bid”. 4.84.6. Each bid will be called for 3 times, “FIRST CALLINGFirst Calling, “SECOND CALLINGSecond Calling”, “FINAL CALLFinal Call”. Registered E-Bidders may submit their bid at any of these stages of biddings by click entering the bid amount. 4.9. Any bid by the registered E-bidders shall not be withdrawn once entered. 4.104.7. 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 SCREENwebpage. 4.114.8. When W hen system displays “NO MORE BIDSNo More Bids”, no further bids will be accepted by the Auctioneer, whether on-site or Auctioneer 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. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 1 contract

Samples: Murabahah Facility Agreement

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. 4.44.2. 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. 4.54.3. 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-as E- Bidders as well as on-site biddersonline. 4.64.4. Auctioneer will announce the amount of incremental bid and the same will appear on the website prior to the commencement of the auction. 4.74.5. “Standby mode” is displayed, followed by a message stating “AUCTION STARTEDBidding started”. Enter your BID by clicking NEXT BID” buttonStart bid”. 4.84.6. Each bid will be called for 3 times, “FIRST CALLINGFirst Calling, “SECOND CALLINGSecond Calling”, “FINAL CALLFinal Call”. Registered E-Bidders may submit their bid at any of these stages of biddings by click entering the bid amount. 4.9. Any bid by the registered E-bidders shall not be withdrawn once entered. 4.104.7. 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 SCREENwebpage. 4.114.8. When W hen system displays “NO MORE BIDSNo More Bids”, no further bids will be accepted by the Auctioneer, whether on-site or Auctioneer 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. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 1 contract

Samples: Housing / Shophouse Agreement Term Loan

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. 4.1 Bidding shall generally commence based on the sequence of the lot being shown on the EHSAN AUCTIONEERS SDN. BHD. websitexxx.xxxx0xxx.xxx/xxxxxxx/xxx. However, the Auctioneer has the right to vary this sequence without notice. 4.4. 4.2 It shall be the responsibility of registered E-Bidders to log in through the EHSAN AUCTIONEERS SDN. BHD. website xxx.xxxx0xxx.xxx/xxxxxxx/xxx to wait for their turn to bid for the property lot in which they intend to bid. 4.5. 4.3 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. 4.4 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. 4.5 Auction starts when a flash message Standby modeStarts” is displayed, followed by a message stating “AUCTION STARTED”Auction started. Enter your BID by clicking “NEXT BID” buttonbid now”. 4.8. 4.6 Each bid will be called for 3 times, “FIRST CALLING, “SECOND CALLINGFirst Calling”, “FINAL CALLSecond Calling”, “Final Call”. Registered E-Bidders may submit their bid at any of these stages of biddings by click entering the bid amount. 4.9. 4.7 Any bid by the registered E-bidders shall not be withdrawn once entered. 4.10. 4.8 In the event of any clarification, disruption or special situation, the Auctioneer may at his discretion direction decide to pause, postpone and/or call off the public auction. The E-bidders will be notified of this on the BIDDING SCREENwebpage. 4.11. 4.9 When system displays “NO MORE BIDSNo More Bids”, no further bids will be accepted by the Auctioneer, whether on-site or through the EHSAN AUCTIONEERS SDN. BHD. websitexxx.xxxx0xxx.xxx/xxxxxxx/xxx. 4.12. 4.10 The bidder with the highest bid shall be declared as successful bidder upon the fall of hammer. 4.13. 4.11 The decision of the Auctioneer shall be final and binding on all on-site and/or E-bidders. 4.14. 4.12 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. 4.13 Unsuccessful E-Bidders will have the deposit paid processed to be the refunded to the same bank account from which the deposit transfer was made within three two (32) working days. 4.16. 4.14 The information shown and/or prompted on the screen handled by the EHSAN AUCTIONEERS SDN. BHD. website xxx.xxxx0xxx.xxx/xxxxxxx/xxx regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 1 contract

Samples: Facility Agreement

BIDDING PROCEDURES. 4.1. Bidders have Seller acknowledges that this Agreement is the culmination of an extensive process undertaken by Seller to login at EHSAN AUCTIONEERS SDN. BHD. Website using identify and negotiate a transaction with a bidder who was prepared to pay 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 highest and best purchase price 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 Transferred Assets while assuming 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 otherwise satisfying certain liabilities in order to conclude maximize the value of those assets. Set forth below are the bidding procedures (the "BIDDING Procedures") to be employed with respect to this Agreement concerning the sale of the auction propertyTransferred Assets to Buyer (the "SALE"). Please also refer The Sale is subject to Part 5 belowcompetitive bidding only as set forth herein and approval by the Bankruptcy Court at the Sale Hearing under Sections 105, 363, and 365 of the Bankruptcy Code. The following overbid provisions and related bid protections are designed to compensate Buyer for its efforts and agreements to date and to facilitate a full and fair process designed to maximize the value of the Transferred Assets for the benefit of Seller's creditors and stakeholders. 4.15(a) BID DEADLINE. Unsuccessful EAll Bids must be submitted to Seller, c/o American Architectural Products Corporation, 860 Boardman-Bidders will have Canfield Road, Boca Building, Suite 107, Boardman, Ohio 00000, xx xxx xxxxxxxxx xx its General Counsel and to Xxxxxx's counsel, Squire, Sanders & Dempsey L.L.P., and Conway, Del Genio, Gries & Co., LLC, Sxxxxx'x fixxxxxxx advisor, so xx xx be received nxx xxter than 11:00 a.m., prevailing Eastern time on the deposit paid processed to be refunded date which is five (5) business days prior 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 date scheduled by the EHSAN AUCTIONEERS SDNBankruptcy Court for the Sale Hearing, which date may change from time to time (the "BID DEADLINE"). BHD. website regarding Seller will immediately distribute by facsimile transmission, personal delivery or reliable overnight courier service in accordance with the public auction, particularly notice procedures set forth in Section 15.2 a copy of each Bid upon receipt to (i) counsel to the calling of bidding price during the bidding process Committee and the declaration of successful bidder shall be final and conclusive.(ii)

Appears in 1 contract

Samples: Asset Purchase Agreement (American Architectural Products Corp)

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 HERITAGE AUCTIONEERS SDN. BHD. website. However, the Auctioneer has the right to vary this sequence without notice. 4.44.2. It shall be the responsibility of registered E-Bidders to log in through the EHSAN HERITAGE AUCTIONEERS SDN. BHD. website to wait for their turn to bid for the property lot in which they intend to bid. 4.54.3. The Auctioneer has the right to set a new reserve price in the event there is more than 1 bidderbidder provided that the new reserved price set by the auctioneer shall not exceed the market value and/or the reserved price stated and/or recommended in the Valuation Report relied upon for the auction. The reference to a "bidder” here includes E-Bidders as well as on-site bidders. 4.64.4. Auctioneer will announce the amount of incremental bid and the same will appear on the website prior to the commencement of the auction. 4.74.5. “Standby mode” is displayed, followed by a message stating “AUCTION STARTEDBidding started”. Enter your BID by clicking NEXT BID” buttonStart bid”. 4.84.6. Each bid will be called for 3 times, “FIRST CALLINGFirst Calling, “SECOND CALLINGSecond Calling”, “FINAL CALLFinal Call”. Registered E-Bidders may submit their bid at any of these stages of biddings by click entering the bid amount. 4.94.7. Any bid by the registered E-bidders shall not be withdrawn once entered. 4.104.8. 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 SCREENwebpage. 4.114.9. When system displays “NO MORE BIDSNo More Bids”, no further bids will be accepted by the Auctioneer, whether on-site or through the EHSAN HERITAGE AUCTIONEERS SDN. BHD. website. 4.124.10. The bidder with the highest bid shall be declared as successful bidder upon the fall of hammer. 4.134.11. The decision of the Auctioneer shall be final and binding on all on-site and/or E-bidders. 4.144.12. 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. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 1 contract

Samples: Loan Agreement

BIDDING PROCEDURES. 4.1. Bidders have to login log in at EHSAN AUCTIONEERS SDN. BHD. Website using the same registered email 30 minute minutes before Auction Time. 4.2. Bidders have to click the 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 minutes before the auction startedstarts. 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 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 the “NEXT BID” button. 4.8. Each bid will be called for 3 times, “FIRST CALLING, “SECOND CALLING”, and “FINAL CALL”. Registered E-Bidders may submit their bid at any of these stages of biddings bidding by click clicking 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 disruption, or special situation, the Auctioneer may at his discretion decide to pause, postpone postpone, and/or call off the public auction. The E-bidders will be notified of this on the BIDDING SCREEN. 4.11. When the 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 a successful bidder upon the fall of the 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 is handled by the EHSAN AUCTIONEERS SDN. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 1 contract

Samples: Master Facility Agreement

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 SDNonline bidding interface provided. BHD. website. However, However the Auctioneer has the right to vary this sequence without notice. 4.44.2. It shall be the responsibility of registered E-Bidders to log in through the EHSAN AUCTIONEERS SDN. BHD. website 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. 4.54.3. The Auctioneer has the right to set a new reserve auction price in the event there is more than 1 bidder. The reference to a "bidder” here includes E-E- Bidders as well as on-site biddersbidders (if applicable). 4.64.4. The Auctioneer will announce the amount of incremental bid and the same will appear on the website prior to the commencement of the auction. 4.74.5. Auction starts when a flash message Standby modeStarts” is displayed, followed by a message stating “AUCTION STARTED”Auction started. Enter your BID by clicking “NEXT BID” buttonbid now”. 4.84.6. Each bid will be called for 3 times, “FIRST CALLINGFirst Calling, “SECOND CALLINGSecond Calling”, “FINAL CALLFinal Call”. Registered E-Bidders may submit their bid at any of these stages of biddings by click entering the bid amount. 4.94.7. Any bid by the registered E-bidders shall not be withdrawn once entered. 4.104.8. 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 SCREENwebpage. 4.114.9. When system displays “NO MORE BIDSNo More Bids”, no further bids will be accepted by the Auctioneer, whether on-site (if applicable) or through the EHSAN AUCTIONEERS SDN. BHD. NCM website. 4.124.10. The bidder with the highest bid shall be declared as successful bidder upon the fall of hammer. 4.134.11. The decision of the Auctioneer shall be final and binding on all on-site (if applicable) and/or E-bidders. 4.144.12. 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. 4.154.13. 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 two (32) working days. 4.164.14. The information shown and/or prompted on the screen handled by the EHSAN AUCTIONEERS SDN. BHD. NCM website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 1 contract

Samples: Facility Agreement

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. 4.44.2. 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. 4.54.3. The Auctioneer has the right to set a new reserve price in the event there is more than 1 bidder. The reference refer ence to a "bidder” here includes E-as E- Bidders as well as on-site biddersonline. 4.64.4. Auctioneer will announce the amount of incremental bid and the same will appear on the website prior to the commencement of the auction. 4.74.5. “Standby mode” is displayed, followed by a message stating “AUCTION STARTEDBidding started”. Enter your BID by clicking NEXT BID” buttonStart bid”. 4.84.6. Each bid will be called for 3 times, “FIRST CALLINGFirst Calling, “SECOND CALLINGSecond Calling”, “FINAL CALLFinal Call”. Registered E-Bidders may submit their bid at any of these stages of biddings by click entering the bid amount. 4.9. Any bid by the registered E-bidders shall not be withdrawn once entered. 4.104.7. 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 SCREENwebpage. 4.114.8. When system displays “NO MORE BIDSNo More Bids”, no further bids will be accepted by the Auctioneer, whether on-site or Auctioneer 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. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 1 contract

Samples: Facility Agreement

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 SDNonline bidding interface provided. BHD. website. However, However the Auctioneer has the right to vary this sequence without notice. 4.44.2. It shall be the responsibility of registered E-Bidders to log in through the EHSAN AUCTIONEERS SDN. BHD. website 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. 4.54.3. The Auctioneer has the right to set a new reserve auction price in the event there is more than 1 bidder. The reference to a "bidder” here includes E-E- Bidders as well as on-site biddersbidders (if applicable). 4.64.4. The Auctioneer will announce the amount of incremental bid and the same will appear on the website prior to the commencement of the auction. 4.74.5. Auction starts when a flash message Standby modeStarts” is displayed, followed by a message stating “AUCTION STARTED”Auction started. Enter your BID by clicking “NEXT BID” buttonbid now”. 4.84.6. Each bid will be called for 3 times, “FIRST CALLINGFirst Calling, “SECOND CALLINGSecond Calling”, “FINAL CALLFinal Call”. Registered E-Bidders may submit their bid at any of these stages of biddings by click entering the bid amount. 4.94.7. Any bid by the registered E-bidders shall not be withdrawn once entered. 4.104.8. 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 SCREENwebpage. 4.114.9. When system displays “NO MORE BIDSNo More Bids”, no further bids will be accepted by the Auctioneer, whether on-site (if applicable) or through the EHSAN AUCTIONEERS SDN. BHD. NCM website. 4.124.10. The bidder with the highest bid shall be declared as successful bidder upon the fall of hammer. 4.134.11. The decision of the Auctioneer shall be final and binding on all on-site (if applicable) and/or E-bidders. 4.144.12. 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. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 1 contract

Samples: Master Facility Agreement

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. 4.44.2. 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. 4.54.3. The Auctioneer has the right to set a new reserve price in the event there is more than 1 bidder. The reference to a "bidderbi dder” here includes E-Bidders as well as on-site bidders. 4.64.4. Auctioneer will announce the amount of incremental bid and the same will appear on the website prior to the commencement of the t he auction. 4.74.5. “Standby mode” is displayed, followed by a message stating “AUCTION STARTEDBidding started”. Enter your BID by clicking NEXT BID” buttonStart bid”. 4.84.6. Each bid will be called for 3 times, “FIRST CALLINGFirst Calling, “SECOND CALLINGSecond Calling”, “FINAL CALLFinal Call”. Registered E-Bidders may submit their bid at any of these stages of biddings by click entering the bid amount. 4.9. Any bid by the registered E-bidders shall not be withdrawn once entered. 4.104.7. 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 SCREENwebpage. 4.114.8. When system displays “NO MORE BIDSNo More Bids”, no further bids will be accepted by the Auctioneer, whether on-site or through the EHSAN AUCTIONEERS SDN. BHD. website. 4.124.9. The bidder with the highest bid shall be declared as successful bidder upon the fall of hammer. 4.134.10. The decision of the Auctioneer shall be final and binding on all on-site and/or E-bidders. 4.144.11. 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. 4.154.12. 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. 4.164.13. The information shown and/or prompted on the screen handled by the EHSAN AUCTIONEERS SDN. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 1 contract

Samples: Loan Agreement

BIDDING PROCEDURES. 4.11. Bidders have On or about August 9, 2016 , Seller shall deliver to login Buyer a list of properties (the “Properties” and each separate parcel thereof a “Property”) which will be offered for sale by an online Offer System at EHSAN AUCTIONEERS SDNXxxxxxxxxXXX.xxx website. BHD. Website using Xxxxx acknowledges that Seller will not own title to the same registered email 30 minute before Auction TimeProperties at the time it delivers the list of Properties to Buyer, and that the Properties are owned by, and are being offered for sale at auction by, one or more third parties (each an “Ultimate Seller”) who are not owned or controlled by Seller. 4.22. Bidders have On or before 12:00 AM (Tampa, Florida time) on November 30, -0001 , Buyer shall deliver to click VIEW BID SCREEN BUTTON beside Seller Xxxxx’s bid amount for each of the status Properties on for which Xxxxx wishes to show bid. Buyer’s bid amounts shall be made on a Property by Property basis, and shall be transmitted to Seller by the bidding screenonline Offer System at XxxxxxxxxXXX.xxx website. Once enter Buyer may bid on any or all of the bidding screen bidders Properties on the list. 3. On or before 12:00 AM (Tampa, Florida time) on the next business day after Xxxxx delivers to Seller Buyer’s bid amount for each of the Properties on for which Buyer wishes to bid, Buyer shall deliver to Seller, by wire transfer of immediately available US funds in accordance with the wiring instructions attached as Exhibit “A” to this Contract, the amount (the “Deposit”) equal to fifty percent (50%) of the total amount of all of the bids submitted by Buyer [or $250,000.00, whichever is less]. The Deposit will be on STANDBY MODE 30 minute before the auction startednon-refundable except as specifically provided in this Contract. 4.34. Bidding Seller shall generally commence based submit bids on the sequence Properties to the Ultimate Sellers on behalf of Buyer, Seller, and other parties, on the timeframes required by the Ultimate Sellers. Xxxxx understands and agrees that the amounts of the lot being shown on bids Seller will submit to the EHSAN AUCTIONEERS SDN. BHD. website. However, Ultimate Sellers may be different than 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 amounts specified by Buyer for the property lot in Properties on which they intend Buyer submits a bid, and that the decision as 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 the bid and the same will appear on the website prior Seller submits to the commencement of the auction. 4.7. “Standby mode” is displayedUltimate Sellers, followed by or whether Seller submits a message stating “AUCTION STARTED”. Enter your BID by clicking “NEXT BID” button. 4.8. Each bid for any particular Property, will be called for 3 times, “FIRST CALLING, “SECOND CALLING”, “FINAL CALL”determined by Seller in Seller’s sole and absolute discretion. 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 Seller shall not be withdrawn once enteredobligated to account to Buyer for any difference between Xxxxx’s Bid and the amount of the bid submitted by Seller with respect to any of the Properties. 4.105. In Within two (2) business days after Seller determines which of the event of any clarificationProperties, disruption or special situationif any, 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 bid submitted by the Auctioneer, whether on-site or through the EHSAN AUCTIONEERS SDN. BHD. website. 4.12. The bidder with Buyer is the highest bid (“Winning Bid”), Seller will notify Buyer by email which of the Properties, if any, the Winning Bid was submitted by Buyer. Upon such notification, subject to the terms and provisions of this Contract, Buyer will be obligated to purchase from Seller, and Seller will be obligated to sell to Buyer, each of the Properties to which a Winning Bid submitted by Buyer applies (each such Property hereinafter referred to as a “Conveyance Property”). 6. Within two (2) business days after Seller determines which of the Properties, if any, are Conveyance Properties, if the total of the Winning Bids submitted by Buyer exceeds the amount of the Deposit, Buyer shall deliver to Seller, by wire transfer of immediately available US funds, in accordance with the wiring instructions attached as Exhibit “A” to this Contract, the amount by which the total of the Winning Bids submitted by Buyer exceeds the amount of the Deposit. 7. Within two (2) business days after Seller determines which of the Properties, if any, are Conveyance Properties, if the Deposit exceed the total of the Winning Bids submitted by Buyer, Seller shall return to Buyer, by wire transfer in accordance with wiring instructions to be provided in writing by Buyer, the amount by which the Deposit exceeds the total of the Winning Bids submitted by Buyer. 8. Buyer understands that Seller will charge Buyer an administrative fee of $50.00 for handling of deposit. These fees shall be declared as successful bidder upon the fall of hammereither assessed to any additional funds due or retained from excess deposit refunds. 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. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 1 contract

Samples: Sale Agreement

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. 4.44.2. 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. 4.54.3. The Auctioneer has the right to set a new reserve price in the event there is more than 1 bidder. The reference to a "bidderbi dder” here includes E-Bidders as well as on-site bidders. 4.64.4. Auctioneer will announce the amount of incremental bid and the same will appear on the website prior to the commencement of the auction. 4.74.5. “Standby mode” is displayed, followed by a message stating “AUCTION STARTEDBidding started”. Enter your BID by clicking NEXT BID” buttonStart bid”. 4.84.6. Each bid will be called for 3 times, “FIRST CALLINGFirst Calling, “SECOND CALLINGSecond Calling”, “FINAL CALLFinal Call”. Registered E-Bidders may submit their bid at any of these stages of biddings by click entering the bid amount. 4.9. Any bid by the registered E-bidders shall not be withdrawn once entered. 4.104.7. 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 SCREENwebpage. 4.114.8. When system displays “NO MORE BIDSNo More Bids”, no further bids will be accepted by the Auctioneer, whether on-site or through the EHSAN AUCTIONEERS SDN. BHD. website. 4.124.9. The bidder with the highest bid shall be declared as successful bidder upon the fall of hammer. 4.134.10. The decision of the Auctioneer shall be final and binding on all on-site and/or E-bidders. 4.144.11. 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. 4.154.12. 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. 4.164.13. The information shown and/or prompted on the screen handled by the EHSAN AUCTIONEERS SDN. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 1 contract

Samples: Loan Agreement

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 HERITAGE AUCTIONEERS SDN. BHD. website. However, the Auctioneer has the right to vary this sequence without notice. 4.44.2. It shall be the responsibility of registered E-Bidders to log in through the EHSAN HERITAGE AUCTIONEERS SDN. BHD. website to wait for their turn to bid for the property lot in which they intend to bid. 4.54.3. The Auctioneer has the right to set a new reserve price in the event there is more than 1 bidderbidder provided that the new reserved price set by the auctioneer shall not exceed the market value and/or the reserved price stated and/or recommended in the Valuation Report relied upon for the auction. The reference to a "bidder” here includes E-Bidders as well as on-site bidders. 4.64.4. Auctioneer will announce the amount of incremental bid and the same will appear on the website prior to the commencement of the auction. 4.74.5. “Standby mode” is displayed, followed by a message stating “AUCTION STARTEDBidding started”. Enter your BID by clicking NEXT BID” buttonStart bid”. 4.84.6. Each bid will be called for 3 times, “FIRST CALLINGFirst Calling, “SECOND CALLINGSecond Calling”, “FINAL CALLFinal Call”. Registered E-Bidders may submit their bid at any of these stages of biddings by click entering the bid amount. 4.94.7. Any bid by the registered E-bidders shall not be withdrawn once entered. 4.104.8. 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 SCREENwebpage. 4.114.9. When system displays “NO MORE BIDSNo More Bids”, no further bids will be accepted by the Auctioneer, whether on-site or through the EHSAN AUCTIONEERS SDN. BHD. website.the 4.124.10. The bidder with the highest bid shall be declared as successful bidder upon the fall of hammer. 4.134.11. The decision of the Auctioneer shall be final and binding on all on-site and/or E-bidders. 4.144.12. 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. 4.154.13. 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. 4.164.14. The information shown and/or prompted on the screen handled by the EHSAN HERITAGE AUCTIONEERS SDN. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 1 contract

Samples: Facility Agreement

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 responsibilityof 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.the 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 auctio n property. Please also refer to Part 5 below. 4.15. Unsuccessful E-Bidders will have the deposit paid processed to processedto 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. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder bid der shall be final and conclusive.

Appears in 1 contract

Samples: Facilities Agreement

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 HERITAGE AUCTIONEERS SDN. BHD. website. However, the Auctioneer has the right to vary this sequence without notice. 4.44.2. It shall be the responsibility of registered E-Bidders to log in through the EHSAN HERITAGE AUCTIONEERS SDN. BHD. website to wait for their turn to bid for the property lot in which they intend to bid. 4.54.3. The Auctioneer has the right to set a new reserve price in the event there is more than 1 bidderbidder provided that the new reserved price set by the auctioneer shall not exceed the market value and/or the reserved price stated and/or recommended in the Valuation Report relied upon for the auction. The reference to a "bidder” here includes E-Bidders as well as on-site bidders. 4.64.4. Auctioneer will announce the amount of incremental bid and the same will appear on the website prior to the commencement of the auction. 4.74.5. “Standby mode” is displayed, followed by a message stating “AUCTION STARTEDBidding started”. Enter your BID by clicking NEXT BID” buttonStart bid”. 4.84.6. Each bid will be called for 3 times, “FIRST CALLINGFirst Calling, “SECOND CALLINGSecond Calling”, “FINAL CALLFinal Call”. Registered E-Bidders may submit their bid at any of these stages of biddings by click entering the bid amount. 4.94.7. Any bid by the registered E-bidders shall not be withdrawn once entered. 4.104.8. 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 SCREENwebpage. 4.114.9. When system displays “NO MORE BIDSNo More Bids”, no further bids will be accepted by the Auctioneer, whether on-site or through the EHSAN HERITAGE AUCTIONEERS SDN. BHD. website. 4.124.10. The bidder with the highest bid shall be declared as successful bidder upon the fall of hammer. 4.134.11. The decision of the Auctioneer shall be final and binding on all on-site and/or E-bidders. 4.144.12. 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. 4.154.13. 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. 4.164.14. The information shown and/or prompted on the screen handled by the EHSAN HERITAGE AUCTIONEERS SDN. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 1 contract

Samples: Facility Agreement

BIDDING PROCEDURES. 4.1. Bidders have to login at EHSAN AUCTIONEERS PG ACT FAST AUCTION (SABAH) 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 PG ACT FAST AUCTION (SABAH) 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 PG ACT FAST AUCTION (SABAH) 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.the 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 PG ACT FAST AUCTION (SABAH) SDN. BHD. website regarding the public auction, particularly to the calling of bidding price during the bidding process and the declaration of successful bidder shall be final and conclusive.

Appears in 1 contract

Samples: Conditions of Sale

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