Common use of Bidding Process Clause in Contracts

Bidding Process. and applicable Addendums) before making any bids is strongly All bids are an irrevocable offer to buy and shall remain valid and recommended. No modification to the form of the Agreement will be enforceable until the Seller signs a Real Estate Purchase Agreement and accepted, at Seller’s sole discretion. the auction has concluded. The bidder’s number, secure password and user (h) The Property may be withdrawn at any time without notice and is ID is nontransferable. subject to additional deletions and / or prior sales. All Pre- Auction offers are encouraged and will be considered. 13. ENVIRONMENTAL DISCLAIMER:(i) The purchase is not contingent on obtaining financing or qualification. The Seller, Broker, Auctioneer, agents, and their agents, contractors and employees do not warrant or covenant with Buyer(s) with respect to 5. ANNOUNCEMENTS: the existence or nonexistence of any pollutants, contaminants, mold, or All announcements and updates prior to the Auction will take precedence hazardous waste prohibited by federal, state or local law or claims based over all previously printed material and any other oral statements thereon arising out of the actual or threatened discharge, release, disposal, made. As a bidder it is your responsibility to know and understand all seepage, migration or escape of such substances at, from or into the announcements/updates before the auction begins. In the event of a premises. Buyer is to rely upon its’ own environmental audit or examination dispute over any matter, the Seller shall make the sole and final decision of the premises. and will have the right either to accept or reject the final bid or reopen the bidding. Bidding increments and order of sale shall be at the sole 14.

Bidding Process. and applicable Addendums) before making any bids is strongly All bids are an irrevocable offer to buy and shall remain valid and recommended. No modification to the form of the Agreement will be enforceable until the Seller signs a Real Estate Purchase Agreement and accepted, at Seller’s sole discretion. the auction has concluded. The bidder’s number, secure password and user (h) The Property may be withdrawn at any time without notice and is ID is nontransferable. subject to additional deletions and / or prior sales. All Pre- Auction offers are encouraged and will be considered. 13. ENVIRONMENTAL DISCLAIMER:(iDISCLAIMER: (i) The purchase is not contingent on obtaining financing or qualification. The Seller, Broker, Auctioneer, agents, and their agents, contractors and employees do not warrant or covenant with Buyer(s) with respect to 5. ANNOUNCEMENTS: the existence or nonexistence of any pollutants, contaminants, mold, or All announcements and updates prior to the Auction will take precedence hazardous waste prohibited by federal, state or local law or claims based over all previously printed material and any other oral statements thereon arising out of the actual or threatened discharge, release, disposal, made. As a bidder it is your responsibility to know and understand all seepage, migration or escape of such substances at, from or into the announcements/updates before the auction begins. In the event of a premises. Buyer is to rely upon its’ own environmental audit or examination dispute over any matter, the Seller shall make the sole and final decision of the premises. and will have the right either to accept or reject the final bid or reopen the bidding. Bidding increments and order of sale shall be at the sole 14.