Common use of ONLINE BIDDING PROCEDURES Clause in Contracts

ONLINE BIDDING PROCEDURES. 9.1. Any bid once entered by the registered Online Bidders or On-site bidders shall be binding upon the registered Online Bidders and On-site Bidders and the bid shall not be withdrawn or retracted in any manner whatsoever. 9.2. In the event, there is only one (1) or more than one (1) registered Online Bidders and/or On-site bidders and no bid is entered by the said registered Online Bidders and/or On-site bidders, the public auction shall be aborted. 9.3. In the event the public auction has started and no bid is made within thirty (30) minutes, the public auction shall be terminated; or 9.4. Online Bidding shall generally commence based on the sequence of the lot of the property being shown on the bidding page in the Ehsan Auctioneer’s Website. However, the Auctioneer has the right to vary the sequence of the lot of the property without having to give prior notice to registered Online Bidders. 9.5. It shall be the responsibility of all registered Online Bidders to log in through the Ehsan Auctioneer’s website at least 15 (fifteen) minutes before the auction time on the date of auction and to wait for their turn to bid online for the property lot in which they have registered. 9.6. The public auction shall commence after the countdown of 3,2,1 and when a flash message stating “Auction Started” is displayed. 9.7. Registered Online Bidders shall start bidding online by pressing the “NEXT BID button” and the bidding amount stated button for the subsequent bids. Each bid will be called for three (3) times “First Calling”, “Second Calling” and “Final Calling”. Registered Online Bidders are advised to make their bids early before the calling and not to wait until the “Final Calling”. 9.8. The information shown in the bidding page of Ehsan Auctioneer’s website of the new reserve price or increment rate prior to the commencement of the public auction shall be binding on all registered Online Bidders or On-site bidders. 9.9. When the bidding website page displays “No more Bids”, no further bids shall be accepted by the Auctioneer whether Online or On-site and the registered Online Bidders or On-site bidders with the highest bid shall be declared as the successful Purchaser (“successful Purchaser”) upon the fall of the hammer. 9.10. The successful and unsuccessful registered Online Bidders shall be notified via registered e-mail by Ehsan Auctioneer.

Appears in 34 contracts

Samples: Housing Loan Agreement, Facilities Agreement, Housing Loan Agreement

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ONLINE BIDDING PROCEDURES. 9.1. Any bid once entered by the registered Online Bidders or On-site bidders shall be binding upon the registered Online Bidders and On-site Bidders and the bid shall not be withdrawn or retracted in any manner whatsoever. 9.2. In the event, there is only one (1) or more than one (1) registered Online Bidders and/or On-site bidders and no bid is entered by the said registered Online Bidders and/or On-site biddersBidders, the public auction in respect of that particular property shall be aborted. 9.3. In the event the public auction has started and no bid is made within thirty (30) minutes, the public auction shall be terminated; or 9.4. Online Bidding shall generally commence based on the sequence of the lot of the property being shown on the bidding page in the Ehsan Auctioneer’s WebsiteLA website. However, the Auctioneer has the right to vary the sequence of the lot of the property without having to give prior notice to registered Online Bidders. 9.59.4. It shall be the responsibility of all registered Online Bidders to log in login through the Ehsan Auctioneer’s LA website at least 15 (fifteen) minutes before the auction time on the date of auction and to wait for their turn to bid online for the property lot in which they have registered. 9.69.5. The public auction shall commence after the countdown of 3,2,1 5,4,3,2,1 and when a flash message stating “Auction Started. Enter your bid now” is displayed. 9.79.6. Registered Online Bidders shall start bidding online by pressing the “NEXT BID button” (for the 1st bid) and the bidding amount stated button for the subsequent bids. Each bid will be called for three (3) times “First Calling”, “Second Calling” and “Final Last Calling”. Registered Online Bidders are advised to make their bids early before the calling and not to wait until the “Final Last Calling”. 9.89.7. The information shown in the bidding page of Ehsan Auctioneer’s the LA website of the new reserve price or increment rate prior to the commencement of the public auction shall be binding on all registered Online Bidders or On-site biddersBidders. 9.99.8. When the bidding website page displays “No more Bids”, no further bids shall be accepted by the Auctioneer whether Online or On-site and the registered Online Bidders or On-site bidders with the highest bid shall be declared as the successful Purchaser (“successful Purchaser”) upon the fall of the hammerhammer or any other manner deem fit by the Auctioneer. 9.109.9. The successful and unsuccessful registered Online Bidders shall be notified via registered e-mail by Ehsan Xxxxx Auctioneer.

Appears in 12 contracts

Samples: Facility Agreement, Proclamation of Sale, Facilities Agreement

ONLINE BIDDING PROCEDURES. 9.1. Any bid once entered by the registered Online Bidders or On-site bidders Bidders shall be binding upon the registered Online Bidders and On-site Bidders and the bid shall not be withdrawn or retracted in any manner whatsoever. 9.2. In the event, there is only one (1) or more than one (1) registered Online Bidders and/or On-site bidders Bidders and no bid is entered by the said registered Online Bidders and/or On-site biddersBidders, the public auction in respect of that particular property shall be aborted. 9.3. In the event the public auction has started and no bid is made within thirty (30) minutes, the public auction shall be terminated; or 9.4. Online Bidding shall generally commence based on the sequence of the lot of the property being shown on the bidding page in the Ehsan Auctioneer’s WebsiteLA website. However, the Auctioneer has the right to vary the sequence of the lot of the property without having to give prior notice to registered Online Bidders. 9.59.4. It shall be the responsibility of all registered Online Bidders to log in login through the Ehsan Auctioneer’s LA website at least 15 (fifteen) minutes before the auction time on the date of auction and to wait for their turn to bid online for the property lot in which they have registered. 9.69.5. The public auction shall commence after the countdown of 3,2,1 5,4,3,2,1 and when a flash message stating “Auction Started. Enter your bid now” is displayed. 9.79.6. Registered Online Bidders shall start bidding online by pressing the “NEXT BID button” (for the 1st bid) and the bidding amount stated button for the subsequent bids. Each bid will be called for three (3) times “First Calling”, “Second Calling” and “Final Last Calling”. Registered Online Bidders are advised to make their bids early before the calling and not to wait until the “Final Last Calling”. 9.89.7. The information shown in the bidding page of Ehsan Auctioneer’s the LA website of the new reserve price or increment rate prior to the commencement of the public auction shall be binding on all registered Online Bidders or On-site biddersBidders. 9.99.8. When the bidding website page displays “No more Bids”, no further bids shall be accepted by the Auctioneer whether Online or On-site and the registered Online Bidders or On-site bidders Bidders with the highest bid shall be declared as the successful Purchaser (“successful Purchaser”) upon the fall of the hammerhammer or any other manner deem fit by the Auctioneer. 9.109.9. The successful and unsuccessful registered Online Bidders shall be notified via registered e-mail by Ehsan Xxxxx Auctioneer.

Appears in 8 contracts

Samples: Facility Agreement, Facility Agreement, Facility Agreement

ONLINE BIDDING PROCEDURES. 9.1. Any bid once entered by the registered Online Bidders or On-site bidders shall be binding upon the registered Online Bidders and On-site Bidders and the bid shall not be withdrawn or retracted in any manner whatsoever. 9.2. In the event, there is only one (1) or more than one (1) registered Online Bidders and/or On-site bidders and no bid is entered by the said registered Online Bidders and/or On-site biddersBidders, the public auction in respect of that particular property shall be aborted. 9.3. In the event the public auction has started and no bid is made within thirty (30) minutes, the public auction shall be terminated; or 9.4. Online Bidding shall generally commence based on the sequence of the lot of the property being shown on the bidding page in the Ehsan Auctioneer’s Websitexxx.xxxxxxxxxxx-xxxxxxxxx.xxx website. However, the Auctioneer has the right to vary the sequence of the lot of the property without having to give prior notice to registered Online Bidders. 9.59.4. It shall be the responsibility of all registered Online Bidders to log in login through the Ehsan Auctioneer’s Sejahtera Auctioneers website at least 15 (fifteen) minutes before the auction time on the date of auction and to wait for their turn to bid online for the property lot in which they have registered. 9.69.5. The public auction shall commence after the countdown of 3,2,1 5,4,3,2,1 and when a flash message stating “Auction Started. Enter your bid now” is displayed. 9.79.6. Registered Online Bidders shall start bidding online by pressing the “NEXT BID button” (for the 1st bid) and the bidding amount stated button for the subsequent bids. Each bid will be called for three (3) times “First Calling”, “Second Calling” and “Final Last Calling”. Registered Online Bidders are advised to make their bids early before the calling and not to wait until the “Final Last Calling”. 9.89.7. The information shown in the bidding page of Ehsan Auctioneer’s the xxx.xxxxxxxxxxx-xxxxxxxxx.xxx website of the new reserve price or increment rate prior to the commencement of the public auction shall be binding on all registered Online Bidders or On-site bidders.Bidders 9.99.8. When the bidding website page displays “No more Bids”, no further bids shall be accepted by the Auctioneer whether Online or On-site and the registered Online Bidders or On-site bidders with the highest bid shall be declared as the successful Purchaser (“successful Purchaser”) upon the fall of the hammer. 9.109.9. The successful and unsuccessful registered Online Bidders shall be notified via registered e-mail by Ehsan AuctioneerSejahtera Auctioneers.

Appears in 4 contracts

Samples: Loan Agreement, Deed of Assignment, Facility Agreement, Power of Attorney, Deed of Assignment and Commodity Murabahah Facility Agreement

ONLINE BIDDING PROCEDURES. 9.1. Any bid once entered by the registered Online Bidders or On-site bidders Bidders shall be binding upon the registered Online Bidders and On-site Bidders and the bid shall not be withdrawn or retracted in any manner whatsoever. 9.2. In the event, there is only one (1) or more than one (1) registered Online Bidders and/or On-site bidders Bidders and no bid is entered by the said registered Online Bidders and/or On-site biddersBidders, the public auction in respect of that particular property shall be aborted. 9.3. In the event the public auction has started and no bid is made within thirty (30) minutes, the public auction shall be terminated; or 9.4. Online Bidding shall generally commence based on the sequence of the lot of the property being shown on the bidding page in the Ehsan Auctioneer’s LA Website. However, the Auctioneer has the right to vary the sequence of the lot of the property without having to give prior notice to registered Online Bidders. 9.59.4. It shall be the responsibility of all registered Online Bidders to log in login through the Ehsan Auctioneer’s LA website at least 15 (fifteen) minutes before the auction time on the date of auction and to wait for their turn to bid online for the property lot in which they have registered. 9.69.5. The public auction shall commence after the countdown of 3,2,1 5,4,3,2,1 and when a flash message stating “Auction Started. Enter your bid now” is displayed. 9.79.6. Registered Online Bidders shall start bidding online by pressing the “NEXT BID button” (for the 1st bid) and the bidding amount stated button for the subsequent bids. Each bid will be called for three (3) times “First Calling”, “Second Calling” and “Final Last Calling”. Registered Online Bidders are advised to make their bids early before the calling and not to wait until the “Final Last Calling”. 9.89.7. The information shown in the bidding page of Ehsan Auctioneer’s the LA website of the new reserve price or increment rate prior to the commencement of the public auction shall be binding on all registered Online Bidders or On-site biddersBidders. 9.99.8. When the bidding website page displays “No more Bids”, no further bids shall be accepted by the Auctioneer whether Online or On-site and the registered Online Bidders or On-site bidders Bidders with the highest bid shall be declared as the successful Purchaser (“successful Purchaser”) upon the fall of the hammerhammer or any other manner deem fit by the Auctioneer. 9.109.9. The successful and unsuccessful registered Online Bidders shall be notified via registered e-mail by Ehsan Xxxxx Auctioneer. 9.10. Unsuccessful registered Online Bidders shall have the bank draft of 10% deposit returned to the registered Online Bidders within two (2) working days via Pos Laju or by hand. 9.11. 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 the 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 unforeseen circumstances, the Auctioneer may at his discretion decide to pause, restart, postpone and/or withdraw the property from the public auction and the registered Online Bidders will be notified of this on the bidding page of the LA website. 9.12. The Assignee/Bank shall be 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 hammer with or without notice and without having to provide any reason(s) or ground(s) whatsoever and the registered Online Bidders will be notified on the LA website. 9.13. The information shown in the bidding page of the LA website on the declaration of the successful Purchaser shall be binding on all registered Online Bidders and On-site Bidders. 9.14. The decision of the Auctioneer shall be final and conclusive.

Appears in 4 contracts

Samples: Housing Loan Agreement, Housing Loan Agreement, Facilities Agreement

ONLINE BIDDING PROCEDURES. 9.1. 8.1 Any bid once entered by the registered Online Bidders or On-site bidders shall be binding upon the registered Online Bidders and On-site Bidders and the bid shall not be withdrawn or retracted in any manner whatsoever. 9.2. 8.2 In the event, there is only one (1) or more than one (1) registered Online Bidders and/or On-site bidders and no bid is entered by the said registered Online Bidders and/or On-site biddersBidders, the public auction in respect of that particular property shall be aborted. 9.3. In the event the public auction has started and no bid is made within thirty (30) minutes, the public auction shall be terminated; or 9.4. 8.3 Online Bidding shall generally commence based on the sequence of the lot of the property being shown on the bidding page in the Ehsan Auctioneer’s WebsiteVSAC website. However, the Auctioneer has the right to vary the sequence of the lot of the property without having to give prior notice to registered Online Bidders. 9.5. 8.4 It shall be the responsibility of all registered Online Bidders to log in login through the Ehsan Auctioneer’s VSAC website at least 15 (fifteen) minutes before the auction time on the date of auction and to wait for their turn to bid online for the property lot in which they have registered. 9.6. 8.5 The public auction shall commence after the countdown of 3,2,1 and when a flash message stating Auction StartedStart”. Raise “bid now” is displayed. 9.7. 8.6 Registered Online Bidders shall start bidding online by pressing the “NEXT Raise BID button” (for the 1st bid) and the bidding amount stated button for the subsequent bids. Each bid will be called for three (3) times “First Calling”, “Second Calling” and “Final Calling”. Registered Online Bidders are advised to make their bids early before the calling and not to wait until the “Final Calling”. 9.8. The information shown in the bidding page of Ehsan Auctioneer’s website of the new reserve price or increment rate prior to the commencement of the public auction shall be binding on all registered Online Bidders or On-site bidders. 9.9. When the bidding website page displays “No more Bids”, no further bids shall be accepted by the Auctioneer whether Online or On-site and the registered Online Bidders or On-site bidders with the highest bid shall be declared as the successful Purchaser (“successful Purchaser”) upon the fall of the hammer. 9.10. The successful and unsuccessful registered Online Bidders shall be notified via registered e-mail by Ehsan Auctioneer.

Appears in 3 contracts

Samples: Proclamation of Sale, Murabah Facility Agreement, Facility Agreement Housing (Fixed Loan)

ONLINE BIDDING PROCEDURES. 9.1. 9.1 Any bid once entered by the registered Online Bidders or On-site bidders shall be binding upon the registered Online Bidders and On-site Bidders and the bid shall not be withdrawn or retracted in any manner whatsoever. 9.2. 9.2 In the event, there is only one (1) or more than one (1) registered Online Bidders and/or On-site bidders and no bid is entered by the said registered Online Bidders and/or On-site bidders, the public auction shall be aborted. 9.3. 9.3 In the event the public auction has started and no bid is made within thirty (30) minutes, the public auction shall be terminated; or 9.4. 9.4 Online Bidding shall generally commence based on the sequence of the lot of the property being shown on the bidding page in the Ehsan Auctioneer’s Website. However, the Auctioneer has the right to vary the sequence of the lot of the property without having to give prior notice to registered Online Bidders. 9.5. 9.5 It shall be the responsibility of all registered Online Bidders to log in through the Ehsan Auctioneer’s website at least 15 (fifteen) minutes before the auction time on the date of auction and to wait for their turn to bid online for the property lot in which they have registered. 9.6. 9.6 The public auction shall commence after the countdown of 3,2,1 and when a flash message stating “Auction Started” is displayed. 9.7. 9.7 Registered Online Bidders shall start bidding online by pressing the “NEXT BID button” and the bidding amount stated button for the subsequent bids. Each bid will be called for three (3) times “First Calling”, “Second Calling” and “Final Calling”. Registered Online Bidders are advised to make their bids early before the calling and not to wait until the “Final Calling”. 9.8. 9.8 The information shown in the bidding page of Ehsan Auctioneer’s website of the new reserve price or increment rate prior to the commencement of the public auction shall be binding on all registered Online Bidders or On-site bidders. 9.9. 9.9 When the bidding website page displays “No more Bids”, no further bids shall be accepted by the Auctioneer whether Online or On-site and the registered Online Bidders or On-site bidders with the highest bid shall be declared as the successful Purchaser (“successful Purchaser”) upon the fall of the hammer. 9.10. 9.10 The successful and unsuccessful registered Online Bidders shall be notified via registered e-mail by Ehsan Auctioneer.

Appears in 3 contracts

Samples: Facilities Agreement, Facilities Agreement, Facilities Agreement

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ONLINE BIDDING PROCEDURES. 9.18.1. Any bid once entered by the registered Online Bidders or On-site bidders Bidders shall be binding upon the registered Online Bidders and On-site Bidders and the bid shall not be withdrawn or retracted in any manner whatsoever. 9.28.2. In the event, there is only one (1) or more than one (1) registered Online Bidders and/or On-site bidders Bidders and no bid is entered by the said registered Online Bidders and/or On-On- site biddersBidders, the public auction in respect of that particular property shall be aborted. 9.3. In the event the public auction has started and no bid is made within thirty (30) minutes, the public auction shall be terminated; or 9.48.3. Online Bidding shall generally commence based on the sequence of the lot of the property being shown on the bidding page in the Ehsan Auctioneer’s WebsiteVSAC website. However, the Auctioneer has the right to vary the sequence of the lot of the property without having to give prior notice to registered Online Bidders. 9.58.4. It shall be the responsibility of all registered Online Bidders to log in login through the Ehsan Auctioneer’s VSAC website at least 15 (fifteen) minutes before the auction time on the date of auction and to wait for their turn to bid online for the property lot in which they have registered. 9.68.5. The public auction shall commence after the countdown of 3,2,1 and when a flash message stating Auction StartedStart”. Raise bid now” is displayed. 9.78.6. Registered Online Bidders shall start bidding online by pressing the “NEXT Raise BID button” (for the 1st bid) and the bidding amount stated button for the subsequent bids. Each bid will be called for three (3) times “First Calling”, “Second Calling” and “Final Calling”. Registered Online Bidders are advised to make their bids early before the calling and not to wait until the “Final Calling”. 9.88.7. The information shown in the bidding page of Ehsan Auctioneer’s the VSAC website of the new reserve price or increment rate prior to the commencement of the public auction shall be binding on all registered Online Bidders or On-site biddersBidders. 9.98.8. When the bidding website page displays “No more BidsSold”, no further bids shall be accepted by the Auctioneer whether Online or On-site and the registered Online Bidders or On-site bidders Bidders with the highest bid shall be declared as the successful Purchaser (“successful Purchaser”) upon the fall of the hammer. 9.108.9. The successful and unsuccessful registered Online Bidders shall be notified via registered e-mail or message by Ehsan AuctioneerVision Skybidz Auction Centre Sdn Bhd. 8.10. Unsuccessful registered Online Bidders shall have the 10% deposit refunded to the same bank account from which the deposit transfer was made within two (2) working days. 8.11. 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 the 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 unforeseen circumstances, the Auctioneer may at his discretion decide to pause, restart, postpone and/or withdraw the property from the public auction and the registered Online Bidders will be notified of this on the bidding page of the VSAC website. 8.12. The Assignee/Bank shall be 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 hammer with or without notice and without having to provide any reason(s) or ground(s) whatsoever and the registered Online Bidders will be notified on the VSAC website. 8.13. The information shown in the bidding page of the VSAC website on the declaration of the successful Purchaser shall be binding on all registered Online Bidders and On-site Bidders. 8.14. The decision of the Auctioneer shall be final and conclusive.

Appears in 3 contracts

Samples: Facilities Agreement, Facilities Agreement, Facilities Agreement

ONLINE BIDDING PROCEDURES. 9.18.1. Any bid once entered by the registered Online Bidders or On-site bidders shall be binding upon the registered Online Bidders and On-site Bidders and the bid shall not be withdrawn or retracted in any manner whatsoever. 9.28.2. In the event, there is only one (1) or more than one (1) registered Online Bidders and/or On-site bidders and no bid is entered by the said registered Online Bidders and/or On-site biddersBidders, the public auction in respect of that particular property shall be aborted. 9.3. In the event the public auction has started and no bid is made within thirty (30) minutes, the public auction shall be terminated; or 9.48.3. Online Bidding shall generally commence based on the sequence of the lot of the property being shown on the bidding page in the Ehsan Auctioneer’s WebsiteVSAC website. However, the Auctioneer has the right to vary the sequence of the lot of the property without having to give prior notice to registered Online Bidders. 9.58.4. It shall be the responsibility of all registered Online Bidders to log in login through the Ehsan Auctioneer’s VSAC website at least 15 (fifteen) minutes before the auction time on the date of auction and to wait for their turn to bid online for the property lot in which they have registered. 9.68.5. The public auction shall commence after the countdown of 3,2,1 and when a flash message stating Auction StartedStart”. Raise bid now” is displayed. 9.78.6. Registered Online Bidders shall start bidding online by pressing the “NEXT Raise BID button” (for the 1st bid) and the bidding amount stated button for the subsequent bids. Each bid will be called for three (3) times “First Calling”, “Second Calling” and “Final Calling”. Registered Online Bidders are advised to make their bids early before the calling and not to wait until the “Final Calling”. 9.88.7. The information shown in the bidding page of Ehsan Auctioneer’s the VSAC website of the new reserve price or increment rate prior to the commencement of the public auction shall be binding on all registered Online Bidders or On-site biddersBidders. 9.98.8. When the bidding website page displays “No more BidsSold”, no further bids shall be accepted by the Auctioneer whether Online or On-site and the registered Online Bidders or On-site bidders with the highest bid shall be declared as the successful Purchaser (“successful Purchaser”) upon the fall of the hammer. 9.108.9. The successful and unsuccessful registered Online Bidders shall be notified via registered e-mail or message by Ehsan AuctioneerVision Skybidz Auction Centre Sdn Bhd. 8.10. Unsuccessful registered Online Bidders shall have the 5% deposit refunded to the same bank account from which the deposit transfer was made within three (3) working days. 8.11. 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 the 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 unforeseen circumstances, the Auctioneer may at his discretion decide to pause, restart, postpone and/or withdraw the property from the public auction and the registered Online Bidders will be notified of this on the bidding page of the VSAC website. 8.12. The Assignee/Bank shall be 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 hammer with or without notice and without having to provide any reason(s) or ground(s) whatsoever and the registered Online Bidders will be notified on the VSAC website. 8.13. The information shown in the bidding page of the VSAC website on the declaration of the successful Purchaser shall be binding on all registered Online Bidders. 8.14. he decision of the Auctioneer shall be final and conclusive.

Appears in 2 contracts

Samples: Deed of Assignment and Power of Attorney, Facility Agreement Housing (Fixed Loan)

ONLINE BIDDING PROCEDURES. 9.18.1. Any bid once entered by the registered Online Bidders or On-site bidders shall be binding upon the registered Online Bidders and On-site Bidders and the bid shall not be withdrawn or retracted in any manner whatsoever. 9.28.2. In the event, there is only one (1) or more than one (1) registered Online Bidders and/or On-site bidders and no bid is entered by the said registered Online Bidders and/or On-site biddersBidders, the public auction in respect of that particular property shall be aborted. 9.3. In the event the public auction has started and no bid is made within thirty (30) minutes, the public auction shall be terminated; or 9.48.3. Online Bidding shall generally commence based on the sequence of the lot of the property being shown on the bidding page in the Ehsan Auctioneer’s WebsiteVSAC website. However, the Auctioneer has the right to vary the sequence of the lot of the property without having to give prior notice to registered Online Bidders. 9.58.4. It shall be the responsibility of all registered Online Bidders to log in login through the Ehsan Auctioneer’s VSAC website at least 15 (fifteen) minutes before the auction time on the date of auction and to wait for their turn to bid online for the property lot in which they have registered. 9.68.5. The public auction shall commence after the countdown of 3,2,1 and when a flash message stating Auction StartedStart”. Raise bid now” is displayed. 9.78.6. Registered Online Bidders shall start bidding online by pressing the “NEXT Raise BID button” (for the 1st bid) and the bidding amount stated button for the subsequent bids. Each bid will be called for three (3) times “First Calling”, “Second Calling” and “Final Calling”. Registered Online Bidders are advised to make their bids early before the calling and not to wait until the “Final Calling”. 9.88.7. The information shown in the bidding page of Ehsan Auctioneer’s the VSAC website of the new reserve price or increment rate prior to the commencement of the public auction shall be binding on all registered Online Bidders or On-site biddersBidders. 9.98.8. When the bidding website page displays “No more BidsSold”, no further bids shall be accepted by the Auctioneer whether Online or On-site and the registered Online Bidders or On-site bidders with the highest bid shall be declared as the successful Purchaser (“successful Purchaser”) upon the fall of the hammer. 9.108.9. The successful and unsuccessful registered Online Bidders shall be notified via registered e-mail or message by Ehsan AuctioneerVision Skybidz Auction Centre Sdn Bhd. 8.10. Unsuccessful registered Online Bidders shall have the 5% deposit refunded to the same bank account from which the deposit transfer was made within three (3) working days. 8.11. 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 the 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 unforeseen circumstances, the Auctioneer may at his discretion decide to pause, restart, postpone and/or withdraw the property from the public auction and the registered Online Bidders will be notified of this on the bidding page of the VSAC website. 8.12. The Assignee/Bank shall be 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 hammer with or without notice and without having to provide any reason(s) or ground(s) whatsoever and the registered Online Bidders will be notified on the VSAC website. 8.13. The information shown in the bidding page of the VSAC website on the declaration of the successful Purchaser shall be binding on all registered Online Bidders. 8.14. The decision of the Auctioneer shall be final and conclusive.

Appears in 1 contract

Samples: Housing / Shophouse Loan Agreement Overdraft (Flexi)

ONLINE BIDDING PROCEDURES. 9.18.1. Any bid once entered by the registered Online Bidders or On-site bidders Bidders shall be binding upon the registered Online Bidders and On-site Bidders and the bid shall not be withdrawn or retracted in any manner whatsoever. 9.28.2. In the event, there is only one (1) or more than one (1) registered Online Bidders and/or On-site bidders Bidders and no bid is entered by the said registered Online Bidders and/or On-site biddersBidders, the public auction in respect of that particular property shall be aborted. 9.3. In the event the public auction has started and no bid is made within thirty (30) minutes, the public auction shall be terminated; or 9.48.3. Online Bidding shall generally commence based on the sequence of the lot of the property being shown on the bidding page in the Ehsan Auctioneer’s WebsiteVSAC website. However, the Auctioneer has the right to vary the sequence of the lot of the property without having to give prior notice to registered Online Bidders. 9.58.4. It shall be the responsibility of all registered Online Bidders to log in login through the Ehsan Auctioneer’s VSAC website at least 15 (fifteen) minutes before the auction time on the date of auction and to wait for their turn to bid online for the property lot in which they have registered. 9.68.5. The public auction shall commence after the countdown of 3,2,1 and when a flash message stating Auction StartedStart”. Raise bid now” is displayed. 9.78.6. Registered Online Bidders shall start bidding online by pressing the “NEXT Raise BID button” (for the 1st bid) and the bidding amount stated button for the subsequent bids. Each bid will be called for three (3) times “First Calling”, “Second Calling” and “Final Calling”. Registered Online Bidders are advised to make their bids early before the calling and not to wait until the “Final Calling”. 9.88.7. The information shown in the bidding page of Ehsan Auctioneer’s the VSAC website of the new reserve price or increment rate prior to the commencement of the public auction shall be binding on all registered Online Bidders or On-site biddersBidders. 9.98.8. When the bidding website page displays “No more BidsSold”, no further bids shall be accepted by the Auctioneer whether Online or On-site and the registered Online Bidders or On-site bidders Bidders with the highest bid shall be declared as the successful Purchaser (“successful Purchaser”) upon the fall of the hammer. 9.108.9. The successful and unsuccessful registered Online Bidders shall be notified via registered e-mail or message by Ehsan AuctioneerVision Skybidz Auction Centre Sdn Bhd. 8.10. Unsuccessful registered Online Bidders shall have the 10% deposit refunded to the same bank account from which the deposit transfer was made within two (2) working days. 8.11. 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 the 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 unforeseen circumstances, the Auctioneer may at his discretion decide to pause, restart, postpone and/or withdraw the property from the public auction and the registered Online Bidders will be notified of this on the bidding page of the VSAC website. 8.12. The Assignee/Bank shall be 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 hammer with or without notice and without having to provide any reason(s) or ground(s) whatsoever and the registered Online Bidders will be notified on the VSAC website. 8.13. The information shown in the bidding page of the VSAC website on the declaration of the successful Purchaser shall be binding on all registered Online Bidders and On- site Bidders. 8.14. The decision of the Auctioneer shall be final and conclusive.

Appears in 1 contract

Samples: Facilities Agreement

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